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 on the Revolving Credit Maturity Date and each Advance from time to time outstanding thereunder shall bear interest as provided in the Revolving Credit Note. The amount and date of each Advance, 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.

Appears in 2 contracts

Samples: Credit Agreement (Greektown Superholdings, Inc.), Credit Agreement

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Accrual of Interest and Maturity. The Revolving Credit Note and all principal and interest outstanding thereunder thereunder, shall mature on the Revolving Credit Maturity Date Date. Interest on each advance hereunder shall accrue and each Advance from time to time outstanding thereunder shall bear interest be payable as provided in the Revolving Credit Note. The amount and date of each Advance, as provided in the Revolving Credit Note 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.

Appears in 2 contracts

Samples: Credit Agreement (Brooklyn Cheesecake & Desert Com), Credit Agreement (Brooklyn Cheesecake & Desert Com)

Accrual of Interest and Maturity. The Revolving Credit Note and all principal and interest outstanding thereunder thereunder, shall mature on the Revolving Credit Maturity Date Date. Interest on each advance hereunder shall accrue and each Advance from time to time outstanding thereunder shall bear interest be payable as provided in the Revolving Credit Note. The amount and date of each Advance, as provided in the Revolving Credit Note 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.. 3.3

Appears in 1 contract

Samples: Credit Agreement

Accrual of Interest and Maturity. The Revolving Credit Note Notes, and all principal and interest outstanding thereunder thereunder, shall mature and become due and payable in full on the Revolving Credit Maturity Date Date, and each Advance of Indebtedness evidenced by the Revolving Credit Notes from time to time outstanding thereunder shall bear interest as provided in hereunder shall, from and after the Revolving Credit Note. The amount and date of each such Advance, 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.bear interest

Appears in 1 contract

Samples: Credit Agreement (Credit Acceptance Corporation)

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Accrual of Interest and Maturity. The Revolving Credit Note Note, and all principal and interest outstanding thereunder thereunder, shall mature on the Revolving Credit Maturity Date and each Advance from time to time outstanding thereunder shall bear interest as provided in the Revolving Credit Noteat its Applicable Interest Rate. The amount and date of each Advance, its Applicable Interest Rate, its Interest Period, if applicable, 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.

Appears in 1 contract

Samples: Credit Agreement (Interactive Health, Inc.)

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