Common use of Monthly Minimum Fee Clause in Contracts

Monthly Minimum Fee. Lender would not have entered into this Agreement and agreed to provide Borrower with the financing hereunder unless Borrower guaranteed Lender that the sum of the interest as set forth in Section 2.2, in any Inventory Rider and in any Accommodation Note, and the administrative fees set forth in Section 2.4, in any Inventory Rider and in any Accommodation Note, paid to Lender in each month would be at least seven thousand five hundred Dollars ($7,500) (the "Monthly Minimum Fee"). In the event the aggregate amount of such interest and administrative fees payable on the first day of any month is less than the Monthly Minimum Fee, then Borrower shall pay to Lender on the first day of such month the Monthly Minimum Fee in satisfaction of the interest and administrative fees payable during such month.

Monthly Minimum Fee. Lender would not have entered into this Agreement and agreed to provide Borrower with the financing hereunder here- under unless Borrower guaranteed Lender that the sum of the interest as set forth in Section 2.2, in any Inventory Rider and in any Accommodation Note, and the administrative fees set forth in Section 2.4, in any Inventory Rider and in any Accommodation Note, paid to Lender in each month would be at least seven four thousand five hundred Dollars ($7,5004,000) (the "Monthly Minimum Fee"). In the event the aggregate amount of such interest and administrative fees payable on the first day of any month is less than the Monthly Minimum Fee, Fee then Borrower shall pay to Lender on the first day of such month the Monthly Minimum Fee in satisfaction of the interest and administrative ad- ministrative fees payable during such month.