Common use of Commitment Fee; Arrangement Fee Clause in Contracts

Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Fee, Arrangement Fee, or similar charge contractually due is authorized to be paid at time of Closing, or if not paid, may be by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.

Appears in 2 contracts

Sources: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)

Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Fee, Arrangement Fee, Broker Fee or similar charge contractually due is authorized to be paid at time of Closing, or if not paid, may be by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.

Appears in 2 contracts

Sources: Commercial Loan Agreement (Red Oak Capital Fund IV, LLC), Commercial Loan Agreement (Red Oak Capital Fund IV, LLC)

Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Feecommitment fee, Arrangement Feearrangement fee, or similar charge contractually due is authorized to be paid at time of Closing, or if not paid, may be by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.

Appears in 1 contract

Sources: Commercial Loan Agreement (Red Oak Capital Fund V, LLC)

Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Feecommitment fee, Arrangement Feearrangement fee, or similar charge contractually due is authorized to be paid at the time of Closing, or if not paid, may be paid by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.

Appears in 1 contract

Sources: Commercial Loan Agreement (Red Oak Capital Fund V, LLC)