Common use of Lenders’ Upfront Fee Clause in Contracts

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender an upfront fee in an amount of One Hundred Ninety-Five Thousand Dollars ($195,000). The upfront fee is for the credit facilities committed by Lender under this Agreement and will be fully earned on the date paid. The upfront fee paid to Lender is non-refundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Private Business Inc)

AutoNDA by SimpleDocs

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender Lender, an upfront fee in an aggregate amount of One Hundred Ninety-Five Thousand Dollars one half of one percent ($195,000)0.5%) of the Commitment as of the Closing Date. The Such upfront fee is for the credit facilities facility committed by Lender under this Agreement and will be is fully earned on the date paid. The upfront fee paid to Lender is non-refundable solely for its own account and is nonrefundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender at Closing Date an upfront fee in an the amount of One Hundred Ninety-Five Thousand Dollars ($195,000)12,000. The Such upfront fee is for the credit facilities facility committed by Lender under this Agreement and will be is fully earned on the date paid. The upfront fee paid to Lender It is non-refundable for any reason whatsoevernonrefundable.

Appears in 1 contract

Samples: Security Agreement (Planar Systems Inc)

AutoNDA by SimpleDocs

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender an upfront fee in an amount of One Hundred Ninety-Five Thousand Dollars ($195,000)110,000. The upfront fee is for the credit facilities committed by Lender under this Agreement and will be fully earned on the date paid. The upfront fee paid to Lender is non-refundable nonrefundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Private Business Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.