Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 8% 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 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 under Section 2.6(a) for any day be less than 8% per annum. To the -------------- extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Convergent Communications Inc /Co)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 88.0% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Network Computing Devices Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day for Advances or Term Loan A be less than 87.00% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Allied Healthcare Products Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under Section 2.7(a)(i) for any day be less than 87.00% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (General Datacomm Industries Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under SECTION 2.6(A)(I) for any day be less than 813% per annum. To the extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Cai Wireless Systems Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day for Advances be less than 87.00% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Allied Healthcare Products Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 813% 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 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 8% ten and one-quarter percent (10 1/4%) 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 such day automatically shall be deemed increased to the minimum rate.
(j) Section 2.10 of the Loan Agreement shall be amended by adding the following subsection (g):
Appears in 1 contract
Sources: Loan and Security Agreement (Evans & Sutherland Computer Corp)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 86.00% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Silicon Storage Technology Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under Section 2.7(a) for any day be less than 87.25% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (General Datacomm Industries Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 88.5% 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 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 under SECTION 2.9(a)(i) for any day be less than 89% per annum. To the extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Goldman Sachs Group Lp)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 88.00% 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 such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Sources: Loan and Security Agreement (Digital Generation Systems Inc)