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 $12,500 per 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 subsection (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 Five Thousand Dollars ($12,500 5,000) per quarter 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 subsection (aSections 2.2(a) and 2.2(d) 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) and 2.2(c) and subject to Section 2.2(d), the Borrower shall pay to the Lender interest of not less than $12,500 7,166 per quarter (the "Minimum Interest Charge") month during the term of this Agreement, Agreement (prorated for less than a full month) and on the first day of each month the Borrower shall pay any deficiency between the Minimum Interest Charge such minimum interest charge and the amount of interest otherwise calculated under subsection (aSections 2.2(a) on the first day of each quarter and on the Termination Date2.2(c).

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 Fifteen Thousand Dollars ($12,500 15,000) per quarter calendar month (or a prorata portion of such amount for any partial 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 subsection (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 2.4(a), the Borrower shall pay to the Lender interest of not less than Twenty Five Thousand Dollars ($12,500 per quarter 25,000) during each 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 subsection (aSections 2.4(a) on the first day of each quarter date and on in the Termination Datemanner provided in Section 2.6.

Minimum Interest Charge. Notwithstanding any other terms of this Agreement to the interest payable pursuant to subsection (a)contrary, the Borrower shall pay to the Lender interest of not less than $12,500 11,667 per quarter 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 subsection (aSection 2.5(a) on the first day of each quarter month and on the Termination Date. When calculating this deficiency, the Default Rate, if applicable, shall be disregarded.

Minimum Interest Charge. Notwithstanding the interest payable pursuant to subsection (aSections 2.4(a), the Borrower shall pay to the Lender interest on the Advances of not less than $12,500 10,000 per quarter calendar month prorated for periods shorter than one 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 subsection (aSections 2.4(a) and 2.4(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 $12,500 17,000 per quarter (the "Minimum Interest Charge") calendar year during the term of this Agreementagreement (prorated for less than full years), and the Borrower shall pay any deficiency between the Minimum Interest Charge such minimum interest charge and the amount of interest otherwise calculated under subsection (aSections 2.2(a) on the first day of each quarter and on the Termination Date2.2(c)."

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 $12,500 8,000.00 per quarter 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 subsection (aSections 2.2(a) and 2.2(d) 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 2.6(a), the Borrower shall pay to the Lender interest of not less than (i) during the month of January, February, March and August of each year, $12,500 7,000 per quarter calendar month and (ii) at all other times, $9,000 per calendar month (the "Minimum Interest Charge") during the term Term of this Agreement, and the Borrower shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under subsection (aSections 2.6(a) and 2.6(c) 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 (i) during the months of January, February, March and August of each year, $12,500 6,000 per quarter calendar month and (ii) at all other times, $8,000 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 subsection (aSections 2..6(a) and 2.6(c) 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 Borrowers jointly and severally agree to pay to the Lender interest of not less than $12,500 2,750 per quarter calendar month (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 subsection (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 Subsection (a), the Borrower Borrowers shall pay to the Lender interest of not less than $12,500 25,000 per calendar quarter (the "Minimum Interest Charge") during the term of this Agreement, prorated for periods less than one calendar quarter, and the Borrower Borrowers shall pay any deficiency between the Minimum Interest Charge and the amount of interest otherwise calculated under subsection Subsection (a) on the first day of each calendar 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 $12,500 20,000 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 subsection (aSection 2.2(a) on in arrears in the first day of each quarter and on the Termination Datemanner provided in Section 2.4.