Commitment Increase Fee. Borrowers shall pay to Agent, for the ratable benefit of Lenders, a commitment increase fee of One Hundred Thousand Dollars ($100,000), which commitment increase fee shall be fully earned by and payable on the date when the Maximum Loan Limit has been increased to $50,000,000.
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Sources: Loan and Security Agreement (Poindexter J B & Co Inc)
Commitment Increase Fee. Borrowers In consideration for Lenders’ agreement to increase the Borrowing Base and Commitment, Borrower shall pay to Agent, for the ratable benefit of Lenders, a commitment an increase fee in the amount of One Hundred Thousand Dollars ($100,000)150,000, which commitment calculated as being 1.00% of the amount of the increase fee shall be fully earned by in the Borrowing Base and payable on the date when the Maximum Loan Limit has been increased to $50,000,000Commitment.
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Commitment Increase Fee. Borrowers In consideration for Lenders’ agreement to increase the Borrowing Base and Commitment, Borrower shall pay to Agent, for the ratable benefit of Lenders, a commitment an increase fee in the amount of One Hundred Thousand Dollars ($100,000)87,500, which commitment calculated as 0.25% of the amount of the increase fee shall be fully earned by in the Borrowing Base and payable on the date when the Maximum Loan Limit has been increased to $50,000,000Commitment.
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