Late Reporting Fee. Borrower shall pay to BACC a fee in an amount equal to Fifty Dollars ($50.00) per document per day for each Business Day any report, financial statement or schedule required by this Agreement to be delivered to BACC is past due.
Appears in 3 contracts
Samples: Loan and Security Agreement (Reeds Inc), Loan and Security Agreement (Icx Electronics Inc), Loan and Security Agreement (Windswept Environmental Group Inc)
Late Reporting Fee. Borrower shall pay to BACC a fee in an amount equal to Fifty Twenty Five Dollars ($50.0025.00) per document per day for each Business Day any report, financial statement or schedule required by this Agreement to be delivered to BACC is past due.
Appears in 3 contracts
Samples: Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp), Loan and Security Agreement (K Tronik International Corp)
Late Reporting Fee. Borrower shall pay to BACC a fee in an amount equal to Fifty Dollars ($50.00) per document per day for each Business Day any report, financial statement or schedule required by this Agreement to be delivered to BACC BACC, is past due.
Appears in 2 contracts
Samples: Loan and Security Agreement (Drinks Americas Holdings, LTD), Loan and Security Agreement (Drinks Americas Holdings, LTD)
Late Reporting Fee. Borrower shall pay to BACC a fee in an amount equal to Fifty Dollars ($50.00) per document per day for each Business Day any report, financial statement or schedule required by this Agreement to be delivered to BACC is past duedue and such report, financial statement or schedule is not delivered within two (2) Business Days after notice by BACC to Borrower (pursuant to paragraph 12 below or electronically) of such late reporting, in which event such late reporting fee shall accrue and be payable from the original due date of any such report, financial statement or schedule.
Appears in 1 contract
Samples: Loan and Security Agreement (Farmstead Telephone Group Inc)
Late Reporting Fee. Borrower shall pay to BACC a fee in an amount equal to Fifty Dollars ($50.00) per document per day for each Business Day any report, financial statement or schedule required by this Agreement to be delivered to BACC BACC, is past due, and such report, etc., is not furnished to BACC with in three (3) Business Days after notice by BACC to Borrower that such report, etc. is past due, in which event the late reporting fee may be assessed retroactively to the date the report, etc. was due.
Appears in 1 contract
