Monthly Administration Fee. A monthly fee, for the sole benefit of Agent, equal to $2,500 from the Closing Date through March 2019 and thereafter $4,000 (the “Monthly Administration Fee”) for each month, or part thereof prior to the Termination Date. The Monthly Administration Fee shall payable on the Closing Date and monthly in advance on the first day of each month following the Closing Date.
Appears in 4 contracts
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)
Monthly Administration Fee. A monthly fee, for the sole benefit of Agent, equal to $2,500 from the Closing Date through March 2019 and thereafter $4,000 3,000 (the “"Monthly Administration Fee”") for each month, or part thereof prior to the Termination Date. The Monthly Administration Fee shall payable on the Closing Date and monthly in advance due and on the first day of each month following the Closing Date.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)
Monthly Administration Fee. A monthly fee, for the sole benefit of Agent, equal to $2,500 from the Closing Date through March 2019 and thereafter $4,000 (the “"Monthly Administration Fee”") for each month, or part thereof prior to the Termination Maturity Date. The Monthly Administration Fee shall fully earned, due and payable monthly in advance on the Closing Date and monthly in advance on the first day of each month following the Closing Date.
Appears in 1 contract
Monthly Administration Fee. A monthly fee, for the sole benefit of Agent, equal to $2,500 from the Closing Date through March 2019 and thereafter $4,000 3,000 (the “"Monthly Administration Fee”") for each month, or part thereof prior to the Termination Date. The Monthly Administration Fee shall be fully earned and due and payable on the Closing Date and monthly in advance on the first day of each month following the Closing Date and prorated as of the Closing Date.
Appears in 1 contract
Monthly Administration Fee. A monthly fee, for the sole benefit of Agent, equal to $2,500 from the Closing Date through March 2019 and thereafter $4,000 5,000 (the “"Monthly Administration Fee”") for each month, or part thereof prior to the Termination Date. The Monthly Administration Fee shall be fully earned and due and payable on the Closing Date and monthly in advance on the first day of each month following the Closing Date and prorated as of the Closing Date.
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