Assumption Fee. The Lender shall receive an assumption fee equal to the greater of (i) $7,500 and (ii) of one-quarter percent (0.25%) of the outstanding balance of the Loan, and the Borrower shall agree to reimburse the Lender’s out-of-pocket expenses incurred in connection with the proposed transfer, including title updates and endorsement charges, recording fees, any applicable taxes and attorneys’ fees, regardless of whether the transfer is consummated.
Appears in 5 contracts
Samples: Credit Agreement, Angeles Partners X, United Investors Income Properties
Assumption Fee. The Lender shall receive an assumption fee equal to the greater of (i) $7,500 and (ii) of one-quarter one percent (0.251%) of the outstanding balance of the Loan, and the Borrower shall agree to reimburse the Lender’s out-of-pocket expenses incurred in connection with the proposed transfer, including title updates and endorsement charges, recording fees, any applicable taxes and attorneys’ fees, regardless of whether the transfer is consummated.
Appears in 3 contracts
Samples: RREEF Property Trust, Inc., GTJ Reit, Inc., Security Agreement (NNN Apartment REIT, Inc.)
Assumption Fee. The Lender shall receive an assumption fee equal to the greater of (i) $7,500 and (ii) of one-quarter one percent (0.251%) of the outstanding balance of the LoanLoan , and the Borrower shall agree to reimburse the Lender’s out-of-pocket expenses incurred in connection with the proposed transfer, including title updates and endorsement charges, recording fees, any applicable taxes and attorneys’ fees, regardless of whether the transfer is consummated.
Appears in 1 contract
Samples: AmREIT, Inc.
