Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("Overadvances"), in the event an Overadvance occurs all such Overadvances shall bear interest at an annual rate equal to five percent (5%) in excess of the then applicable Contract Amount for each month or portion thereof as such amounts shall be outstanding.
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 Loans exceed the amounts permitted by Section 2 ("Overadvances"), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to five two percent (52%) in excess of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
Appears in 2 contracts
Samples: Security Agreement (Global Payment Technologies Inc), Loan Agreement (Ventures National Inc)
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("Overadvances"), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to five one percent (51%) in excess of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
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 amounts permitted by Section 2 ("Overadvances"), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual a monthly rate equal to five percent (5%) in excess 1.5% of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
Appears in 1 contract
Samples: Security Agreement (Elinear Inc)
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("“Overadvances"”), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to five six percent (56%) in excess of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
Appears in 1 contract
Samples: Security Agreement (Micro Component Technology Inc)
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("“Overadvances"”), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual a monthly rate equal to five percent (5%) in excess 1.5% of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
Appears in 1 contract
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("“Overadvances"”), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to five one percent (51%) in excess of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
Appears in 1 contract
Overadvance Payment. Without affecting Laurus' rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("Overadvances"), in the event an Overadvance occurs or is made by Laurus, all such Overadvances shall bear interest at an annual rate equal to five percent (5%) in excess of the then applicable Contract Amount amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.
Appears in 1 contract
Samples: Security Agreement (Inyx Inc)
Overadvance Payment. Without affecting Laurus' ’ rights hereunder in the event the Loans exceed the amounts permitted by Section 2 ("“Overadvances"”), in the event an Overadvance occurs all such Overadvances shall bear interest at an annual rate equal to five percent (5%) in excess of the then applicable Contract Amount for each month or portion thereof as such amounts shall be outstanding.
Appears in 1 contract
