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 2.10, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) of the amount of such Lender’s outstanding Loans as of the applicable Maturity Date.

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.13., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to onethree-quarter tenths of one percent (0.250.30%) of the amount of such Lender’s outstanding Loans as of the applicable Maturity DateCommitment (whether or not utilized).

Appears in 1 contract

Sources: Credit Agreement (RLJ Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.102.14, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender a fee (the “Extension Fee”) equal to fifteen one-quarter hundredths of one percent (0.250.15%) of each Lender’s Revolving Commitment being extended on the amount effective date of such Lender’s outstanding Loans as extension. Such Extension Fee shall be due and payable in full on, and subject to the occurrence of, the effective date of the applicable Maturity Datesuch extension.

Appears in 1 contract

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

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter one and one half percent (0.251.50%) of the amount of such Lender’s outstanding Loans as of Commitment (whether or not utilized). Such fee shall be fully earned and due and payable in full on the applicable Maturity Datedate the Administrative Agent receives the Extension Request pursuant to such Section.

Appears in 1 contract

Sources: 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 Section 2.102.16, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) 0.15% of the amount of such Lender’s outstanding Loans as of the applicable Maturity DateCommitment (whether or not utilized).

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter fifth of one percent (0.250.20%) of the amount of such Lender’s then-outstanding Loans as principal balance of the applicable Maturity DateLoan.

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) of the amount of such Lender’s then-outstanding Loans as principal balance of the applicable Maturity DateLoan. Such fee shall be payable in connection with each Option to Extend.

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) % of the amount of such Lender’s outstanding Loans as of the applicable Original Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) 0.30% of the amount of such Lender’s outstanding Loans as of the applicable Original Maturity Date.

Appears in 1 contract

Sources: 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 2.10Date, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a an extension fee equal to fifteen one-quarter hundredths of one percent (0.250.15%) (i.e. fifteen (15) basis points) of the amount of such Lender’s outstanding Loans 's Commitment on the Maturity Date being extended. Such fee shall be paid to the Agent prior to, and as of the applicable Maturity Datea condition to, each such extension.

Appears in 1 contract

Sources: Unsecured Term 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 2.102.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) 0.15% of the amount of such Lender’s outstanding Loans as Commitment (whether or not utilized) at the time of such extension. Such fee shall be due and payable in full on the applicable Maturity Datedate the Agent receives the Extension Request pursuant to such Section.

Appears in 1 contract

Sources: Revolving Credit Agreement (First Potomac Realty Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.11, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) of the amount of such Lender’s outstanding Loans as principal balance of the applicable Maturity DateLoan to be extended.

Appears in 1 contract

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

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a an extension fee equal to one-quarter 0.35 percent (0.250.35%) of the amount of such Lender’s outstanding Loans 's Revolving Commitment (whether or not utilized) as of the applicable day immediately prior to the then current Maturity DateDate (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

Sources: Credit Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.102.14., the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender a fee equal to one-quarter percent (0.25%) 0.125% of the amount of such Lender▇▇▇▇▇▇’s outstanding Loans on the effective date of such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of the applicable Maturity Datesuch extension.

Appears in 1 contract

Sources: Credit Agreement (NETSTREIT Corp.)

Extension Fee. If Each time the Borrower exercises its right to extend the Maturity Date of any Class in accordance with Section 2.102.14., the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender of such Class a fee in Dollars equal to one-quarter eighth of one percent (0.250.125%) of the amount of such Lender▇▇▇▇▇▇’s outstanding Loans of such Class. Such fee shall be paid to the Administrative Agent prior to, and as of the applicable Maturity Datea condition to, such extension.

Appears in 1 contract

Sources: Term Loan Agreement (Realty Income Corp)