Surety Fee definition
Surety Fee means, as of any Settlement Date, the premiums due to the Surety Provider, as calculated pursuant to the Premium Letter.
Surety Fee. The insurance premium payable to the Bond Insurer, consisting of an initial fee as specified in the Commitment Letter relating to the Surety Bond payable on the Closing Date and an annual payment in advance, commencing with the Payment Date on September 20, 1998 in an amount equal to the sum of the applicable surety amounts and the applicable percentages for each Funding Owner, as specified in the Commitment Letter relating to the Surety Bond.
Surety Fee means the fee in the amount of $1,200 per Limited Partnership Interest, as described in the Private Offering Memorandum.
Examples of Surety Fee in a sentence
The purchaser of such Limited Partnership Interests will receive a rebate of the selling commission and a pro rata share of the due diligence fee, and will not pay the Surety Fee with respect to such Limited Partnership Interests.
Surety Fee Amount: In my opinion the principal appears to have the financial management/technical abilities to successfully complete this contract.