Minimum Monthly Interest. In the event the aggregate amount of interest earned by Bank in any month (exclusive of any collateral monitoring fees, or any other fees and charges hereunder) is less than Twenty Thousand Dollars ($20,000) (the “Minimum Monthly Interest”), Borrower shall pay Bank an amount, payable on the last day of such month, in an amount equal to the (i) Minimum Monthly Interest minus (ii) the aggregate amount of all interest earned by Bank (exclusive of any collateral monitoring fees or any other fees and charges hereunder) in such month.
Minimum Monthly Interest. 4 Obligations........................................................ 4
Minimum Monthly Interest. In the event the aggregate amount of interest earned by Bank in any calendar month (exclusive of any collateral monitoring fees, unused line fees, or any other fees and charges hereunder) is less than interest calculated based upon $2,000,000 outstanding under the Revolving Line with respect to each month (the “Minimum Monthly Interest”), Borrower shall pay Bank an amount, payable on the last day of such month, in an amount equal to the (i) Minimum Monthly Interest minus (ii) the aggregate amount of all interest earned by Bank (exclusive of any unused line fees, or any other fees and charges hereunder) in such month.”
Minimum Monthly Interest. In the event the aggregate amount of interest earned by Bank in any calendar month (exclusive of any collateral monitoring fees, unused line fees, or any other fees and charges hereunder) is less than interest calculated based upon $2,000,000 outstanding under the Revolving Line with respect to each month (the “Minimum Monthly Interest”), Borrower shall pay Bank an mount payable on the last day of such month, in an amount equal to the (i) Minimum Monthly Interest minus (ii) the aggregate amount of all interest earned by Bank (exclusive of any unused line fees, or any other fees and charges hereunder) in such month. Notwithstanding the foregoing, no amount shall be due and payable by Borrower pursuant to this Section 2.3(h) during any calendar month in which Bank determines, in its sole discretion, that Borrower has maintained greater than or equal to Four Million Dollars ($4,000,000.00) in unrestricted cash in an operating account with Bank at all times during such calendar month,”
Minimum Monthly Interest. In the event the aggregate amount of interest earned by Bank in any month on the Revolving Line (exclusive of any other fees and charges hereunder) is less than Seven Thousand Dollars ($7,000) (the “Minimum Monthly Interest”), Borrowers shall pay Bank an amount, payable on the last day of such month, in an amount equal to the (i) Minimum Monthly Interest minus (ii) the aggregate amount of all interest earned by Bank (exclusive of any other fees and charges hereunder) in such month.
Minimum Monthly Interest. Within ten days after each Month End, Borrowers shall pay to Lender the Minimum Monthly Interest for the Monthly Period ending on such Month End.
Minimum Monthly Interest. An amount equal to the interest that would have accrued had the daily aggregate outstanding balance of all Loans been equal to forty percent (40%) of the Maximum Dollar Amount.
Minimum Monthly Interest. Omitted.
Minimum Monthly Interest. Any amount by which the interest earned in any month is less than the Minimum Monthly Income, shall be paid on the first day of the following month.
Minimum Monthly Interest. 3 Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . 3
