Guaranty Fee. The Borrower shall pay the Lender a monthly fee equal to ten percent (10%) of the monthly payment amount guaranteed pursuant to the Lender Guaranties then outstanding and ten percent (10%) of the monthly payments of any kind made by the Lender under the leases entered into by the Lender on behalf of the Borrower identified on Item 2.9 of the Disclosure Schedule (collectively, the “Guaranty Fee”). The Borrower shall pay the Guaranty Fee quarterly in arrears on the last day of each Fiscal Quarter. If the Borrower fails to pay any Guaranty Fee when due, then the amount unpaid shall be deemed to be made, without further notice to the Borrower, as a Revolving Loan.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Surebeam Corp), Senior Secured Credit Agreement (Surebeam Corp), Senior Secured Credit Agreement (Titan Corp)
