Common use of Amendment and Waiver Fee Clause in Contracts

Amendment and Waiver Fee. The Borrowers shall have paid to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a fee in an amount equal to $250,000, which fee shall be deemed fully earned and due on the Amendment Effective Date and shall be nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (American Apparel, Inc)

Amendment and Waiver Fee. The Borrowers shall have paid to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a fee in an amount equal to $250,00075,000, which fee shall be deemed fully earned and due on the Amendment Effective Date and shall be nonrefundable.

Appears in 1 contract

Sources: Credit Agreement (American Apparel, Inc)