Reimbursement Payment to Lender for Lender Fees and Costs Incurred in Connection With Forbearance; Costs and Expenses Sample Clauses

Reimbursement Payment to Lender for Lender Fees and Costs Incurred in Connection With Forbearance; Costs and Expenses. Upon their execution of this Agreement, Borrower shall owe Lender an amount equal to $50,000.00 (the “Reimbursement Payment”) in order to reimburse Lender for all or part of the fees and costs incurred by Lender in connection with administering the Loan and with the negotiation and drafting of this Agreement, including legal fees and costs, and fees and costs incurred by Lender to third-party providers, advisors, or consultants. The Reimbursement Payment shall be paid to Lender together with the execution and delivery of this Agreement by Borrower Parties to Lender, shall not be applied to the Indebtedness, and shall be a prerequisite to the effectiveness of this Agreement. In addition to the Reimbursement Payment, Borrower acknowledges and agrees that all additional fees and costs related to a default by Borrower under this Agreement incurred by Lender from the Effective Date of this Agreement through the Forbearance Expiration Date shall be payable to Lender upon demand delivered to Borrower. Mezzanine A Loan Forbearance Agreement
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Reimbursement Payment to Lender for Lender Fees and Costs Incurred in Connection With Forbearance; Costs and Expenses. Upon its execution of this Agreement, Borrower shall owe Lender an amount equal to $73,000.00 (the “Reimbursement Payment”) in order to reimburse Lender for all or part of the fees and costs incurred by Lender in connection with administering the Loan and with the negotiation and drafting of this Agreement, including legal fees and costs, and fees and costs incurred by Lender to third-party providers, advisors or consultants. The Reimbursement Fee Payment shall be paid to Lender together with the execution and delivery of this Agreement by Borrower Parties to Lender, shall not be applied to the Indebtedness, and shall be a prerequisite to the effectiveness of this Agreement. In addition to the Reimbursement Payment, Borrower acknowledges and agrees that additional fees and costs, which may include (i) special servicing fees incurred by Lender, at the rate of $3713.78 per day commencing April 3, 2020 through and including June 11, 2020 (“Special Servicing Fees”), and (ii) interest on advances, if any, made by any servicer of Lender (“IOA”), are due and payable to Lender hereunder, or may become due and payable in accordance with the terms and provisions of the Loan Documents, and that such fees and costs, including the Special Servicing Fees and IOA (if any), shall be payable to Lender upon demand delivered to Borrower.
Sample 1

Related to Reimbursement Payment to Lender for Lender Fees and Costs Incurred in Connection With Forbearance; Costs and Expenses

  • Payment of Fees, Costs and Expenses The Administrative Agent shall have received payment of all fees, costs and expenses, including, without limitation, all fees, costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent) in connection with this Amendment, the Credit Agreement and each other Loan Document, as required by Sections 8 and 9 hereof.

  • Collection Costs and Attorneys’ Fees If a Party fails to perform an obligation or otherwise breaches one or more of the terms of this Agreement, the other Party may recover from the non-performing breaching Party all its costs (including actual attorneys’ and investigative fees) to enforce the terms of this Agreement.

  • Termination Fees and Expenses (a) The Company agrees that:

  • Reimbursement of Fees and Expenses The Advisor retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement under the same terms and conditions as it is permitted to receive reimbursement of reductions of its investment management fee under the Investment Advisory Agreement.

  • Attorneys’ Fees, Costs and Expenses In any action or proceeding between Borrower and Bank arising out of or relating to the Loan Documents, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled.

  • Attorneys’ Fees and Costs of Collection Guarantor shall pay on demand all attorneys' fees and all other costs and expenses incurred by Lender in the enforcement of or preservation of Lender's rights under this Guaranty including, without limitation, all reasonable attorneys' fees and expenses, investigation costs, and all court costs, whether or not suit is filed herein, or whether at maturity or by acceleration, or whether before or after maturity, or whether in connection with bankruptcy, insolvency or appeal, or whether in connection with the collection and enforcement of this Guaranty against any other Guarantor, if there be more than one. Guarantor agrees to pay interest on any expenses or other sums due to Lender under this Section 10 that are not paid when due, at a rate per annum equal to the interest rate provided for in the Note. Guarantor's obligations and liabilities under this Section 10 shall survive any payment or discharge in full of the Guaranteed Obligations.

  • Reimbursement of Costs and Expenses Seller shall have paid, or reimbursed Purchaser for, all reasonable and documented out-of-pocket expenses, including but not limited to reasonable legal fees of outside counsel and reasonable and due diligence fees, actually incurred by Purchaser in connection with the development, preparation and execution of this Agreement, the other Transaction Documents and any other documents prepared in connection herewith or therewith.

  • Initial Contribution of Trust Property; Fees, Costs and Expenses The Property Trustee acknowledges receipt from the Depositor in connection with the Original Trust Agreement of the sum of ten dollars ($10), which constituted the initial Trust Property. The Depositor shall pay all fees, costs and expenses of the Trust (except with respect to the Trust Securities) as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such fees, costs and expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such fees, costs or expenses.

  • Loan Expenses Borrower agrees to pay all of the Loan Expenses. Any Loan Expenses paid by Lender shall bear interest commencing on the date demand for repayment thereof is made by Lender until repaid to Lender at the Default Rate and shall be paid by Borrower upon demand, or may be paid by Lender at any time by disbursement of proceeds of the Loan. Any Loan Expenses paid by Lender shall be reimbursed to Lender by Borrower regardless of whether there shall be any disbursements of the Loan.

  • Expenses Borne by JCM In addition to the expenses which JCM may incur in the performance of its investment advisory functions under this Agreement, and the expenses which it may expressly undertake to incur and pay under other agreements with the Trust or otherwise, JCM shall incur and pay the following expenses relating to the Fund's operations without reimbursement from the Fund:

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