Common use of Collateral Monitoring Fee Clause in Contracts

Collateral Monitoring Fee. Monthly, commencing on the first day of the first calendar month following the Closing Date, and continuing on the same day of each succeeding calendar month until this Agreement is terminated, Borrowers shall pay to Lender a fully earned, nonrefundable collateral monitoring fee equal in amount to One Thousand Five Hundred Dollars ($1,500) per month.

Appears in 3 contracts

Samples: Credit and Security Agreement (Memry Corp), Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp)

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Collateral Monitoring Fee. Monthly, Borrowers shall pay Agent a collateral monitoring fee equal to $1,500 per month commencing on the first day of the first calendar month following the Closing Date, Date and continuing on the same first day of each succeeding calendar month until this Agreement is terminated, Borrowers shall pay to Lender a fully earned, nonrefundable thereafter during the Term. The collateral monitoring fee equal shall be deemed earned in amount full on the date when same is due and payable hereunder and shall not be subject to One Thousand Five Hundred Dollars ($1,500) per monthrebate or proration upon termination of this Agreement for any reason.

Appears in 2 contracts

Samples: Credit and Security Agreement (Akrion, Inc.), Credit and Security Agreement (Akrion, Inc.)

Collateral Monitoring Fee. Monthly, The Borrowers shall pay to the Lender a collateral monitoring fee equal to One Thousand Dollars ($1,000.00) per calendar month commencing on the first day of the first calendar month following the Closing Date, Date and continuing on the same first day of each succeeding calendar month until this Agreement is terminated, Borrowers shall pay to Lender a fully earned, nonrefundable thereafter during the Term. The collateral monitoring fee equal shall be deemed earned in amount full on the date when same is due and payable hereunder and shall not be subject to One Thousand Five Hundred Dollars ($1,500) per monthrebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: And (Blonder Tongue Laboratories Inc)

Collateral Monitoring Fee. Monthly, commencing on On the first day of the first calendar month following the Closing Date, and continuing on the same day of each succeeding calendar month until this Agreement is terminatedmonth, Borrowers shall pay to Lender a fully earned, nonrefundable collateral monitoring fee (the “Collateral Monitoring Fee”) for the immediately preceding month in an amount equal in amount to One Thousand Two Thousand, Five Hundred Dollars ($1,5002,500) per monthDollars. The Collateral Monitoring Fee shall be fully earned when due and shall not be subject to refund, rebate or proration for any reason whatsoever.

Appears in 1 contract

Samples: Parlux Fragrances Inc

Collateral Monitoring Fee. Monthly, Borrowers shall pay Lender a collateral monitoring fee equal to $5,000.00 per month commencing on the first day of the first calendar month following the Closing Date, Date and continuing on the same first day of each succeeding calendar month until this Agreement is terminated, Borrowers shall pay to Lender a fully earned, nonrefundable thereafter during the Term. The collateral monitoring fee equal shall be deemed earned in amount full on the date when same is due and payable hereunder and shall not be subject to One Thousand Five Hundred Dollars ($1,500) per monthrebate or proration upon termination of this Agreement for any reason.

Appears in 1 contract

Samples: Security Agreement (Cold Metal Products Inc)

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Collateral Monitoring Fee. Monthly, commencing The Borrowers shall pay to the Lender a Collateral Monitoring Fee in the amount of $1,500.00 per month on the first day of the first calendar month following the Closing Date, and continuing on the same day of each succeeding calendar month until this Agreement is terminatedall Liabilities have been irrevocably paid in full; provided, Borrowers however, that the Collateral Monitoring Fee for a particular month shall pay to Lender a fully earned, nonrefundable collateral monitoring fee equal be waived in the event that the sum of (i) Excess Availability plus (ii) the then existing amount to One Thousand Five Hundred Dollars (of Qualified Cash and Cash Equivalents exceeds $1,500) per 10,000,000.00 at all times during the preceding calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (dELiAs, Inc.)

Collateral Monitoring Fee. Monthly, commencing Commencing on the first day of the first calendar month immediately following the Closing Date, Date and continuing on the same first day of each succeeding calendar month until this Agreement is terminatedthereafter, Borrowers shall pay to Lender monthly in arrears, a fully earned, nonrefundable collateral monitoring fee in an amount equal in amount to One Thousand Five Hundred Dollars $5,000 per month ($1,500) per monththe "Collateral Monitoring Fee"). The Collateral Monitoring Fee shall be fully earned monthly when due and shall not be subject to refund, rebate or proration for any reason whatsoever.

Appears in 1 contract

Samples: Security Agreement (Parlux Fragrances Inc)

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