Closing/Annual Payments. Upon execution of this Agreement by each Company and Laurus, the Companies shall jointly and severally pay to Laurus Capital Management, LLC a closing payment in an amount equal to three and six-tenths percent (3.60%) of the Capital Availability Amount. Such payment shall be deemed fully earned on the Closing Date and shall not be subject to rebate or proration for any reason.
Closing/Annual Payments. Upon execution of this Agreement by Company and Laurus, Company shall pay to Laurus Capital Management, L.L.C. a closing payment in an amount equal to three and one-half percent (3.50%) of the Capital Availability
Closing/Annual Payments. Upon execution of this Agreement by Companies and Laurus, Companies shall pay to Laurus Capital Management, LLC a closing payment in an amount equal to two percent (2%) of the Capital Availability Amount. On each of the first and second anniversary of the Closing Date, Companies shall pay to Laurus Capital Management, LLC an annual renewal fee equal to three quarters percent (0.75%) of the Capital Availability Amount. Such payments shall be deemed fully earned on the Closing Date but shall not become payable until the occurrence of the execution of this Agreement or the anniversary of the Closing Date, as the case may be. In addition, Companies shall pay to Laurus Capital Management, LLC a closing payment equal to 0.20% of all Collateral Accounts (as defined below).
Closing/Annual Payments. Upon execution of this Agreement by Company and Laurus, Company shall pay to Laurus Capital Management, LLC a closing payment in an amount equal to three and six-tenths percent (3.6%) of the Capital Availability Amount. Such payment shall be deemed fully earned on the Closing Date and shall not be subject to rebate or proration for any reason. Unused Line Payment. If, for any month, the average outstanding Loans (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.5%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Closing/Annual Payments. Upon execution of this Agreement by each Company and Laurus, the Companies shall jointly and severally pay to Laurus Capital Management, LLC a closing payment in an amount equal to $195,000. Such closing payment shall be deemed fully earned on the Closing Date and shall not be subject to rebate or proration for any reason. Prior to the drawing by any Company of any Loan, which when added to all other Loans outstanding hereunder, is in excess of $5,000,000, the Companies shall jointly and severally pay to Laurus Capital Management, LLC a post-closing payment (the "Post-Closing Payment") in an amount equal to $195,000. The Post-Closing Payment shall be deemed fully earned on the date of such payment and shall not be subject to rebate or proration for any reason.
Closing/Annual Payments. Upon execution of this Agreement by each Company and GSSF, the Companies shall jointly and severally pay to GSSF a closing payment in an amount equal to three and three-quarters percent (3.75%) of the Total Investment Amount. Such payment shall be deemed fully earned on the Closing Date and shall not be subject to rebate or proration for any reason.
Closing/Annual Payments. Upon execution of this Agreement by each Company and Gryphon, the Companies shall jointly and severally pay to Gryphon a closing payment in an amount equal to three and three-quarters percent (3.75%) of the Total Investment Amount. Such payment shall be deemed fully earned on the Closing Date and shall not be subject to rebate or proration for any reason.
Closing/Annual Payments. Upon the First Advance Date the Company shall pay to Laurus Capital Management, LLC a closing payment in an amount equal to $US72,000. Upon the Second Advance Date, the Company shall pay to Laurus Capital Management LLC, a closing payment in an amount equal to $US144,000. Such payments shall be deemed fully earned on the First Advance Date and the Second Advance Date respectively, and shall not be subject to rebate or proration for any reason.
Closing/Annual Payments. Upon execution of this Agreement by each Company and Laurus, the Companies shall jointly and severally pay to Laurus Capital Management, LLC, the investment advisor of Laurus ("LCM"), a non-refundable servicing payment in an amount equal to three and one-half percent (3.50%) of the Total Investment Amount (of which amount, US$122,500 has been waived). The foregoing payment is referred to herein as the "Servicing Payment." The parties acknowledge that the Servicing Payment is a reasonable estimate of the expenses that LCM will incur in monitoring and servicing this Agreement and the Ancillary Agreements, and the Servicing Payment is intended to enable LCM to defray such expenses.
Closing/Annual Payments. Upon execution of this Agreement by the Company and Laurus, the Company shall pay to Laurus Capital Management, LLC a closing payment in an amount equal to three and one half percent (3.5%) of the Capital Availability Amount. On each anniversary of the Closing Date (or earlier upon termination of this Agreement), the Company shall pay to Laurus Capital Management, LLC an annual payment equal to one percent (1%) of the amount outstanding hereunder on the second and third anniversary date hereof (the "Annual Payment"). Such Annual Payments, pursuant to Section 2(a) (iv) hereof, shall become part of the outstanding Obligations under the facility contemplated by this Agreement and shall accrue interest at the Contract Rate. The payments set forth in this Section 5(b)(i) shall be deemed fully earned on the Closing Date and shall not be subject to rebate or proration for any reason. Notwithstanding the immediately and each successive anniversary date foregoing sentence, Laurus will refund the Annual Payment to the Company if the Initial Term is not extended as contemplated in Section 17 hereof.
