Common use of Engineering Fee Clause in Contracts

Engineering Fee. The Borrower shall pay Lender an engineering fee of $5,000 on the Closing Date and $5,000 at the time of any redetermination of the Borrowing Base

Engineering Fee. The Borrower shall pay Lender an engineering fee initial Engineering Fee of $5,000 on upon the Closing Date and closing of the proposed facility. Subsequent engineering fees of $5,000 at the time of any 2,500 shall be paid upon each scheduled semi-annual redetermination of the Borrowing BaseBase and/or each unscheduled redetermination requested by the Borrower.