Common use of Payment of Extension Fee Clause in Contracts

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent, at the time of the Extension Request, for the benefit of the Lenders holding Line Commitments an extension fee equal to fifteen one-hundredths of one percent (0.15%) of the then-current Aggregate Line Commitment. Following its receipt of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share of such Extension Fee.

Appears in 2 contracts

Samples: Unsecured Credit Agreement (BioMed Realty L P), Unsecured Credit Agreement (BioMed Realty Trust Inc)

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Payment of Extension Fee. The Borrower shall pay have paid to the Administrative Agent, at the time of the Extension Request, Agent for the benefit of the Lenders holding Line on a pro rata basis in accordance with their respective Commitments an extension fee equal to fifteen one-hundredths of one percent (0.15%) .50% of the thenAggregate Commitments, which extension fee shall be deemed earned in full upon receipt and non-current Aggregate Line Commitment. Following its receipt refundable under any circumstance, including any prepayment of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share Loan in full at any time after the effective date of such Extension Feethis Amendment.

Appears in 2 contracts

Samples: Credit Agreement (Five Point Holdings, LLC), Credit Agreement (Five Point Holdings, LLC)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent, at the time of the Extension Request, for the benefit of the Lenders holding Line Commitments Lenders, an extension fee equal to fifteen one-hundredths quarter of one percent (0.150.25%) of the then-current Aggregate Line Commitment. Following its receipt of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share of such Extension Fee.

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty L P)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent, at the time of the Extension Request, for the benefit of the Lenders holding Line Commitments Lenders, an extension fee equal to fifteen one-hundredths tenth of one percent (0.150.10%) of the then-current Aggregate Line Commitment. Following its receipt of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share of such Extension Fee.

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty L P)

Payment of Extension Fee. The Borrower shall pay have paid to the Administrative Agent, at the time of the Extension Request, Agent for the benefit of the Lenders holding Line Commitments each Lender (other than Citibank as a Non-Consenting Lender), an extension fee equal to fifteen one0.31% of each such Lender’s Commitment being extended by this Amendment. Such extension fee shall be paid in immediately available funds and shall be deemed fully earned and non-hundredths refundable upon receipt, irrespective of one percent (0.15%) any subsequent prepayment or acceleration of the then-current Aggregate Line CommitmentMaturity Date. Following its receipt of the Extension FeeFive Point Operating Company, Administrative Agent shall promptly pay LP First Amendment to each Lender its pro rata share of such Extension Fee.A&R Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Five Point Holdings, LLC)

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Payment of Extension Fee. The Borrower shall pay to the Administrative Agent, at the time of the Extension Request, for the benefit of the Lenders holding Line Commitments Banks an extension fee equal to fifteen one-hundredths of one percent (0.15%) of the then-current Aggregate Line Commitment. Following its receipt of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share of such Extension Fee.

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc)

Payment of Extension Fee. The Borrower shall pay have paid to the Administrative Agent, at the time of the Extension Request, Agent for the benefit of the Lenders holding Line on a pro rata basis in accordance with their respective Commitments an extension fee equal to fifteen one-hundredths of one percent (0.15%) .25% of the thenAggregate Commitments, which extension fee shall be deemed earned in full upon receipt and non-current Aggregate Line Commitment. Following its receipt refundable under any circumstance, including any prepayment of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share Loan in full at any time after the effective date of such Extension Feethis Amendment.

Appears in 1 contract

Samples: Credit Agreement (Five Point Holdings, LLC)

Payment of Extension Fee. The Borrower shall pay to the Administrative Agent, at Agent on or before the time of the Extension Request, then effective Termination Date (without regard to such extension request) for the benefit account of the Lenders holding Line Commitments in accordance with their respective Pro Rata Shares an extension fee equal to fifteen one-hundredths fifth of one percent (0.150.20%) of the thentotal Commitment, which fee shall, when paid, be fully earned and non-current Aggregate Line Commitment. Following its receipt of the Extension Fee, Administrative Agent shall promptly pay to each Lender its pro rata share of such Extension Feerefundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Inc)

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