Common use of Minimum Interest Rate Clause in Contracts

Minimum Interest Rate. Notwithstanding the foregoing, in no --------------------- event shall the per annum rate of interest on any Revolving Credit Loan be less than five percent (5.0%). Interest in all cases shall be calculated on a daily basis (computed on the actual number of days elapsed over a year of 360 days), commencing on the date hereof.

Minimum Interest Rate. Notwithstanding the foregoing, in no --------------------- event shall the per annum rate of interest on any Revolving Credit Loan be less than five percent (5.0%). Interest in all cases shall be calculated on a daily basis (computed on the actual number of days elapsed over a year of 360 days), commencing on the date hereof.

Minimum Interest Rate. Notwithstanding the foregoing, --------------------- in no --------------------- event shall the per annum rate of interest on any Revolving Credit Loan be less than five six percent (5.06.0%). Interest in all cases shall be calculated on a daily basis (computed on the actual number of days elapsed over a year of 360 days), commencing on the date hereof.