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 Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments an extension fee in an amount equal to 0.075% of the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 3 contracts

Samples: Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)

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Payment of Extension Fee. The Borrower Borrowers 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 0.075% of twenty five (25) basis points on the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 3 contracts

Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)

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 0.075% of twenty (20) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (Gladstone Commercial Corp)

Payment of Extension Fee. The Borrower Borrowers 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 0.075% ten (10) basis points of the Total aggregate Revolving Commitment Credit Commitments of the Revolving Credit Lenders in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)

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 0.075% of seven and one-half (7.5) basis points on the Total Revolving Credit Commitment in effect on the then applicable current Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (DuPont Fabros Technology LP), Credit Agreement (Dupont Fabros Technology, 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 0.0750.20% of the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (City Office REIT, Inc.), Credit Agreement (City Office 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 0.075% six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments of the Total Revolving Commitment Credit Lenders in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstancesrefundable.

Appears in 2 contracts

Samples: Joinder Agreement (Independence Realty Trust, Inc.), And Consolidated Credit Agreement (Independence Realty Trust, Inc.)

Payment of Extension Fee. The Borrower Borrowers 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 0.075% six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments of the Total Revolving Commitment Credit Lenders in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstancesrefundable.

Appears in 2 contracts

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

Payment of Extension Fee. The Parent 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 0.075% ten (10) basis points of the Total aggregate Revolving Commitment Credit Commitments of the Revolving Credit Lenders in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)

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 0.075% twenty five (25) basis points of the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date Date (as determined without regard to such extension), which . Each such fee shall, shall be due prior to the then applicable Revolving Credit Maturity Date (as determined without regard to such extension) and when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)

Payment of Extension Fee. The Borrower shall pay to the Agent on or before the then effective Revolving Credit Maturity Date for the pro rata accounts account of the Revolving Credit Lenders Banks in accordance with their respective Revolving Credit Commitments Commitment Percentages an extension fee in an amount equal to 0.075.25% of the then Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date (as determined without regard to such extension)being extended, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Master Loan Agreement (Ramco Gershenson Properties Trust)

Payment of Extension Fee. The Borrower Borrowers 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 0.075% seven and one-half (7.50) basis points on the aggregate Revolving Credit Commitments of the Total Revolving Commitment Credit Lenders in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstancesnon- refundable.

Appears in 1 contract

Samples: Credit Agreement (Independence Realty Trust, Inc)

Payment of Extension Fee. The Borrower shall pay to the Agent on or before the then effective Revolving Credit Maturity Date for the pro rata accounts account of the Revolving Credit Lenders Banks in accordance with their respective Revolving Credit Commitments Commitment Percentages an extension fee in an amount equal to 0.075.20% of the then Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 Loan Agreement (Ramco Gershenson Properties Trust)

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 0.075% of ten (10) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (CyrusOne 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 0.0750.25% of the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (Plymouth Industrial 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 0.075% of fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (CyrusOne 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 0.075% of fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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: Credit Agreement (Global Net Lease, 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 0.075% of twenty (20) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date Date (as US_ACTIVE\121755035\V-6 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 (GTJ Reit, Inc.)

Payment of Extension Fee. The Borrower Borrowers 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 0.0750.50% of the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (City Office 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 0.075% fifteen (15) basis points of the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date Date (as determined without regard to such extension). Each such fee shall be due prior to the then applicable Revolving Credit Maturity Date (as determined without regard to such extension) and, which so long as the Revolving Extension Request is effective to extend the Revolving Credit Maturity Date, such extension fee shall, when paid, will be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Highlands REIT, Inc.)

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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 0.075% of twenty (20) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.. (c)

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Payment of Extension Fee. The Borrower shall pay to the Administrative 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 0.075% of twenty (20) basis points on the Total Aggregate Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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: Secured Credit Agreement (Rouse Properties, Inc.)

Payment of Extension Fee. The Borrower Borrowers 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 0.075% of fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (Dupont Fabros Technology, 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 0.075% of fifteen (15) basis points (0.15%) on the Total Revolving Commitment in effect on the then then-applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (Industrial Property Trust 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 0.075% of twenty-five (25) basis points on the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 Unsecured Credit Agreement (American Realty Capital Healthcare Trust 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 0.0750.10% of the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (Plymouth Industrial 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 0.075% of fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as date of such date (as determined without regard extension or on the portion thereof to such extension)be extended pursuant to the Extension Request, which fee shall, when paid, be fully earned and non-refundable under any circumstances.. 62

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Healthcare Trust, 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 0.075% of seven and one-half (7.5) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 (Modiv Inc.)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent on or before the then effective Revolving Credit Termination Date (without regard to such extension request) for the pro rata accounts account of the Revolving Credit Lenders in accordance with their respective Pro Rata Shares of the Revolving Credit Commitments Facility an extension fee in an amount equal to 0.0750.15% of the Total Revolving Commitment in effect on the then applicable total Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (American Campus Communities Operating Partnership 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 0.075% of fifteen (15) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as date of such date (as determined without regard extension or on the portion thereof to such extension)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 Credit Agreement (Healthcare Trust, 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 0.075% of twenty five (25) basis points on the Total Revolving Credit Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such date 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 Borrowers 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 0.0750.25% of the Total Revolving Commitment in effect on the then applicable Revolving Credit Maturity Date, after taking into consideration any reduction in the Revolving Credit Commitments as of such 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 (City Office REIT, Inc.)

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