Loan Service Fee definition

Loan Service Fee means an origination fee which shall be paid to the Department by the Local Government.

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Loan Service Fee means a fee paid by the project sponsor in an amount that ranges from two to four percent of the total loan amount less the portion of the loan for capitalized interest and shall not be included in the principal of the loan. The loan service fee shall be estimated at the time of execution of the loan agreement, revised with any increase or decrease amendment, and shall be finalized in the final loan amendment based on the total loan disbursed. The loan recipient shall pay the loan service fee from the first available repayments following the final amendment.

Loan Service Fee means an origination fee which shall be paid by the Local Borrower.

Examples of Loan Service Fee in a sentence

• The Loan Service Fee is estimated at the time of execution of the loan agreement and shall be revised with any increase or decrease amendment.

• The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the Final Amendment.

• The Loan Service Fee is based on actual Project costs and assessed in the final loan amendment.

• The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan plus the estimated Loan Service Fee and the principle of level debt service.

• After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments.

• Interest (at the Financing Rate) also shall be computed on the estimated Loan Service Fee.

• Interest also shall be computed on the unpaid balance of the Loan Service Fee.

• The Local Government shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

• After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and the Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments.

• The Project Sponsor shall pay the Loan Service Fee from the first available repayment(s) following the Final Amendment.

More Definitions of Loan Service Fee

Loan Service Fee means the “Administrative and Collateral Management Fee” (as defined in the Fee Letter). “Margin Stock” has the meaning specified in Regulation U of the Board of Governors as in effect from time to time.

Loan Service Fee means the service fee deducted at loan disbursement and is calculated as follows: (A) for wheat, feed grains, oilseeds, lentils, dry peas, chick peas, wool, mohair, peanuts, rice, and seed cotton, the smaller of ½ of 1 percent (.005) times the gross loan amount or $45 per loan plus $3 for each storage structure, warehouse receipt, rick or module, as applicable, over 1; (B) for ginned cotton, the smaller of ½ of 1 percent (.005) times the gross loan amount or $7.50 per loan plus 90 cents for each bale; (C) for sugar, $60 per loan; and (D) for distress loans, $45 per loan.

Loan Service Fee means the service fee deducted at loan disbursement and is calculated as follows: (A) for wheat, feed grains, oilseeds, lentils, dry peas, chick peas, wool, mohair, peanuts, rice, and seed cotton, the smaller of ½ of 1 percent (.005) times the gross loan amount or $45 per loan plus $3 for each storage structure, warehouse receipt, rick or module, as applicable, over 1;

Loan Service Fee means the “Administrative and Collateral Management Fee” (as defined in the Fee Letter).