Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon the receipt by IBM Credit from Customer of (i) this Amendment executed by Customer, and (ii) a waiver fee, in immediately available funds, equal to One Hundred and Seventy - Five Thousand Dollars ($175,000.00) on or prior to July 26, 2001. Such waiver fee payable to IBM Credit hereunder shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customer.
Appears in 2 contracts
Samples: Financing Agreement (Datatec Systems Inc), Financing Agreement (Datatec Systems Inc)
Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon the receipt by IBM Credit from Customer Customers of (i) this Amendment executed by Customereach Customer and each Lender, and (ii) a waiver fee, in immediately available funds, equal to One Three Hundred and Seventy - Five Thousand Dollars ($175,000.00) on or prior to July 26, 2001375,000). Such waiver fee payable to IBM Credit hereunder shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge CustomerCustomers.
Appears in 1 contract
Samples: Term and Revolving Credit Agreement (Applied Digital Solutions Inc)
Conditions to Effectiveness of Waiver. The waiver set forth in Section 3 hereof shall become effective upon the receipt by IBM Credit from Customer of (i) this Amendment executed by Customer, and (ii) a waiver fee, in immediately available funds, equal to One Hundred and Seventy - Five Fifteen Thousand Dollars ($175,000.0015,000.00) on or prior to July 26November 15, 20012000. Such waiver fee payable to IBM Credit hereunder shall be nonrefundable and shall be in addition to any other fees IBM Credit may charge Customer.
Appears in 1 contract
Samples: Financing Agreement (Emtec Inc/Nj)
