Common use of Agent Fee Clause in Contracts

Agent Fee. For administration and other services performed by the Agent in connection with its continuing administration of this Agreement, the Borrower shall pay to the Agent, for its own account, and not for the account of the Lenders, an annual fee of $50,000, payable quarterly in advance beginning on the Effective Date and continuing for so long as any Secured Obligation shall remain outstanding or the Revolving Credit Facility shall not have been terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Texfi Industries Inc), Loan and Security Agreement (Texfi Industries Inc)

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Agent Fee. For administration and other services performed by the Administrative Agent in connection with its continuing administration of this Agreement, the Borrower shall pay to the Administrative Agent, for its own account, account and not for the account of the Lenders, an annual fee of $50,00075,000, payable quarterly in advance beginning on the Effective Date and continuing on each anniversary thereof thereafter for so long as any Secured Obligation shall remain outstanding or the Revolving Credit Facility shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Agent Fee. For administration and other services performed by the Administrative Agent in connection with its continuing administration of this Agreement, the Borrower Borrowers shall pay to the Administrative Agent, for its own account, account and not for the account of the Lenders, an annual fee of $50,00075,000, payable quarterly in advance beginning on the Effective Date and continuing on each anniversary thereof thereafter for so long as any Secured Obligation shall remain outstanding or the Revolving Credit Facility shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Agent Fee. For administration and other services performed by the Agent in connection with its continuing administration of this Agreement, the Borrower Borrowers, jointly and severally, shall pay to the Agent, for its own account, and not for the account of the Lenders, an annual fee of $50,000, payable quarterly annually in advance beginning advance, on the Effective Date and continuing on each anniversary thereof for so long as any Secured Obligation Obligations shall remain outstanding or the Revolving Credit Facility Commitments shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Racing Inc)

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Agent Fee. For administration and other services performed by the Agent in connection with its continuing administration of this Agreement, the Borrower Borrowers, jointly and severally, shall pay to the Agent, for its own account, and not for the account of the Lenders, an annual fee of $50,00035,000, payable quarterly in advance beginning on the Effective Date and continuing on each anniversary thereof for so long as any Secured Obligation shall remain outstanding or the Revolving Credit Facility shall not have been terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Ridgeview Inc)

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