Common use of Additional Loan Expenses Clause in Contracts

Additional Loan Expenses. The Replacement Borrower hereby covenants and agrees to immediately pay Lender upon the execution and closing of this Agreement, all expenses, charges, costs and fees relating to this Agreement, including, without limitation, Lender’s attorney’s fees in connection with the negotiation, documentation and closing of this Agreement and all other expenses, charges, costs and fees referred to or necessitated by the terms of this Agreement (collectively, the “Additional Loan Expenses”). In the event the Additional Loan Expenses are not paid to Lender upon the execution of this Agreement, the Additional Loan Expenses shall bear interest from the date of execution and closing of this Agreement until paid at the Default Rate.

Appears in 2 contracts

Samples: Modification Agreement (Inland Real Estate Income Trust, Inc.), Modification Agreement (Inland Real Estate Income Trust, Inc.)

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Additional Loan Expenses. The Replacement Borrower hereby covenants and agrees to immediately pay Lender upon the execution and closing of this Agreement, all expenses, charges, costs and fees relating to this Agreement, including, without limitation, Lender’s 's attorney’s 's fees in connection with the negotiation, documentation and closing of this Agreement and all other expenses, charges, costs and fees referred to or necessitated by the terms of this Agreement (collectively, the "Additional Loan Expenses"). In the event the Additional Loan Expenses are not paid to Lender upon the execution of this Agreement, the Additional Loan Expenses shall bear interest from the date of execution and closing of this Agreement until paid at the Default Rate.

Appears in 2 contracts

Samples: Loan Modification Agreement, Loan Modification Agreement (Inland Real Estate Income Trust, Inc.)

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