Administrative Agent Fee definition

Administrative Agent Fee shall have the meaning assigned to such term in Section 2.05(b).

Administrative Agent Fee has the meaning set forth in the Administrative Agent Fee Letter.

Administrative Agent Fee means the fee payable to the Administrative Agent in arrears on each Quarterly Payment Date, equal to $5,000 per Quarterly Payment Date.

Examples of Administrative Agent Fee in a sentence

• The proceeds of the first advance of Term Loan shall be disbursed as follows: Term Loan $ 210,000.00 Less: Administrative Agent Fee to be remitted to Agile Capital Funding, LLC $ (10,000.00 ) TOTAL TERM LOAN NET PROCEEDS TO BORROWER $ 200,000.00 The aggregate net proceeds of the Term Loan shall be transferred to the Designated Deposit Account as follows: BORROWER: BLUE STAR FOODS CORP.

• The Administrative Agent Fee of TEN THOUSAND DOLLARS ($10,000.00),which shall be paid at closing out of proceeds of the Term Loan for the account of Collateral Agent.

• The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times as set forth in the Administrative Agent Fee Letter dated March 28, 2022 between the Borrower and the Administrative Agent.

• The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times as set forth in the Administrative Agent Fee Letter dated June 2, 2022 between the Borrower and the Administrative Agent.

• At least two (2) Business Days prior to each Interest Payment Date, the Administrative Agent shall deliver an invoice to the Servicer, the Collateral Agent and the Collateral Administrator in respect of the interest and Administrative Agent Fee due on such Interest Payment Date.

More Definitions of Administrative Agent Fee

Administrative Agent Fee means the fee payable to the Administrative Agent in arrears on each Quarterly Payment Date, equal to $2,500 per Quarterly Payment Date.

Administrative Agent Fee means the fee payable to the Administrative Agent on an annual basis in accordance with the Priority of Payments in an amount specified in the Administrative Agent Fee Letter; provided, that such fee shall (i) first, be paid on the Closing Date, (ii) next, on the first Quarterly Payment Date that occurs after the first anniversary of the Closing Date and (iii) thereafter, annually commencing on the applicable Quarterly Payment Date that is one year after the Quarterly Payment Date in clause (ii) of this proviso.

Administrative Agent Fee shall have the meaning assigned to such term in the Fee Letter.

Administrative Agent Fee. As defined in Section 3.10.

Administrative Agent Fee shall have the meaning set forth in the related Fee Letter; provided that the Administrative Agent Fee shall not be greater than 0.10% of the Facility Limit per annum.

Administrative Agent Fee has the meaning set forth in Section 3.05.

Administrative Agent Fee means a fee as set forth in the Fee Letter between the Borrower and the Administrative Agent, due in accordance with the terms thereof, and paid in accordance with the Priority of Payments. “Advance Rate” means, with respect to each Scooter and as of any date of determination, (a) on any day prior to but excluding the Amendment No. 2 Initial Funding Date, 70%, (b) from and after the Amendment No. 2 Initial Funding Date until and including December 31, 2021, 97.50%, (c) from and after January 1, 2022 until and including the date which is the first anniversary of the Amendment No. 2 Initial Funding Date, 90%, and (d) from and after the day after the date which is the first anniversary of the Amendment No. 2 Initial Funding Date, 80%. “Adverse Claim” means any ownership interest or claim, mortgage, deed of trust, pledge, lien, security interest, hypothecation, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including, but not limited to, any conditional sale or title retention arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing); it being understood that any of the foregoing in favor of, or assigned to, the Administrative Agent (for the benefit of the Secured Parties) shall not constitute an Adverse Claim. “Advisors” has the meaning set forth in Section 14.06(c). “Affected Person” means the Administrative Agent and each Lender. “Affiliate” means, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by or is under common control with such Person. For purposes of this definition, control of a Person shall mean the power, direct or indirect, (x) to vote 25% or more of the securities having ordinary voting power for the election of directors or managers of such Person or (y) to direct or cause the direction of the management and policies of such Person, in either case whether by ownership of securities, contract, proxy or otherwise. “Aggregate Capital” means, at any time of determination, the aggregate principal amount of all Loans made hereunder as of such time. “Agreement” has the meaning set forth in the preamble to this Agreement. “Amendment No. 2” means that certain Amendment No. 2 to Loan and Security Agreement dated as of ...