Collateral Management Fee. Borrowers shall pay to Agent monthly, for its own account, a collateral management fee in an amount equal to $8,333 for each month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be fully earned as of and payable in advance on the date hereof and on the first day of each month hereafter.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Salant Corp)
Collateral Management Fee. Borrowers shall Borrower is to pay to Agent monthly, for its own account, a collateral management Collateral Management fee in an amount equal to $8,333 for each 750.00 per month (or part thereof) while commencing on the first day of the month following the date of this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be fully earned as of and payable in advance on the date hereof and on the first day of each month hereafterthereafter during the term of this Agreement. The Collateral Management fee is deemed earned in full on the date when same is due and payable hereunder and is not subject to rebate or pro ration upon termination of this Agreement for any reason.
Appears in 1 contract
Sources: Revolving Loan and Security Agreement (Spar Group Inc)
Collateral Management Fee. Borrowers shall pay to Agent monthly, for its own account, account a monthly collateral management fee (the "Collateral Management Fee") in an amount equal to $8,333 for each month one percent (or part thereof1.00%) while this Agreement is in effect and for so long thereafter as any per annum of the Obligations are outstanding, which fee daily average amount of the balances under the Revolving Facility outstanding during the preceding month. The Collateral Management Fee shall be fully earned as of and payable monthly in advance on the date hereof and arrears on the first day of each successive calendar month hereafter(starting with the month in which the Closing Date occurs).
Appears in 1 contract
Sources: Revolving Credit, Term Loan, and Security Agreement (Advanced Nutraceuticals Inc/Tx)
Collateral Management Fee. Borrowers Borrower shall pay to Agent monthly, for its own account, a monthly collateral management fee in an amount equal to $8,333 for each month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which 1,500. This fee shall be fully earned as of due and payable monthly, in advance arrears, on the date hereof and on the first last day of each month hereafterand on the Termination Date.
Appears in 1 contract
Sources: Loan and Security Agreement (Anchor Funding Services, Inc.)
Collateral Management Fee. Borrowers Borrower shall pay to Agent monthly, for its own account, a monthly collateral management fee in an amount (the “Collateral Management Fee”) equal to $8,333 for each 0.042% per month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee daily average amount of the balances under the Revolving Facility outstanding during the preceding month. The Collateral Management Fee shall be fully earned as of and payable monthly in advance on the date hereof and arrears on the first day of each successive calendar month hereafter(starting with August 1, 2009).
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (America Service Group Inc /De)
Collateral Management Fee. Borrowers Borrower shall pay to Agent monthly, for its own account, a monthly collateral management fee in an amount equal to (the "COLLATERAL MANAGEMENT FEE") of $8,333 for each month (or part thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee 4,166.67. The Collateral Management Fee shall be fully earned as of and payable monthly in advance on the date hereof and arrears on the first day of each successive calendar month hereafter(starting with the month in which the Closing Date occurs).
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Gardenburger Inc)