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Common use of Extension Fee Clause in Contracts

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.16, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% of the amount of such Lender’s Commitment (whether or not utilized).

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

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Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.13., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.150.20% of the aggregate outstanding principal amount of such LenderXxxxxx’s Commitment (whether or not utilized)portion of the Loans. Such fee shall be due and payable in full on the effective date of the extension.

Appears in 1 contract

Samples: Term Loan Agreement (Sunstone Hotel Investors, Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% one-fifth of one percent (0.20%) of the amount then-outstanding principal balance of such Lender’s Commitment (whether or not utilized)the Loan.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% one-quarter percent (0.25%) of the amount then-outstanding principal balance of such Lender’s Commitment (whether or not utilized)the Loan. Such fee shall be payable in connection with each Option to Extend.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

Extension Fee. If Each time the Borrower exercises its right to extend the Maturity Date of any Class in accordance with Section 2.162.14., the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender of such Class a fee in Dollars equal to 0.15% one-eighth of one percent (0.125%) of the amount of such LenderXxxxxx’s Commitment (whether or not utilized)outstanding Loans of such Class. Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Term Loan Agreement (Realty Income Corp)

Extension Fee. If If, pursuant to Section 2.13, the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.16Date, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a an extension fee equal to fifteen one-hundredths of one percent (0.15% %) (i.e. fifteen (15) basis points) of the amount of such Lender’s 's Commitment (whether or not utilized)on the Maturity Date being extended. Such fee shall be paid to the Agent prior to, and as a condition to, each such extension.

Appears in 1 contract

Samples: Unsecured Term Loan Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with pursuant to Section 2.162.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% of the amount of such Lender’s Commitment (whether or not utilized)) at the time of such extension. Such fee shall be due and payable in full on the date the Agent receives the Extension Request pursuant to such Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.14, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% one and one half percent (1.50%) of the amount of such Lender’s Commitment (whether or not utilized). Such fee shall be fully earned and due and payable in full on the date the Administrative Agent receives the Extension Request pursuant to such Section.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Hudson Pacific Properties, L.P.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.162.14, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender a fee (the “Extension Fee”) equal to fifteen one-hundredths of one percent (0.15% %) of each Lender’s Revolving Commitment being extended on the amount effective date of such Lender’s Commitment (whether or not utilized)extension. Such Extension Fee shall be due and payable in full on, and subject to the occurrence of, the effective date of such extension.

Appears in 1 contract

Samples: Credit Agreement (Creative Media & Community Trust Corp)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.150.30% of the amount of such Lender’s Commitment (whether or not utilized)outstanding Loans as of the Original Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

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Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.13., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% three-tenths of one percent (0.30%) of the amount of such Lender’s Commitment (whether or not utilized).

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.15., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.150.25% of the amount of such Lender’s Commitment (whether or not utilized)outstanding Loans as of the Original Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date is extended in accordance with Section 2.162.15, the Borrower agrees to shall pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% two-tenths of one percent (0.20%) of the amount of such Lender’s Revolving Commitment (whether or not utilized).. Such fee shall be due and payable in full on the effective date of such extension

Appears in 1 contract

Samples: Credit Agreement (Equity One, Inc.)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.12., the Borrower agrees to pay to the Administrative Agent for the account of each Lender a an extension fee equal to 0.15% 0.35 percent (0.35%) of the amount of such Lender’s 's Revolving Commitment (whether or not utilized) as of the day immediately prior to the then current Maturity Date (before giving effect to such extension). Such fee shall be paid to the Administrative Agent prior to, and as a condition to, such extension.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

Extension Fee. If the Borrower exercises its right to extend the Maturity Date in accordance with Section 2.162.10, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a fee equal to 0.15% one-quarter percent (0.25%) of the amount of such Lender’s Commitment (whether or not utilized)outstanding Loans as of the applicable Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Lodging Trust)

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