Common use of Revolving Credit Extension Fee Clause in Contracts

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extension.

Appears in 10 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)

AutoNDA by SimpleDocs

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Loan Termination Date is being extended in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender approving such extension a fee equal in an amount to 0.125% of be determined by the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on Borrower and the effective date of each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extensionAdministrative Agent.

Appears in 9 contracts

Samples: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.), Credit Agreement (LGI Homes, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.075% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each for any such extension. Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 5 contracts

Samples: Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14.2.16, the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.20% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the extension of the Revolving Termination Date pursuant to such extensionSection.

Appears in 4 contracts

Samples: Credit Agreement (American Realty Capital Trust IV, Inc.), Credit Agreement (American Realty Capital Properties, Inc.), Credit Agreement (American Realty Capital Trust III, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% seventy-five thousandths of one percent (0.075%) of the amount of such Revolving Lender’s Revolving Commitment so extended (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 3 contracts

Samples: Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Loan Termination Date in accordance with Section 2.14.2.23, the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.0625% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 3 contracts

Samples: Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% two tenths of one percent (0.20%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 3 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Loan Termination Date is being extended in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal in an amount to 0.125% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension. Such fee shall be due determined by Borrower and payable in full on, and as a condition precedent to, the effective date of each such extensionAdministrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Loan Termination Date is being extended in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender approving such extension a fee equal in an amount to 0.125% of be determined by the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension. Such fee shall be due and payable in full on, and as a condition precedent toBorrower, the effective date of each such extensionAdministrative Agent and the Joint Lead Arrangers.

Appears in 2 contracts

Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)

Revolving Credit Extension Fee. If Each time the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% one-sixteenth of one percent (0.0625%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full onpaid to the Administrative Agent prior to, and as a condition precedent to, the effective date of each such extension.

Appears in 2 contracts

Samples: Credit Agreement (United Dominion Realty L P), Credit Agreement (United Dominion Realty L P)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.14., the Borrower Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% seventy-five thousandths of one percent (0.075%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Maturity Date in accordance with Section 2.14., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% fifteen hundredths of one percent (0.15%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be fully earned and due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 2 contracts

Samples: Credit Agreement (Hudson Pacific Properties, L.P.), Credit Agreement (Hudson Pacific Properties, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Loan Termination Date is being extended in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal in an amount to 0.125% of be determined by the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on Borrower and the effective date of each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extensionAdministrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.12., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.35% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Notice pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Parkway Properties Inc)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Maturity Date in accordance with Section 2.14., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% fifteen hundredths of one percent (0.15%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be fully earned and due and payable in full on, and as a condition precedent to, on the effective date of each such extensionthe extension is effective.

Appears in 1 contract

Samples: Credit Agreement (Spirit Realty Capital, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.20% of the amount of such Revolving Lender’s 's Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Colonial Realty Limited Partnership)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% fifteen one hundredths of one percent (0.15%) of the amount of such Revolving Lender’s aggregate Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension. Such fee shall be due and payable in full on, on and as a condition precedent to, to the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Properties, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extensionthe Administrative Agent receives the Extension Request pursuant to Section 2.13.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.14.2.13.(a), the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% three-twentieths of one percent (0.15%) of the amount of such Revolving Lender’s Revolving Commitment so extended (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (American Homes 4 Rent)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% one-fifth of one percent (0.20%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Chambers Street Properties)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.14.2.10(a), the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% fifteen hundredths of one percent (0.15%) of the amount of such Revolving Lender’s Revolving Loan Commitment so extended (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (Colony Starwood Homes)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Credit Termination Date in accordance with Section 2.14.2.13, the Borrower shall agrees to pay to the Administrative Agent Agent, for the ratable account of each Revolving Lender Lender, a fee equal to 0.1250.15% of multiplied by the aggregate amount of such Revolving Lender’s Revolving Commitment Commitments (whether or not utilized) in effect as of the date on which the effective date of each Administrative Agent receives such extensionfee. Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Office Properties Income Trust)

Revolving Credit Extension Fee. If Each time the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% one-sixteenth of one percent (0.0625%) of the amount of such extending Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable paid to the Administrative Agent in full onaccordance with the immediately preceding sentence prior to, and as a condition precedent to, the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (UDR, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.15% of the amount of such Revolving Lender’s Revolving Commitment being extended (whether or not such Commitment amount being extended is then being utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Post Apartment Homes Lp)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.12., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Carey Watermark Investors Inc)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.0625% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) payable in effect on the effective date of connection with each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extensionthe Administrative Agent receives the Extension Request pursuant to Section 2.13.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.142.13., the Borrower Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% one-fifth of one percent (0.20%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.12., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.25% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Notice pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Parkway Properties Inc)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.20% of the amount of such Revolving Lender’s Revolving Commitment being extended (whether or not such Commitment amount being extended is then being utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Post Apartment Homes Lp)

AutoNDA by SimpleDocs

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.35% of the amount of such Revolving Lender’s Revolving Commitment being extended (whether or not such Commitment amount being extended is then being utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Post Apartment Homes Lp)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Maturity Date in accordance with Section 2.14.2.12, the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee for each extension equal to 0.125% six and one-quarter hundredths of one percent (0.0625%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be fully earned and due and payable in full on, and as a condition precedent to, on the effective date of each such extensionextension is effective.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Spirit Realty, L.P.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Maturity Date in accordance with Section 2.14.2.12, the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% fifteen hundredths of one percent (0.15%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be fully earned and due and payable in full on, and as a condition precedent to, on the effective date of each such extensionthe extension is effective.

Appears in 1 contract

Samples: Credit Agreement (Spirit Realty Capital, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.15% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Franchise Agreement (Hospitality Properties Trust)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.075% of the amount of such Revolving LenderXxxxxx’s Revolving Commitment (whether or not utilized) in effect on the effective date of each for any such extension. Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Service Properties Trust)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.075% of the amount of such Revolving LenderLxxxxx’s Revolving Commitment (whether or not utilized) in effect on the effective date of each for any such extension. Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Service Properties Trust)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Loan Termination Date in accordance with Section 2.14.2.23(a), the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.12., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% three-twentieths of one percent (0.15%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extension.Section. (e)

Appears in 1 contract

Samples: Credit Agreement (Saul Centers Inc)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender in connection with each request to extend the Revolving Termination Date by six months, a fee equal to 0.1250.0625% of the amount of such Revolving LenderXxxxxx’s Revolving Commitment (whether or not utilized) in effect on at the effective date time of each the payment of such extension. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extensionfee.

Appears in 1 contract

Samples: Credit Agreement (Elme Communities)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Facility Termination Date in accordance with Section 2.14.2.23, the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.15% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.0625% of the amount of such Revolving LenderXxxxxx’s Revolving Commitment (whether or not utilized) payable in effect on the effective date of connection with each such extension. Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extensionthe Administrative Agent receives the Extension Request pursuant to Section 2.13.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty OP LP)

Revolving Credit Extension Fee. If Each time the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14.2.14(a), the Borrower shall pay to the Administrative Agent for the account of each extending Revolving Lender a fee equal to 0.125% one-sixteenth of one percent (0.0625%) of the amount of such extending Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable paid to the Administrative Agent in full onaccordance with the immediately preceding sentence prior to, and as a condition precedent to, the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (UDR, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.12., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% two-tenths of one percent (0.20%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Saul Centers Inc)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.14., the Borrower Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% one-tenth of one percent (0.10%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.075% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (UDR, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving - #PageNum# - Termination Date in accordance with Section 2.14., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.125% one-quarter of one percent (0.25%) of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be fully earned and due and payable in full on, and as a condition precedent to, on the effective date of each the Administrative Agent receives the Extension Request pursuant to such extensionSection.

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, Inc.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date is being extended in accordance with Section 2.14., the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.0625% (6.25 basis points) of the amount of such Revolving Lender’s Revolving Commitment so extended (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and as a condition precedent to, on the effective date of each such extension.

Appears in 1 contract

Samples: Credit Agreement (American Homes 4 Rent, L.P.)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.14., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender in connection with each request to extend the Revolving Termination Date by six months, a fee equal to 0.1250.0625% of the amount of such Revolving LenderXxxxxx’s Revolving Commitment (whether or not utilized) in effect on at the effective date time of each the payment of such extensionfee. Such fee shall be due and payable in full on, and as a condition precedent to, the effective date of each such extension.LEGAL02/40926073v6

Appears in 1 contract

Samples: Credit Agreement (Elme Communities)

Revolving Credit Extension Fee. If the Borrower exercises its right to extend the Revolving Credit Termination Date in accordance with Section 2.142.13., the Borrower shall agrees to pay to the Administrative Agent for the account of each Revolving Lender a fee equal to 0.1250.15% of the amount of such Revolving Lender’s Revolving Commitment (whether or not utilized) in effect on the effective date of each such extension). Such fee shall be due and payable in full on, and on the Revolving Credit Termination Date (as a condition precedent to, the effective date of each in effect immediately prior to giving effect to such extensionextension pursuant to Section 2.13.)

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Parkway Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!