Documentation and Commitment Fee. In connection with the preparation of this Agreement and related agreements, the Borrower shall pay a sum equal to $12,500, which shall be due and payable upon the execution of this Agreement. Thereafter, the Borrower shall pay to the Bank within fifteen (15) days of the end of each calendar quarter in arrears a sum equal to .0125% of an amount equal to the Commitment less the average aggregate of all Loans outstanding as determined on the last business day of each month during the preceding calendar quarter.
Appears in 2 contracts
Sources: Revolving Loan and Security Agreement, Revolving Loan and Security Agreement (Lemaitre Vascular Inc)