Common use of Collateral Fee Clause in Contracts

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Cyberonics Inc)

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Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % 2,000. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Alphatec Holdings, Inc.)

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, one percent (1.0%) per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Barrier Therapeutics Inc)

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, fifty one-hundredths percent (0.50%) per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Monogram Biosciences, Inc.)

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, five tenths of one percent (0.50%) per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (NxStage Medical, Inc.)

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, four tenths of one percent (0.40%) per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Dynacq Healthcare Inc)

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Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, 0.50% per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Seracare Life Sciences Inc)

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to (i) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) the following percentage, fifty-four hundredths of one percent (0.54%) per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % annum. Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit Agreement (Valera Pharmaceuticals Inc)

Collateral Fee. From and following the Closing Date, Borrowers shall pay Administrative Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to Two Thousand Dollars (i$2,000.00) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding per month, multiplied by (ii) the following percentage, per annum based on the average outstanding balance of the Loans: Outstandings Balance of Loans Percentage less than $6,000,000 1.0 % $6,000,0000 to $20,000,000 0.5 % greater than $20,000,000 0.25 % . Such fee is to be paid monthly in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Derma Sciences, Inc.)

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