Common use of Payment of Extension Fee Clause in Contracts

Payment of Extension Fee. The Borrower shall pay to the Agent on or before the then effective Termination Date (without regard to such extension request) for the account of the Lenders in accordance with their respective Pro Rata Shares an extension fee equal to one-fifth of one percent (0.20%) of the total 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 Inc)

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Payment of Extension Fee. The Borrower shall pay to the Administrative Agent on or before the then effective Term Termination Date (without regard to such extension request) for the account of the Term Lenders in accordance with their respective Pro Rata Shares an extension fee equal to one-fifth fourth of one percent (0.200.25%) of the total CommitmentTerm Advances outstanding as of the date of such extension, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities 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 account of the Revolving Credit Lenders in accordance with their respective Pro Rata Shares an extension fee equal to one-fifth fourth of one percent (0.200.25%) of the total Revolving Credit 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 Inc)

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Payment of Extension Fee. The Borrower shall pay to the Administrative Agent on or before the then effective Termination Date (without regard to such extension request) for the account of the Lenders in accordance with their respective Pro Rata Shares an extension fee equal to one-fifth half of one percent (0.200.50%) of the total 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 Inc)

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