PAR Fee Clause Samples

The PAR Fee clause defines a specific fee that must be paid in relation to the purchase or sale of loans in the secondary market, typically when the transaction occurs at par value (the face value of the loan). This fee is usually charged by the administrative agent or a similar party to cover administrative costs associated with processing the transfer. By establishing a clear and standardized fee structure for such transactions, the clause ensures transparency and helps prevent disputes over administrative charges during loan assignments.