Lead Lender’s Fee Clause Samples

The Lead Lender’s Fee clause defines the compensation that the lead lender receives for its role in organizing, managing, or administering a loan or credit facility. Typically, this fee is paid by the borrower or shared among participating lenders, and may be structured as a flat amount or a percentage of the total loan commitment. The clause ensures that the lead lender is appropriately compensated for its additional responsibilities and incentivizes efficient management of the lending process.
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Lead Lender’s Fee. 2.3.1 In consideration of the Lead Lender’s services as set out under this Agreement, it shall be entitled to receive a fee (if any) as mutually agreed between the Lead Lender and the Relevant Lenders and recorded in a separate agreement. The fee shall be paid by each Relevant Lender in proportion of its Outstanding in the relevant Facilities. The liability, if any, of the Lead Lender pursuant to or in connection with this Agreement shall be restricted to the amount equivalent to the fees received by it in relation to any particular Borrower. 2.3.2 All costs and expenses incurred or to be incurred by the Lead Lender in connection with performing its services pursuant to this Agreement, including in relation to formulating and implementing a Resolution Plan (including the fees and expenses payable to any valuer, counsel, consultant or agent etc. appointed by the Lead Lender) shall be to the account of the respective Relevant Lenders, unless otherwise reimbursed by the Borrower.
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Lead Lender’s Fee. (a) In consideration of the Lead Lender’s services as set out under this Agreement, it shall be entitled to receive a fee (if any) as mutually agreed between the Lead Lender and the Lenders and recorded in a separate agreement. The fee shall be paid by each Lender in proportion of its Outstanding in the relevant Facilities. The liability, if any, of the Lead Lender pursuant to or in connection with this Agreement shall be restricted to the amount equivalent to the fees received by it in relation to the Borrower. (b) All costs and expenses incurred or to be incurred by the Lead Lender in connection with performing its services pursuant to this Agreement, including in relation to formulating and implementing a Resolution Plan (including the fees and expenses payable to any valuer, counsel, consultant or agent etc. appointed by the Lead Lender) shall be to the account of the respective Lenders, unless otherwise reimbursed by the Borrower. (c) If any Lender fails to pay its pro-rata share towards the fees and expenses to the Lead Lender, then the Lead Lender shall be entitled to deduct such amount from the amounts that shall be payable to such Lender under the approved Resolution Plan.
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Related to Lead Lender’s Fee

  • Single Disbursement to Borrower Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

  • Lenders’ Credit Decisions Each Lender agrees that it has, independently and without reliance upon the Administrative Agent, any other Lender or the directors, officers, agents, employees or attorneys of the Administrative Agent or of any other Lender, and instead in reliance upon information supplied to it by or on behalf of Borrower and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Lender or the directors, officers, agents, employees or attorneys of the Administrative Agent or of any other Lender, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

  • Purchase of Defaulting Lender’s Commitment During any period that a Lender is a Defaulting Lender, the Borrower may, by the Borrower giving written notice thereof to the Administrative Agent, such Defaulting Lender and the other Lenders, demand that such Defaulting Lender assign its Commitment and Loans to an Eligible Assignee subject to and in accordance with the provisions of Section 13.6(b). No party hereto shall have any obligation whatsoever to initiate any such replacement or to assist in finding an Eligible Assignee. In addition, any Lender who is not a Defaulting Lender may, but shall not be obligated to, in its sole discretion, acquire the face amount of all or a portion of such Defaulting Lender’s Commitment and Loans via an assignment subject to and in accordance with the provisions of Section 13.6(b). In connection with any such assignment, such Defaulting Lender shall promptly execute all documents reasonably requested to effect such assignment, including an appropriate Assignment and Assumption and, notwithstanding Section 13.6(b), shall pay to the Administrative Agent an assignment fee in the amount of $7,500. The exercise by the Borrower of its rights under this Section shall be at the Borrower’s sole cost and expense and at no cost or expense to the Administrative Agent or any of the Lenders.

  • LENDERS KeyBank, the other lending institutions which are party hereto and any other Person which becomes an assignee of any rights of a Lender pursuant to §18 (but not including any participant as described in §18). The Issuing Lender shall be a Lender, as applicable. The Swing Loan Lender shall be a Lender.