Common use of Documentation Fees Clause in Contracts

Documentation Fees. Upon the conversion to the Term Loan, Borrower must pay any and all fees and expenses in connection with such conversion incurred by Bank in connection with the preparation of documents evidencing such conversion, including, but not limited to, attorney fees (which will be on a time and charges basis). However, Borrower understands and agrees that there shall be no further advances under the Equipment Loan on the Conversion Date.

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (LINC Logistics Co)