Minimum Monthly Payments. Borrower will pay CNB a monthly fee from the date hereof until the next Termination Date, whether or not the Obligations have been repaid, equal to $1,000.00 less the amount of interest paid by Borrower for Revolving Credit Loans for such month.
Appears in 2 contracts
Sources: Accounts Receivable Loan Agreement (Emergent Information Technologies Inc), Loan Agreement (Athanor Group Inc)
Minimum Monthly Payments. Borrower will pay CNB a monthly fee from the date hereof until the next Termination Date, whether or not the Obligations have been repaid, equal to $1,000.00 2,000.00 less the amount of interest paid by Borrower for Revolving Credit Loans for such month.
Appears in 1 contract
Sources: Accounts Receivable and Inventory Loan Agreement (Signature Eyewear Inc)