Modification Fee Clause Samples
A Modification Fee clause establishes the requirement for a party to pay a specified fee if they request changes to the terms of an existing agreement. Typically, this fee applies when one party seeks to alter deliverables, timelines, or other contractual obligations after the contract has been executed. By imposing a cost on modifications, the clause discourages unnecessary changes and compensates the other party for the administrative burden or potential disruption caused by such requests.
POPULAR SAMPLE Copied 2 times
Modification Fee. In consideration of the Lenders amending of the Credit Agreement as provided herein, the Borrower agrees to pay to the Agent for the account of each Lender a fee in the amount of $2,500.
Modification Fee. Borrower shall have paid PFG a fee in consideration of PFG’s waiver and modification of the Loan Agreement in the amount of $5,000, due within one (1) Business Day of invoice.
Modification Fee. The Borrower shall have paid to the Bank in immediately available funds a modification fee in the amount of $5,000, which fee shall be deemed fully earned and non-refundable once paid.
Modification Fee. Lender shall have received from Borrower a fully-earned and non-refundable modification fee of Ten Thousand Dollars ($10,000.00).
Modification Fee. Borrowers shall pay to Administrative Agent a modification fee when and as designated in any fee letter by and between Borrowers and Administrative Agent.
Modification Fee. In consideration for Bank's willingness to enter into this Modification, Borrower shall pay to Bank in cash, as a non-refundable fee, the sum of Fifty Thousand Dollars ($50,000) on or before the Effective Date, (the "Modification Fee").
Modification Fee. In consideration for Lender granting the modifications set forth above, Borrower shall pay Lender a non-refundable loan modification fee in the amount of $250.00 upon the execution hereof. In addition to the loan extension fee, Borrower shall pay all costs and expenses incurred by Lender in connection with this Modification, including, without limitation, all title insurance costs, recording fees and attorney’s fees, and other applicable out of pocket expenses.
Modification Fee. Borrower shall pay the Modification Fee at the earliest of (i) the closing of an Acquisition, and (ii) December 4, 2027, provided however, if Parent completes its Initial Public Offering before either such date, then Borrower shall no longer have any obligation to pay the Modification Fee. The parties hereto acknowledge and agree that Parent completed its Initial Public Offering on July 3, 2018 and Borrower does not have an obligation to pay the Modification Fee.
Modification Fee. If the Bank, at its discretion, agrees to modify or amend any terms of this Agreement, the Borrowers will, at the Bank’s option, pay the Bank a fee for each Borrower-initiated amendment or modification in an amount advised by the Bank at the time the Borrowers request such amendment or modification. Nothing in this Section shall imply that the Bank is obligated to agree to any modification or amendment requested by the Borrowers. The Bank may impose additional requirements as a condition to any modification or amendment.
Modification Fee. In the event a Customer’s Services are modified for any reason by WIN, Customer shall pay a modification fee up to $15.00.