Common use of Engineering Fee Clause in Contracts

Engineering Fee. The Borrower shall pay to Administrative Agent for its account an engineering fee on the commencement of each Borrowing Base Period in the amount of $15,000.00 in connection with each Scheduled Borrowing Base review commencing on the Closing Date, and in connection with each Special Borrowing Base Determination requested by the Borrower, which shall be due on the date of the Borrower’s request for the Special Borrowing Base Determination.

Engineering Fee. The Borrower shall pay to Administrative Agent for its account an engineering fee on the commencement of each Borrowing Base Period in the amount of $15,000.00 in connection with each Scheduled Borrowing Base review commencing on the Closing DateMay 1, 2005, and in connection with each Special Borrowing Base Determination requested by the Borrower, which shall be due on the date of the Borrower’s request for the Special Borrowing Base Determination.