Common use of Minimum Interest Charge Clause in Contracts

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c), the Borrower shall pay to the Lender interest of not less than $20,000.00 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (c) on the date and in the manner provided in Section 2.6.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) 2.6(a), (b) and (c), the Borrower shall pay to the Lender interest of not less than $20,000.00 30,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(bSection 2.6(a), (b) and (c), and Section 2.6(e) on the date and in the manner provided in Section 2.62.8.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 the applicable amount shown below per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier year of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) this Agreement (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.6(a) and (c2.6(c) on the date and in the manner provided in Section 2.6.2.8: Period Minimum Annual Interest ------ ----------------------- Year One of Agreement $80,000 Year Two of Agreement and thereafter $95,000

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.8(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 15,000.00 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.8(a) and (c2.8(e) on the date and in the manner provided in Section 2.62.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) Subsection (b) and (ca), the Borrower shall pay to the Lender interest of not less than $20,000.00 22,500 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest Charge") during the term of this AgreementAgreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000), and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (cSection 2.8(a) on the date first day of each quarter and in on the manner provided in Section 2.6Termination Date.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than Xxxxxx Xxxxxxxx Dollars ($20,000.00 20,000) per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest ChargeMINIMUM INTEREST CHARGE") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.2(a) and (c2.2(d) quarterly in arrears on the first day of each calendar quarter and on the Termination Date and on the date and in the manner provided in Section 2.62.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 7,500.00 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge SKR:bss 287918.06 3/22/99 8 and the amount of interest otherwise calculated under Sections 2.4(a)(b2.2(a) and (c2.2(c) on the date and in the manner provided in Section 2.62.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.8(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 3,500.00 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.8(a) and (c2.8(e) on the date and in the manner provided in Section 2.62.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 per calendar month (which amount shall be automatically reduced to $12,500.00 60,000 during each year beginning on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) Funding Date And each anniversary thereof (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (c2.2(a) on the date and in the manner provided in Section 2.62.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 15,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest Charge") during the term of this Agreement, whether or not this Agreement is terminated prior to January 31, 1997, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.2(a) and (c2.2(c) on the date and in the manner provided in Section 2.62.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.3(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 10,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (cSection 2.3(a) on the date last day of each calendar quarter and in the manner provided in Section 2.6Termination Date or earlier prepayment by the Borrower or demand for payment by the Lender.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 15,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (cSection 2.2(a) on the date and in the manner provided in Section 2.62.7.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.7(b), the Borrower shall pay to the Lender interest of not less than $20,000.00 500,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30year beginning after December 31, 2000) 1999 (the "Minimum Interest Charge") during the term of this Agreement, prorated for partial years, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (cSection 2.7(b) on the date and in the manner provided in Section 2.62.9.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower Borrowers shall pay to the Lender interest of not less than $20,000.00 50,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.2(a) and (c2.2(d) on the date first day of January, April, July and in the manner provided in Section 2.6October.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.6(a), the Borrower shall pay to the Lender interest of not less than Twenty-Five Thousand Dollars ($20,000.00 25,000) per calendar month (which amount shall be automatically reduced to $12,500.00 quarter on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) a pro rated basis (the "Minimum Interest Charge") during the ------------------------- term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.6(a) and (c2.6(d) on the date and in the manner provided in Section 2.62.8.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c), the Borrower shall pay to the Lender interest of not less than $20,000.00 12,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (cSection 2.4(a) on the date and in the manner provided in Section 2.6.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (cSubsection 2.9(a), the Borrower shall pay to the ------------------ Lender interest of not less than ten thousand dollars ($20,000.00 10,000) per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b) and (cSubsection 2.9(a) on the date first day of each month following each ------------------ anniversary of the Funding Date and in on the manner provided in Section 2.6Termination Date.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.8(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 6,500.00 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.8(a) and (c2.8(e) on the date and in the manner provided in Section 2.62.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b2.8(a), 2.8(b) and (c2.8(h), the Borrower shall pay to the Lender interest of not less than $20,000.00 15,000.00 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.8(a) and (c2.8(e) on the date and in the manner provided in Section 2.62.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a2.13(a) (b) and (cor 2.13(b), the Borrower Borrowers shall pay to the Lender interest of not less than $20,000.00 75,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.13(a) and (c2.13(b) on the date and in the manner provided in Section 2.62.15.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.4(a) (b) and (c2.2(a), the Borrower shall pay to the Lender interest of not less than $20,000.00 80,000 per calendar month (which amount shall be automatically reduced to $12,500.00 on the earlier of (i) the last day of the month in which the Transaction closes or (ii) June 30, 2000) (the "Minimum Interest Charge") year during the term of this Agreement, and on the last day of each year of this Agreement the Borrower shall pay any deficiency between the Minimum Interest Charge such minimum interest charge and the amount of interest otherwise calculated under Sections 2.4(a)(b2.2(a) and (c) on the date and in the manner provided in Section 2.62.2(c).