Common use of Borrowing Base Increase Fee Clause in Contracts

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 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 date but only to the extent that any such newly determined Elected Borrowing Limit is in excess of $110,000,000. Said fee to payable upon notice to Borrower of such increase.

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 date but only to the extent that any such newly determined Elected Borrowing Limit is in excess of $75,000,000. Said fee to payable upon notice to Borrower of such increase.

Borrowing Base Increase Fee. The Borrower agrees to shall pay to Agent, the Agent for the ratable benefit of Banks, the Lenders a Borrowing Base Increase Fee (hereinafter referred to as the "Borrowing Base Increase Fee") increase fee equal to one-half quarter of one percent (.50.25%) of the amount of any incremental increase in the Elected Borrowing Limit Base from the amount of the Elected Borrowing Limit Base set as of the preceding determination dateDetermination Date (whether scheduled or made as an Unscheduled Redetermination), said fee to be payable upon notice to Borrower of such increase.

Borrowing Base Increase Fee. The Borrower agrees to shall pay to Agent, the Agent for the ratable benefit of Banks, the Lenders a Borrowing Base Increase Fee (hereinafter referred to as the "Borrowing Base Increase Fee") increase fee equal to one-half of one percent (.50%) of the amount of any incremental increase in the Elected Borrowing Limit Base from the amount of the Elected Borrowing Limit Base set as of the preceding determination dateDetermination Date (whether scheduled or made as an Unscheduled Redetermination), said fee to be payable upon notice to Borrower of such increase.