Common use of Facility Increase Fee Clause in Contracts

Facility Increase Fee. Borrower hereby agrees to pay Lender a Facility Increase Fee in the amount of $20,000, simultaneously with the execution of this Amendment, which fee is fully earned as of the date hereof. Such fee may, at Congress' option, be charged directly to any account of Borrower maintained by Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Renco Metals Inc)

Facility Increase Fee. Borrower hereby agrees to pay Lender a Facility Increase Fee in the amount of $20,000130,000, simultaneously with the execution of this Amendment, which fee is fully earned as of the date hereof. Such fee may, at Congress' option, be charged directly to any account of Borrower maintained by Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Renco Metals Inc)