Common use of Fourth Amendment Fee Clause in Contracts

Fourth Amendment Fee. The Borrowers jointly and severally agree to pay to the Agent for the account of the Lenders an additional fee (the "Fourth Amendment Fee") in the amount of $100,000, $50,000 of which fee shall be payable on the Fourth Amendment Date and the balance of which shall be payable on August 1, 2005.

Appears in 1 contract

Sources: Fourth Amendment Agreement (Gerber Scientific Inc)

Fourth Amendment Fee. The Borrowers jointly and severally agree to pay shall have paid to the Agent Agent, for the account benefit of the Lenders an additional fee (Lender Group, in immediately available funds, the "Fourth Amendment Fee") non-refundable amendment fee, fully earned and payable in the amount accordance with Section 3 of $100,000this Amendment, $50,000 of which fee shall may be payable on charged to the Fourth Amendment Date and the balance of which shall be payable on August 1, 2005Loan Account.

Appears in 1 contract

Sources: Loan and Security Agreement (SCB Computer Technology Inc)