Common use of Collateral Monitoring Fee Clause in Contracts

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a collateral monitoring fee equal to $8,333.50 per month, commencing on the first day of the month following the Closing Date and on the first day of each month thereafter. The collateral monitoring 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 under any circumstances.

Appears in 2 contracts

Samples: Loan Agreement (Coachmen Industries Inc), Loan Agreement (Coachmen Industries Inc)

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Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 0.10% of the Maximum Revolving Amount per month, commencing payable on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrower’s account upon the earlier of the first day of each month during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 2 contracts

Samples: Loan and Security Agreement (ATRM Holdings, Inc.), Loan and Security Agreement (ATRM Holdings, Inc.)

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 0.125% percent of the Maximum Revolving Amount per month, commencing payable on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrower’s account upon the earlier of the first day of each month during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Kush Bottles, Inc.)

Collateral Monitoring Fee. The Borrowers shall Borrower agrees to pay to the Lender Agent, for its own account and not for the account of any Lender, a collateral monitoring fee equal to of $8,333.50 10,000.00 per month, month on the 15th day of each month for each month commencing with the month in which the Closing Date occurs and ending with and including the month in which the Termination Date occurs. The collateral monitoring fee for the month in which the Closing Date occurs will be pro-rated in the event that the Closing Date occurs on a day other than the first day of the month following the Closing Date and on the first day of each month thereafter. The collateral monitoring 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 under any circumstancesmonth.

Appears in 1 contract

Samples: Credit Agreement (Dominion Bridge Corp)

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 one tenth of one percent (0.10%) of the Maximum Credit Amount per month, commencing payable on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrower’s account upon the earlier of the first day of each month during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Loan and Security Agreement (Digirad Corp)

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 0.10% of the Maximum Revolving Amount per month, commencing payable on the first day of the month following the Closing Date and on one the first day of each month thereafterthereafter until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrowers’ account upon the earlier of the due date during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Loan and Security Agreement (Star Equity Holdings, Inc.)

Collateral Monitoring Fee. The Borrowers Borrower shall pay to the Lender a collateral monitoring fee equal to $8,333.50 5,000.00 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring 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 under upon termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Credit and Security Agreement (Cold Metal Products Inc)

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Collateral Monitoring Fee. The Borrowers Borrower shall pay to the Lender a an annual collateral monitoring fee equal to in the amount of $8,333.50 per month36,000, which fee shall be fully earned on the Closing Date and on each anniversary of the Closing Date and be payable in quarterly installments of $9,000 each commencing on the first day of the month following the Closing Date and on the first day of each third month thereafter. The collateral monitoring following the month in which the Closing Date occurs prior to the Commitment Maturity Date, with any earned but unpaid portion of such fee shall be deemed earned in full being payable on the date when same is due and payable hereunder and shall not be subject to rebate or proration under any circumstancesCommitment Maturity Date.

Appears in 1 contract

Samples: Capital Commercial Finance (Jacobs Jay Inc)

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 0.10% of the Maximum Revolving Amount per month, commencing on the first day of the month following the Closing Date and payable on the first day of each month thereaftercommencing March 1, 2016, until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrower’s account upon the earlier of the due date during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Loan and Security Agreement (Star Equity Holdings, Inc.)

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 0.10% of the Maximum Revolving Amount per month, commencing on the first day of the month following the Closing Date and payable on the first day of each month thereaftercommencing March 1, 2016, until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrower’s account upon the earlier of the first day of each month during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Loan and Security Agreement (ATRM Holdings, Inc.)

Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee in an amount equal to $8,333.50 one tenth of one percent (0.10%) of the Maximum Revolving Amount per month, commencing payable on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter until the Maturity Date. The collateral monitoring fee Collateral Monitoring Fee for each month ending prior to the Maturity Date shall be deemed fully earned in full on the date when same is due and payable hereunder Closing Date and shall not be subject payable by a charge to rebate Borrower’s account upon the earlier of the first day of each month during the Term or proration under the termination of this Agreement for any circumstancesreason.

Appears in 1 contract

Samples: Loan and Security Agreement (Digirad Corp)

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