Common use of Compensation of Employees Clause in Contracts

Compensation of Employees. Compensate the employees of the Borrower for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

Appears in 10 contracts

Samples: 8 Term Loan Agreement (Atg Inc), Commercial Credit Agreement (Interactive Group Inc), Term Loan Agreement (Atg Inc)

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Compensation of Employees. Compensate the Borrower shall compensate its employees of the Borrower for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

Appears in 6 contracts

Samples: Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.)

Compensation of Employees. Compensate the employees of the Borrower for services rendered at an hourly rate note at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

Appears in 1 contract

Samples: Line of Credit Agreement (Interactive Group Inc)

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Compensation of Employees. Compensate the The Debtor shall compensate its employees of the Borrower for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

Appears in 1 contract

Samples: Security Agreement (Scheid Vineyards Inc)

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