Common use of Initial Facility Fee Clause in Contracts

Initial Facility Fee. In consideration of the Issuer making the Initial Term Facilities available, the Borrower shall pay to the Issuer on the Closing Date a fee (the “Initial Facility Fee”) in an amount equal to all fees, costs and expenses including the selling and underwriting commissions of the Manager properly and reasonably incurred by the Issuer on or before the Closing Date in connection with the issue of the Notes, the granting of the Initial Term Advances and the negotiation, preparation and execution of each Issuer Transaction Document.

Initial Facility Fee. In consideration of the Issuer making the Initial Term Facilities available, the Initial Borrower shall pay to the Issuer on the Closing Date a fee (the “"Initial Facility Fee”") in an amount equal to all fees, costs and expenses including the selling and underwriting commissions of the Manager properly and reasonably incurred by the Issuer on or before the Closing Date in connection with the issue of the Notes, the granting of the Initial Term Advances and the negotiation, preparation and execution of each Issuer Transaction Document.. Back to Contents

Initial Facility Fee. In consideration of the Issuer making the Initial Term Facilities available, the Initial Borrower shall pay to the Issuer on the Closing Date a fee (the “"Initial Facility Fee”") in an amount equal to all fees, costs and expenses including the selling and underwriting commissions of the Manager properly and reasonably incurred by the Issuer on or before the Closing Date in connection with the issue of the Notes, the granting of the Initial Term Advances and the negotiation, preparation and execution of each Issuer Transaction Document.