Common use of Forbearance Fee Clause in Contracts

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Forbearance Amendment and Sixteenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

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Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 2,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Fifth Forbearance Amendment and Sixteenth Nineteenth Amendment Effective Date, ; (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, ; and (iii) paid to the Lender in good and collected funds upon the execution of this Agreement.

Appears in 1 contract

Samples: Forbearance Agreement (Revolution Lighting Technologies, Inc.)

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 2,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Fourth Forbearance Amendment and Sixteenth Eighteenth Amendment Effective Date, ; (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, ; and (iii) paid to the Lender in good and collected funds upon the execution of this Agreement.

Appears in 1 contract

Samples: Forbearance Agreement (Revolution Lighting Technologies, Inc.)

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 50,000.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Forbearance Amendment and Sixteenth Fourteenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 0.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Sixth Forbearance Amendment and Sixteenth Twenty-First Amendment Effective Date, ; (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, ; and (iii) paid to the Lender in good and collected funds upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 20,000.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Seventh Forbearance Amendment and Sixteenth Twenty-Third Amendment Effective Date, ; (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, ; and (iii) paid to the Lender in good and collected funds upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

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Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Forbearance Amendment and Sixteenth Fifteenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 25,000.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Third Forbearance Amendment and Sixteenth Seventeenth Amendment Effective Date, (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, and (iii) paid to the Lender in good and collected funds upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

Forbearance Fee. In consideration of the Lender’s agreements set forth herein, Obligors agree to pay the Lender a non-refundable forbearance fee in the amount of $12,500.00 7,500.00 (the “Forbearance Amendment Fee”). The Forbearance Amendment Fee shall be: (i) fully earned by the Lender as of the Second Eighth Forbearance Amendment and Sixteenth Twenty-Fourth Amendment Effective Date, ; (ii) retained by the Lender as a fee under all circumstances and shall not be applied in reduction of any other of the Obligations, ; and (iii) paid to the Lender in good and collected funds upon the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

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