Common use of Extension Fee Clause in Contracts

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, for the account of the Banks in proportion to their interests, a fee (a "Extension Fee") in an amount equal to 0.25% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension Date.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Lp), Revolving Credit Agreement (Amb Property Corp)

Extension Fee. If Borrower elects to extend As consideration for the extension of the term and maturity date of the Loan in accordance Loan, contemporaneously with Section 2.10(b)the execution and delivery of this Agreement and as a condition to its effectiveness, the Borrower shall hereby agrees to pay to the Administrative Agent, for the account of the Banks in proportion to their interestsimmediately available funds, a loan extension fee (a "Extension Fee") in an the amount equal to 0.25% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension Date$275,500.

Appears in 1 contract

Sources: Modification Agreement (Bluerock Residential Growth REIT, Inc.)

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, for the account of the Banks in proportion to their interests, a fee (a "Extension Fee") in an amount equal to 0.25% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension Date.

Appears in 1 contract

Sources: Credit Agreement (Amb Property Lp)

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, for the account of the Banks in proportion to their interests, a fee (a "Extension Fee") in an amount equal to 0.250.35% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension Date.

Appears in 1 contract

Sources: Revolving Credit Agreement (Amb Property Lp)

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, Agent no later than 30 days prior to the Extension Date for the account of the Banks in proportion to their interests, a fee (a the "Extension Fee") in an amount equal to 0.250.20% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension DateCommitments at such time.

Appears in 1 contract

Sources: Revolving Credit Agreement (Istar Financial Inc)

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, for the account of the Banks in proportion to their interests, a fee (a an "Extension Fee") in an amount equal to 0.25% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension DateDate in Yen.

Appears in 1 contract

Sources: Credit Facility Agreement (Amb Property Corp)

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, for the account of the Banks in proportion to their interests, a fee (a "Extension Fee") in an amount equal to 0.250.15% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension Date.

Appears in 1 contract

Sources: Revolving Credit Agreement (Amb Property Corp)

Extension Fee. If Borrower elects to extend the term of the Loan in accordance with Section 2.10(b), the Borrower shall pay to the Administrative Agent, for the account of the Banks in proportion to their interests, a fee (a "Extension Fee") in an amount equal to 0.250.20% of the aggregate Commitments. The Extension Fee shall be paid by Borrower on or before the Extension Date.

Appears in 1 contract

Sources: Credit Agreement (Amb Property Corp)