Annual Management Fee. On March 31, 2009 and on each anniversary thereof, Borrower shall pay to Agent, for its own account, in advance, a non-refundable annual management fee in an amount equal to $25,000, which fee shall be fully earned when paid.
Appears in 2 contracts
Samples: Loan and Security Agreement (Salient Surgical Technologies, Inc.), Loan and Security Agreement (Salient Surgical Technologies, Inc.)
Annual Management Fee. On March 31, 2009 the Closing Date and on each anniversary thereof, Borrower shall pay to Agent, for its own account, in advance, a non-refundable annual management fee in an amount equal to $25,000, which fee shall be fully earned when paid.
Appears in 1 contract
Samples: Loan and Security Agreement (Salient Surgical Technologies, Inc.)
Annual Management Fee. On March 31, 2009 the Closing Date and on each anniversary thereof, Borrower shall pay to Agent, for its own account, in advancethe account of Agent, a non-refundable annual management fee in an amount equal to $25,00020,000.00 on each such date, which fee shall be fully earned when paid.
Appears in 1 contract
Samples: Loan and Security Agreement (Siga Technologies Inc)
Annual Management Fee. On March 31, 2009 and on each anniversary thereof, Borrower shall pay to Agent, for its own account, in advance, Agent a non-refundable annual management fee for the account of Agent, in an amount equal to $25,00015,000 per year, which fee shall be fully earned when paidearned, and due and payable in advance, on the Closing Date and on each anniversary thereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Cas Medical Systems Inc)
