FACILITY A FACILITY FEE Sample Clauses
FACILITY A FACILITY FEE. The Borrower shall pay to the Lender the sum of five thousand dollars ($5,000.00), which amount represents one-half percent (.50%) of the amount by which the Facility A Borrowing Base Amount exceeds the highest Borrowing Base Amount that was in effect under the Original Agreement prior to the execution of this Agreement. An additional facility fee of one-half percent (.50%) of the incremental amount of any increase to the Facility A Borrowing Base Amount shall be owed by Borrower to the Lender, and such fee shall be payable by Borrower upon Borrower's acceptance of said increase; provided, however, if the Facility A Borrowing Base Amount is reduced and then reinstated to a higher amount, the additional facility fee will be applicable only to the incremental amount, if any, by which the higher amount exceeds the previous highest Facility A Borrowing Base Amount. The Borrower hereby authorizes the Lender to debit its account maintained with the Lender for collection of the foregoing facility fees.
FACILITY A FACILITY FEE. The Borrower shall pay to the Bank a facility fee in the amount equal to 0.50% of the initial Borrowing Base Amount, payable upon execution of this Agreement by the Borrower. An additional facility fee of one-half percent (.50%) of the incremental amount of any increase to the Facility A Borrowing Base Amount shall be owed by Borrower to Bank, and such fee shall be payable by Borrower upon its acceptance of said increase; provided, however, if the Facility A Borrowing Base Amount is reduced and then reinstated to a higher amount, the additional facility fee will be applicable only to the incremental amount, if any by which the higher amount exceeds the previous Highest Facility A Borrowing Base Amount. The Borrower hereby authorizes the Bank to debit its account maintained with the Bank for collection of the facility fee.