Common use of Closing/Annual Payments Clause in Contracts

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 Company and Laurus, Company shall pay to Laurus Capital Management, L.L.C. a closing payment in an amount equal to three and onenine-half tenths percent (3.503.90%) of the Capital AvailabilityAvailability 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 one percent (3.501.00%) of the Capital AvailabilityTotal 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.