Covenant to pay Interest Sample Clauses

Covenant to pay Interest. The Mortgagor will In the meantime pay to the Mortgagees interest on the said amount of Rs... at the rate of... per cent per annum from the date hereof by monthly rests, the first of such payment to be made on the ... day of ... next and the subsequent payments to be made regularly at the expiration of each month and will also pay thereafter, in case and so long as the said principal sum of Rs... or any part thereof shall remain unpaid to the Mortgagees, interest on the same or for so much thereof as shall for the time being remain unpaid at the rate of ... per cent per annum by monthly rests on the ... day of each and every month in the manner aforesaid.

Covenant to pay Interest. The Company covenants with the Trustee that it shall pay the Interest on the Debentures to the Debenture Holders in accordance with the Terms and Conditions.

Covenant to pay Interest. On each Payment Date, the Issuer shall pay or cause to be paid to the applicable Class of Noteholders, interest in an amount equal to the Class A-1 Note Interest, Class A-2 Note Interest, Class A-3-A Note Interest, Class A-3-B Note Interest, Class A-4-A Note Interest and Class A-4-B Note Interest, as the case may be.

Covenant to pay Interest. On each Payment Date, the Owner Trustee shall pay or cause to be paid to the applicable Class of Class A Noteholders, interest in an amount equal to the Class A-1 Note Interest, Class A-2 Note Interest, Class A-3-A Note Interest, Class A-3-B Note Interest and Class A-4 Note Interest, as the case may be.

Covenant to pay Interest. The Company must pay interest on the daily balance of each Drawing: (a) from and including its Drawdown Date until the Drawing is repaid in full; (b) at the Prescribed Rate (subject to clause 5.2 below); and (c) quarterly in arrears on each Interest Payment Date. Interest will accrue from day to day, and is to be calculated on the basis of a 365 day year (366 days in a leap year). Cash Advance Facility Agreement HXXXX XXXXX YORK 5.2 Interest in absence of default If the Company pays to the Financier the amount due under clause 5.1 for a particular Drawing on the Interest Payment Date for that amount and no Event of Default or Potential Event of Default has occurred, then the Financier will, notwithstanding clause 5.1, accept interest for that Drawing at the Interest Rate.

Covenant to pay Interest. The Company covenants with the Trustee to pay to the Trustee for the benefit of Bondholders interest on the unpaid principal amount of each Bond at a rate per annum equal to the Initial Interest Rate until March 31, 2014, thereafter, interest shall be equal to the then applicable Interest Rate, for each day during each Interest Period. On each Interest Setting Date, the Interest Rate applicable as at such date shall be determined and interest shall be calculated at that rate for the relevant Interest Period. Accrued interest shall be payable in arrears on each Interest Payment Date.

Covenant to pay Interest. 6.1. The Mortgagor will in the meantime pay to the Mortgagee, ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ 0000 ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [%] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . 6.2. The first of such payment ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ][ ■ ■ ■ ■ ]. ■ ■ .

Covenant to pay Interest. (a) During each Interest Period, the outstanding Nominal Value of each Debenture shall bear interest at the Interest Rate for that Interest Period payable on the each Interest Payment Date. (b) Interest on the outstanding Nominal Value of each Debenture shall accrue from day to day, and be prorated on the basis of a 365 / 366 day year (as the case may be) for the actual number of days in the relevant Interest Period and shall be be payable in arrears on the Interest Payment Date immediately following the end of that Interest Period. The Company hereby acknowledges and agrees that there shall be no moratorium period for the payment of interest.