Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Fee, Arrangement Fee, Broker Fee or similar charge contractually due is authorized to be paid at time of Closing, or if not paid, may be by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.
Appears in 2 contracts
Samples: Loan Agreement (Red Oak Capital Fund IV, LLC), Loan Agreement (Red Oak Capital Fund IV, LLC)
Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Fee, Arrangement Fee, Broker Fee or similar charge contractually due is authorized to be paid at time of Closing, or if not paid, may be by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.
Appears in 2 contracts
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)
Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Feecommitment fee, Arrangement Feearrangement fee, Broker Fee or similar charge contractually due is authorized to be paid at the time of Closing, or if not paid, may be paid by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.
Appears in 1 contract
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC)
Commitment Fee; Arrangement Fee. Borrower hereby agrees that any Commitment Feecommitment fee, Arrangement Feearrangement fee, Broker Fee or similar charge contractually due is authorized to be paid at time of Closing, or if not paid, may be by Lender out of any Reserve Funds held by Lender for the benefit of Borrower without recourse.
Appears in 1 contract
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC)