Common use of Fees Fully Earned Clause in Contracts

Fees Fully Earned. Unless otherwise expressly provided in this Agreement, the fees and charges specified in clauses (a) through (c) above are fully-earned as of the Restatement Date and due and payable on such date, and in no event shall any Borrower be entitled to any credit, rebate, refund, reduction, proration or repayment of any fees or charges earned by each Lender pursuant to this Agreement notwithstanding any termination of this Agreement or the suspension or termination of a Lender’s obligation to make loans and advances hereunder and notwithstanding the required payment date for such fees or charges. Agent, on behalf of Lenders, may debit and deduct amounts owing by Borrowers under the clauses of this Section 2.4 pursuant to the terms of Section 2.5(c).

Appears in 1 contract

Sources: Amendment and Restatement Agreement (FiscalNote Holdings, Inc.)

Fees Fully Earned. Unless otherwise expressly provided in this Agreement, the fees and charges specified in clauses (a) through (c) above are fully-earned as of the Restatement Date and due and payable on such date, and in no event shall any Borrower be entitled to any credit, rebate, refund, reduction, proration or repayment of any fees or charges earned by each Lender pursuant to this Agreement notwithstanding any termination of this Agreement or the suspension or termination of a Lender’s obligation to make loans and advances hereunder and notwithstanding the required payment date for such fees or charges. Agent, on behalf of Lenders▇▇▇▇▇▇▇, may debit and deduct amounts owing by Borrowers under the clauses of this Section 2.4 pursuant to the terms of Section 2.5(c).

Appears in 1 contract

Sources: Credit and Guaranty Agreement (FiscalNote Holdings, Inc.)

Fees Fully Earned. Unless otherwise expressly provided in this AgreementAgreement or the Fee Letter, the fees and charges specified in clauses clause (a) through (c) above are fully-earned as of the Restatement Date and due and payable on such dateSecond Amendment Effective Date, and in no event shall any Borrower be entitled to any credit, rebate, refund, reduction, proration or repayment of any fees or charges earned by each Lender pursuant to this Agreement notwithstanding any termination of this Agreement or the suspension or termination of a Lender’s obligation to make loans and advances hereunder and notwithstanding the required payment date for such fees or charges. Administrative Agent, on behalf of Lenders, may shall be entitled to debit and deduct amounts owing by Borrowers under the clauses of this Section 2.4 pursuant to the terms of Section 2.5(c).

Appears in 1 contract

Sources: Loan and Security Agreement (Metacrine, Inc.)

Fees Fully Earned. Unless otherwise expressly provided in this AgreementAgreement or in a separate writing by Agent, the fees and charges specified in clauses (a) through (c) above are fully-earned as of the Restatement Date and due and payable on such dateClosing Date, and in no event shall any Borrower be entitled to any credit, rebate, refund, reduction, proration or repayment of any fees or charges earned by each Lender pursuant to this Agreement notwithstanding any termination of this Agreement or the suspension or termination of a Lender’s obligation to make loans and advances hereunder and notwithstanding the required payment date for such fees or charges. Agent, on behalf of Lenders, may debit and deduct amounts owing by Borrowers under the clauses of this Section 2.4 pursuant to the terms of Section 2.5(c). Agent shall provide Borrowers with written notice of deductions made pursuant to the terms of this clause (e).

Appears in 1 contract

Sources: Loan and Security Agreement (Colonnade Acquisition Corp.)