Collateral Evaluation Fee. Borrowers shall pay Agent a collateral evaluation fee equal to $1,500 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. The collateral evaluation fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.
Collateral Evaluation Fee. Monthly, eommeneing on the first day of the first calendar month following the Closing Date, and continuing on the same day of each succeeding calendar month until this Agreement is tenninated. Borrowers shall pay to Lender a collateral evaluation fee equal in amount to One Thousand Dollars ($1,000.00) per month which shall be fully earned and non-refundable upon payment.
Collateral Evaluation Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral evaluation - namely any field examination, collateral analysis, audit or other business analysis, the need for which is to be determined by Agent and which evaluation is undertaken by Agent or for Agent’s benefit—a collateral evaluation fee in an amount equal to $750 per day for each person employed to perform such evaluation, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.
Collateral Evaluation Fee. Borrower shall pay to Lender on the first day of each month following any month in which Lender performs any collateral evaluation, namely any field audit, collateral analysis or other business analysis, the need for which is to be determined by Lender and which evaluation is undertaken by Lender or for Lender's benefit, a collateral evaluation fee in an amount equal to $5,000 per evaluation so long as no Event of Default has occurred or is then continuing, plus all reasonable costs and disbursements incurred by Lender in connection therewith; provided however, that so long as no Event of Default has occurred and is continuing, Borrower shall not be required to pay for more than three (3) field audits per year. Lender may perform field audits of the Collateral from time to time during normal business hours on reasonable notice as it determines to be necessary, subject to the proviso set forth in the previous sentence.
Collateral Evaluation Fee. Section 3.4(b) of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:
Collateral Evaluation Fee. Borrowers shall pay Agent a collateral evaluation fee equal to $3,000.00 per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during the Term. Fifty percent (50%) of such fee shall be distributed to PNC and fifty percent (50%) of such fee shall be distributed to SVB. The collateral evaluation fee shall be deemed earned in full on the date when same is due and payable hereunder and shall not be subject to rebate or proration upon termination of this Agreement for any reason.
Collateral Evaluation Fee. Section 3.4 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Collateral Evaluation Fee. On the first day of each month during the term of this Agreement, a "Collateral Evaluation Fee" of $1,000 per month, payable solely to Lender.
Collateral Evaluation Fee. (a) Borrowers agree Agent, through its employees and agents including any third party retained by Agent for such purpose, may visit any of its locations and/or conduct certain audits, inspections, valuations and/or receivables audit at all reasonable times and from time to time during normal business hours and, so long as no Event of Default shall have occurred and be continuing, upon reasonable prior notice. Borrowers shall pay to Agent promptly at the conclusion of any collateral evaluation, field analysis, appraisal or other business analysis performed by or for the benefit of Agent, in each case as provided in Sections 4.6 and 4.7 of this Agreement (whether such examination is performed by Agent’s employees or by a third party retained by Agent), a collateral evaluation fee, a per examination receivables audit management fee for new facilities and for recurring examinations, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis, and further provided that if third parties are retained to perform such collateral evaluations then, without duplication, such fees charged by such third parties plus all costs and disbursements incurred by such third party, shall be the responsibility of Borrowers and shall not be subject to the foregoing limits.
(b) All of the fees and out-of-pocket costs and expenses of any appraisals conducted pursuant to Section 4.7 hereof shall be paid for when due, in full and without deduction, off-set or counterclaim by Borrowers.
Collateral Evaluation Fee. The Borrowers shall pay to Lender on the first day of each calendar month following any calendar month in which the Lender performs any collateral evaluation, including any field examination, collateral analysis or other business analysis, the need for which is to be determined by the Lender and which evaluation is undertaken by the Lender or for the Lender's benefit, a collateral evaluation fee in an amount equal to Eight Hundred Fifty Dollars ($850.00) per day for each person performing such evaluation, plus all costs and disbursements incurred by the Lender in the performance of such examination or analysis.
