Common use of Collateral Management Fees Clause in Contracts

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." c. Amendment to Section 2.4(B)(1). Section 2.4(B)(1) is hereby deleted in its entirety and replaced with the following:

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." c. Amendment to Section 2.4(B)(1). Section 2.4(B)(1) is hereby deleted in its entirety and replaced with the following:

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." c. Amendment to Section 2.4(B)(1). Section 2.4(B)(1) is hereby deleted in its entirety and replaced with the following: