Common use of Modification Fee Clause in Contracts

Modification Fee. If the Bank, at its discretion, agrees to modify or amend any terms of this Agreement, the Borrowers will, at the Bank’s option, pay the Bank a fee for each Borrower-initiated amendment or modification in an amount advised by the Bank at the time the Borrowers request such amendment or modification. Nothing in this Section shall imply that the Bank is obligated to agree to any modification or amendment requested by the Borrowers. The Bank may impose additional requirements as a condition to any modification or amendment.

Modification Fee. If the Bank, at its discretion, agrees to modify or amend any terms of this Agreement, the Borrowers Borrower will, at the Bank’s option, pay the Bank a fee for each Borrower-initiated amendment or modification in an amount advised by the Bank at the time the Borrowers request such Borrower requests amendment or modification. Nothing in this Section paragraph shall imply that the Bank is obligated to agree to any modification or amendment requested by the BorrowersBorrower. The Bank may impose additional requirements as a condition to any modification or amendment.