Common use of Borrowing Base Increase Fee Clause in Contracts

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. On The Borrower agrees to pay 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 account of each Bank, Lender a borrowing base fee for each incremental increase in the new Borrowing Base over the previous maximum Borrowing Base. The amount of each fee equal to one-half of shall be one and one quarter percent (.501.25%) 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 incremental 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, The Borrower shall agrees to pay to the Administrative Agent for the ratable benefit account of each Bankthe Lenders in connection with any increase of the Borrowing Base, a borrowing base increase fee on the amount of such increase. The borrowing base increase fee shall be in an amount equal to one-half .50% multiplied by the amount of one percent (.50%) the increase and shall be due and payable on the difference between (i) date that the existing Apex Borrowing Base, and (ii) increase to the Borrowing Base on the day of such increase of the Borrowing Base after giving effect to such increase.becomes effective. (d)

Borrowing Base Increase Fee. On Administrative Agent shall have received payment of a Borrowing Base increase fee for the date account of any increase each Lender 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 amount of $225,000 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 incremental increase of the Borrowing Base after giving effect to such increase(0.5% of $45,000,000).

Borrowing Base Increase Fee. On the date 5.4. . In consideration of any each Lender’s agreement to increase in the Borrowing Base which results in an increase in the Borrowing Base beyond the existing Apex Borrowing Baseas described above, Borrower shall will pay to Administrative Agent a Borrowing Base Increase Fee in the aggregate amount of $75,000, which will be allocated equally for the ratable benefit account of each BankLender, a borrowing base increase fee equal to one-half of one percent (.50%) due and payable on the difference between date hereof (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 increaseIncrease Fee”).

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, The Borrower shall agrees to pay to the Administrative Agent for the ratable benefit account of each BankLender, in connection with any increase of the Borrowing Base, a borrowing base increase fee equal to one-half 0.5% times the amount of one percent (.50%) on such increase over the difference between (i) the existing Apex highest previously established Borrowing Base, which fee shall be due and payable within five (ii5) days after the effective date of the increase in the Borrowing Base on the day of such increase of the Borrowing Base after giving effect to such increaseBase.