Condition to Effectiveness. As a condition precedent to the effectiveness of this letter agreement, the Borrowers shall pay to the Bank for their own account a $7,500 non-refundable fee for renewing the Uncommitted Line, which fee shall be fully earned by the Bank upon the date of this letter agreement.
Appears in 4 contracts
Sources: Uncommitted Credit Facility Agreement (Midas Perpetual Portfolio, Inc.), Uncommitted Secured Redemption Facility (Midas Fund, Inc.), Uncommitted Credit Facility Agreement (Midas Perpetual Portfolio, Inc.)
Condition to Effectiveness. As a condition precedent to the effectiveness of this letter agreement, the Borrowers shall pay to the Bank for their own account a $7,500 15,000 non-refundable fee for renewing the Uncommitted Lineup-front fee, which fee shall be fully earned by the Bank upon the date of this letter agreement.
Appears in 3 contracts
Sources: Committed Credit Facility Agreement (Midas Fund, Inc.), Committed Credit Facility Agreement (Midas Special Fund, Inc.), Committed Secured Leveraging Facility (Foxby Corp.)
Condition to Effectiveness. As a condition precedent to the effectiveness of this letter agreement, the Borrowers shall pay to the Bank for their own account a $7,500 25,000 non-refundable fee for renewing the Uncommitted Lineup-front fee, which fee shall be fully earned by the Bank upon the date of this letter agreement.
Appears in 3 contracts
Sources: Committed Secured Leveraging Facility Agreement (Dividend & Income Fund, Inc.), Committed Credit Facility Agreement (Midas Special Fund, Inc.), Committed Secured Leveraging Facility (Foxby Corp.)