Loan Fee. Borrower will pay the Loan Fee to Lender, without offset, deduction, demand or proration, (a) concurrently with the first Credit Accommodation hereunder (the "Loan Fee Date") and (b) on each anniversary of the Loan Fee Date. Any portion of the Loan Fee not paid when due shall accrue interest at the applicable interest rate set forth herein.
Appears in 4 contracts
Samples: Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (American Tonerserv Corp.)
Loan Fee. Borrower will shall pay the Loan Fee to Lender, Lender on an annual basis without offset, deduction, demand or proration, proration (ai) concurrently with the first Credit Accommodation hereunder (the "Loan Fee Date") and (bii) on each anniversary of the such Loan Fee Date. Any portion of the Loan Fee not paid when due shall accrue interest at the applicable interest rate set forth herein.
Appears in 2 contracts
Samples: Loan and Security Agreement (Photomatrix Inc/ Ca), Loan and Security Agreement (Telenetics Corp)
