7.4.3 Adhoc Expense Fees

1. Adhoc expense allows to define the expenses incurred against a contract in an adhoc manner, these expenses are recovered from an agent and /or a participant & NOT recovered from the borrower.
2. Adhoc expenses are charged against participant on adhoc basis.
3. These expenses are one-time expenses and may be paid in advance or in arrears.
4. They may be incurred at the Tranche/ Drawdown level.
5. Adhoc expenses may be subject to amortization over a user defined period. The nature of these fees is such that in case of Syndication contracts, these fees do not require accounting on borrower side but it is propagated to the other participants.

This topic contains the following sub-topics:

• Processing Adhoc Expense Fees