Common use of Minimum Monthly Fee Clause in Contracts

Minimum Monthly Fee. It is the intention of the parties hereto that, prior to an Event of Default, the aggregate sum of all recurring monthly fees and interest payable by Borrower hereunder to Lender for each calendar month during the term hereof shall not be less than one and one-half percent (1.5%) of the then applicable Revolving Loan Commitment (the “Minimum Fees”). In the event during any calendar month during the term of this Agreement, the recurring monthly fees and interest payable by Borrower to Lender hereunder are less than the Minimum Fees, then in addition to all such recurring monthly fees and interest payable, the Borrower shall pay to Lender, on the next Payment Date, an amount determined by Lender such that when added to the recurring monthly fees and interest payable to Lender each calendar month hereunder, such amount shall never be less than the Minimum Fees.

Minimum Monthly Fee. It is the intention of the parties hereto that, prior to an Event of Default, the aggregate sum of all recurring monthly fees and interest payable by Borrower Borrowers hereunder to Lender for each calendar month during the term hereof shall not be less than one One and one-half percent Five Tenths Percent (1.5%) of the then applicable Revolving Loan Commitment (the “Minimum Fees”). In the event during any calendar month during the term of this Agreement, the recurring monthly fees and interest payable by Borrower Borrowers to Lender hereunder are less than the Minimum Fees, then in addition to all such recurring monthly fees and interest payable, the Borrower Borrowers shall pay to Lender, on the next Payment Date, an amount determined by Lender such that when added to the recurring monthly fees and interest payable to Lender each calendar month hereunder, such amount shall never be less than the Minimum Fees.

Minimum Monthly Fee. It is the intention of the parties hereto that, prior to an Event of Default, the aggregate sum of all recurring monthly fees and interest payable by Borrower hereunder to Lender for each calendar month during the term hereof shall not be less than one and one-half percent (1.5%) 0.875% of the then applicable Revolving Loan Commitment (the “Minimum Fees”). In the event during any calendar month during the term of this Agreement, the recurring monthly fees and interest payable by Borrower Borrowers to Lender hereunder are less than the Minimum Fees, then in addition to all such recurring monthly fees and interest payable, the Borrower Borrowers shall pay to Lender, on the next Payment Date, an amount determined by Lender such that when added to the recurring monthly fees and interest payable to Lender each calendar month hereunder, such amount shall never be less than the Minimum Fees.

Minimum Monthly Fee. It is the intention of the parties hereto that, prior to an Event of Default, the aggregate sum of all recurring monthly fees and interest payable by Borrower Borrowers hereunder to Lender for each calendar month during the term hereof shall not be less than one One and one-half percent Fourth Tenths Percent (1.51.4%) of the then applicable Revolving Loan Commitment (the “Minimum Fees”). In the event during any calendar month during the term of this Agreement, the recurring monthly fees and interest payable by Borrower Borrowers to Lender hereunder are less than the Minimum Fees, then in addition to all such recurring monthly fees and interest payable, the Borrower Borrowers shall pay to Lender, on the next Payment Date, an amount determined by Lender such that when added to the recurring monthly fees and interest payable to Lender each calendar month hereunder, such amount shall never be less than the Minimum Fees.

Minimum Monthly Fee. It is the intention of the parties hereto that, prior to an Event of Default, the aggregate sum of all recurring allrecurring monthly fees and interest payable by Borrower hereunder to Lender for each calendar month during the term hereof shall not be less than one and one-half percent halfpercent (1.5%) of the then applicable Revolving Loan Commitment (the “Minimum Fees”). In the event during any calendar month during the term of this Agreement, the recurring monthly fees and interest payable by Borrower to Lender hereunder are less than the Minimum Fees, then in addition to all such recurring monthly fees and interest payable, the Borrower shall pay to Lender, on the next Payment Date, an amount determined by Lender such that when added to the recurring monthly fees and interest payable to Lender each calendar month hereunder, such amount shall never be less than the Minimum Fees.