Common use of Assumption and Extension Fee Clause in Contracts

Assumption and Extension Fee. Contemporaneous with the execution of this Agreement, Replacement Borrower shall pay an assumption fee and extension of 0.20% (20 bps) of the Loan to Lender in the amount of FORTY THOUSAND FOUR HUNDRED EIGHTY AND NO/100 DOLLARS ($40,480.00) (the "Assumption and Extension Fee"). The Assumption and Extension Fee shall be deemed fully earned as of the date of this Agreement. The Assumption and Extension Fee shall not be refundable for any reason.

Appears in 2 contracts

Samples: Consent to Sale, Assumptions and Second Loan Modification Agreement, Consent to Sale, Assumptions and Second Loan Modification Agreement (Inland Real Estate Income Trust, Inc.)

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Assumption and Extension Fee. Contemporaneous with the execution of this Agreement, Replacement Borrower shall pay an assumption fee and extension of 0.20% (20 bps) of the Loan to Lender in the amount of FORTY TWENTY-ONE THOUSAND FOUR SIX HUNDRED EIGHTY SEVENTY-THREE AND NO/100 06/100 DOLLARS ($40,480.0021,673.06) (the "Assumption and Extension Fee"). The Assumption and Extension Fee shall be deemed fully earned as of the date of this Agreement. The Assumption and Extension Fee shall not be refundable for any reason.

Appears in 1 contract

Samples: Consent to Sale, Assumptions and Second Loan Modification Agreement (Inland Real Estate Income Trust, Inc.)

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Assumption and Extension Fee. Contemporaneous with the execution of this Agreement, Replacement Borrower shall pay an assumption fee and extension fee of 0.20% (20 bps) of the Loan to Lender in the amount of FORTY THIRTY-ONE THOUSAND FOUR ONE HUNDRED EIGHTY EIGHTY-TWO AND NO/100 89/100 DOLLARS ($40,480.0031,182.89) (the "Assumption and Extension Fee"). The Assumption and Extension Fee shall be deemed fully earned as of the date of this Agreement. The Assumption and Extension Fee shall not be refundable for any reason.

Appears in 1 contract

Samples: Consent to Sale, Assumptions and Second Loan Modification Agreement (Inland Real Estate Income Trust, Inc.)

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