Guaranty Fee. The Company shall pay to each Party which guarantees a Third Party Loan an annual amount equal to 1% of the averaged daily balance of the principal amount of the Third Party Loan outstanding during each Fiscal Year, which amount will be paid within 60 days after the end of each Fiscal Year.
Appears in 2 contracts
Sources: Joint Venture Agreement (Chelsea Gca Realty Inc), Joint Venture Agreement (Chelsea Gca Realty Partnership Lp)