Example ContractsClausesDeferred Revolving Loan Origination Fee
Deferred Revolving Loan Origination Fee
Deferred Revolving Loan Origination Fee contract clause examples

Origination Fee. Borrower shall pay Lender a fully-earned and non-refundable origination fee equal to twenty five one hundredths percent (0.25%) of the Maximum Amount, which fee shall be due and payable on or before the Closing Date and will be less any amounts that have been prepaid by Borrower to Lender prior to the Closing Date including, but not limited to, the origination fee paid by Borrower to Lender.

Origination Fee. Contemporaneous with Borrowers execution of this Agreement, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Term Loans on the Closing Date, a fee in an amount equal to $100,000. All fees payable pursuant to this paragraph shall be deemed fully earned when due and payable and non-refundable as of the Closing Date.

Origination Fee. Contemporaneous with Borrowers execution of the Original Credit Agreement, Borrowers paid to Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to the aggregate amount of the Term Loan Commitment as in effect on the Original Closing Date multiplied by one half of one percent (0.5%). All fees paid pursuant to this

[Section 2.2(f)] (Deferred Revolving Loan Origination Fee). [Section 2.2(f)] of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Deferred Revolving Loan Origination Fee. If Lenders’ funding obligations in respect of the Revolving Loan Commitment under this Agreement are terminated by, or at the request of, Borrowers on or prior to the third anniversary of the Closing Date in accordance with the terms of this Agreement, Borrowers shall pay to Agent on the date of such reduction, for the benefit of all Lenders committed to make Revolving Loans on the Closing Date, a fee (the “Deferred Revolving Loan Origination Fee”) as compensation for the costs of such Lenders being prepared to make funds available to Borrowers under this Agreement, equal to an amount determined by multiplying the amount of the Revolving Loan Commitment so terminated or permanently reduced by the following applicable percentage amount: # three percent (3.0%) for the first year following the Closing Date, # two percent (2.0%) for the second year following the Closing Date, # one percent (1.0%) for the third year following the Closing Date, and # zero percent (0%) following the third anniversary of the Closing Date. All fees payable pursuant to this paragraph shall be deemed fully earned on the Closing Date and non-refundable once paid.

Origination Fee. Borrower agrees to pay Lender a non-refundable loan origination fee in the amount of $18,250.00 (the “Origination Fee”) upon or prior to execution of this Agreement. Borrower and Lender recognize and agree that the Origination Fee # is not a charge for the use of money, but rather a purchase of the right to secure a loan of money on the part of Borrower; and # is a material inducement for Lender to make the Loan and for having Lender ready, willing and able to fund the Loan in accordance with the terms of this Agreement. Borrower’s payment of the Origination Fee to Lender is and shall be in addition to all other payments (including without limitation principal and interest) now or hereafter payable to Lender pursuant to the terms and conditions of the Note or the other Loan Documents.

Deferred Revolving Loan Origination Fee. If Lenders' funding obligations in respect of the Revolving Loan Commitment under this Agreement terminate for any reason (whether by voluntary termination by Borrowers, by reason of the occurrence of an Event of Default or otherwise) prior to the Commitment Expiry Date, Borrowers shall pay to Agent, for the benefit of all Lenders committed to make Revolving Loans on the Closing Date, a fee as compensation for the costs of such Lenders being prepared to make funds available to Borrowers under this Agreement, equal to an amount determined by multiplying the Revolving Loan Commitment by the following applicable percentage amount: # three percent (3.0%) for the period commencing on the Closing Date and ending on the first anniversary of the Closing Date, # two percent (2.0%) for the period commencing on the first anniversary of the Closing Date and ending on the second anniversary of the Closing Date, # one percent (1.0%) for the period commencing on the second anniversary of the Closing Date and ending one hundred eighty (180) days prior to the Commitment Expiry Date, and # zero percent (0%) thereafter. All fees payable pursuant to this paragraph shall be deemed fully earned and non-refundable as of the Closing Date.

Deferred Revolving Loan Origination Fee. If Lenders’ funding obligations in respect of the Revolving Loan Commitment under this Agreement terminate for any reason (whether by voluntary termination by Borrowers, by reason of the occurrence of an Event of Default or otherwise, except with respect to a termination pursuant to the applicable provisions of [Section 2.1(c)] above), Borrowers shall pay to Agent, for the benefit of all Lenders committed to make Revolving Loans

Origination Fee. Borrower shall pay to SWK, for its own account, a fee (the “Origination Fee”) in the amount of $187,500, which Origination Fee shall be deemed fully earned and non-refundable on the Closing Date and which, at the option of the Borrower, may be net-funded on the Closing Date.

Origination Fee. On the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Term Loans on the Closing Date in accordance with their Pro Rata Shares, a fee in an amount equal to the aggregate amount of all Term Loan Tranche 1 Commitments multiplied by one quarter of one percent (0.25%). On the date each Term Loan Tranche 2 Loan, Term Loan Tranche 3, and Term Loan Tranche 4 is funded, Borrowers shall pay Agent, for the benefit of all Lenders committed to make the applicable Term Loan on the date of such borrowing, in accordance with their Pro Rata Shares, a fee in an amount equal to the aggregate amount of all the Term Loan Tranche 2 Commitments, Term Loan Tranche 3 Commitments or Term Loan Tranche 4 Commitments (as applicable) multiplied by, in each case, one quarter of one percent (0.25%) All fees payable pursuant to this paragraph shall be deemed fully earned when due and payable and non-refundable as of the Closing Date or, as applicable, the date on which the Term Loans are borrowed.

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