Common use of Fixed Rate Tranches Clause in Contracts

Fixed Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate semi-annually in arrears on the relevant Payment Dates as specified in the Disbursement Offer, commencing on the first such Payment Date following the Disbursement Date of the Tranche. If the period from the Disbursement Date to the first Payment Date is 30 (thirty) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. Interest shall be calculated on the basis of Article 5.01(a).‌

Appears in 1 contract

Samples: Finance Contract

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Fixed Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate quarterly, semi-annually or annually in arrears on the relevant Payment Dates as specified in the Disbursement Offer, commencing on the first such Payment Date following the Disbursement Date of the Tranche. If the period from the Disbursement Date to the first Payment Date is 30 (thirty) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. Interest shall be calculated on the basis of Article 5.01(a).‌5.01(a).

Appears in 1 contract

Samples: Finance Contract

Fixed Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate quarterly or semi-annually in arrears arrear on the relevant Payment Dates as specified in the Disbursement Offer, commencing on the first such Payment Date following the Disbursement Date of the Tranche. If the period from the Disbursement Date to the first Payment Date is 30 15 (thirtyfifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. Interest shall be calculated on the basis of Article 5.01(a).‌5.1(uuu).

Appears in 1 contract

Samples: Finance Contract

Fixed Rate Tranches. The Borrower shall pay interest on the outstanding balance of each the Fixed Rate Tranche at the Fixed Rate semi-annually in arrears on the relevant Payment Dates as specified in the Disbursement Offer, commencing and calculated on the first such Payment Date following the Disbursement Date basis of the TrancheArticle 6.1 (Day count convention). If the period from the Disbursement Date to the first Payment Date is 30 15 (thirtyfifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. Interest shall be calculated on the basis of Article 5.01(a).‌.

Appears in 1 contract

Samples: Finance Contract (Immunic, Inc.)

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Fixed Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Tranche A, Tranche B and Tranche C at the respective Fixed Rate Tranche at the Fixed Rate semi-annually in arrears on the relevant Payment Dates as specified in the Disbursement Offer, commencing and calculated on the first such Payment Date following the Disbursement Date basis of the TrancheArticle 6.1 (Day count convention). If the period from the Disbursement Date to the first Payment Date is 30 15 (thirtyfifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. Interest shall be calculated on the basis of Article 5.01(a).‌.

Appears in 1 contract

Samples: Finance Contract (Evaxion Biotech a/S)

Fixed Rate Tranches. The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate quarterly, semi-annually or annually in arrears arrear on the relevant Payment Dates as specified in the Disbursement Offer, commencing and calculated on the first such Payment Date following the Disbursement Date basis of the TrancheArticle 6.1 (Day count convention). If the period from the Disbursement Date to the first Payment Date is 30 15 (thirtyfifteen) days or less then the payment of interest accrued during such period shall be postponed to the following Payment Date. Interest shall be calculated on the basis of Article 5.01(a).‌.

Appears in 1 contract

Samples: Finance Contract (Brenmiller Energy Ltd.)

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