Examples of Loan Facility Fee in a sentence
Borrower shall pay Lender a fee in the amount of $10,000 (“Default Fee”), the Revolving Line Facility Fee of $35,000, the Term Loan Facility Fee of $14,000, and the Due Diligence Fee of $600, plus all out-of-pocket expenses.
The effectiveness of this Business Financing Modification Agreement is conditioned upon payment of the Default Fee, Revolving Line Facility Fee, Term Loan Facility Fee, and Due Diligence Fee.
Borrower shall pay the Term Loan Facility Fee to Lender promptly upon the execution of this Agreement and annually thereafter.
To induce CITBC to enter into this Financing Agreement and to extend to the Company the Revolving Loans, the Company shall pay to CITBC a Loan Facility Fee in the amount of $220,000 payable upon execution of this Financing Agreement.
The Loan Facility Fee shall be fully earned on the Closing Date for the term of the Loan (including any Extension Term) but shall be due and payable on each anniversary of the Closing Date.