Common use of Commitment Fee; Facility Charge Clause in Contracts

Commitment Fee; Facility Charge. The parties acknowledge and agree that Borrower paid to Lender (i) a commitment fee of $45,000 on or before the Closing Date, and that such commitment fee was fully earned on the Closing Date and non-refundable regardless of the early termination of this Agreement and (ii) the Facility Charge of $125,000 on the Closing Date, and that such Facility Charge was fully earned on the Closing Date and non-refundable regardless of the early termination of this Agreement.

Commitment Fee; Facility Charge. The parties acknowledge and agree that (i) Borrower paid to Lender (i) a commitment fee of $45,000 15,000 on or before the Closing Date, and that such commitment fee was fully earned on the Closing Date and non-refundable regardless of the early termination of this Agreement and (ii) the Facility Charge of $125,000 on the Closing Date, and that such Facility Charge was is fully earned and owed on the Closing Date and non-refundable regardless of the early termination of this Agreement.