Common use of Accrual of Interest and Maturity; Evidence of Indebtedness Clause in Contracts

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) Subject to Section 14.22 hereof, each Revolving Borrower hereby unconditionally promises to pay to the Agent for the account of each Revolving Credit Bank the then unpaid principal amount of each Revolving Credit Advance (plus all accrued and unpaid interest) of such Bank to such Borrower on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Autocam Corp/Mi), Autocam Corp/Mi

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Accrual of Interest and Maturity; Evidence of Indebtedness. (a) Subject to Section 14.22 hereof, each Revolving Each Borrower hereby unconditionally promises to pay to the Agent for the account of each Revolving Credit Bank the then unpaid principal amount of each Revolving Credit Advance (plus all accrued and unpaid interest) of such Revolving Credit Bank to such Borrower the Borrowers on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (MSC Software Corp)

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) Subject to Section 14.22 hereof, each Revolving Borrower The Borrowers hereby unconditionally promises promise to pay to the Agent for the account of each Revolving Acquisition Credit Bank Lender the then unpaid principal amount of each Revolving Acquisition Credit Advance (plus all accrued and unpaid interest) of such Bank Acquisition Credit Lender to such Borrower the Borrowers on the Revolving Acquisition Credit Maturity Date applicable to such Acquisition Credit Advance and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (National Technical Systems Inc /Ca/)

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) Subject to Section 14.22 hereof, each Revolving Each Borrower hereby unconditionally promises to pay to the Agent Agent, for the account of each Revolving Credit Bank Lender (being hereby directed to do so by each such Lender), the then unpaid principal amount of each Revolving Credit Advance (plus all accrued and unpaid interest) of such Bank Revolving Credit Lender to such Borrower on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Capital Automotive Reit)

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Accrual of Interest and Maturity; Evidence of Indebtedness. (a) Subject to Section 14.22 hereof, each Revolving Each Borrower hereby unconditionally promises to pay to the Agent for the account of each Revolving Credit Bank Lender the then unpaid principal amount of each Revolving Credit Advance (plus all accrued and unpaid interest) of such Bank Lender to such Borrower on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Plastipak Holdings Inc)

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