Common use of Collateral Monitoring Fee Clause in Contracts

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 3 contracts

Samples: Security Agreement (Integrated Biopharma Inc), Revolving Credit and Security Agreement (Zanett Inc), Security Agreement (Merisel Inc /De/)

AutoNDA by SimpleDocs

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 600 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 2 contracts

Samples: Security Agreement (Batteries Batteries Inc), Health Chem Corp

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoring, monitoring plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 2 contracts

Samples: Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 1,500 per day month. In addition, the Borrower shall pay to Agent, for each person employed to perform field examinations, collateral analysis and/or other business analysis, an amount equal to $600 per day for each person performing such monitoringexaminations or analysis, plus all costs and disbursements incurred by Agent in the performance of such examination examinations or analysis.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Warner Chilcott PLC)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 700 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Terrace Holdings Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoring, monitoring plus all customary costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Intcomex, Inc.)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or of other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to seven hundred and fifty dollars ($850 750) per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Subordination Agreement (Obsidian Enterprises Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Revolving Credit (Teamstaff Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examinationmonitoring, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform performing such monitoringexamination or analysis, plus all costs and disbursements actually incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Bentley Systems Inc)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 750.00 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Ashlin Development Corp)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Hybrook Resources Corp.)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to Eight Hundred Fifty Dollars ($850 850.00) per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Dri Corp)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 1,000 per day for each person employed to perform such monitoring, such amount not to exceed $15,000 per examination or analysis, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Biopharma Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 675 per day for each person employed to perform such monitoringperson, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Hirsch International Corp)

Collateral Monitoring Fee. Borrowers Subject to Section 3.6, Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - (namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - benefit) a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoringthe amounts and at the times set forth in the Fee Letter, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Loan and Security Agreement (Vision-Ease Lens CORP)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 per day for each person employed to perform such monitoring, monitoring plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Dreams Inc)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent (for the sole benefit of Agent) on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform performing such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Credit and Security Agreement (Radnor Holdings Corp)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 850.00 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Credit and Security Agreement (Air Industries Group, Inc.)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - at any time in Agent's sole discretion; it being acknowledged that prior to the occurrence of a collateral monitoring fee in Default or an amount equal to $850 Event of Default, Agent shall not perform field examinations more frequently than two (2) times per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysisannum.

Appears in 1 contract

Samples: Loan and Security Agreement (Stanadyne Automotive Corp)

AutoNDA by SimpleDocs

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 850.00 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Hudson Technologies Inc /Ny)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to of at least $850 750.00 per day (subject to change from time to time based on market rates) for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Geokinetics Inc)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent (for ------------------------- the sole benefit of Agent) on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform performing such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Radnor Holdings Corp)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Small World Kids Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - monitoring-namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - benefit-a collateral monitoring fee in an amount equal to $850 1,000 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Revolving Creditandsecurity Agreement (TCP International Holdings Ltd.)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - monitoring—namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - benefit—a collateral monitoring fee in an amount equal to $850 750 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Phosphate Holdings, Inc.)

Collateral Monitoring Fee. Borrowers shall pay to Agent and/or any Lender on the first day of each month following any month in which Agent and/or such Lender performs any collateral monitoring - namely any field examinationfunction, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee fees in an amount equal to $850 600.00 per day for each person employed to perform such monitoring, monitoring plus all reasonable out-of-pocket costs and disbursements incurred by Agent and/or such Lender in the performance of such examination or analysismonitoring; provided, however, monitoring fees shall only be paid to a Lender which performs such monitoring function jointly with Agent.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the -------------------------- first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to Seven Hundred Fifty Dollars ($850 750.00) per day for each person employed to perform performing such monitoring, plus all reasonable costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 600 per day for each person (other than Agent’s management personnel) employed to perform such monitoring and in an amount equal to $600 per day for each manager of Agent performing such monitoring, plus all reasonable costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Eos International Inc)

Collateral Monitoring Fee. Borrowers Borrower shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent in the good faith exercise of its business judgment and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 600 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to Agent’s then applicable rate (which rate as of the Closing Date is $850 per day day) for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Image Entertainment Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s 's benefit - a collateral monitoring fee in an amount equal to $850 750 per day for each person (including Agent's management personnel) employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Credit and Security Agreement (Vista Information Solutions Inc)

Collateral Monitoring Fee. Borrowers shall pay to Agent on the first day of each month following any month in which Agent performs any collateral monitoring - namely any field examination, collateral analysis or other business analysis, the need for which is to be determined by Agent and which monitoring is undertaken by Agent or for Agent’s benefit - a collateral monitoring fee in an amount equal to $850 850.00 per day for each person employed to perform such monitoring, plus all costs and disbursements incurred by Agent in the performance of such examination or analysis.

Appears in 1 contract

Samples: Security Agreement (Osteotech Inc)

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