Common use of INFORMATION FEE Clause in Contracts

INFORMATION FEE. Lender may require additional documentation or information related to this Indebtedness from the Borrower for loan security or file documentation as deemed appropriate and at the sole discretion of Lender or in accordance with covenants described in the Loan Agreement. In the event Borrower fails to provide requested documentation or information within 60 days from written request by Xxxxxx, a fee may be assessed for each incidence in an amount which is the greater of $100.00 or ..03% (.0003) of the outstanding principal balance of the Indebtedness for each incidence. Said fee, if not paid when incurred, will be added to the principal of this Indebtedness.

INFORMATION FEE. Lender may require additional documentation or information related to this Indebtedness from the Borrower for loan security or file documentation as deemed appropriate and at al the sole discretion of Lender or in accordance with covenants described in the Loan Agreement. In the event Borrower fails to provide requested documentation or information within 60 days from written request by XxxxxxLender, a fee may be assessed for each incidence in an amount which is the greater of $100.00 or ..03% (.0003) of the outstanding principal balance of the Indebtedness for each incidence. Said fee, if not paid when incurred, will be added to the principal of this Indebtedness.

INFORMATION FEE. Lender may require additional documentation or information related to this Indebtedness from the Borrower for loan security or file documentation as deemed appropriate and at the sole discretion of Lender or in accordance with covenants described in the Loan Agreement. In the event Borrower fails to provide requested documentation or information within 60 days from written request by XxxxxxLender, a fee may be assessed for each incidence in an amount which is the greater of $100.00 or ..03% (( .0003) of the outstanding principal balance of the Indebtedness for each incidence. Said fee, if not paid when incurred, will be added to the principal of this Indebtedness.