Bond Placement Fee definition
Bond Placement Fee means the bond placement fee payable to the Manager equal to 2.00% of the principal amount of each FMB or other tax exempt instrument made, acquired or originated by the Company (other than temporary investments), which is held by the Company or other entities to whom the Company has transferred such FMBs to facilitate financing.
Examples of Bond Placement Fee in a sentence
Bond Placement Fee: 2.0% of the principal amount of each First Mortgage Bond and other tax-exempt instrument originated or acquired by the Trust, its subsidiaries or other Persons which holds, or to whom the Trust or its subsidiaries has Transferred, such First Mortgage Bond or other tax-exempt instrument to facilitate financing (payable by the borrower, and not the Trust or its subsidiaries).