Amendment and Restatement Fee Sample Clauses
The Amendment and Restatement Fee clause establishes a charge payable by a party, typically the borrower, when the terms of an existing agreement are formally amended and restated. This fee is usually triggered when significant changes are made to the original contract, such as modifying loan terms, covenants, or repayment schedules, and is often specified as a fixed amount or a percentage of the outstanding balance. Its core practical function is to compensate the lender or service provider for the administrative work, legal review, and potential risks associated with renegotiating and updating the agreement, thereby ensuring that the process of amending and restating contracts is managed efficiently and fairly.
Amendment and Restatement Fee. Borrowers shall pay to Agent, for the account of Agent, an amendment and restatement fee in the amount of $210,000, which fee shall be duly earned and payable on the Restatement Effective Date.
Amendment and Restatement Fee. The Borrower shall pay to the Administrative Agents on the Amendment and Restatement Effective Date a fee as separately agreed to for the account of each Lender executing this Amendment and Restatement.
Amendment and Restatement Fee. The Administrative Agent shall ----------------------------- have received from the Company, for the account of each Lender that executed and delivered its counterpart to this Amendment and Restatement by 5:00 P.M. (Pacific time) on August 18, 2000, an amendment and restatement fee equal to the product of 0.25% and the amount of such Lender's Commitment at the Effective Time.
Amendment and Restatement Fee. In consideration for Agent's willingness to enter into this Agreement, Borrower shall pay to Agent, for the benefit of Lenders, a closing fee in the amount of $296,054, in immediately available funds, which fee shall be paid on the Closing Date.
Amendment and Restatement Fee. The Company shall pay to the Agent (for the account of each Effective Date Lender (as defined in the Amendment and Restatement Agreement)) an amendment and restatement fee in the amount and at the times agreed in a Fee Letter.
Amendment and Restatement Fee. Upon the Closing Date, the Borrower shall pay to the Administrative Agent a fee equal to 0.15% of the Revolving Credit Commitments of the Lenders executing this Agreement, and the Administrative Agent shall promptly distribute such fee to the Lenders executing this Agreement in proportion to their respective Revolving Credit Commitments.
Amendment and Restatement Fee. The Borrowers shall ----------------------------- pay to Agent a nonrefundable amendment and restatement fee (the "AMENDMENT AND RESTATEMENT FEE") in Dollars in the amount and on the date set forth in, and to the extent required pursuant to the terms set forth in, the Fee Letter.
Amendment and Restatement Fee. Company shall have paid to ----------------------------- Administrative Agent to be distributed to each Lender executing this Agreement a fee equal to 0.25% of the sum of such Lender's Tranche A Term Loan and Tranche B Term Loan Commitment.
Amendment and Restatement Fee. Receipt by the Bank of an amendment ----------------------------- fee of $25,000, which is fully earned when received and non-refundable.
Amendment and Restatement Fee. In consideration of the agreements of the Lenders contained in this Agreement, the Borrower agrees to pay to the Administrative Agent, for the account of each Lender that delivers an executed counterpart of this Agreement at or prior to 12:00 noon, New York City time, on February 14, 2003, a fee in an amount equal to 0.250% of the sum of such Lender's Revolving Commitment and outstanding Term Loans as of the Restatement Effective Date (determined after giving effect to all reductions of Revolving Commitments, conversions to Tranche R Term Loans and prepayments of Loans that are made on such date); provided that such fee shall not be payable unless and until the Restated Credit Agreement becomes effective as provided in Section 6.