Common use of Minimum Monthly Charge Clause in Contracts

Minimum Monthly Charge. Notwithstanding the principal amount of the debit balance of the Loan Account Ledger, and in addition to fees or charges for items other than interest described herein, Debtor agrees to pay Lender, as of the first day of the next succeeding month, at least $ 4,000.00 per calendar month for every calendar month during the scheduled term of this Agreement including any renewal terms, as stated in Section 9. TERMINATION hereof (but discounted in the event of an earlier termination of this Agreement as requested by Debtor), which monthly amount shall be reduced by any interest paid to Lender for such month only, and not reduced by the cumulative interest paid to Lender during the term of this Agreement (hereinafter "MINIMUM MONTHLY CHARGE"). * Lender may debit as principal any unpaid portion of such charge to Debtor's Loan Account Ledger. Such Minimum Monthly Charge shall constitute, among other things, partial compensation for Lender's benefit of its bargain, including, without limitation, loss of future interest income to Lender if this Agreement were to be terminated by Debtor before the end of that term set forth in Section 9. TERMINATION below, and partial remuneration of Lender's fixed costs associated with Lender's business (which costs may be amortized during the full term of this Agreement), Unless otherwise specifically expressed in writing, only one Minimum Monthly Charge applies to all Obligations and agreements between Debtor. Debtor's affiliated companies (where applicable) and Lender *EXCEPT THAT NO MINIMUM MONTHLY CHARGE SHALL BE PAYABLE BY DEBTOR DURING THE FIRST SIX (6) MONTHS OF THIS AGREEMENT.

Minimum Monthly Charge. Notwithstanding the principal amount of the debit balance of the Loan Account Ledger, and in addition to fees or charges for items other than interest described herein, Debtor agrees to pay Lender, as of the first day of the next succeeding month, at least $ 4,000.00 $25,000.00* per calendar month for every calendar month during the scheduled term of this Agreement including any renewal terms, as stated in Section 9. TERMINATION hereof (but discounted in the event of an earlier termination of this Agreement as requested by Debtor), which monthly amount shall be reduced by any interest paid to Lender for such month only, and not reduced by the cumulative interest paid to Lender during the term of this Agreement (hereinafter "MINIMUM MONTHLY CHARGEMinimum Monthly Charge"). * Lender may debit as principal any unpaid portion of such charge to Debtor's Loan Account Ledger. Such Minimum Monthly Charge shall constitute, among other things, partial compensation for Lender's benefit of its bargain, including, without limitation, loss of future interest income to Lender if this Agreement were to be terminated by Debtor before the end of that term set forth in Section 9. TERMINATION below, and partial remuneration of Lender's fixed costs associated with Lender's business (which costs may be amortized during the full term of this Agreement), . Unless otherwise specifically expressed in writing, only one Minimum Monthly Charge applies to all Obligations and agreements between Debtor. , Debtor's affiliated companies (where applicable) and Lender *EXCEPT THAT NO MINIMUM MONTHLY CHARGE SHALL BE PAYABLE BY DEBTOR DURING THE FIRST SIX Lender. * (6) MONTHS OF THIS AGREEMENT.combined limit with Featherlite Credit Corporation)