Collateral Management Payment Sample Clauses

Collateral Management Payment. For underwriting, processing and supervising the Company's Accounts, the Company shall pay a monthly collateral management payment of 0.65% of all Accounts created during each month to the extent that at the time such Account is created it is an Eligible Account and for which there are outstanding Revolving Credit Advances against such Account or against which a Revolving Credit Advance is made during such month. ("Collateral Accounts"). This payment shall be payable monthly in arrears by a charge by Laurus to the Company's account, and shall be paid as follows: (A) 0.50% of Collateral Accounts to Laurus, and (B) 0.15% of Collateral Accounts to Laurus Capital Management, LLC.
Sample 1
AutoNDA by SimpleDocs
Collateral Management Payment. For underwriting, processing and supervising the Company's Accounts, the Company shall make a monthly payment of 0.50% of all Accounts created during each month to the extent that at the time such Account is created it is an Eligible Account and for which there are outstanding Revolving Credit Advances against such Account or against which a Revolving Credit Advance is made during such month ("Collateral Accounts"). This payment shall be payable monthly in arrears by a charge by Laurus to the Company's account.
Sample 1
Collateral Management Payment. For underwriting, processing and supervising Company’s Accounts, Company shall pay Laurus a monthly collateral management payment in an amount equal to 0.35% of the average outstanding Loans during the immediately preceding month. Such payment shall be payable on the first day of each month in arrears by a charge by Laurus to Company’s account. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Sample 1
Collateral Management Payment. For underwriting, processing and supervising the Company's Accounts, the Company shall pay Laurus a monthly collateral management payment equal to fifty-five one hundredths of one percent (0.55%) of the average of the aggregate outstanding Revolving Credit Advances during such month, such fee being determined on the last Business Day of each such 40862587calendar month40862587rsslansky40862587 Pxx - On what balance? The balance on the last day of the month? The average balance for the month?. This payment shall be payable monthly by a charge by Laurus to the Company's account.
Sample 1
Collateral Management Payment. For underwriting, processing and supervising the Company's Accounts, the Company shall pay to Laurus a monthly amount equal to 0.7% (the "Specified Percentage") of the aggregate amount of all Eligible Accounts created during such month in excess of the Pledged Amount and against which Revolving Credit Advances have been made during such month. Notwithstanding the foregoing, in the event the Effective Advance Rate during any month is less than 90% (based on the Company's voluntary requests for Revolving Credit Advances during such month and without giving effect to Laurus' right to modify the advance percentage used in determining Accounts Availability in accordance with the terms of this Agreement), then the Specified Percentage shall be reduced for such month in accordance with the following grid: -------------------------------------------------------------------------------- Reduced Effective Advance Rate Specified Percentage -------------------------------------------------------------------------------- .65% 80% to 89.99% -------------------------------------------------------------------------------- .60 70% to 79.99% -------------------------------------------------------------------------------- .55 60% to 69.99% -------------------------------------------------------------------------------- .50 50% to 59.99% -------------------------------------------------------------------------------- .45 40% to 49.99% -------------------------------------------------------------------------------- .40 30% to 39.99% -------------------------------------------------------------------------------- .35 20% to 29.99% -------------------------------------------------------------------------------- .30 10% or less --------------------------------------------------------------------------------
Sample 1

Related to Collateral Management Payment

  • Collateral Management Fee Borrower shall pay Lender as additional interest a monthly collateral management fee (the "COLLATERAL MANAGEMENT FEE") equal to 0.083% of the daily average amount of the 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 (starting with the month in which the Closing Date occurs).

  • Asset Management Fees (i) Except as provided in Section 8.03(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine.

  • Asset Management Fee The fee payable to the Advisor for day-to-day professional management services in connection with the Company and its investments in Assets pursuant to Section 3.01(a) of this Agreement.

  • Investment Management Fee For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month. If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii). If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers and reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered. To the extent that waivers and reimbursements by the Advisor required by such limitations are in excess of the Advisor's management fee, the Investment Management Fee paid to the Sub-Advisor will be reduced to zero for that month, but in no event shall the Sub-Advisor be required to reimburse the Advisor for all or a portion of such excess reimbursements.

  • Collateral Monitoring Fee So long as any Advances or Letters of Credit are outstanding during any month or portion thereof, a monthly collateral monitoring fee of $1,500, payable in arrears on the last day of such month (prorated for any partial month), commencing on the last day of the month during which the Effective Date occurs, and upon termination of this Agreement; and

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • Account Management A. The repayment account opened by the Borrower with the Lender (the account stipulated in Article 5) is a special capital withdrawal account, which is used to collect the corresponding sales revenue or the planned repayment fund. Where the corresponding sales revenue is settled in a non-cash manner, the Borrower shall ensure that it will be promptly transferred into the capital withdrawal account upon receipt.

  • Discretionary Investment Management Services The Adviser shall act as investment adviser with respect to each Fund. In such capacity, the Adviser shall, subject to the supervision of the Board, regularly provide each Fund with investment research, advice and supervision and shall furnish continuously an investment program for each Fund, consistent with the respective investment objectives and policies of each Fund. The Adviser shall determine, from time to time, what securities shall be purchased for each Fund, what securities shall be held or sold by each Fund and what portion of each Fund’s assets shall be held uninvested in cash, subject always to the provisions of the Trust’s Agreement and Declaration of Trust (“Declaration of Trust”), as amended and supplemented (the “Declaration of Trust”), Bylaws and its registration statement on Form N-1A (the “Registration Statement”) under the 1940 Act, and under the Securities Act of 1933, as amended (the “1933 Act”), as filed with the Securities and Exchange Commission (the “Commission”), and with the investment objectives, policies and restrictions of each Fund, as each of the same shall be from time to time in effect. To carry out such obligations, and to the extent not prohibited by any of the foregoing, the Adviser shall exercise full discretion and act for each Fund in the same manner and with the same force and effect as each Fund itself might or could do with respect to purchases, sales or other transactions, as well as with respect to all other such things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions. No reference in this Agreement to the Adviser having full discretionary authority over each Fund’s investments shall in any way limit the right of the Board, in its sole discretion, to establish or revise policies in connection with the management of a Fund’s assets or to otherwise exercise its right to control the overall management of a Fund.

  • Income Collection, Transaction Processing, Account Administration 0.25 of a basis point per annum on the average net assets of the Fund.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!