Structuring and Amendment Fees Clause Samples
Structuring and Amendment Fees. At the time of the execution and delivery of this Agreement by the Company, Prudential and the Existing Holders, the Company will pay to Prudential or at the direction of Prudential by wire transfer of immediately available funds (a) a structuring fee (herein called the “Structuring Fee”) in the amount of $75,000 and (b) an amendment fee (herein called the “Amendment Fee”) in the amount of $25,000. 2A(8)(ii). Issuance Fee. The Company will pay to each Purchaser in immediately available funds a fee (herein called the “Issuance Fee”) on each Closing Day in an amount equal to 0.10% of the aggregate principal amount of Shelf Notes sold to such Purchaser on such Closing Day.
Structuring and Amendment Fees. The Parent and the Borrower jointly and severally agree to pay to the Lender a structuring and amendment fee of $1,860,000 which fee shall be deemed earned as of the date of this Amendment Agreement payable as follows:
(a) $180,000 upon execution and delivery of this Amendment Agreement by the parties hereto;
(b) $180,000 on the earlier of March 1, 2001 or the Revolving Credit Termination Date; and
(c) $1,500,000 on the earlier of May 31, 2001 or the Revolving Credit Termination Date. The Borrower and Parent agree that the failure to pay the balance of the structuring and amendment fee shall constitute an Event of Default. The Lender acknowledges and agrees that the Borrower shall not be obligated to pay the Lender the unpaid bank fee of $400,000 accrued in 1999.