Upfront Closing Fee. On the Closing Date Borrower shall pay to Lender a one- time non-refundable upfront closing fee equal to Sixty Thousand and 00/100 Dollars ($60,000.00) (“Closing Fee”). Bxxxxxxx agrees and acknowledges that the fees outlined in this Section are earned fully as of the Closing Date and will not be subject to refund, except as required by law. Borrower hereby requests and authorizes Lender to advance directly to itself the Closing Fee against the Revolving Loan Sublimit in accordance with Section 4.3.
Upfront Closing Fee. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement on the Closing Date, as consideration for the funding of such Lender’s Loan, a closing fee in an amount equal to 5.00% of the stated principal amount of the Loan made by such Lender on the Closing Date, payable to such Lender from the proceeds of the Loan made by such Lender as and when funded on the Closing Date. Such closing fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter. Table of Contents
Upfront Closing Fee. The Borrower shall have failed to pay to the Bank the Upfront Closing Fee as provided in the Fee Letter between the Borrower and the Bank.
Upfront Closing Fee. Borrower agrees to pay to BAI, for its own account, in connection with the closing of this Agreement, an upfront closing fee of $87,500, which amount shall be deemed fully earned and shall be payable in full on the Closing Date. With Agent's consent, the amount of the closing fee may be advanced to Borrower as a Revolving Loan.
