Collateral Monitoring Fee. The Borrowers shall pay to the Lender a collateral monitoring fee equal to $8,333.50 per month, commencing on the first day of the month following the Closing Date and on the first day of each month thereafter. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under any circumstances.
Appears in 2 contracts
Sources: Loan Agreement (Coachmen Industries Inc), Loan Agreement (Coachmen Industries Inc)
Collateral Monitoring Fee. The Borrowers shall pay to the Lender Agent a collateral monitoring fee equal to $8,333.50 1,500 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Akrion, Inc.), Revolving Credit and Security Agreement (Akrion, Inc.)
Collateral Monitoring Fee. The Borrowers shall pay to the Lender Agent, for the ratable benefit of the Lenders, a collateral monitoring fee equal to of $8,333.50 per month15,000 for each month or part thereof during which any Revolving Credit Loans are outstanding and unpaid, commencing payable on the Effective Date and thereafter in advance on the first day of the month following the Closing Date and on the first day Business Day of each month thereafter. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under any circumstancescalendar month.
Appears in 1 contract
Sources: Loan and Security Agreement (Tropical Sportswear International Corp)
Collateral Monitoring Fee. The Borrowers shall pay to the Lender a monthly collateral monitoring fee equal to in the amount of $8,333.50 per 1,000 for each calendar month, commencing on or portion thereof, during the first day term of the this Agreement. The collateral monitoring fee for each calendar month following the Closing Date shall be due and payable in arrears on the first day of each calendar month thereafter. The collateral monitoring fee and on the Termination Date, and shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under prorated for any circumstancespartial calendar month.
Appears in 1 contract
Collateral Monitoring Fee. The Borrowers Borrower shall pay to the Lender a collateral monitoring fee equal to $8,333.50 5,000.00 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 1 contract
Sources: Credit and Security Agreement (Cold Metal Products Inc)
Collateral Monitoring Fee. The Borrowers Borrower shall pay to the Lender a collateral monitoring fee equal to $8,333.50 500.00 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Capstone Holding Corp.)
Collateral Monitoring Fee. The Borrowers Borrower shall pay to the Lender a collateral monitoring fee equal to $8,333.50 per month, commencing on the first day of the month following the Closing Date and Agent on the first day of each month thereafter. The a collateral monitoring fee in an amount equal to $1,500 per month. In addition, the Borrower shall be deemed earned pay to Agent, for each person employed to perform field examinations, collateral analysis and/or other business analysis, an amount equal to $600 per day for each person performing such examinations or analysis, plus all costs and disbursements incurred by Agent in full on the date when same is due and payable hereunder and shall not be subject to rebate performance of such examinations or proration under any circumstancesanalysis.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Warner Chilcott PLC)
Collateral Monitoring Fee. The Borrowers shall pay to the Lender Agent a collateral monitoring fee equal to $8,333.50 1,000 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Compudyne Corp)
Collateral Monitoring Fee. The Borrowers shall pay to the Lender Agent, for the sole benefit of the Agent, a collateral monitoring fee equal to $8,333.50 1,667 per month, commencing payable in advance on the first day of the month following the Closing Date and on the first day of each month thereafterduring the Term of this Agreement. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 1 contract
Collateral Monitoring Fee. The Borrowers shall pay to the Lender a collateral monitoring fee equal to $8,333.50 5,000.00 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 1 contract
Sources: Credit and Security Agreement (Cold Metal Products Inc)
Collateral Monitoring Fee. The Borrowers shall pay to the Lender Agent a collateral monitoring fee equal to $8,333.50 2,500 per month, month commencing on the first day of the month following the Closing Date and on the first day of each month thereafterthereafter during the Term. The collateral monitoring fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under upon termination of this Agreement for any circumstancesreason.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (PDS Financial Corp)
Collateral Monitoring Fee. The Borrowers shall pay to Agent each month, for its own account, in arrears, on the Lender first Business Day of the following month, a collateral monitoring fee equal to of $8,333.50 per month, commencing on the first day of the month following the Closing Date and on the first day of each month thereafter1,500. The collateral monitoring Such fee shall be deemed earned pro-rated for any month during which this Agreement is in effect for less than a full on the date when same is due and payable hereunder and shall not be subject to rebate or proration under any circumstancesmonth.
Appears in 1 contract
Sources: Loan and Security Agreement (Eagle Supply Group Inc)