Common use of Payment of Extension Fee Clause in Contracts

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 8 contracts

Samples: Management Agreement (New Senior Investment Group Inc.), Credit Agreement (Four Springs Capital Trust), Credit Agreement (MedEquities Realty Trust, Inc.)

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Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty-five (1525) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 7 contracts

Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (NorthStar Healthcare Income, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Revolving Credit Lenders in accordance with their respective Commitments Revolving Credit Commitments, an extension fee in an amount equal to fifteen twenty (1520) basis points on the Total Revolving Credit Commitment in effect on the Revolving Credit Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 7 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments an extension fee in an amount equal to fifteen ten (1510) basis points on the Total Revolving Credit Commitment in effect on the Revolving Credit Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 6 contracts

Samples: Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.), Assignment and Acceptance Agreement (QualityTech, LP)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the Revolving Credit Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 4 contracts

Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Monogram Residential Trust, Inc.), Credit Agreement (Behringer Harvard Reit I Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen seven and one-half (157.5) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 4 contracts

Samples: Credit Agreement and Other Loan Documents (New Senior Investment Group Inc.), Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Tier Reit Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments an extension fee in an amount equal to fifteen seven and one-half (157.5) basis points on the Total Revolving Credit Commitment in effect on the then-applicable Revolving Credit Maturity Date (as determined without regard to such extension)) or on the portion thereof to be extended pursuant to the Extension Request, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 4 contracts

Samples: Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Oak Street Net Lease Trust), Credit Agreement (Global Net Lease, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty (1520) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 4 contracts

Samples: Credit Agreement (STORE CAPITAL Corp), Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc), Credit Agreement (Mid America Apartment Communities Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen six and one-quarter (156.25) basis points on the Total Commitment in effect on the then current Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Term Loan Lenders in accordance with their respective Term Loan Commitments an extension fee in an amount equal to fifteen twenty (1520) basis points on the Total Commitment in effect aggregate outstanding principal amount of the Term Loans on the Term Loan Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Term Loan Lenders in accordance with their respective Commitments Term Loan Commitment Percentages an extension fee in an amount equal to fifteen ten (1510) basis points on the Total Commitment in effect on Term Loans Outstanding as of the Term Loan Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (Behringer Harvard Reit I Inc), Credit Agreement (Behringer Harvard Reit I Inc)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Revolving Commitments an extension fee in an amount equal to fifteen (15) basis points 0.20% of the Maximum Revolving Commitment on the Total Commitment in effect on the Revolving Loan Initial Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (Vinebrook Homes Trust, Inc.), Revolving Credit Agreement (Vinebrook Homes Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent on or before the then effective Maturity Date for the pro rata accounts account of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen three-quarters of one percent (150.75%) basis points on of the then Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ramco Gershenson Properties Trust), Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Payment of Extension Fee. The Borrower shall pay to the Agent Agent, on the date of exercise by Borrower of the Extension Request, for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty (1520) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (GTJ REIT, Inc.), Credit Agreement and Other Loan Documents (GTJ REIT, Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty-five (1525) basis points on the Total Commitment in effect on Outstanding principal balance of the Loans as of the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Loan Agreement (Meruelo Maddux Properties, Inc.), Loan Agreement (Meruelo Maddux Properties, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twelve and one-half (1512.5) basis points on the Total Commitment Amount in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen fifteen- hundredths of one percent (150.15%) basis points on of the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (Wellsford Real Properties Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen fifty (1550) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on 0.15% of the Total Commitment in effect on the then applicable Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen 15/100ths of one percent (150.15%) basis points on of the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Revolving Loan Commitments an extension fee in an amount equal to fifteen (15) basis points 0.25% of the full Revolving Loan Commitments on the Total Commitment in effect on the Initial Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable nonrefundable under any circumstances.

Appears in 1 contract

Samples: Letter Agreement (NexPoint Residential Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen ten (1510) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.;

Appears in 1 contract

Samples: Term Loan Agreement (Condor Hospitality Trust, Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen 15/100ths of one percent (150.15%) basis points on of the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walden Residential Properties Inc)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent for the pro rata accounts of the Term Loan Lenders in accordance with the outstanding principal amount of their respective Commitments Term Loans an extension fee in an aggregate amount equal to fifteen (15) basis points 0.20% of the outstanding principal amount of the Term Loans on the Total Commitment in effect on the Initial Term Loan Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Aimco Properties L.P.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen forty (1540) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments an extension fee in an amount equal to fifteen five (155) basis points on the Total Commitment in effect on Outstanding principal balance of the Loans as of the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Loan Agreement (Meruelo Richard)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Revolving Commitments an extension fee in an amount equal to fifteen (15) basis points 0.10% of the Maximum Revolving Commitment on the Total Commitment in effect on the Revolving Loan Initial Maturity Date (and the First Extended Maturity Date, as determined without regard to such extension)applicable, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Vinebrook Homes Trust, Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty-five (1525) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent on or before the then effective Maturity Date for the pro rata accounts account of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen (15) basis points on .20% of the then Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Revolving Loan Commitments an extension fee in an amount equal to fifteen (15) basis points 0.15% of the full Revolving Loan Commitments on the Total Commitment in effect on the Initial Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable nonrefundable under any circumstances.

Appears in 1 contract

Samples: Modification of Loan Documents (NexPoint Residential Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen ten (1510) basis points on the Total Aggregate Commitment in effect on the then applicable Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Term Loan Agreement (Retail Opportunity Investments Partnership, LP)

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Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen thirty-five (1535) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Revolving Commitments an extension fee in an amount equal to fifteen (15) basis points 0.200.10% of the Maximum Revolving Commitment on the Total Commitment in effect on the Revolving Loan Initial Maturity Date (and the First Extended Maturity Date, as determined without regard to such extension)applicable, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Vinebrook Homes Trust, Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points 0.25% of the full Commitments on the Total Commitment in effect on the then-effective Initial Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Revolving Credit Agreement (NexPoint Strategic Opportunities Fund)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Revolving Loan Commitments an extension fee in an amount equal to fifteen (15) basis points 0.15% of the full Revolving Loan Commitments on the Total Commitment in effect on the Initial Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable non‐refundable under any circumstances.

Appears in 1 contract

Samples: Revolving Credit Agreement (NexPoint Residential Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty-five (1525) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Cogdell Spencer Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twentyfifteen (152015) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

Payment of Extension Fee. The Prior to the commencement of the extension term, the Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Jernigan Capital, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen fifty (1550) basis points on the Total Commitment in effect Outstanding amount of the Loans on the Initial Maturity Date (as determined without regard to such extension)Date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Dupont Fabros Technology, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty five (1525) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen seven and one-half (157.50) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement and Other Loan Documents (New Senior Investment Group Inc.)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.. The foregoing shall be in lieu of, and not in addition to, any extension fee required under the Administrative Agent Fee Letter. (c)

Appears in 1 contract

Samples: Management Agreement (American Healthcare REIT, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent on or before the then effective Maturity Date for the pro rata accounts account of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen (15) basis points on .25% of the then Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Gramercy Capital Corp)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the Revolving Credit Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (MedEquities Realty Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty-five (1525) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.circumstances.(iv)

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent on or before the then effective Maturity Date (without regard to such extension request) for the pro rata accounts account of the Lenders in accordance with their respective Commitments Pro Rata Shares an extension fee in an amount equal to fifteen fifteen-hundredths of one percent (150.15%) basis points on of the Total Commitment in effect on total outstanding principal balance of the Maturity Date (as determined without regard to such extension)Loans, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Secured Term Loan Agreement (American Campus Communities Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen (15) basis points on 0.15% of the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)of May 1, 1999, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Payment of Extension Fee. The Prior to the commencement of the extension term, the Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Commitment in effect on the Revolving Credit Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Jernigan Capital, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders Banks in accordance with their respective Commitments Commitment Percentages an extension fee in an amount equal to fifteen one- fourth of one percent (150.25%) basis points on of the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)

Payment of Extension Fee. The Borrower Borrowers shall pay to the Administrative Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen (15) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances. The foregoing shall be in lieu of, and not in addition to, any extension fee required under the Administrative Agent Fee Letter.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to fifteen twenty-five (1525) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension)) or on the portion thereof to be extended pursuant to the Extension Request, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

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