Common use of State Guarantee Fee Clause in Contracts

State Guarantee Fee. The Borrower will pay to the State Guarantor a guarantee fee on each 1 April and 1 October. The guarantee fee will be calculated for each half year starting at these dates at a per annum rate of 0.25 % of the amount guaranteed by the State Guarantor at those dates and is payable to C&L Deutsche Revision AG, Düsseldorf, Anderkonto Bundesminister der Finanzen, account 301 51 12 with Westdeutsche Landesbank Girozentrale, by making reference to the State Guarantee number. An amount of 0.25 % of the maximum guaranteed amount is due and payable by the Borrower in accordance with the sliding scale granted by the State Guarantor. The Borrower will promptly inform the Agent of any payments made pursuant to this Clause 26.5 (State Guarantee Fee).

Appears in 2 contracts

Sources: Project Financing Facility Agreement, Project Facility Agreement (Mercer International Inc.)

State Guarantee Fee. The Borrower will pay to the State Guarantor a guarantee fee on each 1 April and 1 October. The guarantee fee will be calculated for each half year starting at these dates at a per annum rate of 0.25 % of the amount guaranteed by the State Guarantor at those dates and is payable to C&L Deutsche Revision AG, DüsseldorfDusseldorf, Anderkonto Bundesminister der Finanzen, account 301 51 12 with Westdeutsche Landesbank Girozentrale, by making reference to the State Guarantee number. An amount of 0.25 % of the maximum guaranteed amount is due and payable by the Borrower in accordance with the sliding scale grading granted by the State Guarantor. The Borrower will promptly inform the Agent of any payments made pursuant to this Clause 26.5 (State Guarantee Fee).

Appears in 1 contract

Sources: Project Financing Facility Agreement (Mercer International Inc)