Unused Line Payment. If, for any month, the average outstanding Loans (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.5%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Appears in 2 contracts
Samples: Security Agreement (Ventures National Inc), Security Agreement (Inyx Inc)
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.50.50%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 2 contracts
Samples: Security Agreement (Creative Vistas Inc), Security Agreement (Creative Vistas Inc)
Unused Line Payment. If, for during any calendar month, the average of the aggregate Loans outstanding Loans during such month (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to three-tenths of one half percent (0.50.30%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.50.35%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Samples: Security Agreement (Conversion Services International Inc)
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half quarter percent (0.50.25%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "Average Loan Amount") do does not equal the Capital Availability Amount, Company the Companies shall jointly and severally pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one one-half percent (0.50.25%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for during any calendar month, the average of the aggregate Loans outstanding Loans during such month (the "“Average Loan Amount"”) do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to three-tenths of one half percent (0.50.30%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "“Average Loan Amount"”) do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.50.50%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Samples: Security Agreement (Comc Inc)
Unused Line Payment. If, for any month, the average outstanding Loans (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to three hundred and seventy five one half hundredths of one percent (0.50.375%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Samples: Security Agreement (Global Payment Technologies Inc)
Unused Line Payment. If, for any month, the average outstanding Loans (the "“Average Loan Amount"”) do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent twenty basis points (0.50.2%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Samples: Security Agreement (Micro Component Technology Inc)
Unused Line Payment. If, for any month, the average outstanding Loans (the "Average the"Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to a rate of one half percent (0.5%) per annum of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for any month, the average outstanding Loans (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.5%) 0.375% of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "“Average Loan Amount"”) do does not equal the Capital Availability Total Investment Amount, Company and the Eligible Subsidiaries shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half quarter percent (0.50.25%) of the amount by which the Capital Availability Total Investment Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Samples: Security and Purchase Agreement (Maxim Mortgage Corp/)
Unused Line Payment. If, for during any month, the average of the aggregate Loans outstanding Loans during such month (the "Average Loan Amount") do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent thirty five basis points (0.50.35%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any such due and unpaid fee shall be come immediately due and payable upon termination of this Agreement.
Appears in 1 contract
Unused Line Payment. If, for any month, the average outstanding Loans (the "“Average Loan Amount"”) do not equal the Capital Availability Amount, Company shall pay to Laurus at the end of such month a payment (calculated on a per annum basis) in an amount equal to one half percent (0.5%) of the amount by which the Capital Availability Amount exceeds the Average Loan Amount. Notwithstanding the foregoing, any unpaid fee shall be immediately due and payable upon termination of this Agreement.
Appears in 1 contract