Collateral Agent Fee Sample Clauses
The Collateral Agent Fee clause defines the payment obligations related to the compensation of the collateral agent in a financing or secured transaction. Typically, this clause specifies the amount, timing, and method of payment for the agent who holds and manages collateral on behalf of the lenders, and may outline whether the fee is a one-time charge or recurring. Its core practical function is to ensure that the collateral agent is properly compensated for their services, thereby facilitating the smooth administration and enforcement of collateral arrangements.
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Collateral Agent Fee. By countersigning this Agreement the Company agrees to pay to the Collateral Agent for its own account (i) a fee in the amount of $2,500 per calendar month plus (ii) the Collateral Agent’s actual out-of-pocket expenses in serving as Collateral Agent under this Agreement. Such monthly fee shall be due and payable in advance on the date of this Agreement and on the same date of each month thereafter. All such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.
Collateral Agent Fee. Upon Closing, the Company will pay the Collateral Agent the fee designated in the Collateral Agent Agreement (“Collateral Agent Fee”). Such fee will be paid out of the funds held pursuant to the Escrow Agreement.
Collateral Agent Fee. The Company shall pay (or procure the payment of) to the Collateral Agent (for its own account) the Collateral Agent fee in the amount and at the times agreed in a Fee or Closing Payment Letter.
Collateral Agent Fee. On each Payment Date, the Borrower shall pay the Collateral Agent Fee to the Collateral Agent.
Collateral Agent Fee. The Company will pay the Collateral Agent a fee of $7,500 out of the funds held pursuant to the Escrow Agreement.
Collateral Agent Fee. The Borrower agrees to pay to the Agent, for the account of the Collateral Agent, (i) a setup fee on the Effective Date in the amount of $7,500, and (ii) on the Effective Date and annually thereafter on each Interest Payment Date occurring on or about September 30th of each year (beginning September 30, 2006), a collateral agency fee in an amount equal to $42,500 per annum for so long as the Loan shall remain outstanding.
Collateral Agent Fee. Borrowers shall pay to Collateral Agent for its benefit a monthly fee in an amount equal to $4,000 per month for each month (or portion thereof) that this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be fully earned as of and payable in advance on the first day of each month.
Collateral Agent Fee. The U.S. Borrower shall pay to the Collateral Agent (for its own account) the Collateral Agent fee in the amount and at the times agreed in a Fee Letter.
Collateral Agent Fee. The Borrower will not increase the amount of compensation payable to the Collateral Agent (including in its capacity as Agent), the Collateral Trustee, the Securities Intermediary and the Depositary Bank without the prior written consent of the Controlling Class (which consent shall not be unreasonably withheld).
Collateral Agent Fee. The Borrower agrees to pay to the Agent, for the account of the Collateral Agent, on the Closing Date a fee in an amount equal to [ . . . * * * . . . ], and immediately thereafter and on each anniversary thereof a fee in an amount equal to [ . . . * * * . . . ] per annum for so long as the Loan shall remain outstanding.