Collateral Management Fee. Borrower shall pay to Lender monthly, in arrears, on the first day of each month, a collateral management fee in the amount of Two Thousand and 00/100 Dollars ($2,000.00). Upon the occurrence of a Default or an Event of Default and during the continuance of such Default or Event of Default, the fee shall, in the sole discretion of Lender, be increased by $1,000.00 per month.
Appears in 3 contracts
Sources: Loan Agreement (Hudson Technologies Inc /Ny), Loan Agreement (Hudson Technologies Inc /Ny), Revolving Loan Agreement (Hudson Technologies Inc /Ny)
Collateral Management Fee. Borrower shall pay to Lender monthly, in arrears, on the first day of each month, a collateral management fee in the an amount of Two Thousand Seven Hundred and 00/100 Dollars ($2,000.00700.00), provided, however, that if there is no borrowing under the Revolving Loan in any calendar month, the aforesaid collateral management fee will be in the amount of Five Hundred 00/100 Dollars ($500.00) for such month. Upon Notwithstanding the foregoing, on and after the occurrence of a Default or an Event of Default and during the continuance of such Default or Event of Defaulthereunder, the collateral management fee shall, in the sole discretion of Lender, shall be increased by $1,000.00 per monthmonth over the otherwise applicable collateral management fee.
Appears in 2 contracts
Sources: Loan and Security Agreement (Helios & Matheson North America Inc.), Loan and Security Agreement (Helios & Matheson North America Inc.)
Collateral Management Fee. Borrower shall pay to Lender monthly, in arrears, on the first day of each month, a collateral management fee in the amount of Two Thousand $1,500. Notwithstanding the foregoing, on and 00/100 Dollars ($2,000.00). Upon after the occurrence of a Default or an Event of Default and during the continuance of such Default or an Event of Default, the collateral management fee shall, in the sole discretion of Lender, shall be increased by $1,000.00 per month3,500.
Appears in 1 contract
Sources: Revolving Loan Agreement (Hirsch International Corp)
Collateral Management Fee. Borrower Borrowers shall pay to Lender monthly, in arrears, on the first day of each month, a collateral management fee in the an amount of Two One Thousand Five Hundred and 00/100 Dollars ($2,000.001,500.00). Upon Notwithstanding the foregoing, on and after the occurrence of a Default or an Event of Default and during the continuance of such Default or Event of Defaulthereunder, the collateral management fee shall, in the sole discretion of Lender, shall be increased by $1,000.00 per monthmonth over the otherwise applicable collateral management fee.
Appears in 1 contract
Sources: Loan and Security Agreement (A Consulting Team Inc)