Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Appears in 6 contracts
Samples: Credit and Security Agreement (Winnebago Industries Inc), Credit and Security Agreement (Pinnacle Data Systems Inc), Credit and Security Agreement (Winnebago Industries Inc)
Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c1.6(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Appears in 3 contracts
Samples: And Security Agreement (Nortech Systems Inc), Credit and Security Agreement (Nortech Systems Inc), Credit and Security Agreement (Physicians Formula Holdings, Inc.)
Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c1.5(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Appears in 2 contracts
Samples: Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)
Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Wxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c1.5(c), but but, if there are any outstanding Advances, the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Appears in 1 contract
Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Wxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c1.6(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Appears in 1 contract
Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Wxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Noteapplied.
Appears in 1 contract
Samples: Credit and Security Agreement (Merrimac Industries Inc)
Interest Accrual on Payments Applied to Revolving Note. Payments received by Xxxxx Wxxxx Fargo shall be applied to the Revolving Note as provided in Section 1.4(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Appears in 1 contract
Samples: Wells Fargo Business Credit Credit and Security Agreement (Iridex Corp)
