Security Agent Fees Clause Samples

The Security Agent Fees clause defines the obligation of the borrower or other relevant parties to pay the fees and expenses incurred by the security agent in the course of performing its duties under the agreement. Typically, this includes both fixed fees and reimbursement for reasonable out-of-pocket costs, such as legal expenses or administrative charges, that the security agent may incur while managing and enforcing the security interests. The core function of this clause is to ensure that the security agent is compensated for its services and is not financially disadvantaged by acting on behalf of the lenders, thereby facilitating the smooth administration of the security arrangements.
Security Agent Fees. (a) The Borrower shall pay to the Security Agent (for its own account) an annual agency fee of thirty thousand Dollars (US$30,000) (the “Security Agent Fee”), which must be paid annually in advance in accordance with paragraph (b) below. (b) The first payment of this Security Agent Fee is payable at Financial Close. Each subsequent payment is payable on each anniversary of the date of this Agreement for as long as any Commitment is in force or amount is outstanding under the Finance Documents.
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Security Agent Fees. The fees and reasonable expenses of the Security Agent shall be shared equally by the Joint Venturers on the one hand and Alya on the other hand. Such fees shall include: (a) for each year, or portion thereof, that the Security Agent holds the Software, an amount of $100.00 payable at the beginning of the year; and (b) any additional amount mutually agreed to by the parties.
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Security Agent Fees. 13.1 The Borrower shall pay to the Security Agent (for its own account) an agency fee in the amount and at the times agreed in the Fee Letter.
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Security Agent Fees. (a) The Borrower shall pay to the Security Agent (for its own account) an annual agency fee of US$65,000 (the “Security Agent Fee”), which must be paid annually in advance in accordance with paragraphs (b) and (c) below. (b) The Security Agent Fee for 2020 shall be payable in full on the Fourth Effective Date. (c) Each subsequent payment of the BPIFAE Agent Fee is payable on each anniversary of the Fourth Effective Date for as long as any Commitment is in force or amount is outstanding under the Finance Documents.
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Security Agent Fees. The Borrower shall pay to the Security Agent (for its own account) the fees set out in the Security Agent fee proposal dated 21 March 2022 (and countersigned by the Borrower on 22 March 2022) in the amount and at the times agreed therein.
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Security Agent Fees. (a) The Borrower shall pay to the Security Agent (for its own account) an annual agency fee of US$50,000 (the “Security Agent Fee”), which must be paid annually in advance in accordance with paragraphs (b) and (c) below. (b) Notwithstanding paragraph (a) above, the Security Agent Fee for: (i) 2013 payable on the First Effective Date shall be an amount equal to US$20,000; and (ii) 2015, payable in accordance with paragraph (c) below, shall be an amount equal to US$100,000. (c) Each subsequent payment is payable on each anniversary of the First Effective Date for as long as any Commitment is in force or amount is outstanding under the Finance Documents.
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Related to Security Agent Fees

  • Administrative Agent Fees The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

  • Agent Fees Borrowers shall pay to Agent, for the account of Agent, as and when due and payable under the terms of the Fee Letter, the fees set forth in the Fee Letter.

  • Administrative Agent Fee The Borrower agrees to pay to the Administrative Agent, for its own account, the fees set forth in the Agency Fee Letter and such other fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

  • Agent Fee Borrower shall pay to Agent, for its sole benefit, the fees set forth in the Agent Fee Letter.

  • Escrow Agent Fees Escrow Administration Fee: $100.00 for each break letter after the first four $750.00 escrow account fee The fees quoted in this schedule apply to services ordinarily rendered in the administration of an Escrow Account and are subject to reasonable adjustment based on final review of documents, or when the Escrow Agent is called upon to undertake unusual duties or responsibilities, or as changes in law, procedures, or the cost of doing business demand. Services in addition to and not contemplated in this Escrow Agreement, including, but not limited to, document amendments and revisions, non-standard cash and/or investment transactions, calculations, notices and reports, and legal fees, will be billed as extraordinary expenses. Extraordinary fees are payable to the Escrow Agent for duties or responsibilities not expected to be incurred at the outset of the transaction, not routine or customary, and not incurred in the ordinary course of business. Payment of extraordinary fees is appropriate where particular inquiries, events or developments are unexpected, even if the possibility of such things could have been identified at the inception of the transaction. Unless otherwise indicated, the above fees relate to the establishment of one escrow account. Additional sub-accounts governed by the same Escrow Agreement may incur an additional charge. Transaction costs include charges for wire transfers, internal transfers and securities transactions.