Repricing Fee definition

Repricing Fee means the fee paid / to be paid by the Borrower to the Lender if the Borrower requests the Lender for change in the Interest Rate applicable to the Borrower in accordance with the provisions of Clause4 of this Agreement;

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Repricing Fee means the fee paid / to be paid by the Borrower to the Non-Bank Financial Institution if the Borrower requests the Non- Bank Financial Institution for change in the Rate of Interest applicable to the Borrower and as described in Article 2.2(g) (Interest and Rate of Interest) of this Agreement. Provided that the levying of such Repricing Fee on the Borrower in the circumstances stated hereinabove shall be subject to the sole and absolute discretion of the Non-Bank Financial Institution.

Repricing Fee has the meaning specified in Section 2.18.

Examples of Repricing Fee in a sentence

• Such Repricing Fee shall be intimated by the Lender every time the Borrower makes a request for change in the applicable Interest Rate.

• The Repricing Fee shall be determined by the Lender, from time to time, at its sole discretion.

• Such Repricing Fee cannot be intimated by the Bank every graduate the Borrower makes a peril for silence in bounce Rate what Interest.

• Commitment Reductions: The Senior Credit Facilities may be prepaid voluntarily in whole or in part at any time pursuant to provisions of the Credit Agreement substantially consistent with the provisions of the Existing Bank Credit Documentation, without prepayment premium other than the Repricing Fee as defined below.

• The Senior Credit Facilities may be prepaid voluntarily in whole or in part at any time pursuant to provisions of the Credit Agreement substantially consistent with the provisions of the Existing Bank Credit Documentation, without prepayment premium other than the Repricing Fee as defined below.

• In the event that any Applicable Margin, fee or premium applicable to the Term B Loans is reduced prior to the first anniversary of the Effective Date, on the date such reduction becomes effective, the Borrower shall pay to each Term B Lender an amount equal to 1.00% of such Lender's Ratable Portion of the aggregate principal amount of the Term B Loans then outstanding (the "Repricing Fee").

• The rate at which the Repricing Fee will be paid shall be determined by the Non-Bank Financial Institution, from time to time, at its sole discretion.

• Such Repricing Fee shall be intimated by the Non-Bank Financial Institution every time the Borrower makes a request for change in the Rate of Interest.

• The Lender, at its sole discretion but without being bound to do so, may at the request of the Borrower and on payment of a Repricing Fee by the Borrower permit the Borrower to change the applicable Interest Rate, with effect from a prospective date acceptable to the Lender.

• Any changes in charges (Interest, Re-pricing Fee, etc.)/ terms of the Agreement shall be notified within the prescribed regulatory timeframe of the decision through any of the following modes of communication: i.

More Definitions of Repricing Fee

Repricing Fee means the fee paid / to be paid by the Borrower(s) to the Bank if the Borrower(s) requests the Bank for change in the Rate of Interest applicable to the Borrower and as described in Clause 3 of this Agreement. Provided that the levying of such Repricing Fee on the Borrower(s) in the circumstances stated ▇▇▇▇▇▇▇▇▇▇▇ shall be subject to the sole and absolute discretion of the Bank. RERA Act: – Real Estate (Regulation and Development) Act 2016 RBI means Reserve Bank of India Sanction Letter means a letter issued by the Bank conveying the sanctioning of the Loan to the Borrower(s) and shall be read in terms of and in conjunction with this Agreement. Secured Asset means and includes both Primary security charged (the immovable Property/properties against which the loan has been sanctioned) and the additional security offered for the loan with all subsequent developments, constructions, improvements and additions to it, till the settlement of the loan. Schedule means and includes Schedule forming part of this Agreement and any other Schedules executed by the parties herein. Semi Fixed Rate Loan means a loan whereby the rate of interest offered is directly linked to the TBLR and (a) remains fixed for an initial tenure and (b) subsequently becomes variable after completion of the initial tenure. Standing Instructions or SI or Standing Order or Auto debit instructions means the instruction given by the Borrower (s) or Co - Borrower (s) to appropriate the funds in the Bank’s favour from the account maintained by them with the Bank for the recovery of the monthly instalments payable under this Agreement. Treasury ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ linked Lending Rate (TBLR) means reference rate for Variable Interest Rate Loans which is linked to Government of India Treasury Bill benchmark rate published by the Financial Benchmarks India Private Limited (FBIL) or any other benchmark administrator (as designated by the Reserve Bank of India) from time to time. The tenor of the Treasury Bill applicable will be as detailed in the Schedule I of this Agreement. The TBLR will be determined based on the rate published by FBIL on a predetermined date as detailed in Schedule I. In the event predetermined date is not a Business Day, then the immediately succeeding Business Day’s rate will be used. The TBLR as arrived at above will be published by the Bank and shall act as the reference rate for determining the applicable Rate of Interest payable on the Loan.

Repricing Fee has the meaning set forth in Section 2.13(e) (Fees).