CLOSING FEE; COLLATERAL MONITORING FEE Sample Clauses

CLOSING FEE; COLLATERAL MONITORING FEE. A non-refundable closing fee of $15,000, payable at closing (the "Closing Fee"). A non-refundable annual collateral monitoring fee of $10,000 (the "Collateral Monitoring Fee") payable in advance on the Closing Date and on each anniversary of the Closing Date.
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CLOSING FEE; COLLATERAL MONITORING FEE. A closing fee of $17,500, payable and fully earned at closing (the "Closing Fee"), but subject to refund pursuant to the terms of the Post-Closing Letter. A fully earned and non-refundable collateral monitoring fee of $12,000 per annum, payable in advance on the date that Borrower satisfies the conditions described in Section 2.1 of the Agreement or Lender waives satisfaction of such conditions in writing and on each anniversary thereof.
Sample 1
CLOSING FEE; COLLATERAL MONITORING FEE. A non-refundable commitment fee of $50,000 (the "Closing Fee") payable in three equal installments as follows: (i) the first installment shall be due upon the execution of the commitment letter for this facility, and (ii) the remaining two installments shall be due on the first and second anniversaries of the Closing Date. A non-refundable collateral monitoring fee of $500 per month, payable in advance on the first day of each month.
Sample 1
CLOSING FEE; COLLATERAL MONITORING FEE. A fully earned and non-refundable closing fee of $30,000 (the "Closing Fee"), $7,500 of which will be due and payable on the Closing Date (against which will be credited the unused balance, net of expenses, of the underwriting deposit paid by Borrower to Lender) and the balance of which will be due in three $7,500 installments payable on or before the first day of the next three Fiscal Quarters of Borrower following the Closing Date. A fully earned and non-refundable collateral monitoring fee of $18,000 per annum, payable quarterly in advance in quarterly installments of $4,500 each on the Closing Date and on the first day of each Fiscal Quarter thereafter.
Sample 1
CLOSING FEE; COLLATERAL MONITORING FEE. A non-refundable closing fee of $45,000, payable and fully earned at closing (the "Closing Fee") (Lender acknowledges that Borrowers have previously paid a commitment fee in the amount of $45,000). A fully earned and non-refundable collateral monitoring fee of $24,000 per annum, payable in equal monthly installments commencing on the Closing Date and on the first day of each month thereafter; provided, however, that any unpaid Collateral Monitoring Fee shall be immediately due and payable on the Commitment Termination Date. The Collateral Monitoring Fee shall be subject to adjustment (up or down) prospectively on an annual basis as determined by the Borrowers' consolidated financial performance, commencing on the First Adjustment Date. Adjustments to the Collateral Monitoring Fee shall be in accordance with the following grid ---------------------------------------- -------------------------------------- If the Fixed Charge Coverage Ratio for Then the annual Collateral the Immediately Preceding Fiscal Year Monitoring Fee shall be: is: ---------------------------------------- -------------------------------------- Less than or equal to 1.25 : 1.0 $24,000 ---------------------------------------- -------------------------------------- Greater than 1.25 : 1.0, but less than $18,000 1.50 : 1.0 ---------------------------------------- -------------------------------------- Greater than or equal to 1.50 : 1.0 $12,000 ---------------------------------------- -------------------------------------- All adjustments in the Collateral Monitoring Fee after the First Adjustment Date shall be implemented annually on a prospective basis, for each calendar month commencing at least five days after the date of delivery to Lender of the Borrowers' annual audited Financial Statements evidencing the need for an adjustment. Concurrently with the delivery of such Financial Statements, Borrowers shall deliver to Lender a certificate, signed by their chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Collateral Monitoring Fee. Failure to timely deliver such Financial Statements shall result in an increase in the Collateral Monitoring Fee to the highest level set forth in the foregoing grid, until the first day of the first calendar month following the delivery of those Financial Statements demonstrating that such an increase is not required. If a Default or Event of Default has occurred and is continuing at the time a...
Sample 1

Related to CLOSING FEE; COLLATERAL MONITORING FEE

  • Collateral Monitoring Fee Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

  • Collateral Management Fee Borrower shall pay Lender as additional interest a monthly collateral management fee (the “Collateral Management Fee”) equal to .083% per month calculated on the basis of the daily average amount of the balances under the Revolving Facility outstanding during the preceding month. The Collateral Management Fee shall be payable monthly in arrears on the first day of each successive calendar month (starting with the month in which the Closing Date occurs).

  • Monitoring Fee The Owners agree to pay the Council’s costs and expenses incurred or to be to be incurred by the Council in the administration and monitoring of the provisions of his Agreement in the sum of £400.00 such sum to be paid to the Council on the Effective Date

  • Structuring Fee In consideration for the time, effort and expense involved in the preparation, negotiation and execution of this Agreement, at the time of the execution and delivery of this Agreement by the Company and Prudential, the Company will pay to Prudential in immediately available funds a fee (the “Structuring Fee”) in the amount of $25,000.

  • Closing Fee On the Effective Date, the Borrower agrees to pay to the Administrative Agent and each Lender all loan fees as have been agreed to in writing by the Borrower and the Administrative Agent.

  • Financing Fee In the event of any debt financing obtained by or for the Company, the Company will pay to the Advisor or its assignees upon the closing of such debt financing a fee (a “Financing Fee”) equal to (i) 0.75% of the amount available under such debt financing, whether at the Company, Partnership, or any direct or indirect subsidiary level, and (ii) 0.75% of the portion that is attributable to the Company’s or the Partnership’s direct or indirect investment in a Joint Venture or partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner. The Advisor (or Sub-advisor) may reallow all or a portion of any Financing Fee to reimburse a non-Affiliated third party with whom it may subcontract to procure any such debt financing. All or any portion of the Financing Fees not taken as to any fiscal year shall be deferred without interest and may be paid in such other fiscal year as the Advisor shall determine.

  • Loan Fee Borrower agrees to pay Lender a single loan fee per Loan (a “Loan Fee”) equal to $0.001 per Loaned Share. The Loan Fee shall be paid by Borrower on or before the time of transfer of the Loaned Shares pursuant to Section 2(d) on a delivery-versus-payment basis through the facilities of the Clearing Organization.

  • Origination Fee The Borrower shall pay the Lender a fully earned and non-refundable origination fee of $50,000, due and payable upon the execution of this Agreement.

  • Acquisition Fee Subject to Section 12(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns as compensation for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of each Investment. If the Advisor is terminated without Cause pursuant to Section 18(b)(1), the Advisor or its assigns shall be entitled to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable Investment had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns shall be equal to 1.5% of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investment. The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase Price of the Investment, multiplied by (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s), the Company shall pay to the Advisor or its assigns 1.0% of the Contract Purchase Price of the new Investment(s).

  • Investment Management Fee For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month. If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii). If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers and reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered. To the extent that waivers and reimbursements by the Advisor required by such limitations are in excess of the Advisor's management fee, the Investment Management Fee paid to the Sub-Advisor will be reduced to zero for that month, but in no event shall the Sub-Advisor be required to reimburse the Advisor for all or a portion of such excess reimbursements.

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