Common use of Borrowing Base Increase Fee Clause in Contracts

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. A fee shall be paid The Borrower agrees to pay the Administrative Agent for the account of the Lenders each Lender a fee 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 three quarters of such increase as determined by Administrative Agent in accordance with then current market conditionsone percent (0.75%) of the incremental increase. There shall be no obligation imposed upon the Borrower to accept an any Proposed Borrowing Base that would increase of the Borrowing Base proposed by the LendersBase. However, if the 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 the whether the Borrower ever borrows the increased amount available under such new Borrowing Base. The determinations of when a fee is due and payable shall be made by the Administrative Agent and shall be conclusive and binding upon the parties absent manifest error.

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 , in the amount of each such fee shall be a percentage of such increase as determined by Administrative Agent set forth in accordance with then current market conditionsthe Fee Letter. 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. Determinations of when a fee is due shall be made by Administrative Agent and shall be conclusive and binding on the parties absent manifest error.