MATURED FUNDS. On the last day of each month during the Term, Lender shall credit Borrower's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Lender to Borrower hereunder which are not drawn by Borrower on the Settlement Date.
Appears in 4 contracts
Samples: Credit and Security Agreement (Aviation Distributors Inc), Management and Security Agreement (World Airways Inc /De/), Loan and Security Agreement (Greka Energy Corp)
MATURED FUNDS. On the last day of each month during the Term, Lender BNY shall credit Borrower's account Account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Lender BNY to Borrower hereunder which are not drawn by Borrower on the Settlement Date.
Appears in 2 contracts
Samples: Management and Security Agreement (TMP Worldwide Inc), Management and Security Agreement (TMP Worldwide Inc)
MATURED FUNDS. On the last day of each month during the Term, the Lender shall credit the Borrower's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by the Lender to the Borrower hereunder (as confirmed by appropriate credit to the Borrower's account with the Lender) which are not drawn by the Borrower on the Settlement Date, while held by the Lender after the Settlement Date.
Appears in 1 contract
Samples: Tristar Corp
MATURED FUNDS. On the last day of each month during the Term, ------------- Lender shall credit Borrower's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Lender to Borrower hereunder which are not drawn by Borrower on the Settlement Date.
Appears in 1 contract
Samples: Accounts Receivable Management and Security Agreement (Renaissance Worldwide Inc)
MATURED FUNDS. On the last day of each month during the Term, Lender shall credit Borrower's Borrowers' account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Lender to Borrower Borrowers hereunder which are not drawn by Borrower Precision as agent for Borrowers on the Settlement Date.
Appears in 1 contract
Samples: Management and Security Agreement (Precision Standard Inc)
MATURED FUNDS. On the last day of each month during the Term, Lender BNY shall credit Borrower's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Lender BNY to Borrower hereunder which are not drawn by Borrower on the Settlement Date.
Appears in 1 contract
Samples: Accounts Receivable Management and Security Agreement (TMP Worldwide Inc)
