Bank Fee Clause Examples
A Bank Fee clause defines the responsibility for payment of fees charged by banks in connection with a transaction or agreement. Typically, this clause specifies which party must pay for wire transfer fees, processing charges, or other banking costs that arise during the execution of the contract. By clearly allocating these financial obligations, the clause helps prevent disputes over unexpected expenses and ensures transparency regarding transaction-related costs.
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Bank Fee. For and in consideration of the Bank entering into this Amendment, the Borrower shall pay to the Bank a fee in the amount of Twenty-Five Thousand Dollars ($25,000.00), due and payable in full on the Effective Date. Borrower consents to Bank charging Borrower's Revolving Line of Credit loan account for any such fee.
Bank Fee. (a) We shall charge a transfer fee each time funds are transferred by us or received by us in connection with this Agreement.
(b) You shall pay us all bank commission and other charges and expenses incurred or payable by us in relation to this Agreement and the arrangements contemplated in it on demand.
Bank Fee. This is the fee charged by the Banking Partner for the Bank Product. This fee will be deducted from the taxpayer's refund.
Bank Fee. In consideration for having agreed to make the Loan, as described herein, the Bank shall receive from the Borrower a commitment fee in the amount of Twenty-Four Thousand Seven Hundred Twenty-Five Dollars ($24,725), which shall be due, payable and earned as of the date of Closing, even if the Loan never closes. Upon payment, the commitment fee shall be the non-refundable property of the Bank, even if, for any reason, the Loan is not made or the principal amount of the Loan ultimately disbursed is less than the maximum principal amount of the Loan specified herein. The commitment fee shall not be considered a prepayment or advance of closing costs or expenses. In the event Completion of the Project is not attained on or before the June 30, 2006, through no fault or lack of diligence by the Borrower, and in the further event there has been no Event of Default that is continuing, then the Borrower may request an extension of the Construction Loan term for up to ninety (90) days which the Bank may, in its sole and absolute discretion, grant only upon payment of a $2,000 extension fee.
Bank Fee. Bank's receipt of an extension and amendment fee of -------- $10,000;
Bank Fee. DORAL will charge a non refundable bank fee in the amount of THIRTY FIVE THOUSAND DOLLARS ($35,000). This commission will be included in the first disbursement of the LOAN, earned completely by DORAL at that moment and deducted and charged by DORAL from the product of the disbursement of the LOAN. Such fee will not be refundable.
Bank Fee. For and in consideration of the Bank entering into this Amendment and increasing the maximum principal amount available to the Borrower under the Revolving Line of Credit Loan, the Borrower shall pay the Bank a fee in the amount of Twenty-five Thousand Dollars ($25,000.00); provided, however, that such fee shall only be due and payable in the event that the Parent issues additional capital stock within the twelve (12) month period from the date hereof, and the proceeds of such issuance are used, in whole or in part, to pay down the outstanding principal amount under the Revolving Line of Credit Loan by an amount in excess of $1,000,000.00.
Bank Fee. Borrower agrees to pay each Bank that has executed this Amendment on or before the close of business on April 2, 1997 an amendment fee of Two Thousand Dollars ($2,000.00). The amendment fee will be paid to each such Bank on or before April 7, 1997. Executed as of the date first written above. BORROWER: -------- SOFTWARE SPECTRUM, INC. By: /s/ DEBOXXX X. XXXXXX ------------------------------------ Deboxxx X. Xxxxxx Vice President Accepted and agreed to: SPECTRUM INTEGRATED SERVICES, INC. By: /s/ DEBOXXX X. XXXXXX ------------------------------------ Deboxxx X. Xxxxxx Secretary/Treasurer TEXAS COMMERCE BANK NATIONAL ASSOCIATION, individually as a Bank and as the Agent By: ------------------------------------ Name: ------------------------------- Title: ------------------------------ FIFTH AMENDMENT TO CREDIT AGREEMENT - Page 6 7 OTHER BANKS: ----------- BANQUE PARIBAS By: ----------------------------------- Name: ------------------------------ Title: ----------------------------- By: ----------------------------------- Name: ------------------------------ Title: ----------------------------- NATIONAL CITY BANK, KENTUCKY By: ----------------------------------- Name: ----------------------------- Title: ---------------------------- COMERICA BANK By: ----------------------------------- Name: ----------------------------- Title: ----------------------------
Bank Fee. In consideration for the Bank's making the Term Loan to the Borrowers, the Borrowers are concurrently herewith paying to the Bank a fee in the amount of Five Thousand ($5,000) Dollars.
Bank Fee. For and in consideration of the Bank entering into this Amendment and increasing the maximum principal amount available to the Borrower under the Revolving Line of Credit Loan, the Borrower shall pay the Bank a fee in the amount of Twenty-five Thousand Dollars ($25,000.00); provided, however, that such fee shall only be due and payable in the event that the Parent issues additional capital stock within the twelve (12) month period from the date hereof, and the proceeds of such issuance are used, in whole or in part, to pay down the outstanding principal amount under the Revolving Line of Credit Loan by an amount in excess of $1,000,000.00. WPI MAGNETEC, INC. /s/ Michxxx Xxxx By: /s/ Michxxx Xxxxxx ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title WITNESSES: WPI ELECTRONICS, INC. /s/ Michxxx Xxxx By: /s/ Michxxx Xxxxxx ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title WPI TERMIFLEX, INC. /s/ Michxxx Xxxx By: /s/ Michxxx Xxxxxx ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title WPI MICRO PALM, INC. /s/ Michxxx Xxxx By: /s/ Michxxx Xxxxxx ----------------------- ----------------------- Signature and Title Duly Authorized Chairman and CEO ----------------------- Print Name and Title