Common use of Assumption Fee Clause in Contracts

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumption) an assumption fee of $297,931.54 (0.25% of the loan balance as of the Effective Date), due on the Effective Date.

Appears in 2 contracts

Sources: Assumption Agreement, Assumption Agreement (Sunstone Hotel Investors, Inc.)

Assumption Fee. As consideration for Noteholder’s 's execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree agrees to pay Noteholder or Noteholder’s 's servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 126,176.21 (0.251.00% of the loan balance as of the Effective Datebalance), due on execution of this Assumption Agreement by Noteholder (the Effective Date"Assumption Fee").

Appears in 2 contracts

Sources: Assumption Agreement, Assumption Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 [139,132.00] (0.251.00% of the loan balance as of the Effective DateLoan balance), due on the Effective Dateexecution of this Assumption Agreement by Noteholder (“Assumption Fee”).

Appears in 2 contracts

Sources: Assumption Agreement, Assumption Agreement (Steadfast Income REIT, Inc.)

Assumption Fee. As consideration for Noteholder’s 's execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree agrees to pay Noteholder or Noteholder’s 's servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 (0.25% of the loan balance as of the Effective Date), 40,000.00 due on the Effective Dateexecution of this Assumption Agreement by Noteholder.

Appears in 2 contracts

Sources: Assumption Agreement, Assumption Agreement (Inland Diversified Real Estate Trust, Inc.)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 31,725.32 (0.25.50% of the loan balance as of the Effective Datebalance), due on the Effective Dateexecution of this Assumption Agreement by Noteholder.

Appears in 1 contract

Sources: Assumption Agreement (Industrial Income Trust Inc.)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement Agreement, and in addition to any other sums due hereunder, Borrower and Assumptor agree agrees to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumption) Transaction), an assumption fee of $297,931.54 150,000.00 (0.250.5% of the current loan balance as of the Effective Datebalance), due on the Effective Dateexecution of this Assumption Agreement by Noteholder.

Appears in 1 contract

Sources: Assumption Agreement (Alpine Income Property Trust, Inc.)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree agrees to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 92,829.85 (0.25representing 1% of the loan outstanding principal balance of the Loan as of the Effective Datedate of this Assumption Agreement, the “Assumption Fee”), due on the Effective Date.

Appears in 1 contract

Sources: Assumption Agreement (Lodging Fund REIT III, Inc.)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 (0.25% of the loan balance as of the Effective Date)25,000.00, due on the Effective Dateexecution of this Assumption Agreement by Noteholder.

Appears in 1 contract

Sources: Assumption Agreement (AmREIT, Inc.)

Assumption Fee. As consideration for Noteholder’s 's execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree agrees to pay Noteholder or Noteholder’s 's servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 141,317.56 (0.25representing 1% of the loan outstanding principal balance of the Loan as of the Effective Datedate of this Assumption Agreement), due on the Effective Date.

Appears in 1 contract

Sources: Assumption Agreement (Whitestone REIT)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 175,000.00 (0.250.5% of the loan balance as of the Effective Datebalance), due on the Effective Dateexecution of this Assumption Agreement by Noteholder.

Appears in 1 contract

Sources: Assumption Agreement (Pebblebrook Hotel Trust)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 33,287.00 (0.25representing 1% of the loan outstanding balance of the Loan as of the Effective Datedate of this Assumption Agreement), due on the Effective Date.

Appears in 1 contract

Sources: Assumption Agreement (Netreit, Inc.)

Assumption Fee. As consideration for Noteholder’s execution of this Assumption Agreement and in addition to any other sums due hereunder, Borrower and Assumptor agree to pay Noteholder or Noteholder’s servicer(s) (all as set forth in the escrow instructions to be executed in connection with the closing of the Assumptionthis assumption) an assumption fee of $297,931.54 210,000.00 (0.250.5% of the loan balance as of the Effective Datebalance), due on the Effective Dateexecution of this Assumption Agreement by Noteholder.

Appears in 1 contract

Sources: Assumption Agreement (Pebblebrook Hotel Trust)