Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight percent (8%) per annum.
Appears in 3 contracts
Sources: Loan and Security Agreement (Mednet MPC Corp), Loan and Security Agreement (Bollinger Industries Inc), Loan and Security Agreement (Bollinger Industries Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight seven percent (87.0%) per annum.
Appears in 1 contract
Sources: Loan and Security Agreement (Image Entertainment Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight six and three quarters percent (86.75%) per annum.
Appears in 1 contract
Sources: Loan and Security Agreement (Salton Maxim Housewares Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight five percent (85.0%) per annum.
Appears in 1 contract
Sources: Loan and Security Agreement (Image Entertainment Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight percent (88.00%) per annum.
Appears in 1 contract
Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight ten percent (810.00%) per annum.
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Minimum Interest. In no event shall the rate of interest chargeable hereunder be less than eight seven and one-half percent (87.50%) 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 be less than eight seven and three quarter percent (87.75%) per annum.
Appears in 1 contract
Sources: Loan and Security Agreement (Action Industries Inc)