Borrow Fee definition
Borrow Fee means the fee paid by Borrower to the Lender for the Loan.
Borrow Fee means the product of (A) the Borrow Fee Rate and (B) the relevant Day Count Fraction;
Examples of Borrow Fee in a sentence
For each Business Day after the Maturity Date or the Recall Delivery Date (whichever is applicable) on which Borrower has not returned the Borrowed Asset or, in the case of a Collar-Loan, paid the Final Settlement Amount or delivered the Final Settlement Digital Currency Amount, as applicable, Borrower shall incur an additional fee (the “Late Fee”) of 5% (annualized, calculated daily) of the notional amount of the Loan in addition to the Borrow Fee.