Interest and Interest Payments. Each Security shall bear interest from and commencing on its Issue Date at such rate of interest as the Company shall determine from time to time, which rate may vary from Holder to Holder depending upon the aggregate principal amount of Securities held by such Holder and all immediate family members, as set forth in the Prospectus; provided, however, that the interest rate of each Security will be fixed for the term of such Security upon issuance, subject to change upon the renewal of the Security at maturity. Interest on the Securities will compound daily based on a calendar year consisting of 365 days and the Holder thereof may elect to have interest paid monthly, quarterly, semi-annually, annually, or upon maturity, which payments shall be made on the Payment Date, except that a Holder who elects monthly payments may select the day of the month on which to receive interest payments; provided that no interest shall be paid to a Holder until the expiration of the Holder’s rescission right under Section 2.2(b) and, if the monthly interest payment date selected by the Holder is within five Business Days of the Issue Date of the Security, the first interest payment will be made in the following month and will include all of the interest earned since the Issue Date. If the Holder does not elect an interest payment option, interest will be paid on the Maturity Date of the Note. A Holder may change this election once during the term of the Security, subject to the Company’s approval, which change shall be effective by the first Business Day following the 45th day after receipt of written notice from the Holder requesting such change.
Interest and Interest Payments. 3.1 The Loan Amount shall bear interest at the Interest Rate from the Interest Date up to an including the Maturity Date, or such earlier date on which the Loan Amount has been repaid in full.
Interest and Interest Payments. The outstanding principal under this Note will bear interest at the rate of 9% per annum. Interest is payable in monthly installments equal to accrued interest, with the first installment due on or before May 1, 1996, and each subsequent installment due on or before the first day of each month thereafter. PRINCIPAL PAYMENTS. Maker will pay the principal on the Note on the earlier of (a) receipt of the proceeds of the capital investment in Maker committed by Lender or its affiliates or (b) September 30, 1996.
Interest and Interest Payments. Each Security shall bear interest from and commencing on its Issue Date at such rate of interest as the Company shall determine from time to time, which rate may vary from Holder to Holder depending upon the aggregate principal amount of Securities held by such Holder and any immediate family members, as set forth in the Prospectus. However, no interest shall be paid to a Holder until the expiration of the Holder’s rescission right under Section 2.2(c). The interest rate of each Security will be fixed for the term of such Security upon issuance, subject to change upon the renewal of the Security at maturity. Interest on the Securities will compound daily on the basis of a calendar year consisting of 365 days. The Holder of the Security may elect to have interest paid monthly, quarterly, semi-annually, annually or upon maturity. Payments of interest shall be made on the Payment Date, except that a Holder who elects monthly payments may select the day of the month on which to receive interest payments, subject to the Company’s approval. If a Holder of the Security elects to have interest paid monthly and the day of the month on which interest is to be paid is within five Business Days of the Payment Date, the first interest payment will be paid the following month and will include all of the interest earned since the Issue Date. A Holder may change the Payment Date, if interest is paid monthly, or the payment period for each Security once during the term of the Security, subject to the Company’s approval. Such change in the Payment Date or payment period shall be effective the first Business Day following the forty-fifth (45th) day after receipt of a written notice from the Holder requesting such change
Interest and Interest Payments. The relevant Borrower shall pay interest to the Banks on the unpaid principal amount of each Loan, for the period commencing on the date such Loan is made until such Loan is paid in full, on each Interest Payment Date and at maturity (whether at stated maturity, by acceleration or otherwise), and thereafter on demand, at, with respect to each Eurodollar Loan, the applicable Eurodollar Rate for the related Eurodollar Interest Period, and, with respect to each Floating Rate Loan, the Floating Rate. Notwithstanding the foregoing, the Borrowers shall pay interest on demand by the Agent at the Overdue Rate on the outstanding principal amount of any Loan and any other amount payable by the Borrowers hereunder (other than interest) at any time on or after an Event of Default if required in writing by the Required Banks. Changes in the rate of interest on that portion of any Borrowing maintained as a Floating Rate Borrowing will take effect simultaneously with each change in the Alternate Base Rate. No Interest Period may end after the Termination Date. Interest accrued on each Floating Rate Borrowing shall be payable on each Interest Payment Date, commencing with the first such date to occur after the Effective Date and at maturity. Interest accrued on each Eurodollar Rate Borrowing shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Rate Borrowing is prepaid, whether by acceleration or otherwise, and at maturity. Interest on Eurodollar Loans and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Borrowing is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment.
Interest and Interest Payments. Each Security shall bear interest from and commencing on its Issue Date at such rate of interest as the Company shall determine from time to time, which rate may vary from Holder to Holder depending upon the principal amount of Securities held by such Holder, as set forth in the Prospectus; provided, however, that the interest rate of each Security will be fixed for the term of such Security upon issuance, subject to change only upon the renewal of the Security at maturity. Interest on the Securities will compound daily based on a calendar year consisting of 365 days and the Holder thereof may elect to have interest paid quarterly or upon maturity, which payments shall be made on the Payment Date; provided that no interest shall be paid to a Holder until the expiration of the Holder’s rescission right under Section 2.2(b). If the Holder does not elect an interest payment option, interest will be paid on the Maturity Date of the Note. A Holder may change this election once during the term of the Security, subject to the Company’s approval, which change shall be effective by the first Business Day following the 45th day after receipt of written notice from the Holder requesting such change.
Interest and Interest Payments. The outstanding principal under this Note will not bear interest for so long as there is not and Event of Default outstanding under the Agreement. If there is an Event of Default, the outstanding principal under this Note will bear interest at the rate of 6% per annum in excess of the “Prime Rate” published from time to time in the Wall Street Journal. During any period when interest is payable, Maker will pay interest in monthly installments equal to the accrued interest, with each payment due on or before the first day of each month in which interest is due.
Interest and Interest Payments. During the term of this note, the outstanding principle shall bear interest at a rate equal to the 90-day LIBOR rate as of January 13, 2011 plus 3.0 percent, and shall be updated quarterly on the 13th of the month following the close of the quarter, for any remaining outstanding balance. At its inception, the rate shall be set at: LIBOR 0.303 %+ 3.0 = Rate at inception 3.303% All interest accrued will be forgiven in its entirety provided that the loan balance is repaid under the terms of the agreement. Maturity and Timing of Payments Repayment shall be made by Wire Transfer to the benefit of [________] in the full amount of $400,000.00 according to the dates defined above. If for any reason, payment shall be delayed beyond the due date, [__] shall be entitled to further remuneration on demand of the balance and any accrued interest, back to the inception date. Any adjustment to the terms of the note, or extensions to the original short-term loan period, may only be made with the express written agreement of [__] and ArborGen. Any notices or communications or payments made regarding this note shall be sent as follows: [________] Care of: [________]
Interest and Interest Payments. The New Term Loan shall bear interest at a rate equal to the Prime Rate in effect from time to time, computed on the basis of a 360-day year for the actual number of days elapsed. Accrued interest on the New Term Loan shall be paid monthly as provided in Section 1.2 of this Loan Agreement.
Interest and Interest Payments. The Borrower shall be solely responsible for collecting of interest payments on all of its sub-loans and promptly remitting the Interest payments to the Lender.
