Common use of Loan Origination Fees Clause in Contracts

Loan Origination Fees. UG will reimburse FSNB a one-time fee upon closing of a loan originated through FSNB of one-half of one percent (.50%) of the original loan amount. This fee is to cover costs incurred by FSNB relating to the origination of the loan. The fee was established at a rate to only cover marginal costs incurred by FSNB with no profit or loss to FSNB.

Loan Origination Fees. UG will reimburse pay FSNB a one-time fee upon closing of a mortgage loan originated or acquired through FSNB of oneONE-half of one percent (.50%) HALF OF ONE PERCENT 00.50% of the original loan amountamount (example: a new mortgage loan of $1,000,000 participated to UG, origination fee would be $5,000). This fee is to cover costs incurred by FSNB relating to the origination of the such loan. The There may be certain circumstances where the fee was established at will be lower or waived. These circumstances will be determined on a rate to loan by loan basis and only cover marginal costs incurred upon agreement by FSNB with no profit or loss to FSNBboth parties.