Common use of Calculation and Payment of Fees Clause in Contracts

Calculation and Payment of Fees. All of the above fees which accrue from time to time shall be calculated on the basis of the actual number of days elapsed in a 360 day year. All of the above fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable when paid. All fees specified or referred to (directly or by reference to an agreement pursuant to which such fees are payable) in this Agreement due to the Agent, any Issuing Bank or any Lender shall bear interest, if not paid when due, at the interest rate described in Section 5.01(c), shall constitute Obligations and shall be secured by all of the Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Timco Aviation Services Inc), Credit Agreement (Aviation Sales Co)

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Calculation and Payment of Fees. All of the above fees which accrue from time to time shall be calculated on the basis of the actual number of days elapsed in a 360 day year. All of the above fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable nonrefund able when paid. All fees specified or referred to (directly or by reference to an agreement pursuant to which such fees are payable) in this Agreement due to the Agent, any Issuing Bank or any Lender shall bear interest, if not paid when due, at the interest rate described in Section 5.01(cSECTION 5.01(C), shall constitute Obligations and shall be secured by all of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

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Calculation and Payment of Fees. All of the above fees which accrue from time to time shall be calculated on the basis of the actual number of days elapsed in a 360 day year. All of the above such fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable when paid. All fees specified or referred to (directly or by reference to an agreement pursuant to which such fees are payable) in this Agreement due to the Agent, any Issuing Bank or any Lender shall bear interest, if not paid when due, at the interest rate described in Section SECTION 5.01(c), shall constitute Obligations and shall be secured by all of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

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