Collateral Monitoring Fees. The Borrowers jointly and severally agree to pay the Lender a monthly collateral monitoring fee of $500 per month. Such fee shall be payable and charged to the Borrowers’ accounts on the first day of each month with respect to the prior month.
Appears in 2 contracts
Samples: Credit and Security Agreement (Colony Bankcorp Inc), Credit and Security Agreement (Colonial Commercial Corp)
Collateral Monitoring Fees. The Borrowers jointly and severally agree Borrower agrees to pay to the Lender a monthly collateral Collateral monitoring fee of $500 per month. Such 400, which Collateral monitoring fee shall be due and payable and charged to the Borrowers’ accounts monthly in advance on the first day of each month with respect to and on the prior monthTermination Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Tradestar Services, Inc.)
