Field Examination Fee. Borrower shall pay BACC a fee in an amount equal to Five Hundred Dollars ($500.00) per day per examiner, plus out-of-pocket expenses for each examination of Borrower's Books or the other Collateral performed by BACC or its designee, provided that so long as no Event of Default exists, the maximum amount of such fees Borrower shall be obligated to pay for each year of the Term hereof shall be $1,625.00..
Field Examination Fee. Upon Lender’s performance of any collateral monitoring and/or verification including any field examination, collateral analysis or other business analysis, the need for which is to be determined by Lender and which monitoring is undertaken by Lender or for Lender’s benefit, an amount equal to the established rate by Lender from time to time which rate on the Closing Date is $950 per day for each person employed to perform such monitoring together with all costs, disbursements and expenses incurred by Lender and the person performing such collateral monitoring and/or verification shall be charged to Borrowers’ account.
Field Examination Fee. The Borrowers shall pay the reasonable out of pocket fees, costs, expenses and charges of auditors, appraisers and professionals employed or retained by the Agent to review, inspect, audit or monitor any of the Collateral prior to the Effective Date and from time to time thereafter (the "Field Examination Fee").
Field Examination Fee. Upon Lender’s performance of any collateral monitoring and/or verification including any field examination, collateral analysis or other business analysis, the need for which is to be determined by Lender and which monitoring is undertaken by Lender or for Lender’s benefit, an amount equal to the established rate by Lender from time to time which rate on the Closing Date is $950 per day for each person employed to perform such monitoring together with all costs, disbursements and expenses incurred by Lender and the person performing such collateral monitoring and/or verification shall be charged to Borrowers’ account; provided, however, so long as no Event of Default has occurred and is continuing, the number of such examinations shall be limited to no more than two (2) per year. Nothing herein shall prohibit Lender from conducting more than two (2) such examinations per year in the absence of an Event of Default which is not continuing so long as Lender shall incur the cost thereof.
Field Examination Fee. Borrower shall pay BACC a fee (the Field Examination Fee) in an amount equal to Seven Hundred Fifty Dollars ($750.00) per day per examiner, plus out-of-pocket expenses for each examination of Borrower's Books or the other Collateral performed by BACC or its designee. Notwithstanding the foregoing, provided no Event of Default exists or Borrower has not made any requests for Advances beyond the lending parameters set forth herein, or other requests outside of the ordinary course of business, Borrower shall not be obligated in any year of the Term to pay more than Nine Thousand Dollars ($9,000.00), plus out of pocket expenses, for such examinations.
Field Examination Fee. Upon demand, Borrower is to pay Lender a field examination fee of $750.00 per man/day, plus expenses. Such fees are deemed earned in full on the date when same are due and payable hereunder and are not subject to rebate or pro ration upon termination of this Agreement for any reason.
Field Examination Fee. Borrower agrees to pay to BACC a fee (Field Examination Fee) in an amount equal to Seven Hundred Fifty Dollars ($750.00) per day per examiner plus out of pocket expenses for each examination of Borrower's Books or the other Collateral performed by BACC or its designee. In consideration of BACC's entry into this letter agreement, the Borrower shall, contemporaneous with the execution hereof, pay to BACC an extension fee of Fifteen Thousand Dollars ($15,000.00). Our approval shall not constitute a waiver of any Events of Default, if any so exist, or any future violation of any provisions of the Loan Agreement or any other Loan Documents. By your execution hereof Borrower agrees to pay all costs and expenses, including reasonable attorneys fees and disbursements, incurred by BACC in connection with the preparation of this letter agreement and the other documents created in connection herewith. Capitalized terms not defined herein but defined in the Loan Agreement shall have the same meaning ascribed to such terms in the Loan Agreement. Your execution shall also act as your representation that the execution of this letter agreement has been authorized by all required corporate action, that this letter agreement constitutes the valid and binding obligation of the Borrower, is enforceable in accordance with its terms and that no material adverse change in the financial condition of the Borrower has occurred and the Borrower's reaffirmation of its grant to BACC of a lien on the Collateral. Except as herein set forth, the Loan Agreement and all other Loan Documents shall remain in full force and effect. Our agreement as aforesaid is subject to your written agreement with the terms hereof by signing and returning a copy hereof where so indicated below, along with the enclosed Extension Promissory Note and by the written consent of guarantors and subordinator, where so indicated below. This letter may be executed in counterparts. BUSINESS ALLIANCE CAPITAL CORP. By: Name: William Seibold Xxxxe: Senior Vice President Agreed to K-Tronik Int'l. Corporation By: Name: Robert Kim Title: President Xxx xxxxxsigned, guarantor of the Liabilities of the Borrower to BACC, hereby consents to the above letter and agrees that same shall not affect his Individual Guaranty dated as of as of September 17, 1998, which guaranty remains in full force and effect. Robert Kim The undersigned, a xxxxxxxxxting creditor in favor of BACC, of the obligations of Borrower to the undersigned, hereb...
Field Examination Fee. Borrower shall pay Lender a fee (the Field Examination Fee) in an amount equal to Nine Hundred Ninety-Five Dollars ($995) per day, per examiner plus out-of-pocket expenses for each examination of Borrower's Books or the other Collateral performed by Lender or its designee, provided that so long as no Event of Default exists, Borrower has not made a request for Advances beyond the lending parameters set forth in Section 2.1 or any other request outside of the ordinary course of business, and Borrower has provided or shall provide Lender with any and all of Borrower's Books, or other documentation requested or deemed necessary by Lender to complete the field examination within the allotted timeframe, Borrower shall not be obligated to pay for more than twelve (12) examiner days (that is, $11,940 plus out-of-pocket expenses) of such field examinations during each contract (loan) year of the Term.
Field Examination Fee. Borrower is to pay Agent a field examination fee of $850.00 per man/day, plus expenses, not to exceed $10,200.00 per year (which limitation does not apply following an event of Default). The field examination fee is deemed earned in full on the date when same is due and payable hereunder and is not subject to rebate or pro ration upon termination of this Agreement for any reason.
Field Examination Fee. In addition to the agent and collateral --------------------- management fee described in Section 4.01(a) above, the Borrowers, jointly and severally, agree to pay the Agent for its own account (or the Agent may charge the Loan Account pursuant to Section 4.02) $750 per day per examiner plus the examiner's out-of-pocket costs and expenses incurred in connection with all visits, inspections, audits and examinations conducted by the Agent, provided that in the absence of a continuing Event of Default the aggregate per diem fee and out-of-pocket costs and expenses shall not exceed $10,000 for any year.
