Collection Charges. If items of payment are received by Lender at a time when there are no Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loans, which collection charges shall be payable on the first Business Day of each month.
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Samples: Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Eagle Supply Group Inc)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loansany and all out-of-pocket costs incurred by Lender, which collection charges shall be payable on the first Business Day of each month.
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Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate LoansAdvances, which collection charges shall be payable on the first Business Day of each month.
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Samples: Loan and Security Agreement (Financial Performance Corp), Loan and Security Agreement (Emtec Inc/Nj)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two one (21) daysBusiness Days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loans, which collection charges shall be payable on the first Business Day day of each month.
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Samples: Loan and Security Agreement (Meade Instruments Corp)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) days' Business Days interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loans, which collection charges shall be payable on the first Business Day of each month.
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Samples: Loan and Security Agreement (First Aviation Services Inc)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) one days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loans, which collection charges shall be payable by Borrowers to Lender on the first Business Day of each month.
Appears in 1 contract
Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) daysBusiness Days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loans, which collection charges shall be payable on the first Business Day of each month.
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Collection Charges. If All items of payment are received by Lender at a any time when (irrespectivx xx whether there are no Revolving Credit Loans outstanding, such items outstanding at the time of payment receipt) shall be subject to a collection charge equal to two (2) days' Business Days interest on the amount thereof at the rate then applicable to the Revolving Credit Base Rate Loans, which collection charges shall be payable monthly in arrears on the first Business Day of each month.
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Samples: Equipment Loan Note (Pure World Inc)
Collection Charges. If items of payment are received by Lender at a time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) one days' interest on the amount thereof at the rate then applicable to Revolving Credit Base Rate Loans, which collection charges shall be payable by Borrower to Lender on the first Business Day of each month.
Appears in 1 contract
Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)
Collection Charges. If All items of payment are received by Lender at a any time when (irrespective of whether there are no Revolving Credit Loans outstanding, such items outstanding at the time of payment receipt) shall be subject to a collection charge equal to two one and one-half (21-1/2) days' Business Days interest on the amount thereof at the rate then applicable to Base Rate Advances under Revolving Credit Base Rate Loans, which collection charges shall be payable monthly in arrears on the first Business Day of each month.
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Collection Charges. If items of payment are received by Lender at a ------------------ time when there are no Revolving Credit Loans outstanding, such items of payment shall be subject to a collection charge equal to two (2) days' interest on the amount thereof at the rate then applicable to the Revolving Credit Base Rate LoansLoan, which collection charges shall be payable on the first Business Day of each month.
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