Example ContractsClausesCollateral Management Agreement
Collateral Management Agreement
Collateral Management Agreement contract clause examples

Collateral Management Fee. From and following the Closing Date, on the first day of each month, Borrowers shall pay Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to the product obtained by multiplying # the greater of # the average end-of-day principal balance of Revolving Loans outstanding during the immediately preceding month and # the Minimum Balance, by # one half of one percent (0.50%) per annum. For purposes of calculating the average end-of-day principal balance of Revolving Loans, all funds paid into the Payment Account (or which were required to be paid into the Payment Account hereunder) or otherwise received by Agent for the account of Borrowers shall be subject to a five (5) Business Day clearance period. The collateral management fee shall be payable monthly in arrears on the first day of each calendar month and shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

Borrowers shall pay Lender as additional interest a monthly collateral management fee (the “Collateral Management Fee”) for monitoring and servicing the Revolving Facility, equal to one-fifth of one percent (0.20%) per month calculated on the basis of the average daily balance under the Revolving Facility outstanding during the preceding month. The Collateral Management Fee shall be payable monthly in arrears but in no event later than the first day of each successive calendar month (starting with January 1, 2022). Payment of the Collateral Management Fee shall be made, at the discretion of Lender: # by application of available funds in the Concentration Account pursuant to Section 2.5, # by application of Advances under the Revolving Facility pursuant to Section 2.1, or # upon two Business Days’ notice, directly by Borrowers. The final payment shall be prorated to the date of payment in full and shall be paid on that date as part of the Obligations.

Collateral Management Report. The Collateral Manager shall deliver a Collateral Management Report and a Borrowing Base Certificate on each Reporting Date and each Funding Date to the Administrative Agent, the Collateral Agent, each Lender and the Borrower.

Collateral Management Report. The Collateral Manager shall deliver a Collateral Management Report and a Borrowing Base Certificate on each Reporting Date and each Funding Date to the Administrative Agent, the Collateral Agent, each Lender and the Borrower.

Management Agreement. The Tribe or Borrower shall enter into any management agreement with any Affiliate of the Tribe or Borrower, other than a Loan Party, with respect to all or any part of the Gaming operations of Mohegan Sun or Pocono at any time during the term of this Agreement unless # the manager thereunder has entered into a subordination agreement with the Administrative Agent (which the Administrative Agent shall be under no obligation to enter into) and # in the case of any such management agreement (within the meaning of IGRA) with respect to Mohegan Sun, such subordination agreement is effective and the Commission has approved such subordination agreement and management agreement or has issued a “declination” letter in connection with such subordination agreement and management agreement (including to the effect that the subordination agreement does not modify such management agreement); or

Management Agreement. A termination of Seller’s existing property management agreement, executed by Seller and acknowledged by the existing property manager.

Management Agreement. The management agreement between Seller and Extra Space Management, Inc., a Utah corporation, Seller's property manager, will be terminated at Closing, and Seller will pay the termination fee therefor, with evidence of such termination, executed by Seller and such property manager, to be provided by Seller to Purchaser at Closing.

Management Agreement. The Consultant acknowledges that the Company has entered into the Management Agreement with the Manager pursuant to which the Manager shall provide the Management Services. The Company hereby authorizes the Consultant to coordinate providing the Theater Services with the Manager. The Consultant is authorized to rely on instructions from the Manager and advise the Manger’s personnel regarding the various recommendations to be provided by the Consultant under this Agreement. The Company authorizes and directs the Manager to pay all Consulting Fees to the Consultant, and reimburse the Consultant for all Consultant Expenses incurred by the Consultant, as provided in this Agreement.

Management Agreement. Borrower shall # cause Manager to manage the Property in accordance with the Management Agreement, # diligently perform and observe all of the terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, # promptly notify Lender of any default under the Management Agreement of which it is aware, and # promptly enforce the performance and observance of all of the covenants required to be performed and observed by Manager under the Management Agreement.

Management Agreement. Except in accordance with this Agreement, # Enter into, any management agreement, # terminate, cancel or consent to either the reduction of the term of or the assignment of any management agreement approved by Lender in

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