Common use of Agent Fee Clause in Contracts

Agent Fee. For administration and other services performed by the Agent in connection with its continuing administration of this Agreement, the Borrowers, jointly and severally, shall pay to the Agent, for its own account, and not for the account of the Lenders, an annual fee of $50,000, payable annually in advance, on the Effective Date and on each anniversary thereof for so long as any Secured Obligations shall remain outstanding or the Commitments shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Racing Inc)

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Agent Fee. For administration and other services performed by the Administrative Agent in connection with its continuing administration of this Agreement, the Borrowers, jointly and severally, Borrower shall pay to the Administrative Agent, for its own account, account and not for the account of the Lenders, an annual fee of $50,00075,000, payable annually in advance, on the Effective Date and on each anniversary thereof thereafter for so long as any Secured Obligations Obligation shall remain outstanding or the Commitments Revolving Credit Facility shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Agent Fee. For administration and other services performed by the Administrative Agent in connection with its continuing administration of this Agreement, the Borrowers, jointly and severally, Borrowers shall pay to the Administrative Agent, for its own account, account and not for the account of the Lenders, an annual fee of $50,00075,000, payable annually in advance, on the Effective Date and on each anniversary thereof thereafter for so long as any Secured Obligations Obligation shall remain outstanding or the Commitments Revolving Credit Facility shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

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Agent Fee. For administration and other services performed by the Agent in connection with its continuing administration of this Agreement, the Borrowers, jointly and severally, shall pay to the Agent, for its own account, and not for the account of the Lenders, an annual fee of $50,00035,000, payable annually in advance, on the Effective Date and on each anniversary thereof for so long as any Secured Obligations Obligation shall remain outstanding or the Commitments Revolving Credit Facility shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Ridgeview Inc)

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