Common use of Examination Fee Clause in Contracts

Examination Fee. Borrower agrees to pay to FINOVA an examination fee in the amount of $750 per person per day in connection with each audit or examination of Borrower performed by FINOVA prior to or after the date hereof, plus all costs and expenses incurred in connection therewith (the "Examination Fee"). Without limiting the generality of the foregoing, Borrower shall pay to FINOVA an initial Examination Fee in an amount equal to $750 per person per day, plus all costs and expenses incurred in connection therewith. Such initial Examination Fee shall be deemed fully earned at the time of payment and due and payable upon the closing of this transaction, and shall be deducted from any good faith deposit paid by Borrower to FINOVA prior to the date of this Agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Nstor Technologies Inc)

Examination Fee. Borrower agrees to pay to FINOVA an examination fee in the amount of $750 650 per person per day in connection with each audit or examination of Borrower performed by FINOVA prior to or after the date hereof, plus all costs and expenses incurred in connection therewith (the "Examination FeeEXAMINATION FEE"). Without limiting the generality of the foregoing, Borrower shall pay to FINOVA an initial Examination Fee in an amount equal to $750 650 per person per day, plus all costs and expenses incurred in connection therewith. Such initial Examination Fee shall be deemed fully earned at the time of payment and due and payable upon the closing of this transaction, and shall be deducted from any good faith deposit paid by Borrower to FINOVA prior to the date of this Agreement.. ================================================================================ CLOSING CONDITIONS:

Appears in 1 contract

Sources: Loan and Security Agreement (Hmi Industries Inc)