Bank Guarantee Fee definition

Bank Guarantee Fee means the fee specified in clause L(4); Break Costs – means the costs described in clause I; Conditions Precedent – means:
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Bank Guarantee Fee means the fee specified in clause L(4);
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Examples of Bank Guarantee Fee in a sentence

  • The amount of the Bank Guarantee Fee debited on an Interest Payment Date is the sum of the daily amounts of the fee calculated in accordance with this clause for the period commencing on the day that a Bank Guarantee is first issued under the Facility (in the case of the first debit of this fee) or on the previous Interest Payment Date, and ending on the day before the Interest Payment Date on which the amount is to be debited.

  • The Bank Guarantee Fee may also be debited on the last day of the Loan Period, or immediately before the Facility is repaid or cancelled, the Loan Limit is reduced to zero or Rabobank demands or requires repayment of the Facility in accordance with the Facility Agreement.

  • If Rabobank varies the terms and conditions applying to the Facility pursuant to a Loan Conditions Review, or if Rabobank varies the Margin, Undrawn Loan Fee or Bank Guarantee Fee pursuant to a Loan Pricing Review, then Rabobank will provide the Account Owner with a notice specifying the variations, which will come into effect one month from the date of the Loan Conditions Review or the Loan Pricing Review.

  • At a Loan Pricing Review, Rabobank may review the Margin, Undrawn Loan Fee and Bank Guarantee Fee conforming with Rabobank’s policies relating to lending.

  • For so long as Rabobank has any contingent liability under a Bank Guarantee, the Account Owner must pay the Bank Guarantee Fee to Rabobank calculated daily at the rate specified in the Letter of Offer or, if no rate is so specified, the Variable Rate plus the Margin, on the amount of the contingent liability.

  • If Rabobank does not require the Account Owner to fully repay the Facility, then Rabobank may at its discretion vary some or all of the terms and conditions applying to the Facility, except the Margin, Undrawn Loan Fee and Bank Guarantee Fee, so that some or all of its then current terms and conditions for similar facilities of similar amounts to account owners of a similar financial standing apply to the Facility.

  • At a Loan Pricing Review, Rabobank may review the Margin, Undrawn Loan Fee and Bank Guarantee Fee in the context of its current rates for similar facilities of similar amounts to account owners of a similar financial standing and vary them accordingly.

  • Variations to Facility Agreement If Rabobank varies the terms and conditions applying to the Facility pursuant to a Loan Conditions Review, or if Rabobank varies the Margin, Undrawn Loan Fee or Bank Guarantee Fee pursuant to a Loan Pricing Review, then Rabobank will provide the Account Owner with a notice specifying the variations which will come into effect one month from the date of the Loan Conditions Review or the Loan Pricing Review.

  • The financial costs are mostly Bank Guarantee Fee, Front End Fee, L/C Fee and Interest for Short-term Loans and Promissory Notes.

  • Howev er, in respect of loan granted by Gov ernment of India, there are outstanding interest dues of Rs.902.96 Lakhs and Penal interest on delay in payment of Bank Guarantee Fee Rs.259 lakhs.(ix) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans during the year.(x) Jharkhand Zone of the Company has reported fraudulent payments of Rs.1186.29 lakhs made to contractors in conniv ance wi th the employees of the Company .

Related to Bank Guarantee Fee

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Lender Fee Letter means each fee letter agreement that shall be entered into by and among the Borrower, the Servicer, the applicable Lender and its related Lender Agent in connection with the transactions contemplated by this Agreement, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per Section 3.9.

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • LC Fee is defined in Section 2.19.4.

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • Facility LC Application is defined in Section 2.19.3.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Arranger Fee Letter means that certain Arranger Fee Letter related to this Agreement, entered into by the Company and dated November 23, 2015.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.