Guarantee Fee Sample Clauses

Guarantee Fee. In the event that any Member of the Company or its Affiliates provide a guarantee of any indebtedness of the Company which is acceptable to and required by the Company's lenders ("Guarantor Members") and such guarantees are not provided on a pro rata basis by all other Members of the Company (the "Nonguarantor Members"), then the Guarantor Members shall be paid an annual guarantee fee equal to (a) the amount of such indebtedness which is guaranteed by the Guarantor Members or its Affiliates, multiplied by (b) .0075, multiplied by (c) the percentage Membership Interest in the Company owned by the Nonguarantor Members (the "Guarantee Fee"). The Guarantee Fee shall be paid quarterly and the expense thereof shall be allocated to the Nonguarantor Members as follows:
AutoNDA by SimpleDocs
Guarantee Fee. The Borrower shall pay a guarantee fee (the “Guarantee Fee”), to the RUS for deposit into the Rural Economic Development Subaccount maintained under Section 313(b)(2)(A) of the RE Act.
Guarantee Fee. (a) Rates in general. (1) For annual pe- riods, beginning with the date of the Security Agreement and prior to the delivery date of a Vessel or Shipyard Project, we shall charge a Guarantee Fee set at a rate of not less than 1⁄4 of 1 percent and not more than 1⁄2 of 1 per- cent of the excess of the average prin- cipal amount of the Obligations esti- mated to be outstanding during the an- nual periods covered by said Guarantee Fee over the average principal amount, if any, on deposit in the Escrow Fund during said annual period (Average Principal Amount of Obligations Out- standing).
Guarantee Fee. The fee described in Section 7.1 of this Rider charged for Our guarantees under this Rider.
Guarantee Fee. In consideration for the Guarantor's consenting to guarantee and pay the Obligations and provide its indemnity hereunder, the Bank shall pay to the Guarantor at the time of each Interest Payment Date under the Omolon Facility a fee equal to the Guaranteed Percentage of 5.325% per annum applied to the average daily outstanding principal balance of Loans during the period ending on such date, subject to the Bank's receipt in full and free transferability of all amounts owed to it on such date under the Omolon Facility and the amounts due hereunder.
Guarantee Fee. (a) The Intermediary shall pay to the Counterparty (for the account of the Guarantors) on any Guarantee Fee Payment Date an amount equal to the Guarantee Fee Amount. The Intermediary shall calculate the Guarantee Fee Amount and notify the Counterparty of such amount no later than on the Guarantee Fee Payment Date. This calculation shall not constitute conclusive evidence of the matters to which it relates.
Guarantee Fee. Neither the Manager nor any of its Affiliates is obligated to guaranty, be personally liable upon, or to pledge assets to secure, any indebtedness that may be incurred by the Company. If, however, any such Person guarantees, becomes personally liable upon, or pledges its own assets to secure payment of, any indebtedness of the Company, the Company shall pay to such Person an annual guaranty fee equal to 1% of the higher of (i) the amount of such guaranteed indebtedness on the first day of the Fiscal Year or (ii) the highest outstanding amount of such guaranteed indebtedness at any time during the Fiscal Year; provided, however, that notwithstanding the foregoing, if such Person pledges assets to secure, but does not otherwise become personally liable upon, such indebtedness, the amount of the annual guarantee fee shall in no event exceed 1% of the fair value of the assets pledged to secure such indebtedness, as along as such pledge remains in effect. Such fee shall be payable no later than the January 15 of each Fiscal Year and, if at any time during the year the amount of the guaranteed indebtedness exceeds the level of such guaranteed indebtedness as of January 1 of such Fiscal Year, the additional fee due to the guarantor, as a result of this additional exposure to the guarantor, shall be paid to the guarantor no later than January 15 of the following Fiscal Year.
AutoNDA by SimpleDocs
Guarantee Fee. The recipient of a loan guarantee under sub- section (b) shall pay the Secretary an amount determined by the Secretary to be sufficient to cover the administrative costs of the Secretary relating to the loan guarantee.
Guarantee Fee. So long as Executive (A) is named as a guarantor (either directly or indirectly through a guarantee given by Executive to Trilogy Mortgage Holdings, Inc. (“Trilogy”) in support of a guarantee by Trilogy of the Employer or one of its Subsidiaries), or (B) provides collateral (whether directly or to Trilogy in support of a collateral obligation of Trilogy) which continues to be held as security, on any funding arrangement pursuant to which one or more lenders, conduit or special purpose vehicles and other financial institutions provide the Employer or one of its Subsidiaries debt financing to purchase, originate, sell, securitize, carry, service or maintain mortgage loans or other financial assets or servicing rights (the “Guaranteed Warehouse Facilities”), then Executive shall receive an amount equal to (a) the product of (i) (x) 0.5% for the period from the date hereof through the end of calendar year 2010, (y) 0.3% for calendar year 2011, and (z) 0.1% for calendar year 2012, and (ii) the average daily outstanding advances under all Guaranteed Warehouse Facilities, divided by (b) the actual number of days elapsed in the applicable period of determination (the “Guarantee Fee”). In the event that Executive provides (directly or indirectly through support of a Trilogy obligation) only a limited guaranty or partial security under any Guaranteed Warehouse Facility (the “Limited Guaranty”), then the foregoing clause (ii) shall, on each day during the relevant measuring period, be equal to the lesser of (I) the average daily outstanding advances under all Guaranteed Warehouse Facilities for each quarter period during such calendar year, or (II) the amount of the Limited Guaranty in effect for such day. Within five (5) business days following the end of each quarter for which the Guarantee Fee is payable, Employer shall pay to Executive the product of the Guarantee Fee and the actual number of days in such quarter (provided, that for the period ended March 31, 2010, the number of days shall be measured from the date hereof). In the event that during any period in which the Guarantee Fee is due, Executive’s guaranty or collateral is (A) reduced, then the Guarantee Fee shall be calculated to take such reduced amount into account over the period in which the reduction was in effect or (B) terminated, then the portion of the Guarantee Fee attributable to the terminated guaranty or the returned collateral shall only be paid through the date of such guaranty termination...
Guarantee Fee. In the event that any Partner of the Partnership or its Affiliates or MedCath Incorporated provide a guarantee of any indebtedness of the Partnership which is acceptable to and required by the Partnership's lenders ("Guarantor Partners") and such guarantees are not provided on a pro rata basis by all other Partners of the Partnership (the "Nonguarantor Partners"), then the Guarantor Partners shall be paid an annual guarantee fee equal to (a) the amount of such indebtedness which is guaranteed by the Guarantor Partners, multiplied by (b) .0075, multiplied by (c) the percentage Partnership Interest in the Partnership owned by the Nonguarantor Partners (the "Guarantee Fee"). The Guarantee Fee shall be paid quarterly and the expense thereof shall be allocated to the Nonguarantor Partner as follows:
Time is Money Join Law Insider Premium to draft better contracts faster.