Common use of Minimum Monthly Charge Clause in Contracts

Minimum Monthly Charge. 3.3.10.1 For any full calendar month in which the sum of (i) interest and (ii) the Administrative Fee earned by Lender is less than the Minimum Monthly Charge, Lender will debit the difference to the Obligations as of the first day of the following calendar month, until the date on which all Obligations have been repaid (whether or not this Agreement has theretofore been terminated). 3.3.10.2 In the event that this Agreement begins on other than the first day of a calendar month or that the Obligations are fully repaid on other than the last day of a calendar month, the preceding section shall apply pro rata to such month.

Minimum Monthly Charge. 3.3.10.1 For any full calendar month in which the sum of (i) interest and (ii) the A/R Administrative Fee earned by Lender is less than the Minimum Monthly Charge, Lender will debit the difference to the Obligations as of the first day of the following calendar month, until the date on which all Obligations have been repaid paid (whether or not this Agreement has theretofore been terminated). 3.3.10.2 In the event that this Agreement begins on other than the first day of a calendar month or that the Obligations are fully repaid paid on other than the last day of a calendar month, the preceding section shall apply pro rata to such month.