Accordion Fee. The Borrower shall pay to the Accordion Increase Lender on or about each Accordion Increase Effective Date a fee in the amount and at the times agreed in any Fee Letter between the Borrower and the Accordion Increase Lender.
Accordion Fee. The Borrowers agree to pay an accordion closing fee (the "Accordion Fee") in an amount to be agreed to by the Agent and the Borrowers at the time of the Requested Increase made by the Borrowers in accordance with Section 1.7 of this Agreement. The Accordion Fee shall be due and payable to the Agent, for distribution to the Lenders participating in the Requested Increase (based on each such Lender's pro-rata portion of the Requested Increase), on the date that the Requested Increase is accepted and consented to by the Lenders. The Accordion Fee shall be fully earned by such participating Lenders on the date of such consent and acceptance.
Accordion Fee. In the event that the Maximum Line of Credit is increased pursuant to the terms of Section 2.1(a)(ii) of the Credit Agreement, the Borrowers, jointly and severally, agree to pay to the Lenders an origination fee on account of such increase (the “Accordion Fee”) in the amount of one percent (1.0%) of such increase in the Maximum Line of Credit, which Accordion Fee is deemed fully earned and non-refundable on the date of such increase. As of the date hereof, the Maximum Line of Credit has been increased by $4,000,000 and the Borrowers have paid to the Lenders the Accordion Fee of $40,000 related thereto. The Borrowers shall pay any additional Accordion Fee in cash in full on the date of such additional funding, and no portion of the Accordion Fee shall be subject to refund, rebate or abatement in whole or part.
Accordion Fee. Upon closing of the Accordion (as described on the Term Sheet) the Borrower shall pay an accordion fee to the Lead Arranger in an amount equal to 1.50% of proceeds raised in excess of $71,500,000 (such amounts, the “Accordion Amount”).
