Common use of Closing/Annual Payments Clause in Contracts

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 Companies the Company and Laurus, Companies the Company shall pay to Laurus Capital Management, LLC a closing payment in an amount equal to two one percent (21%) of the Capital Availability Amount. On each of the first and second anniversary of the Closing Date, Companies the Company shall pay to Laurus Capital Management, LLC an annual renewal fee payment equal to three quarters one percent (0.751%) 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 Companies the Company and Laurus, Companies the Company shall pay to Laurus Capital Management, LLC a closing payment in an amount equal to two three percent (23%) of the Capital Availability Amount. On each of the first and second anniversary of the Closing Date, Companies the Company shall pay to Laurus Capital Management, LLC an annual renewal fee payment equal to three quarters one percent (0.751%) 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 the Company 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 Companies the Company and Laurus, Companies the Company 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 the Company shall pay to Laurus Capital Management, LLC an annual renewal fee payment equal to three quarters one percent (0.751%) 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 additionThe parties may agree to adjust from time to time the amount of the Capital Availability Amount, Companies and in the case of an increase, the Company shall pay to Laurus Capital Management, LLC a 2% closing payment equal to 0.20% on the amount of all Collateral Accounts (as defined below)such increase.