Loan Collection Fee definition
Loan Collection Fee means the fee, in the amount of $100 per Unit subscribed for, which the Lender or the General Partner, as the case may be, may, in its sole discretion, in the case of the General Partner, in its own capacity or as a collection agent for the Lender, charge to Unit Holders who have obtained a Unit Loan who fail to pay any portion of the Loan Maintenance Fees or any annual interest payable under any Unit Loans outstanding;