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.
Appears in 2 contracts
Sources: Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Junior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Loan Commitment Fee. Concurrently with the closing of the Loan, and as a condition precedent thereto, Lender shall receive the Loan Commitment Fee, which . The Loan Commitment Fee 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 LoanInitial Advance.
Appears in 1 contract
Sources: Senior Mezzanine Loan Agreement (Behringer Harvard Multifamily Reit I Inc)