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. 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. On the date of any increase in the Borrowing Base which results in an increase in the Borrowing Base beyond the existing Apex Borrowing Base, Borrower shall pay to Administrative Agent for the ratable benefit of each Bank, a borrowing base increase fee equal to one-half of one percent (.50%) on the difference between (i) the existing Apex Borrowing Base, and (ii) the Borrowing Base on the day of such increase of the Borrowing Base after giving effect to such increase.
Borrowing Base Increase Fee. The Borrowers shall pay to the Agent, for the ratable benefit of the Lenders, a Borrowing Base increase fee equal to one-quarter of one percent (.25%) of the amount of the $10,000,000 increase in the Borrowing Base from the amount in effect prior to the effectiveness of this Amendment, which fee is due and payable on the date hereof.
Borrowing Base Increase Fee. On the date of any Redetermination of the Borrowing Base pursuant to Section 4.2 or Section 4.3 that increases the Borrowing Base, Borrowers shall pay to Lender, a Borrowing Base increase fee equal to 0.50% of the amount of the increase to the Borrowing Base.
Borrowing Base Increase Fee. Administrative Agent, for the accounts of the Lenders in accordance with their Applicable Percentages, shall have received payment of a Borrowing Base increase fee in the amount of $62,500.
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 determined by Agent in accordance with then prevailing market conditions and shall be shared among Lenders in accordance with their Applicable Percentages. There shall be no obligation imposed upon Borrower to accept an increase of the Borrowing Base proposed by Lenders. However, if Borrower accepts the increase in the Borrowing Base, the fee shall be due and payable immediately and without regard as to whether Borrower ever borrows the increased amount available under such new Borrowing Base. Determinations of when a fee is due shall be made by Agent and shall be conclusive and binding on the parties absent manifest error.
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. 2.05
