Lender fee definition
Examples of Lender fee in a sentence
For its services, Servicer shall earn a monthly servicing fee, which is set forth on Fee Schedule, plus additional Lender fee per month which is set forth on Fee Schedule, billed equally to Lenders or to Client as agreed per loan for each and every loan in the Servicer’s system that was submitted as delinquent.
Accrued Lender fee must be paid six-monthly in arrear at the same time as accrued interest is payable under this Agreement.
Borrowers shall have paid all fees and expenses due and owing in connection with this First Amendment, including, without limitation, a Lender fee payable to each Lender that delivers an executed counterpart of this First Amendment on or prior to the First Amendment Effective Date in the amount equal to 75 basis points of such Lender’s Revolving Commitment on the First Amendment Effective Date (after giving effect to the amendment set forth herein).
At the time of funding of the Loan and at all times thereafter until full and final payment of the Loan has been made to Lender, fee simple title to the Property is owned by Borrower free and clear of all liens, claims, encumbrances, covenants, conditions and restrictions, security interests and claims of others, except for the Permitted Exceptions.
Borrowers shall pay to Agent for the benefit of Lenders the fees set forth in the Lender fee letter dated as of the date hereof between Agent and Borrowers.