Common use of Minimum Interest Charge Clause in Contracts

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (a), the Borrower shall pay to the Lender interest of not less than $22,500 per quarter (the "Minimum Interest Charge") during the term of this Agreement (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 Section 2.8(a) on the first day of each quarter and on the Termination Date.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower shall pay to the Lender interest of not less than $22,500 15,000 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(a2.2(a) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.7.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.7(b), the Borrower shall pay to the Lender interest of not less than $22,500 500,000 per quarter calendar year beginning after December 31, 1999 (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge Agreement, prorated for the period ending November 30, 2002 shall be $18,000)partial years, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(a2.7(b) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.9.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.13(a) or 2.13(b), the Borrower Borrowers shall pay to the Lender interest of not less than $22,500 75,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(aSections 2.13(a) and 2.13(b) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.15.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.3(a), the Borrower shall pay to the Lender interest of not less than $22,500 10,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(a2.3(a) on the first last day of each calendar quarter and on the Termination DateDate or earlier prepayment by the Borrower or demand for payment by the Lender.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower shall pay to the Lender interest of not less than $22,500 15,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)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(c) in arrears in the manner provided in Section 2.8(a) on the first day of each quarter and on the Termination Date2.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.8(a), 2.8(b) and 2.8(h), the Borrower shall pay to the Lender interest of not less than $22,500 15,000.00 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section Sections 2.8(a) and 2.8(e) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.8(a), the Borrower shall pay to the Lender interest of not less than $22,500 6,500.00 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section Sections 2.8(a) and 2.8(e) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower shall pay to the Lender interest of not less than $22,500 7,500.00 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)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 Section 2.8(aSections 2.2(a) and 2.2(c) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.4.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower Borrowers shall pay to the Lender interest of not less than $22,500 50,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(aSections 2.2(a) and 2.2(d) on the first day of each quarter January, April, July and on the Termination DateOctober.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection Section 2.6(a), (ab) and (c), the Borrower shall pay to the Lender interest of not less than $22,500 30,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(a2.6(a), (b) and (c), and Section 2.6(e) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.8.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.6(a), the Borrower shall pay to the Lender interest of not less than Twenty-Five Thousand Dollars ($22,500 25,000) per calendar quarter on a pro rated basis (the "Minimum Interest Charge") during the ------------------------- term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(aSections 2.6(a) and 2.6(d) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.8.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower shall pay to the Lender interest of not less than $22,500 the applicable amount shown below per quarter year of this Agreement (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(aSections 2.6(a) and 2.6(c) on the first day date and in the manner provided in Section 2.8: Period Minimum Annual Interest ------ ----------------------- Year One of each quarter Agreement $80,000 Year Two of Agreement and on the Termination Date.thereafter $95,000

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.8(a), the Borrower shall pay to the Lender interest of not less than $22,500 15,000.00 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section Sections 2.8(a) and 2.8(e) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.8(a), the Borrower shall pay to the Lender interest of not less than $22,500 3,500.00 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section Sections 2.8(a) and 2.8(e) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.10.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower shall pay to the Lender interest of not less than $22,500 15,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, whether or not this Agreement (provided that the Minimum Interest Charge for the period ending November 30is terminated prior to January 31, 2002 shall be $18,000)1997, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(aSections 2.2(a) and 2.2(c) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.4.

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

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.4(a), the Borrower shall pay to the Lender interest of not less than $22,500 12,000 per quarter calendar month (the "Minimum Interest Charge") during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under Section 2.8(a2.4(a) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.6.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to Subsection (aSection 2.2(a), the Borrower shall pay to the Lender interest of not less than $22,500 80,000 per quarter (the "Minimum Interest Charge") year during the term of this Agreement (provided that the Minimum Interest Charge for the period ending November 30, 2002 shall be $18,000)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 Section 2.8(aSections 2.2(a) on the first day of each quarter and on the Termination Date2.2(c).