Collateral Management Fees. Borrowers shall pay to Collateral Agent, as additional interest, for its own account, a monthly fee in an amount equal to the average daily principal balance of the Loan (including the Overadvance Facility) during any calendar month multiplied by 0.042%. Such fee shall be payable monthly in arrears on the first day of each month following the Closing Date."
Appears in 2 contracts
Samples: Loan and Security Agreement (Sun Healthcare Group Inc), Loan and Security Agreement (Sun Healthcare Group Inc)
Collateral Management Fees. Borrowers shall pay to Collateral Agent, as additional interest, for its own account, a monthly fee in an amount equal to the average daily principal balance of the Loan (including the Overadvance Facility) during any calendar month multiplied by 0.042%. Such fee shall be payable monthly in arrears on the first day of each month following the Closing Date."
Appears in 1 contract
Samples: Loan and Security Agreement (Sun Healthcare Group Inc)
Collateral Management Fees. Borrowers shall pay to Collateral Agent, as additional interest, for its own account, a monthly fee (the "Collateral Management Fee") in an amount equal to the average daily principal balance of the Loan (including the Overadvance Facility) during any calendar month multiplied by 0.042%. Such fee shall be payable monthly in arrears on the first day of each month following the Closing Date."
Appears in 1 contract
Samples: Loan and Security Agreement (Sun Healthcare Group Inc)
