Common use of Fees and Reimbursement of Expenses Clause in Contracts

Fees and Reimbursement of Expenses. (a) As consideration for the pledge of the Collateral, for so long the Collateral is pledged to and held by the Bank, ▇▇▇▇▇ ▇▇▇▇▇ hereby agrees to pay to the LLC a quarterly fee (the “Quarterly Fee”) equal to 0.5% of the Collateral actually pledged (or if the Commitment has been reduced pursuant to Section 3.2(b) of the Credit Agreement or other agreement of ▇▇▇▇▇ ▇▇▇▇▇, then on such portion of the Collateral as is required by the Bank in respect of such Commitment) on the last day of the month prior to such Quarterly Fee’s due date. The Quarterly Fees due under this Agreement shall be due on the 17th day of January, April, July and October. (b) [reserved] (c) In addition to the Quarterly Fees due under this Agreement, ▇▇▇▇▇ ▇▇▇▇▇ shall, within five days of receiving a request from the LLC, reimburse the LLC for all LLC costs and expenses incurred by the LLC in connection with this Agreement, the Loan, the Loan Documents, the Pledge Documents, and the pledge of the collateral (collectively, the “Reimbursed Expenses”). The Reimbursed Expenses shall include, but are not limited to, reasonable legal, accounting, custody and Bank fees, expenses, and costs incurred by the LLC in its formation, initial funding, and throughout the term of this Agreement (except to the extent related to LLC activities after the date hereof which are unrelated to this Agreement or the Loan Documents). (d) All payments made under this Agreement shall be paid by ▇▇▇▇▇ ▇▇▇▇▇ in cash pursuant to a check or wire transfer made payable to the LLC.

Fees and Reimbursement of Expenses. (a) As consideration for the pledge of the Collateral, for so long the Collateral is pledged to and held by the Bank, ▇▇▇▇▇ ▇▇▇▇▇ hereby agrees to pay to the LLC a quarterly an annual fee equal to $480,000 (the “Quarterly Annual Fee”) equal to 0.5% of ), for so long the Collateral actually is pledged (or if the Commitment has been reduced pursuant to Section 3.2(b) of the Credit Agreement or other agreement of ▇▇▇▇▇ ▇▇▇▇▇, then on such portion of the Collateral as is required and held by the Bank Bank, to be paid quarterly as described in respect of such Commitment(b) on the last day of the month prior to such Quarterly Fee’s due date. below. (b) The Quarterly Annual Fees due under this Agreement shall be payable in quarterly installments of $120,000 each, with the first quarterly payment due upon execution of this Agreement and all following quarterly payments due in advance of the next calendar quarter such that the first quarterly installment shall be due on April 17, 2017, the second quarterly installment shall be due on July 17, 2017, the third quarterly installment shall be due on October 17, 2017, and the fourth quarterly installment shall be due on January 17, 2018, with all subsequent quarterly installments due on the same 17th day of January, each of April, July July, October, and OctoberJanuary of the applicable year during the term of this Agreement. (b) [reserved] (c) In addition to the Quarterly Annual Fees due under this Agreement, ▇▇▇▇▇ ▇▇▇▇▇ shall, within five days of receiving a request from the LLC, reimburse the LLC for all LLC costs and expenses incurred by the LLC in connection with this Agreement, the Loan, the Loan Documents, the Pledge Documents, and the pledge of the collateral (collectively, the “Reimbursed Expenses”). The Reimbursed Expenses shall include, but are not limited to, reasonable legal, accounting, custody and Bank fees, expenses, and costs incurred by the LLC in its formation, initial funding, and throughout the term of this Agreement (except to the extent related to LLC activities after the date hereof which are unrelated to this Agreement or the Loan Documents). (d) All payments made under this Agreement shall be paid by ▇▇▇▇▇ ▇▇▇▇▇ in cash pursuant to a check or wire transfer made payable to the LLC.