Frequency Interest Payment Dates Sample Clauses
The 'Frequency Interest Payment Dates' clause defines how often and on which specific dates interest payments are to be made under a financial agreement. Typically, this clause will specify whether interest is paid monthly, quarterly, semi-annually, or annually, and may list the exact calendar dates when payments are due. By clearly outlining the timing and regularity of interest payments, this clause ensures both parties have a mutual understanding of payment expectations, reducing the risk of missed payments or disputes over payment schedules.
Frequency Interest Payment Dates. Monthly Fifteenth day of each calendar month, beginning in the first calendar month following the month this Note was issued. Quarterly Fifteenth day of every third calendar month, beginning in the third calendar month following the month this Note was issued. Semi-annual Fifteenth day of every sixth calendar month, beginning in the sixth calendar month following the month this Note was issued. Annual Fifteenth day of every twelfth calendar month, beginning in the twelfth calendar month following the month this Note was issued.