Common use of Fees Non-Refundable Clause in Contracts

Fees Non-Refundable. All fees set forth in this Section 2.9 shall be deemed to have been earned on the date payment is due in accordance with the provisions hereof and shall be non-refundable. The obligation of any Credit Party to pay such fees in accordance with the provisions hereof shall be binding upon the such Credit Party and shall inure to the benefit of the Administrative Agent and the Banks regardless of whether any Loans are actually made.

Appears in 3 contracts

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

Fees Non-Refundable. All fees set forth in this Section 2.9 2.7 shall be deemed to have been earned on the date payment is due in accordance with the provisions hereof and shall be non-refundable. The obligation of any Credit Loan Party to pay such fees in accordance with the provisions hereof shall be binding upon the such Credit Loan Party and shall inure to the benefit of the Administrative Agent and the Banks regardless of whether any Loans are actually made.

Appears in 1 contract

Sources: Revolving Credit Agreement (Prologis, L.P.)

Fees Non-Refundable. All fees set forth in this Section 2.9 shall be deemed to have been earned on the date payment is due in accordance with the provisions hereof and shall be non-refundable. The obligation of any Credit Loan Party to pay such fees in accordance with the provisions hereof shall be binding upon the such Credit Loan Party and shall inure to the benefit of the Administrative Agent and the Banks regardless of whether any Loans are actually made.

Appears in 1 contract

Sources: Revolving Credit Agreement (Prologis, L.P.)