Common use of Collateral Handling Fee Clause in Contracts

Collateral Handling Fee. At all times that the Adjusted Quick Ratio is less than 1.25 to 1.00, Borrower will pay to Bank a collateral handling fee equal to seven tenths of one percent (0.70%) per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the "Collateral Handling Fee"). This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. At all times that the Adjusted Quick Ratio For any time at which Borrower is less than 1.25 to 1.00not Streamline Facility Eligible, Borrower will pay to Bank a collateral handling fee equal to seven tenths of one percent (0.70%) 0.25% per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the "“Collateral Handling Fee"”). This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. The Except as otherwise provided in Section 2.3.1(b)(i), the Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. At all times that the Adjusted Quick Ratio is less than 1.25 With respect to 1.00Financed Receivables based upon Eligible Accounts, Borrower will pay to Bank a collateral handling fee equal to seven tenths of one percent (0.70%) 0.30% per month of the Financed Receivable Balance for each such Financed Receivable outstanding based upon a 360 day year (the "“Collateral Handling Fee"”). This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. The Except as otherwise provided in Section 2.1.1(j), the Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. At all times that the Adjusted Quick Ratio Net Cash is less than 1.25 to 1.00Two Million Dollars ($2,000,000), Borrower will pay to Bank a collateral handling fee equal to seven tenths fifty-five hundredths of one percent (0.700.55%) per month of the Financed Receivable Balance for each Financed Receivable outstanding based upon a 360 day year (the "“Collateral Handling Fee"”). This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three one (31) Business Days after receipt of the Collections. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

Collateral Handling Fee. At all times that the Adjusted Quick Ratio is less than 1.25 With respect to 1.00Financed Receivables based upon Eligible Accounts, Borrower will pay to Bank a collateral handling fee equal to seven tenths of one percent (0.70%) 0.15% per month of the Financed Receivable Balance for each such Financed Receivable outstanding based upon a 360 day year (the "“Collateral Handling Fee"”). This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance. The Except as otherwise provided in Section 2.1.1(j), the Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof. In computing Collateral Handling Fees under this Agreement, all Collections received by Bank shall be deemed applied by Bank on account of Obligations three (3) Business Days after receipt of the Collections. After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.