Common use of Additional Commitment Fee Clause in Contracts

Additional Commitment Fee. In the event the Maximum Revolver Amount is increased from $10,000,000 to $15,000,000, at the time of such increase, Borrower shall pay to Bank an additional fully earned, non-refundable commitment fee of $25,000.

Appears in 1 contract

Sources: Loan Agreement (Netlist Inc)

Additional Commitment Fee. In the event the Maximum Revolver Amount is increased from $10,000,000 to $15,000,000, at the time of such increase, Borrower shall pay to Bank an additional fully earned, non-refundable commitment fee of $25,000. This is the same Additional Commitment Fee set forth in that certain Amendment to Loan Agreement dated September 30, 2010 by and between Borrower and Bank.

Appears in 1 contract

Sources: Loan Agreement (Netlist Inc)