Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven percent (7.00%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum rate, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Midcom Communications Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven percent (7.00%) % per annum, subject to the provisions of Section 2.6(f). To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum rate, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Neostar Retail Group Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.00%) 8.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Digital Generation Systems Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven nine percent (7.009%) per annum. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would be yield less than the foregoing minimum rateamount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum rateamount of interest being accrued and payable hereunder.
Appears in 1 contract
Sources: Loan and Security Agreement (Victoria Creations Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.007%) percent per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Franks Nursery & Crafts Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven eight percent (7.008.00%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum rate, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Communication Telesystems International)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.00%) 13% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Graff Pay Per View Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.007%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven percent (7.007%) per annum. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would be yield less than the foregoing minimum rateamount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum rateamount of interest being accrued and payable hereunder."
Appears in 1 contract
Sources: Loan and Security Agreement (Thousand Trails Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.00%) 12.50% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Graphix Zone Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven and one-half percent (7.007.50%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum rate, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.00%) 6.5% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than seven percent (7.007%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum rate, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Concurrent Computer Corp/De)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.00%) 8.5% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Malibu Entertainment Worldwide Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.00%) 6% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for the period in question such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Minimum Interest. In no event shall the any rate of interest chargeable hereunder be less than seven six percent (7.006%) per annumannum (it being understood that the amounts payable under Section 2.2(d) hereof constitute fees and not interest). To the extent that interest accrued hereunder with respect to such advances at the rate set forth herein (including the minimum interest rate) would be yield less than the foregoing minimum rateamount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum rateamount of interest being accrued and payable hereunder.
Appears in 1 contract