Common use of Annual Administrative Fees Clause in Contracts

Annual Administrative Fees. In order to compensate the Administrative Agent for administering the Construction Loans, the Borrower agrees to pay to the Administrative Agent, for its account, the annual administrative fees set forth in the separate fee letter agreement executed by the Borrower, Bank of America and Banc of America Securities dated June 1, 2001.

Annual Administrative Fees. In order to compensate the Administrative Agent for administering the Construction Term Loans, the Borrower agrees to pay to the Administrative Agent, for its account, the annual administrative fees set forth in the separate fee letter agreement executed by the Borrower, Bank of America and Banc of America Securities dated June 1, 2001.