Common use of Collateral Monitoring Fee Clause in Contracts

Collateral Monitoring Fee. Borrower shall pay Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, on the first day of each month.

Appears in 2 contracts

Samples: Loan and Security Agreement (WES Consulting, Inc.), Loan and Security Agreement (WES Consulting, Inc.)

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Collateral Monitoring Fee. Borrower shall pay to Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan accounteach month, in arrears, on the first day of each the following month, a collateral monitoring fee of $1,000, which fee shall be pro-rated for any month during which this Agreement is in effect for less than a full month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Eagle Supply Group Inc)

Collateral Monitoring Fee. The Borrower shall pay to the Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) amount of $2,000, due and payable monthly in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, arrears on the first day of each monthmonth and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Gardenburger Inc)

Collateral Monitoring Fee. On each Payment Date, the Borrower shall pay to Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount Fee equal to one the greater of (a) $350.00 per month or (b) the quotient of one-quarter of one percent (0.25.25%) of the Line outstanding principal balance of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, on the first day of each monthLoan divided by twelve (12).

Appears in 1 contract

Samples: Note and Other Loan Documents Modification Agreement (Techprecision Corp)

Collateral Monitoring Fee. The Borrower shall agrees to pay to the Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) amount of $1,000 per month, due and payable monthly in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, arrears on the first day of each monthmonth and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Ronson Corp)

Collateral Monitoring Fee. Borrower shall pay to Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent One Thousand Two Hundred Dollars (0.25%) of the Line of Credit. The $1,200.00), which Collateral Monitoring Fee monitoring fee shall be charged to Borrower's loan account, payable monthly in arrears, arrears on the first day of each monthmonth and on the Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (InterMetro Communications, Inc.)

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Collateral Monitoring Fee. Borrower shall pay Lender to the Bank a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan accountin the amount of $1,000 per month, in arrears, payable on the first day of each monthmonth in arrears (prorated for any partial month at the beginning and at the termination of this Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Critical Path Inc)

Collateral Monitoring Fee. Borrower shall pay to Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter $1,500 per month during the term of one percent (0.25%) of the Line of Creditthis Agreement. The Collateral Monitoring Fee collateral monitoring fee shall be charged to Borrower's loan account, in arrears, payable on the first day of each month. Each collateral monitoring fee shall be deemed included in the Obligations when charged.

Appears in 1 contract

Samples: Loan and Security Agreement (Galaxy Nutritional Foods Co)

Collateral Monitoring Fee. Borrower The Borrowers shall pay to the Lender for its account a monthly collateral monitoring fee of $1,000 per month, payable in advance on each Payment Date hereafter and on the Facility Termination Date (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit). The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, on the first day of each monthfully earned and non-refundable for any reason upon payment thereof.

Appears in 1 contract

Samples: Credit Agreement (Magnetek Inc)

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