Backup Advancing Agent Fee definition

Backup Advancing Agent Fee. The fee payable monthly in arrears on each Payment Date to the Backup Advancing Agent in accordance with the Priority of Payments, equal to 0.001% per annum on the Aggregate Outstanding Amount of the Notes on such Payment Date prior to giving effect to payments on such Payment Date.
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Backup Advancing Agent Fee. A per annum rate of 0.00125% of the Aggregate Collateral Balance of the Collateral Interests. For purposes of the Priority of Payments, the Backup Advancing Agent Fee shall be categorized as an Administrative Expense of the Trustee and shall be paid at the times set forth herein and subject to the conditions and the priority of distribution provisions hereof.
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Examples of Backup Advancing Agent Fee in a sentence

  • In consideration of the Backup Advancing Agent’s obligations hereunder, the Backup Advancing Agent shall be entitled to receive, at the times set forth herein and subject to the Priority of Payments, to the extent funds are available therefor, the Backup Advancing Agent Fee.

  • Thereafter, the Trustee shall be entitled to receive, in consideration of becoming the successor Advancing Agent, the Advancing Agent Fee (for so long as the Trustee acts as successor Advancing Agent) in lieu of the Backup Advancing Agent Fee in accordance with the Priority of Payments.

  • In consideration of the Backup Advancing Agent's obligations hereunder, the Backup Advancing Agent shall be entitled to receive, at the times set forth herein and subject to the Priority of Payments, to the extent funds are available therefor, the Backup Advancing Agent Fee.

  • In consideration of the Trustee's backup advancing obligations hereunder, the Trustee shall be entitled to receive, at the times set forth herein and subject to the Priority of Payments, to the extent funds are available therefor, the Backup Advancing Agent Fee.

  • Thereafter, the Trustee shall be entitled to receive, in consideration of becoming the successor Advancing Agent, the Advancing Agent F▇▇ (for so long as the Trustee acts as successor Advancing Agent) in lieu of the Backup Advancing Agent Fee in accordance with the Priority of Payments.

  • Thereafter, the Trustee shall be entitled to receive, in consideration of becoming the successor Advancing Agent, the Advancing Agent Fee (for so long as the Trustee acts as successor Advancing Agent and in lieu of the Backup Advancing Agent Fee) in accordance with the Priority of Payments.

  • In consideration of the Trustee’s back-up advancing obligations hereunder, the Trustee shall be entitled to receive, at the times set forth herein and subject to the Priority of Payments, to the extent funds are available therefore, the Backup Advancing Agent Fee.

  • The Backup Advancing Agent shall be entitled to receive, at the times set forth herein and subject to the Priority of Payments, to the extent funds are available therefore, the Backup Advancing Agent Fee.

  • In consideration of the Trustee’s backup advancing obligations hereunder, the Trustee shall be entitled to receive, at the times set forth herein and subject to the Priority of Payments, to the extent funds are available therefor, the Backup Advancing Agent Fee (and, to the extent the Trustee makes an Interest Advance that the Advancing Agent was required, but failed, to make, the Trustee shall also be entitled to receive the Advancing Agent Fee for so long as such Interest Advance is outstanding).