Common use of Closing Fee Clause in Contracts

Closing Fee. On or prior to the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paid.

Appears in 5 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

AutoNDA by SimpleDocs

Closing Fee. On or prior to the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable non-refundable closing fee (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paid.

Appears in 4 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers shall pay to the Agent for the account ratable benefit of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee in the amount of $168,570 less the Commitment Fee in consideration of making the Loans hereunder, which fee shall be fully earned and non-refundable as of the Effective Date (collectively, the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paid).

Appears in 2 contracts

Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable non-refundable closing fee (the "Closing Fee") equal to $2,100,0002.0% of the Total Commitments, which shall be deemed fully earned when paidon the Effective Date.

Appears in 1 contract

Samples: Financing Agreement (Modtech Holdings Inc)

Closing Fee. On or prior (a) Borrowers hereby agree to the Closing Date, the Borrowers shall pay to the Agent Agent, for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee in respect of the Revolving Loans (the "“Revolving Loans Closing Fee") in an amount equal to $2,100,000180,000, which shall be deemed Revolving Loans Closing Fee is fully earned when paidand due and payable in cash on the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Teletouch Communications Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers Borrower shall pay to the Agent Agent, ----------- for the account benefit of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee in an amount equal to $250,000 (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paid).

Appears in 1 contract

Samples: Loan and Security Agreement (Tower Air Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with Lenders a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") in an amount equal to $2,100,0001,500,000, which fee shall be deemed fully earned when paiddue and payable in full on the Closing Date.

Appears in 1 contract

Samples: Term Loan Agreement (Colt Defense LLC)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers shall pay to the Administrative Agent for the account of the Lenders, in accordance with a written agreement among the Agent Agents and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,0005,600,000, which shall be deemed fully earned when paid.

Appears in 1 contract

Samples: Financing Agreement (Patriot National, Inc.)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers Borrower shall pay to the Agent Agent, for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,000, which 575,000. The Closing Fee shall be deemed fully earned when paidnon-refundable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alon USA Energy, Inc.)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the such Lenders, a non‑refundable non-refundable closing fee (the "Closing Fee") equal to $2,100,000500,000, which shall be deemed fully earned when paid.

Appears in 1 contract

Samples: Financing Agreement (Elgar Holdings Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers Borrower shall pay to the Agent for the account of the Lenders, in accordance with Lenders a written agreement among the Agent and the Lenders, a non‑refundable nonrefundable closing fee (the "Closing Fee") equal to $2,100,000, 225,000 which shall be deemed fully earned when paid.

Appears in 1 contract

Samples: Financing Agreement (Cannondale Corp /)

Closing Fee. On or prior to In consideration of the Closing DateTerm Loan Commitments by the Lenders hereunder, the Borrowers shall Borrower agrees to pay to the Agent for the account ratable benefit of the Lenders, in accordance with Lenders a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") in an amount equal to $2,100,000, which 15,625. The Closing Fee shall be deemed payable and fully earned when paidon the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Lacrosse Footwear Inc)

Closing Fee. On or prior The Borrowers agree to pay to the Agent, for the account of each Lender, a closing fee equal to 0.50% of the Commitments of each Lender provided to the Borrowers on the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing which fee (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paidin full and paid on the Closing Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Varex Imaging Corp)

Closing Fee. On or prior to the Closing Date, the Borrowers Borrower shall pay to the Agent for the ratable account of the Lenders, in accordance with Lenders a written agreement among the Agent and the Lenders, a non‑refundable one time non-refundable closing fee (the "Closing Fee") equal to of $2,100,000, which shall be deemed fully earned when paid200,000.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers shall pay to the Administrative Agent for the account of the Lenders, Lenders in accordance with a written agreement among the Agent and the Lenders, such Lenders a non‑refundable non-refundable closing fee (the "Closing Fee") equal to $2,100,000, 600,000 which shall be deemed fully earned when paid.

Appears in 1 contract

Samples: Financing Agreement (Outsource International Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers shall pay to Agent (or to the Agent Lenders, as may be directed at the Closing Date) for the account of the Lenders, in accordance with Lenders a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") in an amount equal to $2,100,0001,050,000, which fee shall be deemed fully earned when paiddue and payable in full on the Closing Date.

Appears in 1 contract

Samples: Term Loan Agreement (Colt Finance Corp.)

Closing Fee. On or prior to the Closing Date, the Borrowers The Borrower shall pay to the Agent Agent, for the account ratable benefit of the Lenders, in accordance with a written agreement among the Agent and the Revolving Credit Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,000, which 3/8 of 1% of the Total Commitments. This fee shall be deemed fully earned when paiddue and payable on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (United Capital Corp /De/)

Closing Fee. On or prior to The Borrowers will pay the Closing DateAgent, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among on the Agent and the LendersRestatement Closing Date, a non‑refundable closing fee (the "Closing Fee") equal to in the amount of $2,100,000725,000. The Borrowers, which the Lenders and the Agent agree that the Closing Fee shall be deemed financed by the Lenders as Revolving Loans and shall be fully earned when paidby the Lenders on the Restatement Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

Closing Fee. On In addition any other fee or prior expense to be paid by the Closing DateBorrower, the Borrowers Borrower shall pay to the Agent Agent, for the account benefit of the Lenders, in accordance with a written agreement among "Closing Fee" of $100,000, which has been fully earned by the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paidpayable by the Borrower as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Dog Holdings Inc)

AutoNDA by SimpleDocs

Closing Fee. On or prior The Borrowers agree to the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to in the amount of $2,100,000, which 150,000 for the ratable account of the Lenders. The Closing Fee shall be deemed fully earned when paidon payment. The Agent, the Lenders and the Borrowers agree that the Closing Fee shall be paid pursuant to Section 4.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

Closing Fee. On or prior Borrower shall pay to Agent, for the account of Lenders, a closing fee of $30,000, which shall be fully earned and (except to the extent otherwise required by Applicable Law) nonrefundable on the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paidpaid concurrently with the initial Loan hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Industrial Data Systems Corp)

Closing Fee. On or prior to the Closing Date, the Borrowers shall The Borrower will pay to the Agent for the account benefit of the Lenders, in accordance with Lenders on the Closing Date a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to in the amount of Two Hundred Fifty-Five Thousand Dollars ($2,100,000, which 255,000). The Closing Fee shall be deemed fully earned when paidon the Closing Date and shall not be subject to rebate or return, in whole or in part under any circumstances.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Cyalume Technologies Holdings, Inc.)

Closing Fee. On or prior to the Closing Date, the Borrowers Borrower shall pay to the Agent Agent, ----------- for the account benefit of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee in an amount equal to $100,000 (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paid).

Appears in 1 contract

Samples: Loan and Security Agreement (Tower Air Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers shall pay to the Agent Agent, for the account of the Lenders, each Lender in accordance with a written agreement among the Agent and the Lendersits Applicable Percentage, a non‑refundable closing one-time fee (the "Closing Fee") in an amount equal to $2,100,000, which 50,000 (the “Closing Fee”). The entire Closing Fee shall be deemed fully earned when paidon the Closing Date and shall not be refundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement

Closing Fee. On or prior to the Closing Date, A closing fee shall be due and payable by the Borrowers shall pay to the Agent for the account of the Lenders, Lenders in accordance with a written agreement among full on the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") Date in an amount equal to $2,100,000, which shall be deemed fully earned when paid25,000.00 (the “Closing Fee”).

Appears in 1 contract

Samples: Loan and Security Agreement (FS Credit Real Estate Income Trust, Inc.)

Closing Fee. On or prior to the Closing Date, the The Borrowers shall pay to the Agent Agent, for the account ratable benefit of the Lenders, in accordance with a written agreement among on the Agent and the LendersClosing Date, a non‑refundable closing fee in the amount of $1,000,000 (the "Closing Fee") equal to $2,100,000, which ). The Closing Fee shall be deemed fully earned when paidpaid in the form of interest payable in kind and added to the principal balance of Term Loan B as of the Closing Date. Thereafter, such amount shall be treated as principal for all purposes (including the accrual of interest thereon).

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers shall Borrower agrees to pay to (i) the Agent for the account ratable benefit of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee in the amount of $315,000 (the "Closing Fee") equal to $2,100,000and (ii) the Agent for its own account, which shall be deemed fully earned when paidother fees in the amounts and at such times as are set forth in the Fee Letter of even date herewith between the Agent and the Borrower (the "Fee Letter").

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

Closing Fee. On or prior to the Closing Date, the Borrowers shall pay to the Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the Lenders, a non‑refundable closing fee (the "Closing Fee") equal to $2,100,000, which shall be deemed fully earned when paid.. 36

Appears in 1 contract

Samples: Financing Agreement (Select Interior Concepts, Inc.)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers Borrower shall pay to the Administrative Agent for the account of the Lenders, Lenders in accordance with a written agreement among the Agent and the Lenders, such Lenders a non‑refundable non-refundable closing fee (the "Closing Fee") equal to $2,100,000, 270,000 which shall be deemed fully earned when paid.

Appears in 1 contract

Samples: Financing Agreement (Decora Industries Inc)

Closing Fee. On or prior to the Closing Effective Date, the Borrowers shall pay to the Administrative Agent for the account of the Lenders, in accordance with a written agreement among the Agent and the such Lenders, a non‑refundable non-refundable closing fee (the "Closing Fee") equal to $2,100,0006,500,000, which shall be deemed fully earned when paid.

Appears in 1 contract

Samples: Financing Agreement (Funko, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.