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.

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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.

• Upon Borrower’s request, the Loan Administration Fee for the applicable Loan may be funded by Lender under the Loan at the Loan Closing and upon disbursement, such amount shall automatically constitute principal outstanding under the Note evidencing such Loan.

• The Loan Administration Fee for each Loan is fully earned at the Loan Closing.

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

• 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.

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, so long as any Advance is outstanding $75,000 per annum.

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

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 ▇▇▇▇ 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 has the meaning set forth in Section 2.5(b).

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