LMA Fee Clause Samples
The LMA Fee clause defines the specific fees payable under a loan agreement that follows the Loan Market Association (LMA) standard documentation. Typically, this clause outlines the types of fees involved, such as arrangement fees, commitment fees, or agency fees, and specifies when and how these fees are to be paid by the borrower to the lender or agent. For example, it may require the borrower to pay an upfront fee upon signing or a periodic fee during the life of the loan. The core practical function of this clause is to ensure transparency and clarity regarding the financial obligations related to fees, thereby preventing disputes and aligning expectations between the parties.
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LMA Fee. In consideration of its execution and delivery of this Agreement, Programmer has paid to LIN the Initial Payment (as defined in the Purchase Agreement) as provided in Section 2.3(a) of the Purchase Agreement.
LMA Fee. From and after the Commencement Time, in consideration of the right to perform the services contemplated under this Agreement, F▇▇▇▇▇ will pay to Operator a monthly fee in an amount equal to $150,954.38 (the “LMA Fee”). The LMA Fee will be due and payable by F▇▇▇▇▇ each calendar month following the Commencement Date through the expiration or termination hereof (including a pro rated portion of the LMA Fee for any partial calendar month), and shall be due and payable on or before the tenth day of each calendar month for such calendar month (provided, however, that the first payment of the LMA Fee shall be due and payable within ten (10) days following the Commencement Date).