Fees Payment Date definition
Examples of Fees Payment Date in a sentence
If the lease relating to each Individual Transaction hereunder expires on any day other than the Lease Fees Payment Date for occurrence of any Total Loss Event relating to the Property or the Unit Component, occurrence of any Event of Default, exercise of the purchase option or return option by the Lessee, or any other reason (except for the expiration due to a reason attributable to the Lessors), the Lessee shall pay the Break Funding Cost to the Lessors.
For each Individual Transaction, the Lessee shall pay the Lease Fee for the Lease Fees Calculation Period ending on the Lease Fees Payment Date by 11:00 a.m. of each Lease Fees Payment Date.
Accrued Facility Fees shall be payable in arrears with respect to the most recently ended calendar quarter or potion thereof when due in accordance with the requirements of the invoice provided by Lender each April, July, October and January and on the applicable date designated by Lender with respect to the date on which the Commitment terminates (each, a “Specified Fees Payment Date”), beginning on the first Specified Fees Payment Date to occur after the Fourth Amendment Effective Date.
Any Fees and Expenses not paid by the Fees Payment Date or Expenses Payment Date, as applicable, shall be subject to late charges for such Fees and Expenses, calculated at a rate of 10% per annum from the Fees Payment Date or Expenses Payment Date, as applicable, to the date of payment.
On each Additional Fees Payment Date, the Administrative Agent shall, from funds actually received by it and on behalf of the Participating Banks, pay to the DF Participants, in the same funds or form as received by it, a portion of the total Tranche B Additional Fees received equal to the fraction 17.5/325, and concurrently shall deliver to the DF Participants and the Participating Banks a notice setting forth in reasonable detail the calculation of such payments.
Accrued Facility Fees shall be payable in arrears with respect to most recently ended calendar quarter or portion thereof on the first Business day of each April, July, October, and January and on the date on which the Commitment terminates (each, a “Specified Fees Payment Date”), beginning on the first Specified Fees Payment Date to occur after the Effective Date.
If the Fees for the upcoming month are not paid on or prior to the Fees Payment Date Provider shall not be obligated to provide the Transition Services associated with such Fees unless and until such Fees are paid.