Payment of Interest on the Notes. The parties to this Amendment hereby agree that, notwithstanding anything to the contrary contained in the Notes, any and all payments of interest on the Notes shall be made, at the option of the Company (and not of the Holder), in cash or in shares of Common Stock at the then applicable Conversion Price.
Payment of Interest on the Notes. Interest on each Eurodollar Advance shall be due and payable as it accrues on the last day of its respective Interest Period; provided that if any Interest Period is a period greater than three (3) months, then accrued interest shall also be due and payable on the date three (3) months after the commencement of such Interest Period. Interest on each Base Rate Advance shall be due and payable as it accrues on the last day of each February, May, August, and November, commencing on February 28, 1997, and on the Termination Date.
Payment of Interest on the Notes. (a) In the case of an Alternate Base Rate Loan, interest shall be payable at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal at all times to the Alternate Base Rate plus (i) in the case of Holdings, 200 basis points and (ii) in the case of Tower, 100 basis points. Such interest shall be payable on each Interest Payment Date, commencing with the first Interest Payment Date after the date of such Alternate Base Rate Loan, on each Interest Determination Date and on the Maturity Date. Any change in the rate of interest on a Revolving Credit Note due to a change in the Alternate Base Rate shall take effect as of the date of such change in the Alternate Base Rate.
Payment of Interest on the Notes. The Company acknowledges that until the Closing Date, interest will continue to accrue on the Notes at the rate of 10% per annum in accordance with the Note Purchase Agreement and will be payable as set forth therein.
Payment of Interest on the Notes. Interest upon the Notes shall be calculated at the end of each calendar month and shall be payable on the first business day of the next calendar month and at the Commitment Termination Date for all interest accrued and unpaid on such date.
Payment of Interest on the Notes
