Common use of Collateral Monitoring Fee Clause in Contracts

Collateral Monitoring Fee. Borrower shall pay Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, on the first day of each month.

Appears in 2 contracts

Sources: Loan Agreement (WES Consulting, Inc.), Loan and Security Agreement (WES Consulting, Inc.)

Collateral Monitoring Fee. Borrower shall pay to Lender a monthly non-refundable collateral monitoring fee in the amount of Two Hundred Fifty and 00/100 (the “Collateral Monitoring Fee”$250.00) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan accountDollars per month, in arrears, payable on the first day of each monthmonth commencing on the first day of the first month following the Funding Date.

Appears in 2 contracts

Sources: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement (CPS Technologies Corp/De/)

Collateral Monitoring Fee. The Borrower shall pay to the Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) amount of $2,000, due and payable monthly in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, arrears on the first day of each monthmonth and on the Termination Date.

Appears in 1 contract

Sources: Credit and Security Agreement (Gardenburger Inc)

Collateral Monitoring Fee. Borrower Borrowers shall pay to Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) $1,500.00 for each calendar month, or portion thereof, during the term of the Line of Creditthis Agreement. The Collateral Monitoring Fee collateral monitoring fee for each calendar month shall be charged to Borrower's loan account, due and payable in arrears, arrears on the first day of each calendar month and on the Termination Date, and shall be prorated for any partial calendar month.

Appears in 1 contract

Sources: Loan and Security Agreement (Digirad Corp)

Collateral Monitoring Fee. On each Payment Date, the Borrower shall pay to Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount Fee equal to one the greater of (a) $350.00 per month or (b) the quotient of one-quarter of one percent (0.25.25%) of the Line outstanding principal balance of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, on the first day of each monthLoan divided by twelve (12).

Appears in 1 contract

Sources: Loan Modification Agreement (Techprecision Corp)

Collateral Monitoring Fee. Borrower shall pay to Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent One Thousand Two Hundred Dollars (0.25%) of the Line of Credit. The $1,200.00), which Collateral Monitoring Fee monitoring fee shall be charged to Borrower's loan account, payable monthly in arrears, arrears on the first day of each monthmonth and on the Termination Date.

Appears in 1 contract

Sources: Loan and Security Agreement (InterMetro Communications, Inc.)

Collateral Monitoring Fee. The Borrower shall pay Lender to the Bank a monthly collateral monitoring fee in the amount of One Thousand and 00/100 Dollars ($1,000.00) (the "Collateral Monitoring Fee") in an amount equal to one quarter of one percent (0.25%) respect of the Line Bank's monitoring of Credit. The the Collateral Monitoring Fee shall be charged pursuant to Borrower's loan account, in arrears, on this Agreement and the first day of each monthother Loan Documents.

Appears in 1 contract

Sources: Credit Agreement (Oakhurst Co Inc)

Collateral Monitoring Fee. Borrower shall pay to Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter $1,500 per month during the term of one percent (0.25%) of the Line of Creditthis Agreement. The Collateral Monitoring Fee collateral monitoring fee shall be charged to Borrower's loan account, in arrears, payable on the first day of each month. Each collateral monitoring fee shall be deemed included in the Obligations when charged.

Appears in 1 contract

Sources: Loan and Security Agreement (Galaxy Nutritional Foods Co)

Collateral Monitoring Fee. Borrower Borrowers shall pay to Lender a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, on the first day of each month a collateral monitoring fee in an amount equal to $2,500.00 per month.

Appears in 1 contract

Sources: Credit and Security Agreement (Canisco Resources Inc)

Collateral Monitoring Fee. The Borrower shall agrees to pay to the Lender a monthly collateral monitoring fee (in the “Collateral Monitoring Fee”) amount of $1,000 per month, due and payable monthly in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account, in arrears, arrears on the first day of each monthmonth and on the Termination Date.

Appears in 1 contract

Sources: Credit and Security Agreement (Ronson Corp)

Collateral Monitoring Fee. The Borrower shall will pay Lender a monthly collateral monitoring fee (to the “Collateral Monitoring Fee”) Lender in an the amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan account$500 per month, payable in arrears, advance on the first day of each month.

Appears in 1 contract

Sources: Credit and Security Agreement (Exabyte Corp /De/)

Collateral Monitoring Fee. Borrower shall pay Lender to the Bank a monthly collateral monitoring fee (the “Collateral Monitoring Fee”) in an amount equal to one quarter of one percent (0.25%) of the Line of Credit. The Collateral Monitoring Fee shall be charged to Borrower's loan accountin the amount of $1,000 per month, in arrears, payable on the first day of each monthmonth in arrears (prorated for any partial month at the beginning and at the termination of this Agreement).

Appears in 1 contract

Sources: Loan and Security Agreement (Critical Path Inc)