Borrowing Base Increase Fee. Simultaneously with each increase in the Borrowing Base, Borrower shall pay to Administrative Agent for the ratable benefit of each Bank, a borrowing base increase fee in an amount to be mutually agreed upon by Borrower and Administrative Agent in connection with such increase.
Borrowing Base Increase Fee. Administrative Agent shall have received, for the benefit of the Lenders, a Borrowing Base increase fee in an amount equal to thirty seven and a half (37.5) basis points (0.375%) of the amount that the Borrowing Base established pursuant to Section 3 hereof exceeds the Borrowing Base in effect immediately prior to giving effect to such increase in the Borrowing Base.
Borrowing Base Increase Fee. A fee shall be paid to Administrative Agent for the account of the Lenders for each incremental increase in the new Borrowing Base over the previously existing Borrowing Base. The amount of each such fee shall be a percentage of such increase as determined by Administrative Agent in accordance with then current market conditions. There shall be no obligation imposed upon Borrower to accept an increase of the Borrowing Base proposed by the Lenders. However, if Borrower accepts the increase in the Borrowing Base, the fee determined by Administrative Agent shall be due and payable immediately and without regard as to whether Borrower ever borrows the increased amount available under such new Borrowing Base.
Borrowing Base Increase Fee. The Borrower’s having paid to the Administrative Agent for the account of each Lender an increase upfront fee in an amount equal to 0.40% of the positive amount, if any, equal to (i) such Lender’s share of the Borrowing Base that will be effective upon the effectiveness of this Agreement, minus (ii) such Lender’s share of the Borrowing Base in effect under the Credit Agreement immediately prior to the effectiveness of this Agreement.
Borrowing Base Increase Fee. Borrower agrees to pay to Agent, for the ratable benefit of Banks, a Borrowing Base Increase Fee (hereinafter referred to as the "Borrowing Base Increase Fee") equal to one-half of one percent (.50%) of the amount of any increase in the Elected Borrowing Limit from the amount of the Elected Borrowing Limit as of the preceding determination date, said fee to payable upon notice to Borrower of such increase.
Borrowing Base Increase Fee. Borrower agrees to pay to Bank a Borrowing Base Increase Fee (hereinafter referred to as the "Borrowing Base Increase Fee") equal to one-fourth of one percent ( 1/4%) of the amount of any increase in the Borrowing Base from the amount of the Borrowing Base set as of the preceding Determination Date, said fee to be payable upon notice to Borrower of such increase.
Borrowing Base Increase Fee. Company shall pay to Administrative --------------------------- Agent, for the account of all Banks, an additional fee upon each subsequent increase to the Borrowing Base that is agreed to by Banks according to Section 2.01(a) and Article 5 hereof in an amount that is agreed to between Company and Banks as a condition precedent to the increase to the Borrowing Base by Banks.
Borrowing Base Increase Fee. Borrower agrees that it shall pay to Agent for the account of the Lenders a fee equal to one-fifth of one percent (0.2%) of the amount of each increase, if any, in the Borrowing Base above the then current Borrowing Base; provided, however, that no such fee shall be payable in connection with the initial increase of the Borrowing Base to $45,000,000. Such fee shall be due and payable on the effective date of each such increase.
Borrowing Base Increase Fee. A fee shall be paid for each incremental increase in the new Borrowing Base over the previously existing Borrowing Base. The amount of each such fee shall be one quarter of one percent (0.25%) of the incremental increase. There shall be no obligation imposed upon the Borrower to accept an increase of the Borrowing Base proposed by the Lenders. However, if the Borrower accepts the increase in the Borrowing Base, the fee shall be due and payable immediately and without regard as to whether the Borrower ever borrows the increased amount available under such new Borrowing Base. Determinations of when a fee is due shall be made by Bank and shall be conclusive and binding on the parties absent manifest error. Determinations of when a fee is due shall be made by the Agent and shall be conclusive and binding on the parties absent manifest error.
Borrowing Base Increase Fee. The Administrative Agent shall have received payment of all fees and other amounts due and payable, including, for the account of each Lender party to this Amendment, a Borrowing Base increase fee equal to the product of (a) 1 bp per $1,000,000 of such Lender’s approved credit amount and (b) the difference between such Lender’s Commitment and such Lender’s highest Commitment previously in effect, payable on the Fifth Amendment Effective Date.
