Common use of Anniversary Fee Clause in Contracts

Anniversary Fee. A fully earned, non-refundable fee of $33,750, on the first anniversary of the Effective Date; and if this Agreement is terminated prior to the first anniversary of the Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)

AutoNDA by SimpleDocs

Anniversary Fee. A fully earned, non-refundable anniversary fee in connection with the Revolving Line in the amount of Thirty Thousand Dollars ($33,750, on 30,000.00) (the first anniversary “Anniversary Fee”) is earned as of the Effective Date; Date and if this Agreement is terminated prior due and payable on the earlier to occur of (i) the first one (1) year anniversary of the Effective Date, either by Borrower (ii) the termination of this Agreement, or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.(iii) the occurrence of an Event of Default;

Appears in 1 contract

Samples: Loan and Security Agreement (Beyond Meat, Inc.)

Anniversary Fee. A fully earned, non-refundable fee of $33,75037,500, on the first anniversary of the Effective Date; and if this Agreement is terminated prior to the first anniversary of the Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,75010,000, on the first anniversary of the Effective DateSeptember 30, 2015; and if this Agreement is terminated prior to the first anniversary of the Effective DateSeptember 30, 2015, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,75010,000, on the first anniversary of the Effective DateSeptember 30, 2017; and if this Agreement is terminated prior to the first anniversary of the Effective DateSeptember 30, 2017, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully fully-earned, non-refundable anniversary fee of equal to Thirty Thousand Dollars ($33,750, on the first anniversary of the Effective Date; and if this Agreement is terminated prior to the first anniversary 30,000.00) shall be earned as of the Effective Date, either by Borrower and shall be due and payable on the earlier of (i) the date that is one (1) year from the Effective Date, (ii) the occurrence of an Event of Default, or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.(iii) the early termination of this Agreement;

Appears in 1 contract

Samples: Loan and Security Agreement (Network Engines Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,75025,000, on the first anniversary of the August 2008 Amendment Effective Date; and if this Agreement is terminated prior to the first anniversary of the August 2008 Amendment Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,75010,000, on the first anniversary of the Effective DateSeptember 30, 2013; and if this Agreement is terminated prior to the first anniversary of the Effective DateSeptember 30, 2013, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A An anniversary fee, fully earnedearned on the Effective Date, non-refundable fee and in the amount of $33,75037,500, payable on the earlier of (i) the first anniversary of the Effective Date; and if Date or (ii) the date this Agreement is terminated prior to the first anniversary of the Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.terminated; and

Appears in 1 contract

Samples: Loan and Security Agreement (Rubicon Project, Inc.)

Anniversary Fee. A fully earned, non-refundable fee of $33,75030,000, on the first anniversary of the Effective Date; and if this Agreement is terminated prior to the first anniversary of the Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Iwatt Inc)

AutoNDA by SimpleDocs

Anniversary Fee. A fully earned, non-refundable fee of $33,75010,000, on the first anniversary of the September 2010 Amendment Effective Date; and if this Agreement is terminated prior to the first anniversary of the September 2010 Amendment Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,7505,000, on the first anniversary of the Effective DateSeptember 30, 2013; and if this Agreement is terminated prior to the first anniversary of the Effective DateSeptember 30, 2013, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,75010,000, on the first anniversary of the August 2008 Amendment Effective Date; and if this Agreement is terminated prior to the first anniversary of the August 2008 Amendment Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,7505,000, on the first anniversary of the September 2010 Amendment Effective Date; and if this Agreement is terminated prior to the first anniversary of the September 2010 Amendment Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Anniversary Fee. A fully earned, non-refundable fee of $33,75050,000, on the first anniversary of the Effective Date; and if this Agreement is terminated prior to the first anniversary of the Effective Date, either by Borrower or Bank, Borrower shall pay such Anniversary Fee to Bank in addition to any Termination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Isotis Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.