Standby Fee definition

Standby Fee has the meaning defined in Section 2.7.

Standby Fee. With respect to each Mortgage Loan and each REO Loan, the fee designated as such and payable to the Special Servicer pursuant to the second paragraph of Section 3.11(c).

Standby Fee has the meaning set out in Section 3.2(a).

Examples of Standby Fee in a sentence

• The Standby Fee shall be calculated on a daily basis as the difference between (i) the principal amount of the Debentures subscribed for under the Subscription Agreement; less (ii) the principal amount of the Debentures which have been issued pursuant to the Subscription Agreement; multiplied by (iii) 365.

• On or before 11:00 a.m. (Toronto time) two Business Days before the Maturity for such Definitive Debentures and/or DRS Advices, the Issuer shall deposit in the Maturity Account by wire or other electronic transfer an amount sufficient to pay the accrued and unpaid Standby Fee (if any), principal amount of, Premium on and accrued and unpaid interest (if any) payable in respect of such Definitive Debentures and/or DRS Advices.

• If the Trustee is required to make a payment on account of any combination of the Standby Fee, principal, Premium, fees and/or interest to a Holder on the same day, the Trustee shall be permitted at its option to aggregate the applicable amounts into a single payment.

• The Trustee will pay to each Holder of such Definitive Debentures and/or DRS Advices entitled to receive payment, the accrued and unpaid Standby Fee (if any), the principal amount of, and Premium on and accrued and unpaid interest (if any) on such Definitive Debentures and/or DRS Advices, upon surrender of such Definitive Debentures and/or DRS Advices to the Trustee.

• The Issuer shall require each Paying Agent, other than the Trustee, to agree in writing that the Paying Agent will, and the Trustee when acting as Paying Agent agrees that it will, hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of the Standby Fee, principal, Premium and interest on the Debentures and shall notify the Trustee of any default by the Issuer in making any such payment.

More Definitions of Standby Fee

Standby Fee means, for any month, an amount equal to the sum obtained by adding the product of (i) 1/12, by (ii) the amount shown as the Standby Fee on the Summary of Credit Facility Structure, by (iii) the Unused Capacity.

Standby Fee has the meaning ascribed thereto in the Program Fee Side Letter;

Standby Fee means a charge, other than a tax, imposed on undeveloped property for the availability of potable water, sanitary sewer, or drainage facilities and services.

Standby Fee meaxx xxx xxx payable to the Standby Servicer so long as CPS is the Servicer, on each Payment Date in an amount equal to one-twelfth of 0.06% of the aggregate outstanding principal amount of the Securities on the last day of the second preceding Collection Period; provided, however, that on the first Payment Date the Trustee will be entitled to receive an amount equal to the product of (i) the percentage equivalent of a fraction the numerator of which is the number days from the Closing Date to but excluding the first Payment Date and the denominator of which is 360, (ii) 0.06% and (iii) the aggregate outstanding principal amount of the Securities as of the Closing Date.

Standby Fee has the meaning given to such term in Article 2. (Standby fee) of the Finance Fee Letter.

Standby Fee has the meaning specified in Section 3.5;

Standby Fee means the fee payable to the Standby Servicer so long as CPS is the Servicer calculated in the same manner, on the same basis and for the same period as the Servicing Fee is calculated pursuant to Section 3.8 based on a rate of 0.08% per annum rather than the Servicing Rate.