Common use of EXPENSES OF THIS TRANSACTION Clause in Contracts

EXPENSES OF THIS TRANSACTION. a. Borrower shall reimburse Lender for Lender’s expenses associated with this transaction in an amount not to exceed thirty-seven thousand, five-hundred dollars ($37,500.00). Said amount shall be paid on demand and in any event not later than the date of execution hereof and whether or not any draw-down is applied for or obtained hereunder by Borrower and in the event of non-payment upon demand by Lender, Lender shall have no duty to approve any application for a draw-down or to lend any money to Borrower under this Loan Facility or otherwise.