Collateral Management Fee / Inventory definition

Collateral Management Fee / Inventory means One and Thirty Five Hundredths Percent (1.35%) of the average outstanding inventory loan balance, due and payable monthly in arrears.
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Collateral Management Fee / Inventory shall have the meaning set forth in the Addendum to Financing Agreement (Inventory Financing).
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Examples of Collateral Management Fee / Inventory in a sentence

  • Advances based upon Acceptable Inventory shall be subject to all fees, including the Collateral Management Fee / Inventory, commissions, charges, terms and conditions applicable to any other advance under the Financing Agreement, except that the “Daily Funds Rate” for purposes of determining charges for Advances based upon Acceptable Inventory shall mean the Prime Rate (as published in the Wall Street Journal) plus Two Percent (2.00%).

  • Advances based upon Acceptable Inventory shall be subject to all fees, including the Collateral Management Fee / Inventory, commissions, charges, terms and conditions applicable to any other advance under the Financing Agreement, except that the "Daily Funds Rate" for purposes of determining charges for Advances based upon Acceptable Inventory shall mean the Prime Rate (as published in the Wall Street Journal) plus Three Percent (3.00%).