Draw Fee. In connection with the funding of each Advance under the Revolving Loan, the Borrower shall pay to the Lender, by way of deduction from the proceeds of such Advance, on the date of such funding, a non-refundable draw fee. The draw fee shall be equal to 1.00% of the amount of such Advance.
Appears in 2 contracts
Sources: Equipment Revolving Loan Agreement (Franchise Finance Corp of America), Revolving Loan Agreement (Franchise Finance Corp of America)