Common use of RESCISSION FEE Clause in Contracts

RESCISSION FEE. The Borrower may elect not to borrow all or any portion of the CFC Commitment in which event CFC shall release the Borrower from its obligations hereunder, provided the Borrower complies with such terms and conditions as CFC may impose for such release including, without limitation, payment of any rescission fee that CFC may from time to time prescribe, pursuant to its policies of general application.

Appears in 2 contracts

Samples: Loan Agreement (Cap Rock Energy Corp), Loan Agreement (Cap Rock Energy Corp)

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RESCISSION FEE. The Borrower may elect not to borrow all or any portion of the CFC Commitment in which event CFC shall release the Borrower from its obligations hereunder, provided the Borrower complies with such terms and conditions as CFC may impose for such release includingrelease. All loan proceeds remaining unadvanced at the end of the capitalized interest period (June 1, 1991) will be rescinded without limitation, payment of any rescission a fee that CFC may from time to time prescribe, pursuant to its policies of general applicationthe Borrower.

Appears in 1 contract

Samples: Loan Agreement (Cap Rock Energy Corp)

RESCISSION FEE. The Borrower may elect not to borrow all or any portion of the CFC Commitment in which event CFC shall release the Borrower from its obligations hereunder, hereunder provided the Borrower complies with such terms and conditions as CFC may impose for such release including, without limitation, payment of any rescission fee that CFC may from time to time prescribe, pursuant to its policies of general application.

Appears in 1 contract

Samples: Consolidating Loan Agreement (Cap Rock Energy Corp)

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RESCISSION FEE. The Borrower may elect not to borrow all or any portion of the CFC Commitment in which event CFC shall release the Borrower from its obligations obligation hereunder, provided the Borrower complies with such terms and conditions as CFC may impose for such release including, without limitation, payment of any rescission fee that CFC may from time to time prescribe, pursuant to its policies of general application.

Appears in 1 contract

Samples: Loan Agreement (Cap Rock Energy Corp)

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