Loan Commitment Fee Sample Clauses
A Loan Commitment Fee clause defines the fee a borrower must pay to a lender in exchange for the lender's promise to make a specified amount of funds available for borrowing. Typically, this fee is calculated as a percentage of the unused portion of the loan commitment and is paid periodically, such as quarterly or annually, until the loan is fully drawn or the commitment period ends. The core function of this clause is to compensate the lender for reserving funds and to incentivize the borrower to utilize the committed loan amount within the agreed timeframe.
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Loan Commitment Fee. Concurrently with the closing of the Loan, and as a condition precedent thereto, Lender shall receive the Loan Commitment Fee, which shall be deemed to have been earned in full by Lender, and is non-refundable, upon the disbursement of all or any portion of the Loan.
Loan Commitment Fee. Payment of the full amount of the Loan Commitment Fee, in immediately available funds;
Loan Commitment Fee. Borrower shall pay an annual commitment fee of Thirty Six Thousand Dollars ($36,000). $24,000 was paid on April 30, 1997 and the balance of $12,000 is due on July 1, 1997 and $36,000 is due July 1, 1998. No portion of this fee shall be reimbursable.
Loan Commitment Fee. At the time the Note is signed, Borrower shall remit to Lender a fully earned, non-refundable loan commitment fee of $13,500.00.
Loan Commitment Fee. Lender shall have received the Loan Commitment Fee (one-half ($8,088.00) of which was due at the signing of the commitment letter for the Term Loan and the balance ($8,088.00) of which is due prior to or on the Closing Date).
Loan Commitment Fee. Borrower shall pay to Bank a loan commitment fee equal to one-half of one percent (1/2%) of the actual disbursements under each Loan, as provided herein. Borrower may borrow, repay and re-borrow under the Loan and during the first two (2) years after the date of this Agreement, Borrower shall pay the one-half of one percent (1/2%) fee only on the amounts initially disbursed under each Note (but not on any amounts re-borrowed under each Note) and in no event will Borrower be obligated to pay the commitment fee on more than $25,000,000.00 disbursed under the Loan. Beginning on the second anniversary of the date of this Agreement the one-half of one percent (1/2%) fee shall be due on all disbursements thereafter.
Loan Commitment Fee. Borrower's shall pay a non-refundable fee of Forty Six Thousand Eight Hundred Seventy Five Dollars ($46,875.00).
Loan Commitment Fee. Borrower shall pay in advance a commitment fee of Thirty Seven Thousand Five Hundred Dollars ($37,500) on or before the date of execution of this Agreement. No portion of this fee shall be reimbursable.
Loan Commitment Fee. Borrower shall pay to Bank a commitment fee of Seventy-Five Thousand Dollars ($75,000) on or before the date of execution of this Agreement. No portion of such fee shall be reimbursable.
Loan Commitment Fee. Borrower shall pay in advance a commitment fee of Ten Thousand Five Hundred Dollars ($10,500) Dollars on or before the date of execution of this Agreement. No portion of this fee shall be reimbursable.