Common use of CREDIT TERMINATION FEE Clause in Contracts

CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the Borrower, the Borrower shall pay to the Lender a termination fee in an amount equal to one percent (1%) of the Credit Amount in the event that the Credit is terminated or canceled by the Borrower during the period from the date hereof through the one year anniversary of such date.

CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the BorrowerBorrower prior to the Termination Date, the Borrower shall pay to the Lender a termination fee in an amount equal to one percent (1%a) of the Credit Amount in the event that the Credit is terminated $100,000, if such termination occurs at any time prior to March 31, 1997, or canceled by the Borrower during the period from the date hereof through the one year anniversary of such date(b) $75,000 at any time thereafter.

CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the BorrowerBorrower prior to the Termination Date, the Borrower shall pay to the Lender a termination fee in an amount equal to one percent percentage (1%) of the Revolving Credit Amount in the event that the Credit is terminated or canceled by the Borrower during the period from the date hereof through the one year anniversary of such dateAmount.

CREDIT TERMINATION FEE. Upon termination or cancellation of the Credit by the BorrowerBorrower prior to the Termination Date, the Borrower shall pay to the Lender a termination fee in an amount equal to one percent (1%) of the Credit Amount in the event that the Credit is terminated or canceled by the Borrower during the period from the date hereof through the one year anniversary of such date$100,000.