Compound interest. Any default interest arising on an Unpaid Sum or misused loan amount will be compounded with the Unpaid Sum or misused loan amount at the end of each Interest Period applicable to that Unpaid Sum or misused loan amount, and such Unpaid Sum or misused loan amount (including the default interest compounded thereto) shall (subject to any grace periods) be due and payable on the applicable Interest Payment Date.
Appears in 3 contracts
Samples: www.sec.gov, Syndicated Facility Agreement (Aleris Corp), Facility Agreement (Aleris Corp)
Compound interest. Any default interest arising on an Unpaid Sum or misused loan amount will be compounded with the Unpaid Sum or misused loan amount at the end of each Interest Period applicable to that Unpaid Sum or misused loan amount, and such Unpaid Sum or misused loan amount (including the default interest compounded thereto) shall be (subject to any grace periods) be due and payable on the applicable Interest Payment Date.
Appears in 3 contracts
Samples: Facility Agreement, Facility Agreement (Aleris Ohio Management, Inc.), Facility Agreement (Aleris Ohio Management, Inc.)
