Minimum Monthly Charge. 3.3.10.1 For any full calendar month in which the sum of (i) interest and (ii) the A/R Administrative Fee earned by Lender is less than the Minimum Monthly Charge, Lender will debit the difference to the Obligations as of the first day of the following calendar month, until the date on which all Obligations have been paid (whether or not this Agreement has theretofore been terminated).
Appears in 2 contracts
Samples: Loan and Security Agreement (American Tonerserv Corp.), Loan and Security Agreement (American Tonerserv Corp.)
Minimum Monthly Charge. 3.3.10.1 For any full calendar month in which the sum of (i) interest and (ii) the A/R Administrative Fee earned by Lender is less than the Minimum Monthly Charge, Lender will debit the difference to the Obligations as of the first day of the following calendar month, until the date on which all Obligations have been paid repaid (whether or not this Agreement has theretofore been terminated).
Appears in 2 contracts
Samples: Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (Deja Foods Inc)
