Common use of Borrowing Base Increase Fee Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (Credo Petroleum Corp)

AutoNDA by SimpleDocs

Borrowing Base Increase Fee. On Borrower agrees to pay to Bank from time to time a Borrowing Base Increase Fee (hereinafter referred to as the date "Borrowing Base Increase Fee") equal to one-half of one percent (1/2%) per annum of the amount of any Redetermination increase in the Borrowing Base from the amount of the Borrowing Base pursuant to Section 4.2 or Section 4.3 that increases set as of the Borrowing Basepreceding Determination Date, Borrowers shall pay to Lender, a said Borrowing Base increase fee equal Increase Fee to 0.50% be payable upon notice to Borrower of the amount of the increase to the Borrowing Basesuch increase.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)

Borrowing Base Increase Fee. On Borrower agrees to pay to Bank a Borrowing Base Increase Fee (hereinafter referred to as the date "Borrowing Base Increase Fee") equal to one-fourth of one percent ( 1/4%) of the amount of any Redetermination increase in the Borrowing Base from the amount 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% set as of the amount preceding Determination Date, said fee to be payable upon notice to Borrower of the increase to the Borrowing Basesuch increase.

Appears in 1 contract

Samples: Loan Agreement (Brigham Exploration Co)

AutoNDA by SimpleDocs

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 Borrower shall pay to Lender, a Borrowing Base increase fee equal to 0.50% of the amount of the increase to the Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Earthstone Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.