Common use of SyndTrak Fee Clause in Contracts

SyndTrak Fee. The Borrowers shall pay to Administrative Agent, for its own account and not the account of any Lender, an annual SyndTrak fee ("SyndTrak Fee") equal to $1,500. The SyndTrak Fee will be payable on the Effective Date and on each anniversary thereof until the Final Maturity Date. Such fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

SyndTrak Fee. The Borrowers shall pay to Administrative Agent, for its own account and not the account of any Lender, an annual SyndTrak fee ("“SyndTrak Fee"”) equal to $1,500. The SyndTrak Fee will be payable on the Effective Date and on each anniversary thereof until the Final Maturity Date. Such fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.