Collateral Handling Fee definition

Collateral Handling Fee is defined in Section 2.2.4.

Collateral Handling Fee is defined in Section 2.2.4. “Collections” are all funds received by Bank from or on behalf of an Account Debtor for Financed Receivables.

Collateral Handling Fee is defined in Section 3.4.

Examples of Collateral Handling Fee in a sentence

• The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof.

• This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance.

• After an Event of Default, the Collateral Handling Fee will increase an additional 0.50% effective immediately upon such Event of Default.

• After each Reconciliation Period, Bank will provide an accounting of the transactions for that Reconciliation Period, including the amount of all Financed Receivables, all Collections, Adjustments, Finance Charges, Collateral Handling Fee and the Facility Fee.

• The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, and any other Obligations.

More Definitions of Collateral Handling Fee

Collateral Handling Fee is defined in Section 3.5.

Collateral Handling Fee is defined in Section 2.6 of this Agreement.

Collateral Handling Fee is defined in Section 2.2.4. “Collections” are (a) all funds received by Bank from or on behalf of an Account Debtor for Financed Receivables, and (b) the monthly refinancing by Bank, to be completed at Bank’s discretion pursuant to Section 2.3.1 (b)(iii), of all outstanding Advances which are based upon Aggregate Eligible Accounts.

Collateral Handling Fee is defined in Section 4.4.

Collateral Handling Fee shall have the meaning as set forth in Section 3.3 hereof. “Advance” shall have the meaning set forth in Section 2.2 hereof. “Collateral” shall have the meaning set forth in Section 8 hereof. “Collections” shall mean all good funds received by Buyer from or on behalf of an Account Debtor with respect to Purchased Receivables. “Compliance Certificate” shall mean a certificate, in a form provided by Buyer to Seller, which contains the certification of the chief financial officer of Seller that, among other things, the representations and warranties set forth in this Agreement are true and correct as of the date such certificate is delivered. “Due Diligence Fee” shall have the meaning set forth in Section 3.6 hereof. “Effective Date” is the date Buyer executes this Agreement. “Event of Default” shall have the meaning set forth in Section 9 hereof. “Facility Fee” shall have the meaning set forth in Section 3.7 hereof. “Finance Charges” shall have the meaning set forth in Section 3.2 hereof. “Invoice Transmittal” shall mean a writing signed by an authorized representative of Seller which accurately identifies the receivables which Buyer, at its election, may purchase, and includes for each such receivable the correct amount owed by the Account Debtor, the name and address of the Account Debtor, the invoice number, the invoice date and the account code. “Obligations” shall mean all advances, financial accommodations, liabilities, obligations, covenants and duties owing, arising, due or payable by Seller to Buyer of any kind or nature, present or future, arising under or in connection with this Agreement or under any other document, instrument or agreement, whether or not evidenced by any note, guarantee or other instrument, whether arising on account or by overdraft, whether direct or indirect (including those acquired by assignment) absolute or contingent, primary or secondary, due or to become due, now owing or hereafter arising, and however acquired; including, without limitation, all Advances, Finance Charges, Collateral Handling Fees, interest, Repurchase Amounts, fees, expenses, professional fees and attorneys’ fees and any other sums chargeable to Seller hereunder or otherwise. “Prime Rate” is Buyer’s most recently announced “prime rate”, even if it is not Buyer’s lowest rate. “Purchased Receivables” shall mean all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers a...

Collateral Handling Fee. $1,500.00 ($750.00 when not borrowing and Borrower has advised Silicon that it has elected to be on "non-borrowing reporting status" pursuant to Section 6, below) per month, payable in arrears.

Collateral Handling Fee. During each month or portion thereof, Borrower shall pay Bank a collateral handling fee in an amount equal to $1,100 per month. Termination Fee: (Sections 2.1.1(d) and 9.1(b)): None.