Common use of Modification Fee Clause in Contracts

Modification Fee. Borrower shall have paid PFG a fee in consideration of PFG’s waiver and modification of the Loan Agreement in the amount of $5,000, due within one (1) Business Day of invoice.

Appears in 1 contract

Sources: Loan and Security Agreement (Sonic Foundry Inc)

Modification Fee. Borrower shall have paid PFG a fee in consideration of PFG’s waiver and modification of the Loan Agreement in the amount of $5,000, due within one (1) Business Day of promptly upon invoice.

Appears in 1 contract

Sources: Loan and Security Agreement (Sonic Foundry Inc)

Modification Fee. Promptly upon PFG invoice, Borrower shall have paid pay PFG a modification fee in consideration of PFG’s waiver and modification of the Loan Agreement in the amount of $5,000, due within one (1) Business Day 7,500. A failure to timely satisfy any of invoicethe foregoing conditions shall constitute an immediate Event of Default under the Loan Agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Giga Tronics Inc)

Modification Fee. Borrower shall have paid PFG a fee in consideration of PFG’s waiver and modification of the Loan Agreement in the amount of $5,00010,000, due within one (1) Business Day of invoice.

Appears in 1 contract

Sources: Loan and Security Agreement (Sonic Foundry Inc)