Common use of Engineering Fee Clause in Contracts

Engineering Fee. On or before each anniversary of the Original --------------- Closing Date, commencing on the third anniversary of the Original Closing Date, the Borrowers shall pay the Lender an engineering fee of $10,000. The Borrowers and the Lender acknowledge that the engineering fee is intended as reasonable compensation to the Lender for the use of its engineers and other resources to review and analyze the engineering data submitted by the Borrowers in connection with the determination of the Borrowing Base and for no other purpose.

Engineering Fee. On or before each anniversary of the Original --------------- Closing Date, --------------- commencing on the third second anniversary of the Original Closing Date, the Borrowers Borrower shall pay the Lender an engineering fee of $10,000. The Borrowers Borrower and the Lender acknowledge that the engineering fee is intended as reasonable compensation to the Lender for the use of its engineers and other resources to review and analyze the engineering data submitted by the Borrowers Borrower in connection with the determination of the Borrowing Base and for no other purpose.