Liquidity Fees Clause Samples

Liquidity Fees. (i) Financial Intermediary agrees to promptly take such actions reasonably requested by a MMF or JPMDS, to impose, lift, or modify a liquidity fee, or assist the MMF or JPMDS in imposing, lifting or modifying a liquidity fee. (ii) If a MMF implements a liquidity fee, unless the Financial Intermediary undertakes to calculate and remit liquidity fees in accordance with the MMFs’ reasonable directions, the Financial Intermediary authorizes the MMF or JPMDS to calculate the liquidity fees owed to the MMF as a result of redemptions submitted through the Financial Intermediary (the “Fee Amount”) following the imposition of the liquidity fee and to withhold an amount equal to the Fee Amount from any redemption proceeds or other payments that the MMF owes to the Financial Intermediary in its sole discretion. (iii) Financial Intermediary may be notified by a MMF that a liquidity fee has been implemented via email, phone call, website disclosure or the filing of a supplement to the Registration Statement. To facilitate a MMF’s or JPMDS’s ability to calculate the Fee Amount, following such notification, the Financial Intermediary agrees to provide the MMF or JPMDS, before each NAV Calculation Time (as defined below), with the gross dollar amount and number of MMF shares that the Financial Intermediary’s customers tendered for redemption before the NAV Calculation Time and, if requested by the MMF, after the time at which the liquidity fee was imposed or before the time at which the liquidity fee was terminated or modified, as applicable. (iv) To the extent required under applicable law or the terms of a MMF’s Registration Statement, Financial Intermediary further agrees to promptly re-confirm with its customers their intent to execute trades submitted during the implementation of a liquidity fee. (v) Financial Intermediary acknowledges that a MMF may pay a redemption request that the MMF determines in its sole discretion has been received in good order by the MMF or its agent before the imposition of a liquidity fee, provided, however, that the MMF or JPMDS may require the Financial Intermediary to provide evidence of receipt of the redemption request in good order prior to the applicable implementation time in its sole discretion.
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Liquidity Fees a) Client (and not BBH) will be responsible for reviewing any disclosure on a MMF website providing notice to shareholders and prospective shareholders of liquidity of the MMF and when liquidity fees are imposed or lifted and Client agrees that BBH is not responsible for notifying Client of the imposition by an MMF of any such event or re-confirming Client’s intent to transact in a MMF when a liquidity fee is in effect. b) If a liquidity fee is implemented by a MMF, BBH will not be directly responsible for calculating or withholding the liquidity fee, but will apply any liquidity fee calculated and withheld by the MMF from any order as notified by the MMF or Distributor to BBH.
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Liquidity Fees. In addition to any fees and expenses payable by Borrower and/or Mortgagor to Lender on the Closing Date, Liquidity Fees equal to (i) one half of one percent (1/2%) of the then outstanding principal balance of the Loan shall be earned by Mezzanine Lender and payable by Borrower upon the twelve month anniversary of the Closing Date, and (ii) one half of one percent (1/2%) of the then outstanding principal balance of the Loan shall be earned by Mezzanine Lender and payable by Borrower upon the eighteen (18) month anniversary of the Closing Date.
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Liquidity Fees. To the Administrative Agent for the benefit of EagleFunding Capital Corporation, the Liquidity Fee due and payable to EagleFunding Capital Corporation on each Scheduled Payment Date, commencing on the first Scheduled Payment Date.
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Liquidity Fees. In addition to the fees set out in Clauses 7.1 (Upfront fees) and 7.2 (Facility fees), the Borrower shall pay to the IBLA Creditor by way of a fee (the “Liquidity Fee”) in connection with any IBLA Creditor Liquidity Facility (or part thereof) held by the IBLA Creditor from time to time and which is held by the IBLA Creditor in order to service its obligations under any Corresponding Debt in the event that the Borrower defaults on its payment obligations under this Agreement (the “Relevant Liquidity Facility”). Such Liquidity Fee shall be payable by the Borrower at such times and in such amounts sufficient to enable the IBLA Creditor to discharge: 7.3.1 the principal and interest in respect of a drawing under the Relevant Liquidity Facility or a Standby Drawing thereunder; 7.3.2 the commitment fee payable in respect of the Relevant Liquidity Facility; and 7.3.3 any increased costs payable in accordance with the Relevant Liquidity Facility.
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Liquidity Fees. Servicing Fees
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Related to Liquidity Fees

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Commitment Fee The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender under each Facility in accordance with its Pro Rata Share or other applicable share provided for under this Agreement, a commitment fee in Dollars equal to the Applicable Rate with respect to Revolving Credit Loan commitment fees, times the actual daily amount by which the aggregate Revolving Credit Commitment for the applicable Facility exceeds the sum of (A) the Outstanding Amount of Revolving Credit Loans for such Facility and (B) the Outstanding Amount of L/C Obligations for such Facility; provided that any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender, except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. The commitment fee on each Revolving Credit Facility shall accrue at all times from the Closing Date until the Maturity Date for the Revolving Credit Commitments, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date during the first full fiscal quarter to occur after the Closing Date and on the Maturity Date for the Revolving Credit Commitments. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.