Common use of Borrowing Base Increase Fee Clause in Contracts

Borrowing Base Increase Fee. In consideration of each Lender’s agreement to increase the Borrowing Base as described above, Borrower will pay to Administrative Agent a Borrowing Base Increase Fee in the aggregate amount of $75,000, which will be allocated equally for the account of each Lender, due and payable on the date hereof (the “Borrowing Base Increase Fee”).

Borrowing Base Increase Fee. In consideration of each Lender’s agreement The Borrower agrees to increase the Borrowing Base as described above, Borrower will pay to the Administrative Agent a Borrowing Base Increase Fee in the aggregate amount of $75,000, which will be allocated equally for the account of each Lenderthe Lenders in connection with any increase of the Borrowing Base, a borrowing base increase fee on the amount of such increase. The borrowing base increase fee shall be in an amount equal to .50% multiplied by the amount of the increase and shall be due and payable on the date hereof (that the “increase to the Borrowing Base Increase Fee”)becomes effective.

Borrowing Base Increase Fee. In consideration On the date of each Lender’s agreement to any increase in the Borrowing Base as described abovewhich results in an increase in the Borrowing Base beyond the existing Apex Borrowing Base, Borrower will shall pay to Administrative Agent for the ratable benefit of each Bank, a borrowing base increase fee equal to one-half of one percent (.50%) on the difference between (i) the existing Apex Borrowing Base, and (ii) the Borrowing Base Increase Fee in the aggregate amount of $75,000, which will be allocated equally for the account of each Lender, due and payable on the date hereof (day of such increase of the “Borrowing Base Increase Fee”)after giving effect to such increase.

Borrowing Base Increase Fee. In consideration of each Lender’s agreement The Borrower agrees to increase pay the Borrowing Base as described above, Borrower will pay to Administrative Agent a Borrowing Base Increase Fee in the aggregate amount of $75,000, which will be allocated equally for the account of each Lender, due and payable on Lender a fee for each incremental increase in the date hereof (the “new Borrowing Base Increase Fee”)over the previous maximum Borrowing Base. The amount of each fee shall be one and one quarter percent (1.25%) of the incremental increase.

Borrowing Base Increase Fee. In consideration of each Lender’s agreement The Borrower agrees to increase the Borrowing Base as described above, Borrower will pay to the Administrative Agent a Borrowing Base Increase Fee in the aggregate amount of $75,000, which will be allocated equally for the account of each Lender, in connection with any increase of the Borrowing Base, a borrowing base increase fee equal to 0.5% times the amount of such increase over the highest previously established Borrowing Base, which fee shall be due and payable on within five (5) days after the effective date hereof (of the “increase in the Borrowing Base Increase Fee”)Base.