Modification Fees Sample Clauses
Modification Fees. On the Effective Date, the Plan Debtor shall pay 125 basis points (1.25%) of outstanding unpaid principal balance of the Amended Note (“UPB”) as of the Effective Date to the Secured Debt Holder.
Modification Fees. Borrower shall pay a modification fee to the Lender in connection with this Modification in the amount of One Hundred Thousand and No/100 Dollars ($100,000.00) (the “Seventh Loan Modification Fee”), which fee shall be paid in full on the Effective Date hereof by wire transfer. Borrower has previously agreed to pay a modification fee to the Lender in connection with the Sixth Modification in the amount of Four Hundred Ninety-One Thousand Nine Hundred Eighty-Eight and No/100 Dollars ($491,988.00) (the “Sixth Loan Modification Fee”), which fee shall accrue interest at the Stated Rate from the date of the Sixth Modification until paid in full; such repayment terms being hereafter restated in this Modification. The Sixth Loan Modification Fee shall continue to be due and payable as follows:
(a) On the First Interest Payment Date, Borrower shall make a payment of all then accrued and unpaid interest on the Sixth Loan Modification Fee.
(b) On each and every successive Payment Date thereafter through and including the Maturity Date, Borrower shall make monthly payments of all accrued and unpaid interest on the Sixth Loan Modification Fee.
(c) Commencing January 28, 2012 and continuing on each and every successive Payment Date thereafter through November 28, 2018, in addition to monthly payments of interest on the Sixth Loan Modification Fee, Borrower shall make monthly payments of a portion of the Sixth Loan Modification Fee in the amount of Five Thousand Eight Hundred Fifty-Seven and 00/100 Dollars ($5,857.00) each.
(d) On the Maturity Date, Borrower shall pay the entire unpaid balance of the Sixth Loan Modification Fee, together with all accrued but unpaid interest thereon at the Stated Rate.
Modification Fees. Contemporaneous with the parties’ execution of this Agreement, Borrower has paid the Lender’s non-refundable loan modification fees of $200,000.00 for the Revolving Note and $80,000.00 for the Term Note, receipt of which are hereby acknowledged by Lender.
Modification Fees. Upon the execution of this Amendment No. 4, the Borrower agrees to pay the Banks a fee, in accordance with their respective Commitment Percentage, in the amount of three eighths of one percent (3/8%) of the Advance Value of the Benchmark Apartments and Providence Apartments.
Modification Fees. If Tenant requests any modification or amendment to this Lease, including any request for termination, Tenant shall reimburse Landlord for Landlord's reasonable attorney's fees for the review, negotiation and drafting of each such instrument and for Landlord's reasonable administrative costs incurred in the processing of each such request. The foregoing attorney's fees and administrative costs shall be due and payable upon Landlord's written demand, whether or not the modification, amendment or termination is ultimately executed and delivered.
Modification Fees. Xxxxxxxxx agrees that all costs and expenses associated with the execution, delivery and recordation of this Agreement, including, but not limited to, reasonable attorney’s fees, loan fees, recordation costs and documentary stamp tax, if applicable (together with all interest and penalties thereon, if any) and expenses of title update, shall be paid by Xxxxxxxxx. Xxxxxxxxx agrees to defend, indemnify and hold Mortgagee from any and all such costs and expenses, and agrees that Mortgagee shall not in any way be held liable for such costs and expenses.
Modification Fees. The Borrower hereby agrees to pay the following modification fees:
(i) On January 2, 1997, Borrower shall pay to the Agent (for ratable distribution by the Agent to the Lenders in accordance with their respective pro rata shares of the Commitments as in effect on this date) an initial modification fee in an amount equal to 0.15% of the Commitments as in effect on this date, which fee shall be non-refundable; and
(ii) If by January 31, 1997 (or by February 4, 1997 if the Required Lenders elect to extend such deadline from January 31, 1997 to such date), Borrower has not entered into, and satisfied the initial closing conditions for, an amended and restated credit agreement with the Agent and the Lenders participating therein which amends and restates the Credit Agreement, all on terms and conditions which are mutually satisfactory to the Borrower, the Agent and such Lenders, the Borrower shall pay an additional non-refundable modification fee to the Agent (for ratable distribution to all Lenders in accordance with their respective pro rata shares of the Commitments as in effect on such date) in an aggregate amount of up to $5,000,000, which deferred modification fee shall be calculated and payable as follows: (x) On February 14, 1997, Borrower shall transfer to the Agent (for ratable distribution to all Lenders as aforesaid) shares of the common stock of the Borrower (together with piggy-back registration rights acceptable to the Required Lenders and the Agent) having an aggregate value (based on the average closing price per share of such stock for the last five trading days preceding such transfer date) of $1,250,000, and (y) commencing on January 31, 1997 (or, if extended as provided above, February 4, 1997) and continuing on the last day of February, 1997 and each succeeding calendar month thereafter until the earlier of the date (if any) that the aforesaid amended and restated credit agreement may be entered into and initially closed or the date that the total payments made under this clause (y) equals $3,750,000, Borrower shall pay to the Agent (for ratable distribution to the Lenders as aforesaid) an amount (in immediately available funds) equal to 0.1667% of the aggregate amount of the Commitments on such date. Any and all fees payable by the Borrower to the Agent under clause (y) above on January 31, 1997 (or, if extended as provided above, February 4, 1997) and February 28, 1997, to the extent paid, shall be credited against any incremental fees p...
Modification Fees. Borrower shall have paid a fee in consideration of this Fifth Modification in the sum of $25,000, deemed earned in full on the Fifth Modification Effective Date and payable: (i) $10,000 upon the Fifth Modification Effective Date, and (ii) $15,000 on the Maturity Date set forth in Section 4 of the Schedule, or such earlier date at which Obligations become due by acceleration or otherwise. For the avoidance of doubt, the failure of any of the conditions set forth in this Section 9, unless waived by PFG in its sole discretion, shall constitute an Event of Default.
Modification Fees. (i) The Borrower shall pay to the Administrative Agent on the Closing Date, for the account of each Bank which has committed to fund the "Increase Amount" (as shown on Schedule "1"), non-refundable fees in an amount equal to three-sixteenths of one percent (0.1875%) of the amount of such Bank's "Increase Amount" (as shown on Schedule "1"), for an aggregate fee of $56,250.00.
(ii) The Borrower shall pay to the Administrative Agent on the Closing Date, for the account of each Bank which has funded the "Existing Revolving Commitment" (as shown on Schedule "1"), non-refundable fees in an amount equal to one-tenth of one percent (0.10%) of the amount of such Bank's "Existing Revolving Commitment" (as shown on Schedule "1"), for an aggregate fee of $170,000.00.
Modification Fees. Upon execution of this Fourth Modification, Borrower shall pay to Bank the modification fees described in the letter to Borrower from Bank dated September 20, 2013 regarding the modification of terms and conditions of the Facilities.