Common use of Extension Fees Clause in Contracts

Extension Fees. The Borrower shall pay to the Agent for the account of the Lenders "Extension Fees" (so referred to herein) in amounts representing one quarter of one percent (0.25%) of the Total Commitment of the Lenders at the Initial Maturity Date, in connection with the Borrower's exercise of its extension right, and as a condition precedent to the effectiveness thereof, in each instance, as provided in Section 2.8. In the event the Facility is not extended for any reason, the Agent shall promptly return the Extension Fee to the Borrower.

Extension Fees. The Borrower shall pay to the Agent for the account of the Lenders "“Extension Fees" ” (so referred to herein) in amounts representing one quarter of one percent (0.25%) of the Total Commitment of the Lenders at the Initial Maturity Date, in connection with the Borrower's ’s exercise of its extension right, and as a condition precedent to the effectiveness thereof, in each instance, as provided in Section 2.8. In the event the Facility is not extended for any reason, the Agent shall promptly return the Extension Fee to the Borrower.

Extension Fees. The Borrower shall pay to the Agent for the account of the Lenders "Extension Fees" (so referred to herein) in amounts representing one quarter of one percent (0.25%) of the Total Commitment then outstanding principal balance of the Lenders Loan at the Initial Maturity Date (and at the First Extended Maturity Date, as applicable), on each occasion, in connection with the Borrower's exercise of its extension rightrights, and as a condition precedent to the effectiveness thereof, in each instance, as provided in Section 2.8. In the event the Facility is not extended for any reason, the Agent shall promptly return the Extension Fee to the Borrower2.6.

Extension Fees. The Borrower shall pay to the Agent for the account of the Lenders "“Extension Fees" ” (so referred to herein) in amounts representing one quarter of one percent (0.25%) of the Total Commitment then outstanding principal balance of the Lenders Loan at the Initial Maturity Date (and at the First Extended Maturity Date, as applicable), on each occasion, in connection with the Borrower's ’s exercise of its extension rightrights, and as a condition precedent to the effectiveness thereof, in each instance, as provided in Section 2.8. In the event the Facility is not extended for any reason, the Agent shall promptly return the Extension Fee to the Borrower.