Common use of Allocation of Loan Fees Clause in Contracts

Allocation of Loan Fees. In respect of the Loan, the Borrower has paid or will pay loan fees in the aggregate amount of $1,000,000.00 (5% of the face amount of the note), which fees shall be allocated among the Lenders as follows: Xxxxx Mortgage Investment Fund $210,000.00 (3% based on its participation Interest) Vestin Mortgage, Inc. $790,000.00 (remaining balance of the loan fee)

Allocation of Loan Fees. In respect of the Loan, the Borrower has paid or will pay loan fees in the aggregate amount of $1,000,000.00 422,205.00 (53.5% of the face amount of the note), which fees shall be allocated among the Lenders as follows: Xxxxx Mortgage Investment Fund $210,000.00 150,000.00 (32.5% based on its participation the Participation Interest) Vestin Mortgage, Inc. $790,000.00 272,205.00 (remaining balance of the loan fee)