Guarantee Commission definition

Guarantee Commission. The guarantee commission in respect of either of the Guarantees payable under clause 6 (Guarantee commissions).

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Guarantee Commission means the guarantee commission to be paid by the Borrower to the Agent pursuant to Clause 9.3.

Guarantee Commission means 0.15 per cent per annum.

Examples of Guarantee Commission in a sentence

• Provisions with regard to the Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided in detail in Schedule B attached to this Agreement.

• Provisions with regard to the Staff, Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided in detail in Schedule B attached to this Agreement.

• Guarantee Commission for each Guarantee will be calculated on the basis of the actual number of days elapsed and a 360 day year.

• Accrued Guarantee Commission for each Guarantee shall be paid in arrear on each 30 March, 30 June, 30 September and 30 December of each year falling during such period and on the applicable Guarantee Termination Date.

• No Guarantee Commission will be payable for either of the Guarantees if the Guarantee Liability thereof has definitely been reduced to zero in accordance with the provisions of the definition of "Guarantee Liability".

• Any prepayment under this Agreement shall be made together with accrued Guarantee Commission on the amount prepaid.

• The Bank Guarantee Commission with respect to each Bank Guarantee shall be distributed according to each Bank's Proportionate Share with respect to such Bank Guarantee.

• The aggregate Landlord’s Guarantee Commission over the Lease Period (“Total Landlord’s Guarantee Commission”) shall be payable by the Landlord to RentalGenie in the first month of the Lease Period, in accordance with the mechanisms contained in the Terms of Service.

• The Guarantee Commission will accrue from day to day on the basis of a 360 day year and the actual number of days elapsed and shall be paid quarterly in arrears with a first payment due on the date which is three months after the date of the issue of the first Bank Guarantee and a final pro rata payment on the last day of the Facility Period (each a “Commission Payment Date”).

• However, after the Final Maturity Date, provided the obligations of the Borrowers pursuant to Clause 10.2 (Repayment of Bank Guarantees) have been complied with, Bank Guarantee Commission will be payable solely for the account of the Issuing Bank.

More Definitions of Guarantee Commission

Guarantee Commission. In the event that cash has been deposited in the Cash Collateral Account (as defined below) following from the Guarantee Facility not being extended through an annual review (as set out below), the Guarantee Commission shall be reduced to 0.30% p.a. Arrangement Fee – Guarantee: USD 500, payable on the issuance of the respective Guarantee. Amounts due to Nordea shall be paid in accordance with the following wiring instructions: Pay to: ▇▇▇▇▇▇▇▇ For the account of: ▇▇▇▇▇▇▇▇ Charging: Ref: Trade Finance Oslo — Helix Energy Solutions Group Other: The Guarantee Facility shall be available for the issuance of Guarantees with up to 3 years tenor on an unsecured basis, provided however that in the event the Guarantee Facility is not extended through an annual renewal as stipulated in Part B (Standard Terms – Guarantee Facility), cash in an amount equal to 105% of the aggregate amount available to be drawn under issued and outstanding Guarantees shall be deposited with the Bank no later than 7 days prior to the then applicable Maturity Date. Any unused commitment under the Guarantee Facility will terminate at the then applicable Maturity Date. In the event that cash has been deposited into the Cash Collateral Account (as defined below) as a result of the foregoing, the Guarantee Commission shall be reduced to 0.30% p.a. Cash deposited shall be held in an account with the Bank (the “Cash Collateral Account”), which account shall be pledged to the Bank and Guarantee Issuer as security for the Customer’s obligations under to the Agreement. The Cash Collateral Account shall be blocked for withdrawals by the Customer and accrue interest in accordance with prevailing market terms for similar accounts. Upon termination of all issued and outstanding Guarantees, satisfactory settlement of Customer’s obligations under the Agreement and termination of the Agreement in whole, any remaining balance in the Cash Collateral Account shall be returned to the Customer together with accrued interest thereon. Funds held in the Cash Collateral Account shall be available to the Bank and the Guarantee Issuer for reimbursement of claims paid under issued Guarantees and unpaid commission, fees and reasonable charges and expenses payable under the Agreement, including, but not limited to, expenses for enforcement of the Agreement and any documents relating thereto. By signing this Agreement, we confirm that we have received all parts of the Agreement, consisting of Part A (Specific Terms — G...