Developer Fees. Notwithstanding the foregoing, upon the sale of any property purchased with the loan, the lender would receive a developer fee of 10% of sale price/amount of each property sold that was bought with the loan until the Credit Line has been repaid in full and all of Borrower’s other obligations to Lender hereunder have been fully paid and discharged.
Appears in 3 contracts
Sources: Revolving Line of Credit Agreement (Givemepower Corp), Revolving Line of Credit Agreement (Givemepower Corp), Revolving Line of Credit Agreement (Video River Networks, Inc.)