LOAN REFINANCING FEE. The Company shall pay to the Advisor for all qualifying loan refinancings of Properties a Loan Refinancing Fee in the amount up to one percent of the principal amount of the refinanced loan. Any Loan Refinancing Fee shall be due and payable upon the funding of the related loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if the refinanced loan is secured by Property and (i) the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing; or (ii) the terms of the new loan represent, in the judgment of a majority of the Independent Directors, an improvement over the terms of the refinanced loan; or (iii) the new loan is approved by the Board, including a majority of the Independent Directors and, in each case, the Loan Refinancing Fee is found, in the judgment of a majority of the Independent Directors, to be in the best interest of the Company.
LOAN REFINANCING FEE. The Company shall pay to the Advisor for all qualifying loan refinancings of Properties a Loan Refinancing Fee in the amount up to one percent of the principal amount of any loan secured by a Property. Any Loan Refinancing Fee shall be due and payable upon the funding of the related mortgage loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if: the new loan is approved by a majority of the independent directors and found to be in the best interest of the Company, the terms of the new loan represent an improvement over the terms of the refinanced loan, the new loan materially increases the total debt secured by a particular Property or the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing.
LOAN REFINANCING FEE. The Loan Refinancing Fee as defined in Section 9(b) hereof.
LOAN REFINANCING FEE. The Company shall pay to the Manager for all qualifying loan refinancings of Properties a Loan Refinancing Fee in the amount up to one percent of the principal amount of the refinanced loan. Any Loan Refinancing Fee shall be due and payable upon the funding of the related loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if the refinanced loan is secured by Property and (i) the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing; or (ii) the terms of the new loan represent, in the judgment of a majority of the Independent Directors, an improvement over the terms of the refinanced loan; or (iii) the new loan is approved by the Board, including a majority of the Independent Directors and, in each case, the Loan Refinancing Fee is found, in the judgment of a majority of the Independent Directors, to be in the best interest of the Company.
LOAN REFINANCING FEE. The Company shall pay to the Advisor for all qualifying loan refinancings of Properties a Loan Refinancing Fee in the amount of 1% of the principal amount of any loan secured by a Property. Any Loan Refinancing Fee shall be due and payable upon the funding of the related mortgage loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if (i) any new loan is approved by the Independent Directors as being in the best interests of the Company, (ii) payment of the fee is approved by a majority of the Independent Directors, and (iii) the terms of the new loan represent an improvement over the terms of the refinanced loan, the new loan materially increases the total debt secured by a particular Property or the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing.
LOAN REFINANCING FEE. A fee payable to the Advisor or its Affiliates in respect of the refinancing of a loan secured by an Investment.
LOAN REFINANCING FEE. The Company shall pay to the Manager for all qualifying loan refinancings of Properties a loan refinancing fee in the amount up to one percent of the principal amount of the refinanced loan (the “Loan Refinancing Fee”). Any Loan Refinancing Fee shall be due and payable upon the funding of the related loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if the refinanced loan is secured by Property and (i) the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing; or (ii) the terms of the new loan represent, in the judgment of a majority of the Independent Directors, an improvement over the terms of the refinanced loan; or (iii) the new loan is approved by the Board, including a majority of the Independent Directors and, in each case, the Loan Refinancing Fee is found, in the judgment of a majority of the Independent Directors, to be in the best interest of the Company.
LOAN REFINANCING FEE. The Operating LLC shall pay to the Advisor for all qualifying loan refinancings of Properties a loan refinancing fee in the amount up to one percent of the principal amount of the loan obtained as the result of such refinancing (the “Loan Refinancing Fee”). Any Loan Refinancing Fee shall be due and payable upon the funding of the related loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if the loan obtained as the result of such refinancing is secured by Property and (i) the maturity date of the loan that is being refinanced (which must have had an original term of five years or more) is less than one year from the date of the refinancing; or (ii) the terms of the new loan represent, in the judgment of a majority of the Independent Directors, an improvement over the terms of the refinanced loan; or (iii) the new loan is approved by the Board, including a majority of the Independent Directors and, in each case, the refinancing is found, in the judgment of a majority of the Independent Directors, to be in the best interest of CPA: 16.
LOAN REFINANCING FEE. The Company will pay to the Advisor for all qualifying loan refinancings of Properties a "Loan Refinancing Fee" in the amount up to 0.5% of the principal amount of any refinancing loan secured by a Property for which the Advisor renders services. A refinancing will qualify for a Loan Refinancing Fee only if: (A) the new loan is approved by a majority of the Board of Directors and found to be in the best interest of the Company, and (B) the terms of the new loan represent an improvement over the terms of the refinanced loan, the new loan materially increases the total debt secured by a particular Property, or the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing. Any Loan Refinancing Fee shall be due and payable upon the funding of the related mortgage loan or as soon thereafter as is reasonably practicable.
LOAN REFINANCING FEE. The Company shall pay to the Advisor for all qualifying loan refinancings of Properties a Loan Refinancing Fee in the amount of one percent of the principal amount of any loan secured by a Property. Any Loan Refinancing Fee shall be due and payable upon the funding of the related mortgage loan or as soon thereafter as is reasonably practicable. A refinancing will qualify for a Loan Refinancing Fee only if: the terms of the new loan represent an improvement over the terms of the refinanced loan, the new loan materially increases the total debt secured by a particular Property or the maturity date of the refinanced loan (which must have a term of five years or more) is less than one year from the date of the refinancing.
