Forbearance Extension Fee Sample Clauses

Forbearance Extension Fee. In consideration of Congress' agreement to extend the Forbearance Period on the terms and conditions set forth herein, and to continue forbearing with respect to the Existing Defaults during the Forbearance Period, as so extended, and for other good and valuable consideration, the receipt of which is hereby acknowledged by Borrower, Borrower agrees to pay to Congress a fee in the amount of $5,000, which fee is earned in full and payable on the date hereof and may, at Congress' option, be charged to any account of Borrower maintained by Congress.
Sample 1
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Forbearance Extension Fee. Borrower shall pay Bank a forbearance extension fee of $5,000.00 (the “Extension Fee”), which Extension Fee is deemed earned upon execution of this Agreement and is not refundable in whole or in part. $1,500 of the Extension Fee shall be due and payable upon execution of this Agreement, with the balance of $3,500 to be paid upon the earlier of April 1, 2019 or the date upon which the Existing Debt is paid in full.
Sample 1
Forbearance Extension Fee. In consideration of the limited agreement of the Lenders to extend the Forbearance Period as provided herein, Borrowing shall pay to Agent for the account of the Lenders a forbearance extension fee in the amount of $225,000, which fee shall be deemed fully earned and non-refundable for any reason whatsoever and shall be due and payable not later than December 12, 2019. Borrower hereby authorizes Agent to deduct the forbearance extension fee from the deposit account maintained with Agent ending with the last four digits 0410.
Sample 1
Forbearance Extension Fee. Borrowers agree to pay to the Agent, for the ratable benefit of the Lenders in accordance with their respective Revolving Loan Percentages as of the date hereof, a forbearance extension fee in the aggregate amount of $50,000 (the “Forbearance Extension Fee”). The Forbearance Extension Fee shall be due and payable, fully earned and non-refundable as of the date of this Agreement.
Sample 1
Forbearance Extension Fee. In consideration for the agreement of Lenders to enter into this Amendment, Borrower shall pay to Agent for the account of the Lenders a forbearance amendment fee in the amount of 100 basis points of the outstanding principal amount of the Loans (the “Amendment Fee”), which Amendment Fee shall be deemed fully earned and non-refundable for any reason whatsoever and shall be due and payable on December 16, 2019 after giving effect to the rollover of the LIBOR Loan due on such Payment Date. In lieu of cash payment, the Amendment Fee may be paid in kind by capitalizing the amount thereof and adding it to the principal amount of the Loans, whereby the principal amount of each outstanding LIBOR Loan shall thereafter increase by 100 basis points and such increase shall become part of the principal amount of such LIBOR Loan and bear interest in accordance with the Credit Agreement for all purposes.
Sample 1

Related to Forbearance Extension Fee

  • Extension Fee If the Borrower exercises its right to extend the Termination Date in accordance with Section 2.12., the Borrower agrees to pay to the Agent for the account of each Lender a fee equal to two-tenths of one percent (0.20%) 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.

  • Payment of Extension Fee The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to twenty-five (25) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

  • Amendment; Extension; Waiver (a) This Agreement may be amended by the parties hereto at any time prior to the Offer Closing Time. At any time prior to the Offer Closing Time, the parties hereto may (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties contained in this Agreement or in any document delivered pursuant to this Agreement or (iii) waive compliance with any of the agreements or conditions contained in this Agreement (subject to Section 2.01). This Agreement may not be amended or supplemented after the Offer Closing Time. (b) This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto. Any agreement on the part of a party hereto to any extension or waiver with respect to this Agreement shall be valid only if set forth in an instrument in writing signed on behalf of such party. The failure of any party hereto to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of such rights.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Modification Fee In consideration of the Lenders amending the Loan Agreement as provided herein, each Borrower jointly and severally agrees to pay to the Agent for the account of each Lender approving this Amendment (which approval is evidenced by its signature below) a modification fee in an amount equal to one-half of one percent (0.50%) of such Lender’s Commitment.

  • Extension; Waiver At any time prior to the Effective Time any party hereto may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.

  • Renewal Fee Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.

  • Forbearance Fee In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Forbearance Amendment and Fifteenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected upon the execution of this Agreement.

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Interim Extension Amendment a. Prior to or on the expiration date of this Contract, the Parties agree that this Contract can be extended as provided under this Section. b. The System Agency will provide written notice of interim extension amendment to the Grantee under one of the following circumstances: 1. Continue provision of services in response to a disaster declared by the governor; or 2. To ensure that services to clients continue without interruption. c. The System Agency will provide written notice of the interim extension amendment that specifies the reason and length of time for the extension. d. Grantee will provide and invoice for services in the same manner as stated in the Contract. e. An interim extension under Section (b)(1) above will extend the term of the contract not longer than 30 days after governor's disaster declaration is declared unless the Parties agree to a shorter period of time. f. An interim extension under Section (b)(2) above will be a one-time extension for time determined by the System Agency.

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