Common use of Collateral Management Fee Clause in Contracts

Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to $2,000 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 2 contracts

Samples: Security Agreement (Hutchinson Technology Inc), Security Agreement (Phosphate Holdings, Inc.)

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Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000 2,000) per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. The collateral management evaluation fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 2 contracts

Samples: Security Agreement (Richton International Corp), Security Agreement (Richton International Corp)

Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to $2,000 1,000 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Security Agreement (Pc Service Source Inc)

Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to $2,000 18,000 per year, which shall be paid in 12 equal monthly installments of $1,500 each, payable on the first day of each month commencing on with the first day of the month following the Closing Date and on the first day of each month thereafter during the TermDate. The collateral management fee with respect to any 12-month period commencing on the Closing Date or an anniversary thereof shall be deemed earned in full on the date when same is due and payable hereunder first day of such period and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

Collateral Management Fee. Borrowers shall Borrower is to pay Agent a collateral management Collateral Management fee equal to $2,000 750.00 per month commencing on the first day of the month following the Closing Date date of this Agreement and on the first day of each month thereafter during the Termterm of this Agreement. The collateral management Collateral Management fee shall be is deemed earned in full on the date when same is due and payable hereunder and shall is not be subject to rebate or proration pro ration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Spar Group Inc)

Collateral Management Fee. From and following the Closing Date, Borrowers shall pay Agent a collateral management fee equal to $2,000 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during month, for its own account and not for the Termbenefit of any other Lenders, a fee in an amount equal to $2,000. The collateral management fee shall be deemed fully earned in full on the date when same is due and payable hereunder and and, once paid, shall not be subject to rebate or proration upon termination of this Agreement for any reasonnon-refundable.

Appears in 1 contract

Samples: Credit and Security Agreement (Williams Industrial Services Group Inc.)

Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to $2,000 1,500 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Security Agreement (Semx Corp)

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Collateral Management Fee. Borrowers Borrower shall pay Agent a collateral management fee equal to $2,000 1,250 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Termterm. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Security Agreement (P&f Industries Inc)

Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to $2,000 per calendar month commencing on the first day of the calendar month following the Closing Date and on the first day of each calendar month thereafter during the Term. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Security Agreement (NYTEX Energy Holdings, Inc.)

Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to $2,000 500 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. The collateral management fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Revolving Credit (Teamstaff Inc)

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