Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 8 contracts
Samples: Loan and Security Agreement (National Media Corp), Loan and Security Agreement (Intergraph Corp), Loan and Security Agreement (Natural Wonders Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.07.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 7 contracts
Samples: Loan and Security Agreement (Oneita Industries Inc), Loan and Security Agreement (Incomnet Inc), Loan and Security Agreement (Multigraphics Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.07% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 6 contracts
Samples: Loan and Security Agreement (Mountasia Entertainment International Inc), Loan and Security Agreement (Sizzler International Inc), Possession Loan and Security Agreement (Factory Card Outlet Corp)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.07.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Appears in 4 contracts
Samples: Loan and Security Agreement (Concurrent Computer Corp/De), Loan and Security Agreement (Garden Botanika Inc), Loan and Security Agreement (Usci Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.09.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 3 contracts
Samples: Loan and Security Agreement (Childrens Broadcasting Corp), Loan and Security Agreement (Childrens Broadcasting Corp), Loan and Security Agreement (Childrens Broadcasting Corp)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than seven percent (7.0% %) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Appears in 3 contracts
Samples: Loan and Security Agreement (Pharmhouse Corp), Loan and Security Agreement (Data Systems Network Corp), Loan and Security Agreement (Usci Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% eight percent (8%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Appears in 2 contracts
Samples: Loan and Security Agreement (Brill Media Co LLC), Loan and Security Agreement (Allied Products Corp /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% eight percent (8%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 2 contracts
Samples: Loan and Security Agreement (Interiors Inc), Loan and Security Agreement (Areawide Cellular Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under Section 2.6(a) for any day be less than 7.08% per annum. To the extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 2 contracts
Samples: Loan and Security Agreement (Petsec Energy Inc), Loan and Security Agreement (Ram Energy Inc/Ok)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% seven and one-half percent (7.50%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Security Agreement (QMS Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% seven percent (7%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Concurrent Computer Corp/De)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.08.50% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.the
Appears in 1 contract
Samples: Loan and Security Agreement (Majestic Star Casino LLC)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% eight percent (8.00%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day the period in question automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Communication Telesystems International)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.06.5% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 for any day be less than 7.08.5% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Malibu Entertainment Worldwide Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% nine percent (9%) per annum. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would be yield less than the foregoing minimum daily rateamount, the interest rate chargeable hereunder for such day the period in question automatically shall be deemed increased to that rate that would result in the minimum rateamount of interest being accrued and payable hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Victoria Creations Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% seven (7%) percent per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 for any day be less than 7.0% seven percent (7%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 for any day be less than 7.06% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 for any day be less than 7.012.50% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Graphix Zone Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under Section 2.7(a)(i) for any day be less than 7.07.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (General Datacomm Industries Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.07.00% per annum. Additionally, in no event shall the interest due hereunder in any month be less than what would be due based on average daily outstanding Obligations of $3,000,000. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (International Remote Imaging Systems Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.08.0% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Network Computing Devices Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under Section 2.6(a) for any day be less than 7.09% per annum. To the extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day for Advances or Term Loan A be less than 7.07.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Allied Healthcare Products Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.08.00% per annum. Minimum monthly interest shall be charged based upon an average Daily Balance (including the Term Loan) of $4,000,000. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily raterate or Daily Balance, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum raterate and minimum Daily Balance.
Appears in 1 contract
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.013% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Graff Pay Per View Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.07% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Effective Management Systems Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.06.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Silicon Storage Technology Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% seven percent (7%) per annum. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would be yield less than the foregoing minimum daily rateamount, the interest rate chargeable hereunder for such day the period in question automatically shall be deemed increased to that rate that would result in the minimum rateamount of interest being accrued and payable hereunder."
Appears in 1 contract
Samples: Loan and Security Agreement (Thousand Trails Inc /De/)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under Section 2.7(a) for any day be less than 7.07.25% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (General Datacomm Industries Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.08% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 under Section 2.6(a) for any day be less than 7.08% per annum. To the -------------- extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Convergent Communications Inc /Co)
Minimum Interest. In no event shall the rate of interest chargeable hereunder under SECTION 2.6(A)(I) for any day be less than 7.013% per annum. To the extent that interest accrued hereunder at the rate set forth herein in such section would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Cai Wireless Systems Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day for Advances be less than 7.07.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Allied Healthcare Products Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.06% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Ultimate Electronics Inc)
Minimum Interest. In no event shall the rate of interest ---------------- chargeable hereunder for any day be less than 7.07% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 for any day be less than 7.09.25% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate. To the extent that interest accrued hereunder at the rate set forth herein (including the minimum interest rate) would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Icf Kaiser International Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.08.00% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Digital Generation Systems Inc)
Minimum Interest. In no event shall the rate of interest chargeable hereunder for any day be less than 7.06.0% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day 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 for any day be less than 7.0% ten and one-quarter percent (10 1/4%) per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Appears in 1 contract
Samples: Loan and Security Agreement and Waiver (Evans & Sutherland Computer Corp)
