Common use of Termination and Line Reduction Fees Clause in Contracts

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee as follows: (i) $100,000 if the termination or reduction occurs on or before June 30, 2003; (ii) $50,000 if the termination or reduction occurs after June 30, 2003 but on or before July 31, 2003; and (iii) $70,000 if the termination or reduction occurs after July 31, 2003.”

Termination and Line Reduction Fees. If (i) the Lender terminates the Credit Facility is terminated for any reason as of during a Default Period, or if (ii) the Borrower terminates or reduces the Credit Facility on a date other more than ninety (90) days prior to the Maturity Date, or the Borrower reduces the Maximum Line, then the Borrower shall pay to the Lender as liquidated damages and not as a penalty a termination fee in an amount equal to one percent (1%) of the Maximum Line Amount (or the reduction of the Maximum Line Amount, as follows: (i) $100,000 if the termination or reduction occurs on or before June 30, 2003; (ii) $50,000 if the termination or reduction occurs after June 30, 2003 but on or before July 31, 2003; and (iii) $70,000 if the termination or reduction occurs after July 31, 2003case may be).”

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (i) $100,000 two percent (2%) if the termination or reduction occurs on or before June 30, 20031998; and (ii) $50,000 one percent (1%) if the termination or reduction occurs after June 30, 2003 but on or before July 31, 2003; and (iii) $70,000 if the termination or reduction occurs after July 31, 20031998.”

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (i) $100,000 one and one half percent (1.5%) if the termination or reduction occurs on or before June 30May 31, 20032006; and (ii) $50,000 one percent (1.0%) if the termination or reduction occurs after June 30, 2003 but on or before July May 31, 2003; and (iii) $70,000 if the termination or reduction occurs after July 31, 20032006.”

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line or the reduction thereof, as the case may be, as follows: (iA) $100,000 two percent (2.0%) if the termination or reduction occurs on or before June 30March 31, 20032005; and (iiB) $50,000 one percent (1.0%) if the termination or reduction occurs on or after June 30April 1, 2003 2005 but on or before July 31, 2003; and (iii) $70,000 if the termination or reduction occurs after July 31, 2003a date other than Maturity Date.”

Termination and Line Reduction Fees. If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrower reduces the Maximum Line, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the Maximum Line (or the reduction, as the case may be) as follows: (i) $100,000 one and one half percent (1.5%) if the termination or reduction occurs on or before June 30May 31, 20032008; and (ii) $50,000 one percent (1.0%) if the termination or reduction occurs after June 30, 2003 but on or before July May 31, 2003; and (iii) $70,000 if the termination or reduction occurs after July 31, 20032008.”