Common use of Borrowing Base Increase Fee Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

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Borrowing Base Increase Fee. The Borrowers shall pay to the Agent, Agent for the ratable benefit of the Lenders, Lenders a Borrowing Base increase fee equal to one-quarter of one percent (.25%) of the amount of the $10,000,000 any incremental increase in the Borrowing Base from the amount in effect prior of the Borrowing Base set as of the preceding Determination Date (whether scheduled or made as an Unscheduled Redetermination), said fee to the effectiveness be payable upon notice to Borrowers of this Amendment, which fee is due and payable on the date hereofsuch increase.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Borrowing Base Increase Fee. The Borrowers Borrower agrees that it shall pay to the Agent, Agent for the ratable benefit account of the Lenders, Revolving Lenders a Borrowing Base increase fee equal to one-quarter of one percent (.250.25%) of the amount of the $10,000,000 increase each increase, if any, in the Borrowing Base from above the amount in effect prior to the effectiveness of this Amendment, which then current Borrowing Base. Such fee is shall be due and payable on the effective date hereofof each such increase.

Appears in 1 contract

Samples: Credit Agreement (Matador Resources Co)

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Borrowing Base Increase Fee. The Borrowers Borrower agrees that it shall pay to the Agent, Agent for the ratable benefit account of the Lenders, Lenders a Borrowing Base increase fee equal to one-quarter fifth of one percent (.250.2%) of the amount of the $10,000,000 increase each increase, if any, in the Borrowing Base from above the amount then current Borrowing Base; provided, however, that no such fee shall be payable in effect prior connection with the initial increase of the Borrowing Base to the effectiveness of this Amendment, which $45,000,000. Such fee is shall be due and payable on the effective date hereofof each such increase.

Appears in 1 contract

Samples: Loan Agreement (Matador Petroleum Corp)

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