Common use of Additional Upfront Fees Clause in Contracts

Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee in an amount equal to 25 basis points on such Lender’s Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.3, upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.3, the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.

Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 Amount (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee fee, in an amount equal to 25 basis points on be agreed upon between the Borrower and the Administrative Agent, according to such Lender’s Applicable Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.33.04(d), upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.33.04(d), the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.

Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 Amount (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee fee, in an amount equal to 25 basis points on be agreed upon between the Borrower and the Administrative Agent, according to such Lender’s Applicable Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.33.04(d), upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.33.04(d), the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.

Additional Upfront Fees. In Except as provided in Section 2.10(a), in the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 Amount (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee fee, in an amount equal to 25 basis points on be agreed upon between the Borrower and the Administrative Agent, according to such Lender’s Applicable Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.33.04(d), upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.33.04(d), the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.

Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 $75,000,000 (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee fee, in an amount equal to 25 basis points on be agreed upon between the Borrower and the Administrative Agent, according to such Lender’s Applicable Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.33.04(d), upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.33.04(d), the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.