Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 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.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Richton International Corp), Revolving Credit, Term Loan and Security Agreement (Richton International Corp)
Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 2,000 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 management 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.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Hutchinson Technology Inc), Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)
Collateral Management Fee. Borrowers Borrower shall pay to Agent monthly, for its own account, a collateral management fee in an amount equal to two thousand dollars $8,333 for each month ($2,000or part thereof) per month commencing while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be fully earned as of and payable in advance on the first day of the month following the Closing Date date hereof 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 reasonhereafter.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Salant Corp)
Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 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 management 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.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Semx Corp)
Collateral Management Fee. Borrowers Borrower shall pay Agent a monthly collateral management fee (the “Collateral Management Fee”) equal to two thousand dollars ($2,000) 0.042% per month commencing on the first day of the month following daily average amount of the Closing Date and balances under the Revolving Facility outstanding during the preceding month. The Collateral Management Fee shall be payable monthly in arrears on the first day of each successive calendar 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(starting with August 1, 2009).
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (America Service Group Inc /De)
Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 1,000 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 management 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.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Pc Service Source Inc)
Collateral Management Fee. Borrowers shall Borrower is to pay Agent a collateral management Collateral Management fee equal to two thousand dollars ($2,000) 750.00 per month commencing on the first day of the month following the Closing Date date of this Agreement and on the first day of each month thereafter during the Termterm of this Agreement. The collateral evaluation Collateral Management fee shall be is deemed earned in full on the date when same is due and payable hereunder and shall is not be subject to rebate or proration pro ration upon termination of this Agreement for any reason.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Spar Group Inc)
Collateral Management Fee. Borrowers shall pay to Agent monthly, for its own account, a collateral management fee in an amount equal to two thousand dollars $8,333 for each month ($2,000or part thereof) per month commencing while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be fully earned as of and payable in advance on the first day of the month following the Closing Date date hereof 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 reasonhereafter.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Salant Corp)
Collateral Management Fee. Borrowers Borrower shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 1,250 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 Termterm. The collateral evaluation management 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.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (P&f Industries Inc)
Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 2,000 per calendar month commencing on the first day of the calendar month following the Closing Date and on the first day of each calendar 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.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (NYTEX Energy Holdings, Inc.)
Collateral Management Fee. From and following the Closing Date, Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) per month commencing on the first day of the month following the Closing Date and on the first day of each month thereafter during month, for its own account and not for the Termbenefit of any other Lenders, a fee in an amount equal to $2,000. The collateral evaluation management fee shall be deemed fully earned in full on the date when same is due and payable hereunder and and, once paid, shall not be subject to rebate or proration upon termination of this Agreement for any reasonnon-refundable.
Appears in 1 contract
Samples: Credit and Security Agreement (Williams Industrial Services Group Inc.)
Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 18,000 per year, which shall be paid in 12 equal monthly installments of $1,500 each, payable on the first day of each month commencing on with the first day of the month following the Closing Date and on the first day of each month thereafter during the TermDate. The collateral evaluation management fee with respect to any 12-month period commencing on the Closing Date or an anniversary thereof shall be deemed earned in full on the date when same is due and payable hereunder first day of such period and shall not be subject to rebate or proration upon termination of this Agreement for any reason.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Zanett Inc)
Collateral Management Fee. Borrowers shall pay Agent a collateral management fee equal to two thousand dollars ($2,000) 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 management 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.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Teamstaff Inc)