Common use of Assumption Fee Clause in Contracts

Assumption Fee. Payment to Lender of an assumption fee equal to one half of one percent (0.5%) of the then outstanding principal balance of the Note, but not less than Fifteen Thousand and No/100 Dollars ($15,000);

Assumption Fee. Payment to Lender of an assumption fee equal to one half of one percent (0.5.5%) of the then outstanding principal balance of the Note, but not less than Fifteen Thousand and No/100 Dollars ($15,000);