Stand-By Fee definition
Examples of Stand-By Fee in a sentence
The parties acknowledge that the payment of such Stand-By Fee shall be expressly excluded from the Current Account mechanism.
The Stand-By Fee shall be calculated by SENN based on the Change Order request.
The Eden Crossing Stand-By Fee shall be payable monthly in arrears, on the first Business Day of each calendar month from and including September 1, 1996 to the earlier to occur of (i) the Eden Crossing Closing Date, (ii) closing of the Eden Closing Substitution Transaction, or (iii) the Eden Crossing Commitment Termination Date.
The maximum amount of such Stand-By Fee shall be equal to, for the first year following the Amendment Date, €300,000 (exclusive of VAT) (for the up-front part), and €350,000 per annum (exclusive of VAT) (for the on-going part) and, if different, shall afterwards be agreed on or about each anniversary date of such Amendment Date between the Purchaser and the Stand-By Servicer.
As compensation for performing its obligations under this Agreement, the Company has agreed to pay to the Standby Guarantor a fee (the "Stand-By Fee") equal to 3.0% of the aggregate Subscription Price to be paid for the Rights Shares to be issued pursuant to the Rights Offering, which Stand-By Fee may be paid by the Company to the Standby Guarantor in cash or, if agreed to by the Company and the Standby Guarantor prior to the Closing, in Common Shares.
Stand-By Fee (formerly known as Lease Premium Payment) $3.75 million quarterly payment owed by GM under Section 3.9 of the U.S. Consumer Agreement from 2009 through 2014, but only to the extent of the amount of such obligations not in excess of the Canadian exclusivity fees owed by GMAC Canada Limited to GM Canada Limited under the Canada Consumer Agreement.
Any arrears on the payment of the Stand-By Fee shall bear interest, computed daily, on the daily balance thereof on a Prime Rate Basis, from the date it becomes due up to and including the day preceding the day of the payment in full thereof.
The Parties acknowledge that the payment of such Stand-By Fee shall be expressly excluded from the Current Account mechanism.
For greater certainty, the number of Common Shares to be issued by the Company under this Section 3.5 in satisfaction of any portion of the Stand-By Fee chosen by the Company to be paid in Common Shares ("Consideration Shares") shall be calculated based on a price equal to the Subscription Price.
The Stand-By Fee shall be payable quarterly, in arrears, on the third Business Day of each fiscal quarter of the Borrower, the first such payment of the Stand-By Fee becoming due and payable on September 28, 2005.