Common use of Payment of Extension Fee Clause in Contracts

Payment of Extension Fee. Borrower shall pay to 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 six and one-quarter (6.25) basis points on the aggregate Revolving 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 (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable.

Appears in 2 contracts

Samples: Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence 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 Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments an extension fee in an amount equal to six seven and one-quarter half (6.257.5) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 2 contracts

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

Payment of Extension Fee. Borrower The Borrowers shall pay to 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 six and one-quarter (6.25) basis points on the aggregate Revolving 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 (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable.

Appears in 2 contracts

Samples: Credit Agreement (Independence Realty Trust, Inc.), Credit Agreement (Independence Realty 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 six and one-quarter (6.25) basis points on 0.20% of the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable 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 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 six and one-quarter ten (6.2510) basis points on of the aggregate Revolving 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-refundablerefundable under any circumstances.

Appears in 2 contracts

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

Payment of Extension Fee. Borrower The 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 six and one-quarter ten (6.2510) basis points on of the aggregate Revolving 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-refundablerefundable 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 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 six and one-quarter (6.25) basis points on .20% of the aggregate then Total Revolving 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 (as determined without regard to such extension)Commitment, which fee shall, when paid, be fully earned and non-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Unsecured 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 six and one-quarter twenty five (6.2525) basis points of the Total Commitment on the aggregate Revolving 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 . 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-refundablerefundable 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 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 six seven and one-quarter half (6.257.5) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Modiv 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 six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments 0.10% of the Revolving Credit Lenders Total 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Plymouth Industrial REIT Inc.)

Payment of Extension Fee. 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 six and one-quarter ten (6.2510) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (CyrusOne Inc.)

Payment of Extension Fee. Borrower The Borrowers shall pay to 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 six seven and one-quarter half (6.257.50) basis points on the aggregate Revolving 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 (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-non- refundable.

Appears in 1 contract

Samples: Credit Agreement (Independence Realty 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 six and one-quarter fifteen (6.2515) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable 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 six and one-quarter fifteen (6.2515) basis points of the Total Revolving Credit Commitment on the aggregate Revolving 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). 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Highlands REIT, Inc.)

Payment of Extension Fee. Borrower The 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 six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments 0.50% of the Revolving Credit Lenders Total 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (City Office REIT, Inc.)

Payment of Extension Fee. Borrower The 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 six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments 0.25% of the Revolving Credit Lenders Total 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-refundablerefundable 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 six and one-quarter fifteen (6.2515) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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.refundable under any circumstances. 62

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Healthcare Trust, 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 six and onetwenty-quarter five (6.2525) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (American Realty Capital Healthcare Trust Inc)

Payment of Extension Fee. Borrower The 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 six and one-quarter fifteen (6.2515) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable 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 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 six and one-quarter (6.25) basis points on .25% of the aggregate then Total Revolving 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 (as determined without regard to such extension)Commitment being extended, which fee shall, when paid, be fully earned and non-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Unsecured 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 six and one-quarter fifteen (6.2515) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable 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 six and one-quarter twenty five (6.2525) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

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 six and one-quarter twenty (6.2520) basis points on the aggregate Aggregate Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Secured Credit Agreement (Rouse Properties, 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 six and one-quarter twenty (6.2520) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (GTJ 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 six and one-quarter fifteen (6.2515) basis points (0.15%) on the aggregate Revolving Credit Commitments of the Revolving Credit Lenders Total 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-refundablerefundable 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 six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments 0.25% of the Revolving Credit Lenders Total 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Plymouth Industrial REIT 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 Revolving Credit Commitments an extension fee in an amount equal to six and one-quarter (6.25) basis points on the aggregate Revolving Credit Commitments Pro Rata Shares of the Revolving Credit Lenders in effect on Facility an extension fee equal to 0.15% of 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Operating Partnership LP)

Payment of Extension Fee. 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 six and one-quarter fifteen (6.2515) basis points on the aggregate Total Revolving Credit Commitments of the Revolving Credit Lenders 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-refundablerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (CyrusOne Inc.)

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