Common use of Minimum Interest Charge Clause in Contracts

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a) on the date and in the manner provided in Section 2.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(aSubsection (a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 22,500 per quarter (the "Minimum Interest Charge") during the term of this AgreementAgreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000), and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(aSection 2.8(a) on the date first day of each quarter and in on the manner provided in Section 2.4Termination Date.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each 80,000 per year beginning on the Funding Date And each anniversary thereof (the "Minimum Interest Charge") during the term of this Agreement, and on the last day of each year of this Agreement the Borrower shall pay any deficiency between the Minimum Interest Charge such minimum interest charge and the amount of interest otherwise calculated under Sections 2.2(a) on the date and in the manner provided in Section 2.42.2(c).

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.6(a), (b) and (c), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 30,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(aSection 2.6(a), (b) and (c), and Section 2.6(e) on the date and in the manner provided in Section 2.42.8.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each the applicable amount shown below per year beginning on the Funding Date And each anniversary thereof of this Agreement (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.6(a) and 2.6(c) on the date and in the manner provided in Section 2.4.2.8: Period Minimum Annual Interest ------ ----------------------- Year One of Agreement $80,000 Year Two of Agreement and thereafter $95,000

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.8(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 15,000.00 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.8(a) and 2.8(e) on the date and in the manner provided in Section 2.42.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than Xxxxxx Xxxxxxxx Dollars ($60,000 during each year beginning on the Funding Date And each anniversary thereof 20,000) per calendar quarter (the "Minimum Interest ChargeMINIMUM INTEREST CHARGE") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a) and 2.2(d) quarterly in arrears on the first day of each calendar quarter and on the Termination Date and on the date and in the manner provided in Section 2.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.13(a) or 2.13(b), the Borrower Borrowers shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 75,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.13(a) and 2.13(b) on the date and in the manner provided in Section 2.42.15.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.8(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 6,500.00 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.8(a) and 2.8(e) on the date and in the manner provided in Section 2.42.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 15,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, whether or not this Agreement is terminated prior to January 31, 1997, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a) and 2.2(c) on the date and in the manner provided in Section 2.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.7(b), the Borrower shall pay to the Lender interest of not less than $60,000 during each 500,000 per calendar year beginning on the Funding Date And each anniversary thereof after December 31, 1999 (the "Minimum Interest Charge") during the term of this Agreement, prorated for partial years, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(aSection 2.7(b) on the date and in the manner provided in Section 2.42.9.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(aSubsection 2.9(a), the Borrower shall pay to the ------------------ Lender interest of not less than ten thousand dollars ($60,000 during each year beginning on the Funding Date And each anniversary thereof 10,000) per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(aSubsection 2.9(a) on the date first day of each month following each ------------------ anniversary of the Funding Date and in on the manner provided in Section 2.4Termination Date.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 7,500.00 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge SKR:bss 287918.06 3/22/99 8 and the amount of interest otherwise calculated under Sections 2.2(a) and 2.2(c) on the date and in the manner provided in Section 2.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.6(a), the Borrower shall pay to the Lender interest of not less than Twenty-Five Thousand Dollars ($60,000 during each year beginning 25,000) per calendar quarter on the Funding Date And each anniversary thereof a pro rated basis (the "Minimum Interest Charge") during the ------------------------- term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.6(a) and 2.6(d) on the date and in the manner provided in Section 2.42.8.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 15,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a) on the date and 2.2(c) in arrears in the manner provided in Section 2.42.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.8(a), 2.8(b) and 2.8(h), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 15,000.00 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.8(a) and 2.8(e) on the date and in the manner provided in Section 2.42.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower Borrowers shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 50,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a) and 2.2(d) on the date first day of January, April, July and in the manner provided in Section 2.4October.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.3(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 10,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(aSection 2.3(a) on the date last day of each calendar quarter and in the manner provided in Section 2.4Termination Date or earlier prepayment by the Borrower or demand for payment by the Lender.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 15,000 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections Section 2.2(a) on the date and in the manner provided in Section 2.42.7.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.8(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 3,500.00 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(a2.8(a) and 2.8(e) on the date and in the manner provided in Section 2.42.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Section 2.2(a2.4(a), the Borrower shall pay to the Lender interest of not less than $60,000 during each year beginning on the Funding Date And each anniversary thereof 12,000 per calendar month (the "Minimum Interest Charge") during the term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Sections 2.2(aSection 2.4(a) on the date and in the manner provided in Section 2.42.6.