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Common use of Collateral Handling Fee Clause in Contracts

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.

Appears in 3 contracts

Samples: Accounts Receivable Financing Agreement (Greenfield Online Inc), Accounts Receivable Financing Agreement (Greenfield Online Inc), Accounts Receivable Financing Agreement (Greenfield Online Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, ." and inserting in lieu thereof the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.following:

Appears in 2 contracts

Samples: Loan Modification Agreement (Mercator Software Inc), Loan Modification Agreement (Mercator Software Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375.25% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50.50% effective immediately before the Event of Default.

Appears in 2 contracts

Samples: Accounts Receivable Financing Agreement (Syntellect Inc), Accounts Receivable Financing Agreement (Avistar Communications Corp)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period; provided, however, such collateral handling fee shall be reduced to 0.25% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period after the occurrence of the Funding Event." 8. After an Event of Default, The Loan Agreement shall be amended by deleting the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.following section appearing as Section 4.3

Appears in 2 contracts

Samples: Loan Modification Agreement (Mercator Software Inc), Loan Modification Agreement (Mercator Software Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.50% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.

Appears in 2 contracts

Samples: Accounts Receivable Financing Agreement (Interwave Communications International LTD), Accounts Receivable Financing Agreement (Tegal Corp /De/)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.10% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.500.25% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Egenera, Inc.)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375% one half percent (.50%) per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation PeriodPeriod (the "Collateral Handling Fee"). After an Event of Default, the Collateral Handling Fee will increase an additional 0.50.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (E Sync Networks Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375.25% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. Effective June 1, 2000 and thereafter, the Collateral Handling Fee shall be .375%. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (I Many Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.25% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.500.25% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Navisite Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375.50% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Aml Communications Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375.35% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Insignia Solutions PLC)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375% one half of one percent (.50%) per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% one half of one percent (.50%) effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Micro Component Technology Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.25% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Proxim Corp)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375.375% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50to .875% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Giga Information Group Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.25% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After During the continuance of an Event of Default, the Collateral Handling Fee will increase an additional 0.500.375% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Exchange Applications Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank Lender a collateral handling fee, equal to 0.375% one half of one percent (0.50%) per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% one half of one percent (.50%) effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Visual Networks Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.375% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Mercator Software Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.20% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.500.30% effective immediately before the Event of Default." and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Loan Modification Agreement (Internet Commerce Corp)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.40% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Satcon Technology Corp)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, fee each Reconciliation Date equal to 0.375.375% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Micrografx Inc)

Collateral Handling Fee. On each Reconciliation Day, Borrower will pay to Bank a collateral handling fee, equal to 0.3750.20% per month of the average daily Financed Receivable Balance outstanding during the applicable Reconciliation Period. After an Event of Default, the Collateral Handling Fee will increase an additional 0.500.30% effective immediately before the Event of Default.

Appears in 1 contract

Samples: Accounts Receivable Financing Agreement (Internet Commerce Corp)