Finance Charges. Lender may, but is not required to, deduct the amount of accrued Finance Charge from Collections received by Lender. On each Month End Borrower shall pay to Lender any accrued and unpaid Finance Charge as of such Month End. Lender may deduct the accrued Finance Charges in calculating the Refundable Reserve.
Appears in 7 contracts
Samples: Business Financing Agreement (Transwitch Corp /De), Business Financing Agreement (IZEA, Inc.), Business Financing Agreement (Akeena Solar, Inc.)
Finance Charges. Lender may, but is not required to, deduct the amount of accrued and unpaid Finance Charge from Collections received by Lender. On each Month End Borrower shall pay to Lender any accrued and unpaid Finance Charge as of such Month End. Lender may deduct the accrued and unpaid Finance Charges in calculating the Refundable Reserve.
Appears in 3 contracts
Samples: Business Financing Agreement (Rimini Street, Inc.), Business Financing Agreement (Rimini Street, Inc.), Business Financing Agreement (Rimini Street, Inc.)
Finance Charges. Lender may, but is not required to, deduct the amount of accrued Finance Charge Charges from Collections received by Lender. On each Month End Borrower shall pay to Lender any accrued and unpaid Finance Charge Charges as of such Month End. Lender may deduct the accrued Finance Charges in calculating the Refundable Reserve.
Appears in 2 contracts
Samples: Business Financing Agreement (Giga Tronics Inc), Business Financing Agreement (Inuvo, Inc.)
Finance Charges. Lender may, but is not required to, deduct the amount of accrued Finance Charge from Collections received by Lenderlender. On each Month End Borrower shall pay to Lender any accrued and unpaid Finance Charge as of such Month End. Lender may deduct the accrued Finance Charges in calculating the Refundable Reserve.
Appears in 1 contract
