Loan Administration Fee definition

Loan Administration Fee means, so long as any Advance is outstanding, (i) if no Event of Default or Unmatured Event of Default has occurred and is continuing, $50,000 per annum or (ii) if an Event of Default or Unmatured Event of Default has occurred and is continuing, $75,000 per annum, which amount shall be pro-rated for the period the Event of Default or Unmatured Event of Default continues.

Loan Administration Fee shall have the meaning provided in Paragraph 17.

Loan Administration Fee means a $250 fee charged by the Loan Servicer in consideration of administrative costs and expenses incurred by it in connection with each Loan Closing.

Examples of Loan Administration Fee in a sentence

• The Borrower shall pay the Loan Administration Fee for the following calendar year on the last Distribution Date of each calendar year.

• Borrower, the Borrower-Related Parties and Lender further agree that the Loan Expenses, the Loan Administration Fee and all other fees, expenses and charges provided for in this Agreement or any Loan Document are not, are not intended to be, and shall not be characterized as, interest or as compensation for the use, forbearance or detention of money.

• Borrower and the Borrower-Related Parties agree that Lender has provided, and shall provide, separate and distinct consideration to Borrower for the Loan Expenses, and any other fees, expenses or charges provided for in this Agreement or any Loan Document and that the Loan Expenses and the Loan Administration Fee represent bona fide, third party fees and expenses.

• The Loan Administration Fee and all Loan Expenses are assignable by the payee to any affiliate or third party.

• Borrower agrees to pay a Loan Administration Fee to the Loan Servicer at the Closing of each Loan.

More Definitions of Loan Administration Fee

Loan Administration Fee means a fee charged by Lender in consideration of administrative costs and expenses incurred by Lender in connection with each Commitment Advance hereunder.

Loan Administration Fee means, with respect to each Distribution Date, so long as any Advance is outstanding or the Borrower has the right to request an Additional Policy Advance or an Ongoing Maintenance Advance, (i) if no Event of Default has occurred and is continuing, $2,083.33 or (ii) if an Event of Default has occurred and is continuing, $4,166.66 which amount shall be pro-rated for the period the Event of Default continues.

Loan Administration Fee means the monthly fee charged for monitoring and administering any Facility that is a revolving Facility.

Loan Administration Fee means, so long as any Advance is outstanding $75,000 per annum.

Loan Administration Fee shall have the meaning set forth in Section 2.2.2.

Loan Administration Fee. On the last day of each Contract Quarter, we deduct trom a Participant's Account a Loan Administration Fee of up to $12.50 for each Plan loan ofthe Participant that remains outstanding on such day. Alternatively, we may xxxx this charge to you if you and we mutually agree. If the entire balance of a Participant Account is applied or withdrawn before the last day of the Contract Quarter pursuant to the contract, the Loan Administration Fee attributable to the period of time which has elapsed since the first day of the Contract Quarter in which such application or withdrawal of funds is made will not be deducted from the amount applied or withdrawn and will not be billed to you.

Loan Administration Fee shall have the meaning provided in the ----------------------- paragraph entitled "Affirmative Covenants".