Common use of Activation Fees Clause in Contracts

Activation Fees. (i) On the date on which Revolving Credit Facility B becomes effective in accordance with Section 2.6, the Borrower shall pay to the Lender a closing fee in the amount of $25,000 (the "Revolving Credit Facility B Closing Fee") in connection with the establishment of Revolving Credit Facility B and in consideration of the making of Loans thereunder and in order to compensate the Lender for the costs associated with structuring, processing, approving and closing Revolving Credit Facility B and the Loans thereunder, but excluding expenses for which the Borrower has agreed elsewhere in this Agreement to reimburse the Lender. (ii) On the date on which Revolving Credit Facility C becomes effective in accordance with Section 2.6(c), the Borrower shall pay to the Lender a closing fee in the amount of $25,000 (the "Revolving Credit Facility C Closing Fee") in connection with the establishment of Revolving Credit Facility C and in consideration of the making of Loans thereunder and in order to compensate the Lender for the costs associated with structuring, processing, approving and closing Revolving Credit Facility C and the Loans thereunder, but excluding expenses for which the Borrower has agreed elsewhere in this Agreement to reimburse the Lender.