Common use of Lenders’ Upfront Fee Clause in Contracts

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender at Closing Date an upfront fee in the amount of $12,000. Such upfront fee is for the credit facility committed by Lender under this Agreement and is fully earned on the date paid. It is nonrefundable.

Appears in 1 contract

Samples: Security Agreement (Planar Systems Inc)

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Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender at Closing Date an upfront fee in the an amount of $12,000110,000. Such The upfront fee is for the credit facility facilities committed by Lender under this Agreement and is will be fully earned on the date paid. It The upfront fee paid to Lender is nonrefundablenonrefundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Private Business Inc)

Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender at Closing Date Lender, an upfront fee in the an aggregate amount of $12,000one half of one percent (0.5%) of the Commitment as of the Closing Date. Such upfront fee is for the credit facility committed by Lender under this Agreement and is fully earned on the date paid. It The upfront fee paid to Lender is nonrefundablesolely for its own account and is nonrefundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

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Lenders’ Upfront Fee. On the Closing Date, Borrower shall pay to Lender at Closing Date an upfront fee in the an amount of One Hundred Ninety-Five Thousand Dollars ($12,000195,000). Such The upfront fee is for the credit facility facilities committed by Lender under this Agreement and is will be fully earned on the date paid. It The upfront fee paid to Lender is nonrefundablenon-refundable for any reason whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Private Business Inc)

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