Common use of BASIS AND PAYMENT DATES Clause in Contracts

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31, 1998) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 3 contracts

Samples: Employee Stock Ownership Trust Loan and Security Agreement (West Essex Bancorp Inc), Massachusetts Fincorp Inc, West Essex Bancorp Inc

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BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual quarterly basis on the last day of each March, June, September and December in each year (commencing December __________ 31, 19981999) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 365 days.

Appears in 2 contracts

Samples: First Bancorp of Indiana Inc, PFSB Bancorp Inc

BASIS AND PAYMENT DATES. All interest accruing due on the Note prior to ----------------------- maturity shall be due and payable on a an annual basis on the last day of each year (commencing December 31___________, 1998____) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing due after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 daysan annual basis.

Appears in 1 contract

Samples: Woronoco Bancorp Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual quarterly basis on the last day Business Day of each year calendar quarter (commencing December 31September 30, 19981997) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: GSB Financial Corp

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a an annual basis and on the last day of each December in each year (commencing December 31, 19981994) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 daysdays for the actual number of days elapsed.

Appears in 1 contract

Samples: Astoria Financial Corp

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31_____________, 19981997) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Bayonne Bancshares Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31, 1998) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Security of Pennsylvania Financial Corp

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31, 1998____________) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Northeast Pennsylvania Financial Corp

BASIS AND PAYMENT DATES. All interest accruing due on the Note prior to ----------------------- maturity shall be due and payable on a an annual basis on the last day of each year (commencing December 31____________, 1998200___) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing due after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 daysan annual basis.

Appears in 1 contract

Samples: Berkshire Hills Bancorp Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31___________, 1998199__) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: South Jersey Financial Corp Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31, 1998199__) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Virginia Capital Bancshares Inc

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BASIS AND PAYMENT DATES. All interest accruing on the Note prior ----------------------- to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31, 1998____________) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: First Lincoln Bancshares Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior ----------------------- to ----------------------- maturity shall be due and payable on a an annual basis on the last day of each year (commencing December 31, 1998______________) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Richmond Country Financial Corp

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a an annual basis on the last day Business Day of each year (commencing December 31____________, 1998199_) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: First Place Financial Corp /De/

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- ------------------------ maturity shall be due and payable on a annual quarterly basis on the last day of each March, June, September and December in each year (commencing December 31, 1998) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: Virginia Capital Bancshares Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31_________________, 1998) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.

Appears in 1 contract

Samples: First Source Bancorp Inc

BASIS AND PAYMENT DATES. All interest accruing on the Note prior to ----------------------- maturity shall be due and payable on a annual basis on the last day of each year (commencing December 31, 1998____________) and at maturity (unless prepaid in whole prior to such date, then on the date of such prepayment in whole) and interest accruing after maturity shall be due and payable upon demand. All interest on the Note shall be computed on the basis of a year of 360 days.of

Appears in 1 contract

Samples: Bay State Bancorp Inc

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