Common use of Collection Fee Clause in Contracts

Collection Fee. During the period from and including the Effective Date to and including the Termination Date, the Borrowers will pay to the Agent for its own account on the first day of each month an amount of interest computed at the Effective Interest Rate applicable to Prime Rate Revolving Credit Loans on each remittance received by the Agent against Receivables (as contemplated by SECTION 8.1 hereof) during the preceding month, from the close of business on the date of receipt of each such remittance until the close of business on the second Business Day following the receipt of the remittance, as compensation for delays in the collection and clearance of checks and other remittances.

Collection Fee. During the period from and including the Effective Date to and including the Termination Date, the Borrowers will pay to the Agent for its own account on the first day of each month an amount of interest computed at the Effective Interest Rate applicable to Prime Rate Revolving Credit Loans on each remittance received by the Agent against Receivables (as contemplated by SECTION 8.1 9.1 hereof) during the preceding month, from the close of business on the date of receipt of each such remittance until the close of business on the second first Business Day following the receipt of the remittance, as compensation for delays in the collection and clearance of checks and other remittances.

Collection Fee. During the period from and including the Effective Date to and including the Termination Date, the Borrowers will pay to the Agent for its own account on the first day of each month an amount of interest computed at the Effective Interest Rate applicable to Prime Rate Revolving Credit Loans on each remittance received by the Agent against Receivables (as contemplated by SECTION Section 8.1 hereof) during the preceding month, from the close of business on the date of receipt of each such remittance until the close of business on the second Business Day following the receipt of the remittance, as compensation for delays in the collection and clearance of checks and other remittances.

Collection Fee. During the period from and including the Effective Date to and including the Termination Date, the Borrowers Borrower will pay to the Agent for its own account on the first day of each month an amount of interest computed at the Effective Interest Rate applicable to Prime Rate Revolving Credit Loans Advances on each remittance received by the Agent against Receivables (as contemplated by SECTION 8.1 hereof) during the preceding month, from the close of business on the date of receipt of each such remittance until the close of business on the second first Business Day following the receipt of the remittance, as compensation for delays in the collection and clearance of checks and other remittances.