Common use of Extension Fee Clause in Contracts

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee (the “Extension Fee”) in the amount of $1,000.00. The Extension Fee is hereby added to the outstanding balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance of the Note, following the application of the Extension Fee, is $2,591,999.11.

Appears in 1 contract

Samples: Promissory Note (GBT Technologies Inc.)

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Extension Fee. In consideration of Lender’s grant of the ExtensionExtension and the Skipped Payment, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $244,800.00 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.112,692,800.00.

Appears in 1 contract

Samples: Promissory Note (MGT Capital Investments, Inc.)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee (the “Extension Fee”) in the amount of $1,000.00. The Extension Fee is hereby added to the outstanding balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance of the Note, following the application of the Extension Fee, is $2,591,999.111,116,616.54.

Appears in 1 contract

Samples: Promissory Note (GBT Technologies Inc.)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $56,860.09 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes, if applicable. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.112,900,654.45.

Appears in 1 contract

Samples: Promissory Note (Inpixon)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee (the “Extension Fee”) in the amount of $1,000.00. The Extension Fee is hereby added to the outstanding balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance of the Note, following the application of the Extension Fee, is $2,591,999.11483,010.08.

Appears in 1 contract

Samples: Promissory Note (GBT Technologies Inc.)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $33,134.73 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.11696,013.43.

Appears in 1 contract

Samples: Convertible Promissory Note (Sysorex, Inc.)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $24,089.83 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.11827,307.19.

Appears in 1 contract

Samples: Convertible Promissory Note (Sysorex, Inc.)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $96,150.14 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes, if applicable. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.114,904,992.31.

Appears in 1 contract

Samples: Promissory Note (Inpixon)

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Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $84,436.00 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the issuance of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance of the Note, following the application of the Extension Fee, is $2,591,999.11928,796.00.

Appears in 1 contract

Samples: Promissory Note (MGT Capital Investments, Inc.)

Extension Fee. In consideration of LenderXxxxxx’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower Xxxxxxxx agrees to pay to Lender an extension fee in the amount of $56,568.99 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender Xxxxxx and Borrower Xxxxxxxx further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes, if applicable. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.115,715,039.39.

Appears in 1 contract

Samples: Promissory Note (Inpixon)

Extension Fee. In consideration of LenderXxxxxx’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower Xxxxxxxx agrees to pay to Lender an extension fee in the amount of $87,233.58 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender Xxxxxx and Borrower Xxxxxxxx further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes, if applicable. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.118,813,014.58.

Appears in 1 contract

Samples: Promissory Note (Inpixon)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee (the “Extension Fee”) in the amount of $1,000.00. The Extension Fee is hereby added to the outstanding balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance of the Note, following the application of the Extension Fee, is $2,591,999.11345,776.40.

Appears in 1 contract

Samples: Promissory Note (GBT Technologies Inc.)

Extension Fee. In consideration of Lender’s grant of the Extension, its fees incurred in preparing this Amendment and other accommodations set forth herein, Borrower agrees to pay to Lender an extension fee in the amount of $21,546.12 (the “Extension Fee”) in the amount of $1,000.00). The Extension Fee is hereby added to the outstanding balance Outstanding Balance of the Note as of the date of this Amendment. Lender and Borrower further agree that the Extension Fee is deemed to be fully earned as of the date hereof, is nonrefundable under any circumstance, and that the Extension Fee tacks back to the date of the Note for Rule 144 purposes. Borrower represents and warrants that as of the date hereof the outstanding balance Outstanding Balance of the Note, following the application of the Extension Fee, is $2,591,999.11739,949.50.

Appears in 1 contract

Samples: Convertible Promissory Note (Sysorex, Inc.)

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