Supplemental Amount Fee Clause Samples

Supplemental Amount Fee. In each Contract Year in which Borrower uses the Supplemental Amount, Borrower shall immediately pay to Lender, on demand, an annual fee in the amount of $5,000, fully earned and payable when the Supplemental Amount is first used. Borrower hereby irrevocably authorize Lender to make advances under the Revolving Loan to make payment of such fee when due.