Common use of Loan Fees Clause in Contracts

Loan Fees. Lender’s obligation to make advances of the Acquisition Loan shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable $22,000 loan fee for the Acquisition Loan which shall be paid to Lender at the closing of the Loans and shall be fully earned when paid. Lender’s obligation to make advances and re-advances out of the Construction Line for any Unit shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable Construction Line loan fee per Unit equal to one half of one percent (0.5%) of the total amount of the Construction Line committed to be advanced for the Unit that Borrower shall pay Lender at the time of the first advance of Construction Line proceeds for each Unit.

Loan Fees. Lender’s obligation to make advances of the Acquisition A&D Loan shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable $22,000 9,325 loan fee for the Acquisition A&D Loan which shall be paid to Lender at the Loan closing of the Loans and shall be fully earned when paid. Lender’s obligation to make advances and re-advances out of the Construction Line for any Unit shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable Construction Line loan fee per Unit equal to one half of one percent (0.5%) of the total amount of the Construction Line committed to be advanced for the Unit that Borrower shall pay Lender at the time of the first advance of Construction Line proceeds for each Unit.

Loan Fees. Lender’s obligation to make advances of the Acquisition A&D Loan shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable $22,000 36,600 loan fee for the Acquisition A&D Loan which shall be paid to the Lender at the Loan closing of the Loans and shall be fully earned when paid. Lender’s obligation to make advances and re-advances out of the Construction Line for any Unit shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable Construction Line loan fee per Unit equal to one half of one percent (0.5%) of the total amount of the Construction Line committed to be advanced for the Unit that the Borrower shall pay Lender at the time of the first advance of Construction Line proceeds for each Unit.

Loan Fees. Lender’s obligation to make advances of the Acquisition A&D Loan shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable $22,000 25,000 loan fee for the Acquisition A&D Loan which shall be paid to Lender at the Loan closing of the Loans and shall be fully earned when paid. Lender’s obligation to make advances and re-advances out of the Construction Line for any Unit shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable Construction Line loan fee per Unit equal to one half of one percent (0.5%) of the total amount of the Construction Line committed to be advanced for the Unit that Borrower shall pay Lender at the time of the first advance of Construction Line proceeds for each Unit.

Loan Fees. Lender’s obligation to make advances of the Acquisition A&D Loan shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable $22,000 26,000 loan fee for the Acquisition A&D Loan which shall be paid to the Lender at the Loan closing of the Loans and shall be fully earned when paid. Lender’s obligation to make advances and re-advances out of the Construction Line for any Unit shall be contingent upon Borrower’s payment to Lender of a fully earned non-refundable Construction Line loan fee per Unit equal to one half of one percent (0.5%) of the total amount of the Construction Line committed to be advanced for the Unit that the Borrower shall pay Lender at the time of the first advance of Construction Line proceeds for each Unit.