Common use of Third Amendment Fee Clause in Contracts

Third Amendment Fee. The Borrower agrees to pay a fee to the Lenders for their pro rata benefit of $50,000 for their entering into this Third Amendment ("Third Amendment Fee"). The Lenders agree that the Third Amendment Fee will be paid on August 1, 2006, unless the Majority Lenders are reasonably satisfied with the terms of a commitment to refinance the outstanding Loans, such commitment to be from a financial institution reasonably acceptable to the Majority Lenders. Upon satisfaction of such conditions, the Third Amendment Fee shall be waived in its entirety.

Third Amendment Fee. The Borrower agrees to pay a fee to Upon the Lenders for their pro rata benefit execution and delivery of $50,000 for their entering into this the Third Amendment by the Borrower and the Lenders, the Borrower shall immediately pay to each Lender a non-refundable amendment fee (the "Third Amendment Fee"). The Lenders agree that ) equal to 0.50% of such Lender's Pro Rata Share of the aggregate principal amount of the then outstanding Term Loans as of the date of such payment (after giving effect to the prepayments required as of the Third Amendment Fee will be paid on August 1, 2006, unless the Majority Lenders are reasonably satisfied with the terms of a commitment to refinance the outstanding Loans, such commitment to be from a financial institution reasonably acceptable to the Majority Lenders. Upon satisfaction of such conditions, the Third Amendment Fee shall be waived in its entiretyEffective Date)."