Minimum Utilization. Borrower shall at all times cause the aggregate gross value of Accounts purchased hereunder to be equal or greater than the amount set forth in the General Rates and Fees; any violation of the foregoing covenant shall cause the Financing Fees owed hereunder by Borrower to be equal to the fees that would have accrued had Borrower not violated this clause.
Appears in 2 contracts
Sources: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)