Common use of Loan Servicing Fee Clause in Contracts

Loan Servicing Fee. Borrowers shall pay to Agent, for its own account, a monthly loan servicing fee in an amount equal to One Thousand Five Hundred Dollars ($1,500), plus out-of-pocket costs and expenses, in respect of Agent's services while this Agreement remains in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on a monthly basis, in advance, on the first day of each month.

Appears in 1 contract

Sources: Loan and Security Agreement (Pc Mall Inc)

Loan Servicing Fee. Borrowers shall pay to For the sole and separate account of Agent, for its own accounton the first day of each month during the term of this Agreement, and thereafter so long as any Obligations are outstanding, a monthly loan servicing fee in an amount equal to One Thousand Five Hundred Dollars ($1,500), plus out-of-pocket costs and expenses, in respect of Agent's services while this Agreement remains in effect and for so long thereafter as any of the Obligations are outstanding10,000 per month, which fee amount shall be fully earned and nonrefundable and be payable on a monthly basis, in advance, arrears on the first day of each month.

Appears in 1 contract

Sources: Loan and Security Agreement (Petsec Energy Inc)

Loan Servicing Fee. Borrowers shall pay to For the sole and separate account of Agent, for its own accounton the first day of each month during the term of this Agreement, a monthly loan servicing fee in an amount equal to One Thousand Five Hundred Dollars ($1,500), plus out-of-pocket costs and expenses, in respect of Agent's services while this Agreement remains in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on a monthly basis, in advance, on the first day of each 3,000 per month.

Appears in 1 contract

Sources: Loan and Security Agreement (Aureal Semiconductor Inc)

Loan Servicing Fee. Borrowers shall pay to For the sole and separate account of Agent, for its own accounton the first day of each month during the term of this Agreement, a monthly loan servicing fee in an amount equal to One Thousand Five Hundred Dollars ($1,500), plus out-of-pocket costs and expenses, in respect of Agent's services while this Agreement remains in effect and for so long thereafter as any of the Obligations are outstanding5,000 per month, which fee amount shall be fully earned and nonrefundable, and be payable on a monthly basis, in advance, arrears on the first day of each month.

Appears in 1 contract

Sources: Loan and Security Agreement (Southwest Royalties Holdings Inc)

Loan Servicing Fee. Borrowers shall pay to For the sole and separate account of Agent, for its own accounton the first day of each month during the term of this Agreement, and thereafter so long as any Obligations are outstanding, a monthly loan servicing fee in an amount equal to One Thousand Five Hundred Dollars ($1,500), plus out-of-pocket costs and expenses, in respect of Agent's services while this Agreement remains in effect and for so long thereafter as any of the Obligations are outstanding5,000 per month, which fee amount shall be fully earned and nonrefundable, and be payable on a monthly basis, in advance, arrears on the first day of each month.

Appears in 1 contract

Sources: Loan and Security Agreement (Ram Energy Inc/Ok)