Common use of Lenders’ Upfront Fee Clause in Contracts

Lenders’ Upfront Fee. On the Conditions Effective Date, the Borrower shall pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares, an upfront fee in the agreed amount in accordance with the Agent/Arranger Fee Letter. Such upfront fees are for the credit facilities by the Lenders under this Agreement and are fully earned on the date paid. The upfront fee paid to each Lender is solely for its own account and is nonrefundable for any reason whatsoever.

Lenders’ Upfront Fee. On the Conditions Effective Closing Date, the Borrower shall pay to the Administrative Agent, for the account respective accounts of the Lenders in accordance with pro rata according to their respective Pro Rata Shares, an upfront fee in the agreed an amount set forth in accordance with the a separate letter between Borrower and Administrative Agent/Arranger Fee Letter. Such upfront fees are for the credit facilities committed by the Lenders under this Agreement and are fully earned on the date paid. The upfront fee paid to each Lender Lenders is solely for its their own account and is nonrefundable for any reason whatsoevernonrefundable.