Common use of Engineering Fee Clause in Contracts

Engineering Fee. In addition to interest on the Notes as provided herein and all other fees payable hereunder and to compensate the Agent for the costs of evaluating the Mortgaged Properties and reviewing the Reserve Reports, the Borrower shall pay to the Agent, in immediately available funds, on the date of each semi-annual or Borrower's requested redetermination of the Borrowing Base, an engineering fee in the amount of $7,500.

Appears in 1 contract

Sources: Credit Agreement (Harken Energy Corp)

Engineering Fee. In addition to interest on the Notes as provided herein and all other fees payable hereunder and to --------------- compensate the Agent for the costs of evaluating the Mortgaged Properties and reviewing the Reserve Reports, the Borrower shall pay to the Agent, in immediately available funds, on the date of each semi-annual or Borrower's Borrower requested redetermination of the Borrowing BaseBase in accordance with Section 2.9(b), an engineering fee in the amount of $7,50010,000.

Appears in 1 contract

Sources: Credit Agreement (Southern Mineral Corp)

Engineering Fee. In addition to interest on the Notes Note as provided herein and all other fees payable hereunder under and to compensate the Agent for the costs of evaluating the Mortgaged Properties and reviewing the Reserve Reports, the Borrower shall pay to the Agent, in immediately available funds, on the date of each semi-annual or Borrower's requested redetermination of the Borrowing Base, an engineering fee in the amount of $7,5002,500."

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)