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

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) (i) The Borrowers hereby unconditionally promise to pay to the Administrative Agent for the account of each Term Loan Lender such Lender’s Term Loan Percentage of the then unpaid aggregate principal amount of the Term Loan outstanding on the Term Loan Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the Term Loan shall, from the Effective Date (until paid), bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any principal reductions of the Term Loan.

Appears in 1 contract

Samples: Revolving and Term Loan Credit Agreement (American Midstream Partners, LP)

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Accrual of Interest and Maturity; Evidence of Indebtedness. (a) (i) The Borrowers Each Borrower hereby unconditionally promise promises to pay to the Administrative Agent for the account of each Term Loan Lender Bank such LenderBank’s Term Loan Percentage of the then unpaid aggregate principal amount of the Term Loan outstanding on the Term Loan Maturity Date and Date, and, on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding from time to time under the Term Loan shall, from the Effective Date (until paid), ) bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any principal reductions of the Term Loan.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Staktek Holdings Inc)

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) (i) The Borrowers Borrower hereby unconditionally promise promises to pay to the Administrative Agent for the account of each Term Loan B Lender such Lender’s Term Loan Percentage of the then unpaid aggregate principal amount of the Term Loan B outstanding on the Term Loan B Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the Term Loan B shall, from the Second Amendment Effective Date (until paid), bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any principal reductions of the Term Loan.Loan B.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Universal Truckload Services, Inc.)

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) (i) The Borrowers hereby unconditionally promise to pay to the Administrative Agent for the account of each Term Loan A Lender such Lender’s Term Loan A Percentage of the then unpaid aggregate principal amount of the Term Loan A outstanding on the Term Loan A Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the Term Loan A shall, from the Effective Date (until paid), bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any principal reductions of the Term Loan.Loan A.

Appears in 1 contract

Samples: Term Loan Agreement (RetailMeNot, Inc.)

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Accrual of Interest and Maturity; Evidence of Indebtedness. (a) (i) The Borrowers Company hereby unconditionally promise promises to pay to the Administrative Agent for the account of each Term Loan Lender such Lender’s Term Loan Percentage of the then unpaid aggregate principal amount of the Term Loan outstanding on the Term Loan Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the Term Loan shall, from the Effective Date date such Term Loan Advance is made (until paid), bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any principal reductions of the Term Loan.

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

Accrual of Interest and Maturity; Evidence of Indebtedness. (a) (i) The Borrowers Borrower hereby unconditionally promise promises to pay to the Administrative Agent for the account of each Term Loan Lender such Lender’s Term Loan Percentage of the then unpaid aggregate principal amount of the Term Loan outstanding on the Term Loan Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the Term Loan shall, from the Effective Date (until paid), bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any principal reductions of the Term Loan.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Neophotonics Corp)

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