Common use of Collateral Handling Fee Clause in Contracts

Collateral Handling Fee. Borrower will pay to Bank a Collateral handling fee equal to 0.50% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i), the Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default has occurred and is continuing, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee equal to 0.50% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i2.3.1(b)(i) and Section 2.3.1(c)(i), the Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Exim Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default has occurred and is continuing, the Collateral Handling Handling. Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. At all times that Borrower’s Net Cash is equal to or greater than Four Million Dollars ($4,000,000), Borrower will shall not pay to Bank any Collateral Handling Fee (as hereinafter defined). At all times that Borrower’s Net Cash is less than Four Million Dollars ($4,000,000), Borrower shall pay a collateral handling fee (“Collateral Handling Fee”) as follows: (a) at all times that Borrower’s Net Cash is between $1.00 and $4,000,000 Borrower shall pay a Collateral handling fee Handling Fee equal to 0.50% fifteen hundredths of one percent (0.15%) per month Reconciliation Period of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 three hundred sixty (360) day year year; and (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00b) at all times during the applicable Testing MonthNet Cash is less than $1.00, the Borrower shall pay a Collateral Handling Fee shall be equal to 0.35% three hundred twenty-five thousandths of one percent (0.325%) per month Reconciliation Period of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 three hundred sixty (360) day year; provided further, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month, the . The Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which and is equal to the Collateral Handling Fee divided by thirty (30), multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable repaid in accordance with Section 2.3 hereof2.12 of this Agreement. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Revolving Line Obligations three (3) Business Days after receipt of the Collections. After Immediately upon the occurrence of an Event of Default has occurred and is continuingDefault, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default%.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee (the “Collateral Handling Fee”) equal to 0.50(a) with respect to Financed Receivables based upon Eligible Accounts, 0.25% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, howeverand (b) with respect to Financed Receivables based upon Renewal Invoices, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.100.375% per month of the Financed Receivable Renewal Invoice Balance for each such Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by (a) with respect to Financed Receivables based upon Eligible Accounts, the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 , and (b)(i)b) with respect to Financed Receivables based upon Renewal Invoices, the Renewal Invoice Balance. The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After the occurrence and during the continuance of an Event of Default has occurred and is continuingDefault, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. For any Subject Month (as of the first calendar day of such Reconciliation Period), to the extent that Borrower will maintained an Adjusted Quick Ratio of not less than 1.00 to 1.00 at all times during the applicable Testing Month, Borrower shall not pay any Collateral Handling Fee (as hereinafter defined). For any other Subject Month, Borrower shall pay to Bank a Collateral handling fee Handling Fee equal to 0.50% one-tenth of one percent (0.10%) per month Reconciliation Period of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 three hundred sixty (360) day year (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) at all times during the applicable Testing Month, the . The Collateral Handling Fee shall be equal to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which and is equal to the Collateral Handling Fee divided by thirty (30, ) multiplied by the number of days each such Financed Receivable is outstanding, outstanding multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable repaid in accordance with Section 2.3 hereof2.12 of this Agreement. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After Immediately upon the occurrence of an Event of Default has occurred and is continuingDefault, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default%.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee equal to 0.50% one quarter of one percent (0.25%) per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity an Adjusted Quick Ratio of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) greater than 1.00 to 1.00 at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.35% per month one tenth of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month one percent (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.000.10%) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) on the same Business Days after Day as receipt of the Collections. After an Event of Default has occurred and is continuingDefault, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.”

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee equal to 0.50% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); provided, however, ) equal to (a) for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) at all times during qualifies for the applicable Testing MonthStreamline Advance Rate, the Collateral Handling Fee shall be equal to 0.35sum of (i) 0.15% per month of (A) the Streamline Advance Rate multiplied by (B) the applicable Financed Receivable Balance for each Financed Receivable outstanding, plus (ii) 0.15% per month of (A) the EMEA Advance Rate multiplied by (B) the applicable Financed Receivable Balance for each Financed Receivable outstanding, plus (iii) 0.15% per month on the outstanding Non-Formula Advances, in each case, based upon a 360 day year; provided further, however, year or (b) for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars qualifies for the Non-Streamline Advance, ($4,000,000.00i) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.100.35% per month of the applicable Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year, plus (ii) 0.15% per month of (A) the EMEA Advance Rate multiplied by (B) the applicable Financed Receivable Balance for each Financed Receivable outstanding, plus (iii) 0.15% per month on the outstanding Non-Formula Advances, in each case, based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable or Non-Formula Advance is outstanding, multiplied by the outstanding Financed Receivable BalanceBalance or outstanding Non-Formula Advance, as applicable. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations (x) three (3) Business Days after receipt of the CollectionsCollections for all Non-Streamline Advances and (y) one and one-half (1.5) Business Days after receipt of Collections for all Streamline Advances and EMEA Advances. After If an Event of Default has occurred and is continuing, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee (the “Collateral Handling Fee”) equal to (a) for any Subject Month (as of the first calendar day of such month), to the extent that Borrower qualifies for the Collections Advance Rate (i) if Net Liquidity is less than $1,000,000 during the Testing Month, the Collateral Handling Fee shall be equal to 0.25% per month of the outstanding principal amount of all Collections Advances based upon a 360 day year or (ii) if Net Liquidity is greater than or equal to $1,000,000 during the Testing Month, there shall be no Collateral Handling Fee or (b) for any Subject Month (as of the first calendar day of such month), to the extent that Borrower qualifies for the Invoice Advance Rate (i) if Net Liquidity is less than $1.00 during the Testing Month, the Collateral Handling Fee shall be equal to 0.50% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year or (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), ii) if Net Liquidity is greater than or equal to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars (than $2,500,000.00) at all times 1.00 during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.100.25% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable or Collections Advance, as applicable, is outstanding, multiplied by the outstanding Financed Receivable BalanceBalance or principal amount of the Collections Advance, as the case may be. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable when the applicable Invoice Advance made based on such Financed Receivable or Collections Advance is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the CollectionsCollections for Invoice Advances. After If an Event of Default has occurred and is continuing, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee equal to 0.50% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee.”); provided) So long as Borrower maintains an Adjusted Quick Ratio, howevertested monthly, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be greater than or equal to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.00) at all times during the applicable Testing Month1.50:1.00, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding outstanding, based upon a 360 day year. So long as Borrower maintains an Adjusted Quick Ratio, tested monthly, less than 1.50:1.00, the Collateral Handling Fee shall be equal to 0.30% per month of the Financed Receivable Balance for each Financed Receivable outstanding, based upon a 360 day year. This fee is charged on a daily basis which and is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable on the date when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default has occurred and is continuing, the The Collateral Handling Fee will increase by an additional 0.50% effective immediately upon such an Event of Default.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee equal to 0.50% one quarter of one percent (0.25%) per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); provided, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity an Adjusted Quick Ratio of at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) greater than 1.30 to 1.00 at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.35% per month one tenth of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year; provided further, however, for any Subject Month one percent (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.000.10%) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i), the The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) on the same Business Days after Day as receipt of the Collections. After an Event of Default has occurred and is continuingDefault, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. Borrower will pay to Bank a Collateral collateral handling fee equal to 0.500.20% (or, with respect to Financed Receivables based upon Aggregate Eligible Accounts, 0.30%) per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the “Collateral Handling Fee”); , provided, however, for any Subject Month (as of the first calendar day of such month), ) to the extent that Borrower maintained Liquidity of at least Two greater than Twelve Million Five Hundred Thousand Dollars ($2,500,000.0012,500,000.00) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal 0.0% (or, with respect to 0.35% per month of the Financed Receivable Balance for each Financed Receivable outstanding Receivables based upon a 360 day year; provided furtherAggregate Eligible Accounts, however, for any Subject Month (as of the first calendar day of such month), to the extent that Borrower maintained Liquidity of greater than Four Million Dollars ($4,000,000.000.10%) at all times during the applicable Testing Month, the Collateral Handling Fee shall be equal to 0.10% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year. This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. Except as otherwise provided in Section 2.3.1 (b)(i2.3.1(b)(i), the Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default has occurred and is continuingDefault, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default; provided, however, as of the first day of the month following the month in which the applicable Event of Default is cured (so long as at such time there is no other Event of Default), the Collateral Handling Fee shall be reduced to the applicable rate as set forth in the first sentence of this Section 2.2.4.” and inserting in lieu thereof the following: