Addition Fee Sample Clauses

Addition Fee. In addition to other fees due and payable hereunder, including without limitation, fees due pursuant to Section 2.5.2, Borrower shall pay a fee (the “Addition Fee”) equal to ten basis points (.0010) times the product of (i) the Market Value of the property added to the Collateral Pool in accordance with this Section 2.10 and (ii) the Maximum Loan to Value Ratio, provided that (a) no such fee shall be payable in connection with an addition until such time as the Deemed Maximum Facility Available exceeds the Commitment and (b) at such time as the Deemed Maximum Facility Available exceeds the Commitment, the Market Value described in (i) above shall equal the Market Value of the property being added to the Collateral Pool less any portion of such value necessary to cause the Deemed Maximum Facility Available to equal the Commitment.
AutoNDA by SimpleDocs
Addition Fee. For the addition of a Multifamily Mortgaged Property or Student Housing Mortgaged Property to the Collateral Pool pursuant to Section 3.1 of this Agreement, Sponsor and Borrower shall pay to: (a) Servicer a non-refundable addition fee equal to the amount of 0.0030 times the Allocated Advance Amount for such Multifamily Mortgaged Property or Student Housing Mortgaged Property as applicable; and (b) Lender a non-refundable addition fee equal to the amount of 0.0010 times the Allocated Advance Amount for such Multifamily Mortgaged Property or Student Housing Mortgaged Property as applicable (collectively, the “Addition Fee”).
Addition Fee. For each Mortgaged Property added to the Collateral Pool pursuant to Section 2.9 of this Agreement, Borrower shall pay to Servicer a non-refundable addition fee equal to the amount of twenty basis points (0.0020) times the Allocated Loan Amount for such Mortgaged Property and shall pay to Lender a non-refundable addition fee equal to the amount of ten basis points (0.0010) times the Allocated Loan Amount for such Mortgaged Property, each in accordance with the terms of Section 2.9.3 of this Agreement (collectively, the “Addition Fee”).
Addition Fee. If Lender consents to the addition of the proposed Additional Mortgaged Property to the Collateral Pool, and Borrower elects to add the Additional Mortgaged Property to the Collateral Pool, Borrower shall pay the Addition Fee or Substitution Fee, as applicable, to Lender as one of the conditions to the closing of the Additional Mortgaged Property.]
Addition Fee. For each property added to the Collateral Pool, Borrower shall pay all of Lender's or Servicer's costs and expenses in connection with such addition (including, but not limited to, attorneys' fees) and a fee to Lender, in addition to any other fees payable to Lender upon such addition, in the amount of FIFTEEN THOUSAND and NO/100 Dollars ($15,000.00) (the "Addition Fee"). The Addition Fee shall be due and payable upon consummation of the addition of the proposed real property to the Collateral Pool.
Addition Fee. Borrower shall pay a fee (the "Addition Fee") equal to fifteen ------------ basis points (.0015) of the Additional Collateral Facility of any real property added to the Collateral Pool. The Addition Fee shall be due and payable upon consummation of the addition of the proposed real property into the Collateral Pool.
Addition Fee. For each property added to the Collateral Pool, Borrower shall pay all of Lender’s and Servicer’s costs and expenses in connection with such addition (including, but not limited to, attorneys’ fees) and, in addition to any other fees payable to Lender upon such Addition, a fee to Lender in the amount of FIFTEEN THOUSAND and NO/100 Dollars ($15,000.00) (the “Addition Fee”). The Addition Fee shall be due and payable upon consummation of the addition of the proposed real property to the Collateral Pool. In addition to the foregoing, if at any time after the outstanding principal balance of the Loan has equaled $150 Million, a real property is added to the Collateral Pool, Borrower shall pay an additional origination fee of FIFTY THOUSAND AND NO 100 Dollars ($50,000.00) to NorthMarq for each such property, such fee to be due and payable upon consummation of the addition of the proposed real property to the Collateral Pool.
AutoNDA by SimpleDocs
Addition Fee. Subject to the provisions of Section 2.11 below, Borrower shall pay a ------------ fee (the "Addition Fee") equal to the sum of (i) an amount equal to twenty-five basis points (.0025) of the Additional Collateral Facility of any real property added to the Collateral Pool and (ii) an amount equal to fifteen basis points (.0015) of the Additional Collateral Facility of any real property added to the Collateral Pool, provided however, that the amount determined in (ii) above shall be no less than Twenty-Five Thousand and NO/100 Dollars ($25,000.00) and no more than Seventy-Five Thousand and NO/100 Dollars ($75,000.00). Subject to the provisions of Section 2.11, Borrower shall pay to Lender the Addition Fee ------------ upon consummation of the addition of the proposed real property into the Collateral Pool.
Addition Fee. Borrower shall, in addition to paying Xxxxxxx Mac's costs and expenses, including attorney's fees, pay a fee (the "Addition Fee") equal to ten basis points (.0010) times the Additional Collateral Facility resulting from any real property being added to the Collateral Pool. The Addition Fee shall be due and payable upon consummation of the addition of the proposed real property into the Collateral Pool.
Addition Fee. Borrower shall pay to Lender on the Closing Date for a Addition Request, an Addition Fee; provided, however, that no such fee shall be due with respect to an Additional Mortgaged Property that is added in connection with the increase in the Commitment and the payment of an Expansion Origination Fee.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!