Common use of Security Agent Fees Clause in Contracts

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.

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) 50,000 (the “Security Agent Fee”), which must be paid annually in advance in accordance with paragraph paragraphs (b) and (c) below. (b) The first payment of this Notwithstanding paragraph (a) above, the Security Agent Fee is for 2013 payable at Financial Close. on the Effective Date shall be an amount equal to US$20,000. (c) 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.

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) 50,000 (the “Security Agent Fee”), which must be paid annually in advance in accordance with paragraph paragraphs (b) and (c) 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.