Examples of Additional Extension Fee in a sentence
Notwithstanding anything stated to the contrary herein or in the Purchase Agreement, the Additional Extension Fee, once made, shall not be refundable to Buyer under any circumstances unless Seller fails to sell and convey the Property to Buyer when Seller is obligated to do so under the terms and provisions of the Purchase Agreement.
A pilot vessel when not engaged on pilotage duty shall show the lights or shapes for a similar vessel of the same length.
Buyer hereby irrevocably authorizes and directs Escrow Holder to remit the Additional Extension Fee directly to Seller upon Escrow Holder’s receipt of such Additional Extension Fee.
In the event the Company does not elect to pay the Initial Extension Fee or the Additional Extension Fee upon any such Event of Default in accordance with this paragraph, the Notes will be subject to acceleration as provided in Section 7.02.
Each such Additional Extension Fee shall be fully earned, non-refundable and due and payable on the date of such extension of the Waiver Period.
Furthermore, Prime agreed that each of the Initial Deposit and the Additional Extension Fee were non-refundable, but would be applicable to the purchase price at closing.
Again, Prime acknowledged that its failure to pay the Additional Extension Fee would be a default under the terms of the Agreement, entitling ODCA to the remedies set forth in Section 6.1 of the Agreement.
The Additional Extension Fee shall be deemed earned in full upon execution and delivery of this Eleventh Amendment, and concurrently with the Closing, Buyer shall receive a credit against the Purchase Price in the amount of the Additional Extension Fee to the extent received by Seller under this Paragraph 3.
Any additional extensions of the Waiver Period (as such term is amended by paragraph 1 of this agreement) to which the Agent and the Lenders consent (in their sole discretion) will require the Borrowers to pay to the Agent for the account of the Lenders a fee (each an "Additional Extension Fee") in the amount of 3.0% of the Outstanding Amounts.
Prime acknowledged that its failure to pay the Additional Extension Fee would be a default under the terms of the Agreement, entitling ODCA to the remedies set forth in Section 6.1 of the Agreement.