Common use of Renewal Fee Clause in Contracts

Renewal Fee. Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.

Appears in 6 contracts

Sources: Commercial Loan Agreement, Commercial Loan Agreement (ICON ECI Fund Sixteen), Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.)

Renewal Fee. Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s 's committed amount for the Line of Credit upon any renewal of the Line of Credit.

Appears in 2 contracts

Sources: Commercial Loan Agreement (ICON Leasing Fund Twelve, LLC), Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.)