Common use of AGENCY AND TRUSTEE FEES Clause in Contracts

AGENCY AND TRUSTEE FEES. Ideal shall pay to the Agent and the Security Trustee each for its own account the agency fees or, as the case may be, the trustee fees specified in the letter dated on or about the date of this Agreement from the Agent and the Security Trustee respectively to Ideal. The full amount of such fees shall be deemed to have accrued due and become payable in full on the Closing Date but the Agent and the Security Trustee each agree, subject to clause 29.3, that such fees shall be paid in equal instalments on the Closing Date and on the first day of each calendar month thereafter prior to the termination of this Agreement.

Appears in 3 contracts

Samples: Syndicated Credit Agreement (Bell Microproducts Inc), Supplemental Agreement (Bell Microproducts Inc), Syndicated Credit Agreement (Bell Microproducts Inc)

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AGENCY AND TRUSTEE FEES. Ideal shall pay to the Agent and the Security Trustee each for its own account the agency fees or, as the case may be, the trustee fees specified in the letter a Fee Letter dated on or about the date of this the Sixth Supplemental Agreement from the Agent and the Security Trustee respectively to Ideal. The full amount of such fees shall be deemed to have accrued due and become payable in full on the Closing Effective Date but the Agent and the Security Trustee each agree, subject to clause 29.3, that such fees shall be paid in equal instalments on the Closing Effective Date and on the first day of each calendar month thereafter prior to the termination of this Agreement.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Bell Microproducts Inc)

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