Common use of Fee and Costs Clause in Contracts

Fee and Costs. On the Disbursement Date, the Borrower shall pay to such entity as the Lenders shall direct a fee of $112,500 for entering into the transaction contemplated by the Transaction Documents and shall reimburse the Lenders of the legal costs and expense it incurred in effecting such transaction.

Fee and Costs. On the Disbursement Datedate of each Disbursement, the Borrower shall pay to such entity as the Lenders shall direct a fee of $112,500 1.5% of the amount of the Disbursement effected on such date for entering into the transaction contemplated by the Transaction Documents and shall reimburse the Lenders of the legal costs and expense it incurred in effecting such transactionDocuments.