Common use of Collateral Evaluation Fee Clause in Contracts

Collateral Evaluation Fee. Monthly, eommeneing on the first day of the first calendar month following the Closing Date, and continuing on the same day of each succeeding calendar month until this Agreement is tenninated. Borrowers shall pay to Lender a collateral evaluation fee equal in amount to One Thousand Dollars ($1,000.00) per month which shall be fully earned and non-refundable upon payment.

Collateral Evaluation Fee. Monthly, eommeneing commencing on the first day of the first calendar month following the Closing Date, and continuing on the same day of each succeeding calendar month until this Agreement is tenninated. Borrowers terminated, Borrower shall pay to Lender a collateral evaluation fee equal in amount to One Thousand Five Hundred Dollars ($1,000.001,500) per month which shall be fully earned and non-refundable upon payment.