Common use of Collateral Agent Fee Clause in Contracts

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. The Borrower agrees to pay to the Agent, 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.