Common use of Accrual of Interest and Maturity Clause in Contracts

Accrual of Interest and Maturity. The Revolving Credit Note, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Date, and each Advance evidenced by the Revolving Credit Note from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (if any), and the amount and date of any repayment shall be noted on Bank's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank to record any such information shall not relieve Borrower of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 6 contracts

Samples: Credit Agreement (National Beverage Corp), Credit Agreement (National Beverage Corp), Joinder Agreement (National Beverage Corp)

AutoNDA by SimpleDocs

Accrual of Interest and Maturity. The Revolving Credit NoteNotes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Revolving Credit Maturity Date, and each Advance of Indebtedness evidenced by the Revolving Credit Note Notes from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (Period, if any), and the amount and date of any repayment shall be noted on BankAgent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank Agent to record any such information shall not relieve Borrower the Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Credit Acceptance Corporation), Credit Agreement (Credit Acceptance Corporation), Credit Agreement (Credit Acceptance Corporation)

Accrual of Interest and Maturity. The Revolving Credit NoteTerm Notes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Term Loan Maturity Date, and each Advance of Indebtedness evidenced by the Revolving Credit Note Term Notes from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (Period, if any), and the amount and date of any repayment shall be noted on BankAgent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank Agent to record any such information shall not relieve Borrower the Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Credit Acceptance Corporation), Credit Agreement (Credit Acceptance Corporation)

Accrual of Interest and Maturity. The Revolving Credit NoteNotes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Revolving Credit Maturity Date, and each Advance evidenced by the Revolving Credit Note Notes from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (if any)Period, and the amount and date of any repayment shall be noted on BankAgent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank Agent to record any such information shall not relieve Borrower Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (North Pointe Holdings Corp), Credit Agreement (North Pointe Holdings Corp)

Accrual of Interest and Maturity. (a) The Revolving Credit NoteNotes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Revolving Credit Maturity Date, and each Advance evidenced by the Revolving Credit Note Notes from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (if any), and the amount and date of any repayment shall be noted on BankAgent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank Agent to record any such information shall not relieve Borrower Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Valassis Communications Inc)

Accrual of Interest and Maturity. The Revolving Credit NoteNotes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Revolving Credit Maturity Date, and each Advance evidenced by the Revolving Credit Note Notes from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (if any)Period, and the amount and date of any repayment shall 30 be noted on BankAgent's records, which records will be conclusive evidence thereof, absent manifest errordemonstrable error in computation; provided, however, that any failure by the Bank Agent to record any such information shall not relieve Borrower Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Mce Companies Inc)

AutoNDA by SimpleDocs

Accrual of Interest and Maturity. The Revolving Line of Credit NoteNotes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Line of Credit Maturity Date, and each Advance of Indebtedness evidenced by the Revolving Line of Credit Note Notes from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (Period, if any), and the amount and date of any repayment shall be noted on BankAgent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank Agent to record any such information shall not relieve the Company or any applicable Permitted Borrower of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Credit Acceptance Corporation)

Accrual of Interest and Maturity. The Revolving Credit Note, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Date, and each Advance evidenced by the Revolving Credit Note from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (if any), and the amount and date of any repayment shall be noted on Bank's ’s records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank to record any such information shall not relieve Borrower of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (National Beverage Corp)

Accrual of Interest and Maturity. (a) The Revolving Line of Credit NoteNotes, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Line of Credit Maturity Date, and each Line of Credit Advance evidenced by the Revolving Line of Credit Note from time to time outstanding hereunder shall, from and after the date of such Line of Credit Advance, bear interest at its Applicable Interest Rateapplicable interest rate. The amount and date of each Revolving Line of Credit Advance, its Applicable Interest Rate, its Interest Period (if any)applicable interest rate, and the amount and date of any repayment shall be noted on BankAgent's records, which records will would be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank agent to record any such information shall not relieve Borrower Company of its obligation to repay the outstanding principal amount of such Line of Credit Advance, all interest accrued incurred thereon and any in amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Jpe Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.