Loan Trailing Fee definition

Loan Trailing Fee has the meaning assigned thereto in Exhibit B hereof.
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Loan Trailing Fee means, with respect to a Loan, a fee equal to the product of (a) the Loan Trailing Factor, (b) [***] and (c) a fraction, the numerator of which is the number of calendar days in the month to which such payment relates and the denominator of which is the number of calendar days in the year that includes such month.
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Loan Trailing Fee shall have the meaning set forth in Schedule 2, section (i).
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Examples of Loan Trailing Fee in a sentence

  • In connection with this Agreement, Indenture Trustee shall pay Successor Servicer the Successor Servicing Fees; provided, that to the extent applicable, Successor Servicer shall pay any Loan Trailing Fee received by Successor Servicer (i) to the extent PFL is a going concern at the time of receipt of such Loan Trailing Fee, to Servicer, and (ii) otherwise, to Bank, in each case, within five (5) Business Days of receipt thereof.

  • For the avoidance of doubt, no Loan Trailing Fee shall be payable with respect to any Select Loan while such Select Loan is held by Bank.

  • The Purchase Price with respect to a Select Loan is equal to (i) the [***] of (A) [***], (B) [***] and (C) [***], together with (ii) the agreement under this Agreement to pay the Loan Trailing Fee.

  • The prior quarter gain on sale of loans also included a one time adjustment of $2.3 million for the establishment of a Loan Trailing Fee asset.Non-interest Expense Non-interest expense was $8.7 million for the first quarter of 2023, compared to $10.2 million for the prior quarter and $9.0 million for the prior year period.

  • The decrease from the prior year period was mainly due to a reduction in gain on sale of loans primarily attributable to the gain on sale of loans recorded in the prior year period to establish a new Loan Trailing Fee Asset of approximately $2.3 million and the Company’s increased retention of the guaranteed portion of SBA loans the Company originates to increase interest income which resulted in a corresponding decrease in gain on sale income.

  • The Purchase Price with respect to a Select Loan is equal to (i) the [***] of (A) [***], (B) [***] and (C) [***] together with (ii) the agreement under this Agreement to pay the Loan Trailing Fee.


More Definitions of Loan Trailing Fee

Loan Trailing Fee shall have the meaning set forth in Schedule 2 to the Asset Sale Agreement.
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Related to Loan Trailing Fee

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Ticking Fee has the meaning specified in Section 2.09(b).

  • Utilization Fee has the meaning assigned to such term in Section 2.11(b).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Hire Fee the hire fee specified in Item 13.

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Original Loan-to-Value Ratio With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value of the related Mortgage Property.

  • Handling Fee means the fee payable per Ticket transaction or order, charged in addition to the Face Value of the Ticket, for the processing and delivery of Tickets in that transaction or order (including United Kingdom value added tax thereon);

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 0.000% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 0.000% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 0.000% -------------------------------- ----------------------------- Level 6 Lower than Level 5 0.000% -------------------------------- -----------------------------

  • Facing Fee shall have the meaning provided in Section 3.01(c).

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Current Loan-to-Value Ratio The Principal Balance of a Mortgage Loan as of the applicable date of substitution divided by the Appraised Value.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Loan to Value means, at any time, expressed as a percentage, the ratio of:

  • Loan-to-Value Ratio With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Usage Fee means the subscription fees to be paid by the Agency for ongoing access to Services.

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Tipping Fee means a fee or support price determined by the local authorities or any state agency authorised by the State government to be paid to the concessionaire or operator of waste processing facility or for disposal of residual solid waste at the landfill ;