Funding Fee. On the Closing Date, the Borrower shall pay to the Lender a Funding Fee in an amount equal to 3.0% of the aggregate principal amount of the Loan, which shall be deemed fully earned at the time of payment.
Appears in 2 contracts
Sources: Loan Agreement (International Mezzanine Investment N V), Loan Agreement (Iac Holdings Corp)
Funding Fee. On the Closing Date, the The Borrower shall pay to the Lender a closing fee (the “Funding Fee Fee”) in an amount equal to 3.0% $3,600,000. Upon the funding of the aggregate principal amount of Loan by the LoanLender on the Closing Date, which the Funding Fee shall be deemed fully earned at and shall be added on the time Closing Date to the principal amount of paymentthe Loan which shall be payable in accordance with Section 2.03 hereof.
Appears in 2 contracts
Sources: Debtor in Possession Credit and Security Agreement (Ata Holdings Corp), Debtor in Possession Credit and Security Agreement