Common use of Modification Fees Clause in Contracts

Modification Fees. Contemporaneous with the parties’ execution of this Agreement, Borrower has paid the Lender’s non-refundable loan modification fees of $200,000.00 for the Revolving Note and $80,000.00 for the Term Note, receipt of which are hereby acknowledged by Lender.

Appears in 1 contract

Sources: Business Loan Agreement (Westmoreland Coal Co)

Modification Fees. Contemporaneous with the parties’ execution of this Agreement, Borrower has paid the Lender’s non-refundable loan modification fees fee of $200,000.00 for the Revolving Note and $80,000.00 40,000.00 for the Term Note, receipt of which are is hereby acknowledged by Lender.

Appears in 1 contract

Sources: Business Loan Agreement (WESTMORELAND COAL Co)