Syndication Fee. On the Effective Date, the Borrowers shall pay to the Agent, solely for the benefit of the Agent, a syndication fee of $31,250 which shall be deemed fully earned and nonrefundable as of the Effective Date (the "Syndication Fee") .
Appears in 2 contracts
Sources: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)