Common use of Extension Fee Clause in Contracts

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension fee equal to one-fifth of one percent (0.20%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 2 contracts

Samples: Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

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Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.15, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) 0.15% of the amount of such Lender's Revolving ’s Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 2 contracts

Samples: Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.132.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one half percent (0.200.50%) of the amount of such Lender's Revolving Commitment (whether or not utilized) ’s outstanding Loans as of the day immediately prior to the then current Original Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extensionDate.

Appears in 2 contracts

Samples: Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If If, pursuant to Section 2.13, the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.Date, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension fee equal to fifteen one-fifth hundredths of one percent (0.200.15%) (i.e. fifteen (15) basis points) of the amount of such Lender's Revolving Commitment (whether or not utilized) as of on the day immediately prior to the then current Maturity Date (before giving effect to such extension)being extended. Such fee shall be paid to the Administrative Agent prior to, and as a condition to, each such extension.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.16, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) 0.15% of the amount of such Lender's Revolving ’s Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with is extended pursuant to Section 2.13.2.10, the Borrower agrees to pay to the Administrative Agent Agent, for the account benefit of each Lender the Lenders, an extension fee equal to one-fifth of one quarter percent (0.200.25%) of the aggregate amount of (i) the Term Commitments, plus (ii) the Revolving Commitments at such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before time, after giving effect to the principal payment required to be made on the first day of such extensionExtension Term pursuant to Section 2.6(c), so long as such principal payment is made on the Maturity Date being extended. Such fee shall be paid to payable on or before the Administrative Agent prior to, and as a condition to, such extensionMaturity Date being extended.

Appears in 1 contract

Samples: Loan Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with pursuant to Section 2.132.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) 0.15% of the amount of such Lender's Revolving ’s Commitment (whether or not utilized) as at the time of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid due and payable in full on the date the Agent receives the Extension Request pursuant to the Administrative Agent prior to, and as a condition to, such extensionSection.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.11, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one quarter percent (0.200.25%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as principal balance of the day immediately prior Loan to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extensionextended.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one and one half percent (0.201.50%) of the amount of such Lender's Revolving ’s Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to fully earned and due and payable in full on the date the Administrative Agent prior to, and as a condition to, receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Hudson Pacific Properties, L.P.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with is extended pursuant to Section 2.13.2.1(e), the Borrower agrees to shall pay to the Administrative Agent Agent, for the account of distribution to each Lender which holds a Pro Rata Share of the Commitment following such extension pursuant to Section 2.1(e), a fee in an extension fee amount equal to one-fifth of one percent (0.20%) 0.375% of the amount of Commitment payable to each such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid due and payable by Borrower to the Administrative Agent prior to, and as a condition to, such extensionfor the benefit of the Lenders within three (3) Business Days after the extension becomes effective pursuant to Section 2.1(e).

Appears in 1 contract

Samples: Credit Agreement (Arden Realty Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.13.2.16, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension a fee (the “Extension Fee”) equal to one-fifth 0.15% of one percent (0.20%) of each Lender’s Commitment being extended on the amount effective date of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior extension. Such Extension Fee shall be due and payable in full on, and subject to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to occurrence of, the Administrative Agent prior to, and as a condition to, effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (CIM Commercial Trust Corp)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.132.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension fee equal to one and sixty-seven one-fifth of one thousandths percent (0.201.067%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date beyond the First Extended Maturity Date in accordance with Section 2.13.2.11, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one quarter percent (0.200.25%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as principal balance of the day immediately prior Loan to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior toextended, and as a condition to, such extensionif applicable.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as then-outstanding principal balance of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extensionLoan.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one quarter percent (0.200.25%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as then-outstanding principal balance of the day immediately prior to the then current Maturity Date (before giving effect to such extension)Loan. Such fee shall be paid payable in connection with each Option to the Administrative Agent prior to, and as a condition to, such extensionExtend.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.132.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) 0.25% of the amount of such Lender's Revolving Commitment (whether or not utilized) ’s outstanding Loans as of the day immediately prior to the then current Original Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extensionDate.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with is extended pursuant to Section 2.13.2.14, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an extension fee equal to one-fifth of one percent (0.20%) of the amount of 0.25% times such Lender's Revolving ’s Commitment (whether or not utilized) as in effect on the date of the day immediately prior to the then current Maturity Date (before giving effect to any such extension). Such The extension fee shall be paid to due and payable on or before the Administrative Agent prior to, initial Maturity Date and as a condition to, such extensionof any extension thereof pursuant to Section 2.14.

Appears in 1 contract

Samples: Credit Agreement (Five Point Holdings, LLC)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.132.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) 0.30% of the amount of such Lender's Revolving Commitment (whether or not utilized) ’s outstanding Loans as of the day immediately prior to the then current Original Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extensionDate.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

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Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one percent (0.20%) % of the aggregate outstanding principal amount of such Lender's Revolving Commitment (whether or not utilized) as Xxxxxx’s portion of the day immediately prior to the then current Maturity Date (before giving effect to such extension)Loans. Such fee shall be paid to due and payable in full on the Administrative Agent prior to, and as a condition to, such effective date of the extension.

Appears in 1 contract

Samples: Term Loan Agreement (Sunstone Hotel Investors, Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to onethree-fifth tenths of one percent (0.200.30%) of the amount of such Lender's Revolving ’s Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.13.‎2.16, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension a fee (the “Extension Fee”) equal to one-fifth 0.075% of one percent (0.20%) of each Lender’s Revolving Commitment being extended on the amount effective date of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior extension. Such Extension Fee shall be due and payable in full on, and subject to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to occurrence of, the Administrative Agent prior to, and as a condition to, effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.13.‎2.16, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension a fee (the “Extension Fee”) equal to one-fifth 0.10% of one percent (0.20%) of each Lender’s Revolving Commitment being extended on the amount effective date of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior extension. Such Extension Fee shall be due and payable in full on, and subject to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to occurrence of, the Administrative Agent prior to, and as a condition to, effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (Cole Credit Property Trust V, Inc.)

Extension Fee. If If, pursuant to Section 2.6, the Borrower exercises its right to extend the Initial Maturity Date in accordance with Section 2.13.Date, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension fee equal to one-fifth twenty one hundredths of one percent (0.20%) of the amount of such Lender's Revolving ’s Commitment (whether or not utilized) as at the time of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Revolving Loan Agreement (Columbia Equity Trust, Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.13.2.16, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension a fee (the “Extension Fee”) equal to one-fifth 0.10% of one percent (0.20%) of each Lender’s Revolving Commitment being extended on the amount effective date of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior extension. Such Extension Fee shall be due and payable in full on, and subject to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to occurrence of, the Administrative Agent prior to, and as a condition to, effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (Cim Real Estate Finance Trust, Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.13.2.14, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension a fee (the “Extension Fee”) equal to fifteen one-fifth hundredths of one percent (0.200.15%) of each Lender’s Revolving Commitment being extended on the amount effective date of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior extension. Such Extension Fee shall be due and payable in full on, and subject to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to occurrence of, the Administrative Agent prior to, and as a condition to, effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (Creative Media & Community Trust Corp)

Extension Fee. If Each time the Borrower exercises its right to extend the Maturity Date of any Class in accordance with Section 2.132.14., the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension of such Class a fee in Dollars equal to one-fifth eighth of one percent (0.200.125%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as Xxxxxx’s outstanding Loans of the day immediately prior to the then current Maturity Date (before giving effect to such extension)Class. Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Term Loan Agreement (Realty Income Corp)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.132.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension fee equal to one-fifth of one 0.35 percent (0.200.35%) of the amount of such Lender's Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.13.2.15, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender an extension a fee equal to onetwo-fifth tenths of one percent (0.20%) of the amount of such Lender's ’s Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to due and payable in full on the Administrative Agent prior to, and as a condition to, effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (Equity One, Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.13.2.10, the Borrower agrees to pay to the Administrative Agent for the account of each Lender an extension a fee equal to one-fifth of one quarter percent (0.200.25%) of the amount of such Lender's Revolving Commitment (whether or not utilized) ’s outstanding Loans as of the day immediately prior to the then current applicable Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extensionDate.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

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