Common use of Collection Fee Clause in Contracts

Collection Fee. During the period from and including the Effective Date to and including the Termination Date, the Borrower will pay to the Administrative Agent for its own account on each Interest Payment Date an amount computed at the Effective Interest Rate applicable to Base Rate Loans on each remittance (other than a remittance received by the Administrative Agent via wire transfer or otherwise received in immediately available funds) received by the Administrative Agent against Receivables (as contemplated by Section 8.1 hereof) during the preceding month, from the close of business on the date of receipt of each such remittance until the close of business on the Business Day following the receipt of the remittance, as compensation for delays in the collection and clearance of checks and other remittances.

Collection Fee. During the period from and including the Effective Date to and including the Termination Date, the Borrower Borrowers will pay to the Administrative Agent for its own account on each Interest Payment Date an amount computed at the Effective Interest Rate applicable to Base Prime Rate Loans on each remittance (other than a remittance received by the Administrative Agent via wire transfer or otherwise received in immediately available funds) received by the Administrative Agent against Receivables (as contemplated by Section 8.1 hereof) during the preceding month, from the close of business on the date of receipt of each such remittance until the close of business on the Business Day following the receipt of the remittance, as compensation for delays in the collection and clearance of checks and other remittances.