Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances shall bear interest at an annual rate equal to two percent (2%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 5 contracts
Samples: Security Agreement (Riviera Tool Co), Security Agreement (Greenman Technologies Inc), Security Agreement (Digital Lifestyles Group Inc)
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "“Overadvance"”), all such Overadvances shall bear interest at an annual rate equal to two percent (2%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 3 contracts
Samples: Security Agreement (Comc Inc), Security Agreement (Digital Lifestyles Group Inc), Security Agreement (Conversion Services International Inc)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount amounts permitted by Section 2 (each such event, an "OveradvanceOveradvances"), in the event an Overadvance occurs all such Overadvances shall bear interest at an annual rate equal to two five percent (25%) in excess of the amount of such Overadvances then applicable Contract Amount for each month or portion thereof as such amounts shall be outstanding and in excess of the Formula Amountoutstanding.
Appears in 3 contracts
Samples: Security Agreement (Digital Angel Corp), Security Agreement (Digital Angel Corp), Security Agreement (Digital Angel Corp)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Revolving Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances shall bear interest at an annual rate equal to two percent (2%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 2 contracts
Samples: Security Agreement (Return on Investment Corp), Security Agreement (Hesperia Holding Inc)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances shall bear interest at an annual rate equal to two one and one-half percent (21.50%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount. Such interest rate shall not exceed the Maximum Legal Rate.
Appears in 2 contracts
Samples: Security Agreement (Creative Vistas Inc), Security Agreement (Creative Vistas Inc)
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "“Overadvance"”), all such Overadvances shall bear interest at an annual a rate equal to two percent (2%) of per month on the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula AmountOveradvances.
Appears in 2 contracts
Samples: Security Agreement (Dynamic Health Products Inc), Security Agreement (House of Brussels Chocolates Inc)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount amounts permitted by Section 2 (each such event, an "OveradvanceOveradvances"), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to two one percent (21%) of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding and in excess of the Formula Amountoutstanding.
Appears in 2 contracts
Samples: Security Agreement (Home Solutions of America Inc), Security Agreement (Gvi Security Solutions Inc)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount amounts permitted by Section 2 (each such event, an "OveradvanceOveradvances"), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to two percent (2%) of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding and in excess of the Formula Amountoutstanding.
Appears in 2 contracts
Samples: Security Agreement (Ventures National Inc), Security Agreement (Global Payment Technologies Inc)
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "“Overadvance"”), all such Overadvances shall bear interest at an annual rate equal to two the Contract Rate plus five percent (25%) of the amount of such Overadvances for each month or portion thereof at all times such amounts shall be outstanding and in excess of the Formula Amount, and such amounts shall be due on the first business day of each month.
Appears in 1 contract
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances Overadvances, including the Initial Overadvance, shall bear interest at an annual rate equal to two percent (2%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 1 contract
Samples: Security and Purchase Agreement (Reliant Home Warranty Corp)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance")) and provided that such Overadvacne does not constitute an Event of Default, all such Overadvances shall bear interest at an annual rate equal to two one and one half percent (21.5%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 1 contract
Samples: Security Agreement (DSL Net Inc)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances shall bear interest at an annual rate equal to two one percent (21%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 1 contract
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the Formula Amount (each such event, an "Overadvance"), all such Overadvances shall bear interest at an annual rate equal to two one percent (21.0%) of the amount of such Overadvances for each month or portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 1 contract
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event (x) the Loans exceed the Formula Amount (each such event, an "“Overadvance")”) without the written consent of Laurus, all such Overadvances shall bear additional interest at an annual a rate equal to two percent (2%) of the amount of such Overadvances 1.0% per annum for each month or portion thereof all times such amounts shall be outstanding and in excess of the Formula Amount.Amount and
Appears in 1 contract
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Revolving Loans exceed the Formula Amount (each such event, an "“Overadvance"”), all such Overadvances shall bear interest at an annual rate equal to two one percent (21%) of the amount of such Overadvances for each month or pro-rated portion thereof such amounts shall be outstanding and in excess of the Formula Amount.
Appears in 1 contract
Samples: Security and Purchase Agreement (Maxim Mortgage Corp/)
