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Good Times Restaurants (GTIM)
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GTIM » Topics » 3.4 Interest .

This excerpt taken from the GTIM 8-K filed Dec 6, 2007.

3.4              Interest.

If any fee or other amount due by Owner to Manager or its Affiliates or designees under this Agreement is not paid within 14 days after such payment is due, Owner shall pay, in addition to the amount due, interest for each day the amount is past due and compounded monthly, at a rate equal to the lesser of (a) the daily equivalent of the prime rate (as published by the Wall Street Journal) plus 5%, or (b) the highest rate then permitted by Applicable Law; provided, however, no interest shall be payable on amounts owed by Owner to Manager which Manager is authorized to pay itself pursuant to the terms of this Agreement (provided that the Operating Account has sufficient funds to satisfy such amounts).

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