Common use of Loan Servicing Fee Clause in Contracts

Loan Servicing Fee. From and after the Effective Date and until the Termination Date, the Administrative Borrower on behalf of the Borrowers shall pay to the Administrative Agent for the account of the Agents, a non-refundable loan servicing fee (the "Loan Servicing Fee") equal to $5,000 each month, which shall be deemed fully earned when paid and which shall be payable on the Effective Date and monthly in advance thereafter on the last Business Day of each calendar month commencing on December 31, 2018.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement (Hc2 Holdings, Inc.)

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Loan Servicing Fee. From and after the Effective Date and until the Termination Datedate on which all Obligations are paid in full in cash and all Commitments have been terminated, the Administrative Borrower on behalf of the Borrowers shall pay to the Administrative Agent for the account of the Agents, a non-refundable loan servicing fee (the "Loan Servicing Fee") equal to $5,000 2,000 each monthmonth (or portion thereof), which shall be deemed fully earned when paid and which shall be payable on the Effective Date and monthly in advance thereafter on the last Business Day first day of each calendar month after the Effective Date, commencing on December 31April 1, 20182004.

Appears in 1 contract

Samples: Financing Agreement (Mattress Holding Corp.)

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Loan Servicing Fee. From and after the Effective Date and until the Termination Datedate on which all Obligations are paid in full, the Administrative Borrower on behalf of the Borrowers shall pay to the Administrative Agent for the account of the Agents, Agents a non-refundable loan servicing fee (the "Loan Servicing Fee") equal to $5,000 15,000 each month, which shall be deemed fully earned when paid and which shall be payable on the Effective Date (payable ratably based on the number of days remaining in the month in which the Effective Date occurs) and monthly in advance thereafter on the last Business Day first day of each calendar month commencing on December 31April 1, 20182003.

Appears in 1 contract

Samples: Financing Agreement (Xcel Pharmaceuticals Inc)

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