Common use of Liquidity Fees Clause in Contracts

Liquidity Fees. In addition to any fees and expenses payable by Borrower and/or Mortgagor to Lender on the Closing Date, Liquidity Fees equal to (i) one half of one percent (1/2%) of the then outstanding principal balance of the Loan shall be earned by Mezzanine Lender and payable by Borrower upon the twelve month anniversary of the Closing Date, and (ii) one half of one percent (1/2%) of the then outstanding principal balance of the Loan shall be earned by Mezzanine Lender and payable by Borrower upon the eighteen (18) month anniversary of the Closing Date.

Liquidity Fees. In addition to any fees and expenses payable by Borrower and/or Mortgagor Owner to Lender on the Closing Date, Liquidity Fees equal to (i) one half of one percent (1/2%) of the then outstanding principal balance of the Loan shall be earned by Mezzanine Lender and payable by Borrower upon the twelve month anniversary of the Closing Date, and (ii) one half of one percent (1/2%) of the then outstanding principal balance of the Loan shall be earned by Mezzanine Lender and payable by Borrower upon the eighteen (18) month anniversary of the Closing Date.