Interest and Fee Reserve definition

Interest and Fee Reserve means as of any date of determination, the product of:

Interest and Fee Reserve means $478,619.

Interest and Fee Reserve means, at any time, an amount equal to the sum of (a) the product of (i) the Liquidation Interest and Program Fee Percentage at such time and (ii) the Aggregate Principal Balance at such time plus (b) the product of (i) the Liquidation Servicer Fee Percentage at such time and (ii) the aggregate Outstanding Balance of all Pool Receivables at such time.

Examples of Interest and Fee Reserve in a sentence

• Interest shall be charged up to the limits thereof in the Interest and Fee Reserve.

• Interest, costs, fees, expenses and other sums charged to the Interest and Fee Reserve shall be added to the unpaid principal balance of the Loan as and when charged to the Interest and Fee Reserve.

• Upon making any Loan for interest, the Attorney Costs, the Loan Fee, or any other costs, fees, and expenses payable hereunder, the Interest and Fee Reserve, if any, shall thereupon be decreased by the amount of such Loan.

• If the amount of such costs, fees, interest, and reimbursement obligations in connection with fees, taxes (if any), and other sums payable hereunder, exceeds the amount of any remaining Interest and Fee Reserve therefor (if any), then the Borrower shall pay to the Lender, on demand, the amount of such excess in cash.

• The Interest and Fee Reserve shall be used for payment of (a) Post-Petition Interest and (b) attorneys’ fees, costs and expenses for all creditors other than the Revolver, DIP and Term Lenders (the “Non-Bank Creditors”) to the extent allowed or otherwise agreed to by Interested Parties (the “Allowed Interest and Fee Claims”).

• Upon making any Advances for interest, the applicable portion of the Interest and Fee Reserve shall thereupon be decreased by the amount of such Advance.

• To the extent that there are funds remaining in the Interest and Fee Reserve after payment of all Allowed Interest and Fee Claims of all Non-Bank Creditors, such funds shall be treated as general proceeds from the sale and administered in accordance with the PSA.

• In the event that the Interest and Fee Reserve is insufficient to pay in full the Allowed Interest and Fee Claims of Non-Bank Creditors, such creditors shall retain their right to payment in full from the Sale Proceeds and, to the extent necessary, from the Liquidated Trust Assets which are being transferred to the Trust.

• The Interest and Fee Reserve shall only be available to pay interest, Attorney Costs, the Loan Fee, the Gap Fee, the Additional Gap Fees, the Louisiana Tax Consultant Fee, the Louisiana Tax Credit CPA Fee, the costs needed to effect Delivery (as contemplated by Section 2.7 hereof), and other fees and costs payable hereunder, as appropriate, and for no other purposes.

• Interest, fees and costs relating to the Commitment shall be charged to the Interest and Fee Reserve up to the limits thereof.

More Definitions of Interest and Fee Reserve

Interest and Fee Reserve means $50,449.”

Interest and Fee Reserve means $432,838.

Interest and Fee Reserve means a reserve equal to Agent’s estimate of (a) the Servicing Fee(s) owing to Collection Agent, and (b) interest and fees owing to Agent and/or the Lenders under the Loan Documents, in both cases which will be payable by Borrower during the next two calendar months.

Interest and Fee Reserve means an initial amount equal to $1,126,006, as such reserve may be adjusted from time to time in accordance with Sections 2.2(f), 2.7 and 4.5 hereof.