Line Increase Fee Sample Clauses

Line Increase Fee. Borrowers shall pay to Agent, for the benefit of Lenders, as a line increase fee, Sixty-Two Thousand Five Hundred Dollars ($62,500), which fee shall be fully earned as of and payable on the date hereof.
AutoNDA by SimpleDocs
Line Increase Fee. If Borrower requests and Bank agrees to increase the amount of credit available to Borrower under the Revolving Line to an amount in excess of Fifteen Million Dollars ($15,000,000), a fully earned, non-refundable line increase fee in the amount of one tenth of one percent (.10%) of any such increase payable (i) if the increase occurs prior to June 24, 2016: (1) on the date of any such increase, on a pro-rated basis for the number of days from the date of the line increase until the first anniversary of the Effective Date and (2) on the first anniversary of the Effective Date or (ii) if the increase occurs on or after June 24, 2016, on the date of such increase, on a pro-rated basis for the number of days from the date of the line increase until the Revolving Line Maturity Date;
Line Increase Fee. In connection with this Amendment, Borrower agrees to pay a line increase fee of $50,000 due simultaneously herewith.
Line Increase Fee. A line increase fee, which may be paid by way of a charge against Borrowers’ loan account, in the amount of Fifty Thousand Dollars ($50,000), which fee is fully earned as of and due and payable on the date hereof.
Line Increase Fee. On the effective date of any election by Borrower to increase the Maximum Amount (other than any such effective date that coincides with an anniversary of the Closing Date), a fee equal to the PRODUCT of (i) the amount by which the Maximum Amount is increased on such effective date, TIMES (ii) the fraction equal to the number of days from and including such effective date through and including the next anniversary of the Closing Date DIVIDED BY 360, TIMES (iii) (A) if such effective date occurs prior to the first anniversary of the Closing Date, one percent (1.00%), and, (B) if such effective date occurs thereafter, one half percent (0.50%), such fee to be fully earned on each such date.
Line Increase Fee. In consideration of each increase in the Maximum ----------------- Credit as provided for in Section 3.5 hereof, Borrower shall, on the effective date of any increase in the Maximum Credit, pay to Agent, for the benefit of Lender, a line increase fee in the amount equal to one-third (1/3%) percent of the amount of each such increase in the Maximum Credit, which fee shall be fully earned and payable as of the date of such increase.
Line Increase Fee. Borrower shall pay to Congress a line increase fee in the amount of $150,000, which amount shall be payable simultaneously with the execution hereof and shall be deemed fully earned as of the date hereof. Such line increase fee, may, at Congress' option be charged directly to any account of Borrower maintained with Congress.
AutoNDA by SimpleDocs
Line Increase Fee. If Borrower requests and Bank agrees to increase the amount of credit available to Borrower under the Revolving Line to an amount in excess of Fifteen Million Dollars ($15,000,000), a fully earned, non-refundable line increase fee in the amount of one tenth of one percent (.10%) of any such increase payable on the date of such increase, on a pro-rated basis for the number of days from the date of the line increase until the Revolving Line Maturity Date;
Line Increase Fee. In consideration of the amendments set forth herein, Borrower shall pay to Lender a line increase fee in the amount of $25,000, which fee shall be fully earned and payable as of the date hereof.
Line Increase Fee. On the effective date of any increase in the Maximum Amount, a fee equal to the product of (i) the amount by which the Maximum Amount is increased on such effective date, times (ii) 1.25%.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!