Common use of Anniversary Fee Clause in Contracts

Anniversary Fee. A fully earned, non-refundable commitment fee of $35,000, on the first anniversary of the Effective Date, provided, however, if Borrower elects, prior to the first anniversary of the Effective Date, to increase the Maximum Dollar Amount to $10,000,000, then an additional $15,000 on the first anniversary of the Effective Date; and

Anniversary Fee. A fully earned, non-refundable commitment fee of $35,00025,000, on the first anniversary of the Effective Date, provided, however, if Borrower elects, prior to the first anniversary of the Effective Date, to increase the Maximum Dollar Amount to $10,000,000, then an additional $15,000 on the first anniversary of the Effective Date; andand is hereby amended in its entirety and replaced with the following

Anniversary Fee. A fully earned, non-refundable commitment fee of $35,00025,000, on the first anniversary of the Effective Date, provided, however, if Borrower elects, prior to the first anniversary of the Effective Date, to increase the Maximum Dollar Amount to $10,000,000, then an additional $15,000 on the first anniversary of the Effective Date; and