LOAN AMENDMENT FEE Sample Clauses
A Loan Amendment Fee clause establishes a charge that the borrower must pay if they request changes to the terms of their loan agreement. Typically, this fee is triggered when the borrower seeks to modify aspects such as repayment schedules, interest rates, or covenants, and the lender agrees to consider or implement these changes. The core function of this clause is to compensate the lender for the administrative work and potential risk involved in amending the loan, while also discouraging frequent or unnecessary amendment requests.
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LOAN AMENDMENT FEE. Upon the execution of this Amendment, Borrower shall pay Bank a loan amendment fee of Forty Thousand and 00/100 Dollars ($40,000.00). The fee shall represent an unconditional payment to Bank in consideration of Bank’s agreement to extend financial accommodations to Borrower pursuant to this Amendment.
LOAN AMENDMENT FEE. The following is added as a new section 2.14 to the Loan Agreement:
LOAN AMENDMENT FEE. Borrower shall pay to Silicon an amendment fee of $5,000 in connection herewith, which shall be in addition to interest, fees and all other amounts payable hereunder, and which shall not be refundable.
LOAN AMENDMENT FEE. For each amendment or other change to this Agreement that is required (in the sole discretion of the Bank) as a result of a change in terms or conditions requested by Borrower, Borrower shall pay Bank a fee in an amount equal to the Revolver Commitment Amount then outstanding, multiplied by twenty five basis points (0.25%), which fee shall be payable in immediately available funds concurrent with the closing of such amendment.
LOAN AMENDMENT FEE. Upon the execution of this Amendment, Borrower shall pay Bank a loan amendment fee of Twelve Thousand Dollars ($12,000.
LOAN AMENDMENT FEE. Borrowers shall pay to FINOVA on the Restatement ------------------ Effective Date a loan amendment fee of $200,000 (the "Loan Amendment Fee"), which shall be deemed fully earned on the Restatement Effective Date, and shall be in addition to any loan or similar fee paid to FINOVA by Borrowers pursuant to the Existing Amended and Restated Loan Agreement or otherwise.