Basic Interest. Subject to Section 3.2.1.3 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s loan account on the first Business Day of each month for interest accrued hereunder during the preceding month.
Appears in 3 contracts
Samples: Loan and Security Agreement (Jones Soda Co), Loan and Security Agreement (Jones Soda Co), Loan and Security Agreement (Synthetech Inc)
Basic Interest. Subject to Section 3.2.1.3 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s 's loan account on the first Business Day of each month for interest accrued hereunder during the preceding month.
Appears in 2 contracts
Samples: Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Synthetech Inc)
Basic Interest. Subject to Section 3.2.1.3 0 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s 's loan account on the first Business Day business day of each month for interest accrued hereunder during the preceding month.;
Appears in 1 contract
Basic Interest. Subject to Section 3.2.1.3 3.2.1.2 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s 's loan account on the first Business Day business day of each month for interest accrued hereunder during the preceding month.;
Appears in 1 contract
Basic Interest. Subject to Section 3.2.1.3 3.2.1.2 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s 's loan account on the first Business Day business day of each month for interest accrued hereunder on the Balance Subject to Interest during the preceding monthmonth at the Interest Rate.
Appears in 1 contract
Basic Interest. Subject to Section 3.2.1.3 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s 's loan account on the first Business Day business day of each month for interest accrued hereunder during the preceding month.
Appears in 1 contract
Samples: Loan and Security Agreement (3do Co)
