Basic Interest. Subject to Section 3.2.2, interest on the Obligations shall be payable monthly in arrears and shall be computed at the Interest Rate. All interest payable hereunder shall be due on the first day of each calendar month following the accrual thereof.
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Samples: Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (American Tonerserv Corp.)
Basic Interest. Subject to Section 3.2.23.2.3 hereof, interest on the Obligations shall be payable monthly monthly, in arrears and arrears, shall be computed at the Interest Rate. All interest payable hereunder Rate for the Revolving Credit Facility and on the Term Loan Interest Rate for the Term Loan, and shall be due on the first day of each calendar month following the accrual thereof.
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