Waiver of Exit Fee. If you change retailer within 20business days after you receive notice of a change to your rates or charges, we will waive any exit fee.
Waiver of Exit Fee. Notwithstanding the foregoing, Administrative Agent agrees to waive the Exit Fee if (i) the Loan is repaid as a result of a refinancing of the Loan pursuant to a HUD Loan Financing or if a portion of the Loan is repaid as a result of a HUD Project Loan Financing, (ii) the Lenders fail to exercise their right to represent Borrowers in the application to HUD for an FHA mortgage insurance commitment as set forth in Section 11.40, or (iii) the Lenders are not legally qualified under HUD requirements to represent the Borrowers in connection with obtaining such a mortgage insurance commitment.
Waiver of Exit Fee. Upon the election and taking of office of the Syntek Affiliate, Syntek shall, on its own behalf and its successors, waive all of its rights to the payment of any fee which may be required to be paid by the Partnership pursuant to Section 6.5 of the Settlement Agreement. As disclosed in the Partner ship's 1996 Annual Report of Form 10-K and the financial statements contained therein, the Managing General Partner of Syntek calculated the fee owed to Syntek to be $42 million at December 31, 1996.
Waiver of Exit Fee. If Borrower so requests, and Lender elects (in its sole and absolute discretion) to lend against or participate in a senior, permanent loan to the Project (by reason of a refinancing of the Senior Loan) or provide or participate in permanent mezzanine financing related to the Project (by reason of a refinancing of the Loan or an extension of the Maturity Date beyond the Extended Maturity Date for a term of not less than two (2) years), then one-half (1/2) of the Exit Fee that would otherwise be due and payable shall be waived by Lender.
Waiver of Exit Fee. Upon the election and taking of office of the ------------------ Successor General Partner, Syntek shall, on its own behalf and its successors, waive all of its rights to the payment of any fee which may be required to be paid by the Partnership pursuant to Section 6.5 of the Settlement Agreement.
