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
Sources: Revolving Credit and Security Agreement (Hutchinson Technology Inc), Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)
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
Sources: Revolving Credit and Term Loan Agreement (Richton International Corp), Revolving Credit, Term Loan and Security Agreement (Richton International Corp)
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
Sources: Revolving Credit, Term Loan and 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
Sources: Revolving Credit, Term Loan and 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
Sources: Revolving Credit and Security Agreement (Teamstaff 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
Sources: Revolving Credit, Term Loan and Security Agreement (Semx 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
Sources: Revolving Credit and Security Agreement (Pc Service Source Inc)