Common use of Overadvance Payment Clause in Contracts

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 one percent (1%) of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.

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 one five percent (15%) in excess of the amount of such Overadvances then applicable Contract Amount for each month or portion thereof as such amounts shall be outstanding.

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 one six percent (16%) of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.

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 one percent (1%) 1.5% of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.

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 one five percent (15%) of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.

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 one percent (1%) 1.5% of the amount of such Overadvances for each month or portion thereof as such amounts shall be outstanding.