Interest and Payment Terms Sample Clauses

Interest and Payment Terms. All payments due under this Agreement will be made:
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Interest and Payment Terms. Accrued unpaid interest shall be due and payable at the times and at the interest rate as set forth in the Loan Agreement until all principal and accrued interest owing on this Note shall have been fully paid and satisfied. In addition, payments of principal shall be payable at such times as provided in the Loan Agreement. Any amount not paid when due and payable hereunder shall, to the extent permitted by applicable Requirements, bear interest at the Default Rate and if applicable, a Late Charge, as set forth in the Loan Agreement. The outstanding principal balance of this Note, unless accelerated in accordance with the Loan Agreement, if not sooner paid, will be due and payable, together with all accrued and unpaid interest and other amounts due and unpaid under the Loan Documents, on the Maturity Date.
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Interest and Payment Terms. The unpaid principal hereof shall bear interest from the date of this Note until default at the rate of nine and one-half percent (9.5%) per annum. This Note shall be due and payable, without demand, on July 15, 1996. 3.
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Interest and Payment Terms. (a) The Company promises to pay interest on the unpaid Principal amount of the Current Bonds (and the Accretion Bonds, if an election is made pursuant to Section 3.06); provided, however, that upon the occurrence and during the continuance of an Event of Default the Company will pay interest on the unpaid Principal amount of the Securities at the applicable Fixed Interest rate accruing from the most recent Interest Payment Date. The Company will pay interest monthly in arrears on the last day of each calendar month on Current Bonds issued in denominations of $15,000 or more (unless the original Holder elects quarterly payment) and quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (the "Interest Payment Date"), commencing on the first such date to occur following the Issue Date for each Security. Fixed Interest on the Securities will accrue from the most recent Interest Payment Date to which Fixed Interest has been paid or, if no interest has been paid, from the date of issuance. Interest shall accrue with respect to Principal on each Security to, but not including the date of repayment of such Principal; provided, however, that if payment to the Paying Agent occurs after 10:00 a.m., New York City time, interest shall be deemed to accrue until the following Business Day. On each Interest Payment Date, interest on the Securities will be paid for the immediately preceding accrual period. To the extent lawful, the Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on (i) overdue Principal, if any, at the Default Rate, compounded semiannually; and (ii) overdue installments of interest, if any (without regard to any applicable grace period) at the same rate, compounded semiannually. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Record Date for determining the Holders entitled to payment of interest is the last day of the calendar month prior to each Interest Payment Date, unless a special Record Date has been set by the Trustee in accordance with Section 6.10.
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Interest and Payment Terms. The unpaid principal hereof shall bear interest from the date of this Note until default at the rate of nine and one-half percent (9.5%) per annum. This Note shall be paid in four (4) equal quarterly installments of principal, together with all accrued interest on the date of each such payment. The first quarterly payment shall be due , 19-, and subsequent quarterly payments shall be due on the same day every three months thereafter until - 19-, when the remaining principal balance and all accrued unpaid interest shall be due and payable. 3 Calculation of Interest and Application of Payments. Interest shall be calculated on a 365 or 366-day year, as applicable, based on actual days elapsed. Each installment hereunder shall be first applied to the payment of costs and expenses for which Maker is liable hereunder, next to the payment of accrued interest, and lastly to the reduction of principal. This Note shall continue to bear interest at the Note rate (or at the Default Rate. as hereinafter defined, if and so long as any default exists hereunder) until and including the date of collection, and all payments hereunder shall be calculated by and shall be payable in the lawful money of the United States which shall be legal tender for public and private debts at the time of payment. 4.
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Interest and Payment Terms. Monthly payments of interest only at the rate of 9% per annum (.75% per month) of the Loan shall be payable in arrears on the first day of every month commencing July 1, 1997 and continuing through June 1, 1998. Thereafter the Loan shall be paid commencing on July 1, 1998 in 36 equal monthly installments of principal and interest. All amounts due under the Note shall be paid in full by June 1, 2001.
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Interest and Payment Terms. 39 13.1 Manner of Payment................................. 39 13.2 Interest.......................................... 40 13.3 Waivers........................................... 40 14. Condemnation........................................... 41
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Interest and Payment Terms 
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Related to Interest and Payment Terms

  • Interest and Payments Borrower shall make payments in accordance with the Note at the rate set forth in the Note.

  • Fees and Payment Terms 4.1. When Customer’s Fees are Due: All Fees charged under the Agreement are due and payable on the due date quoted on the invoices generated by Aptum, unless otherwise agreed to in writing by the Parties. Invoices shall be issued in accordance with the applicable Product Terms.

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

  • Rates and Payment of Interest (a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin; and (iii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Revolver Loans. Interest shall accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue.

  • Rates and Payment of Interest on Loans (a) Rates. The Borrowers promise to pay to the Agent for the account of each Lender interest on the unpaid principal amount of each Loan made by such Lender for the period from and including the date of the making of such Loan to but excluding the date such Loan shall be paid in full, at the following per annum rates: (i) during such periods as such Loan is a Base Rate Loan, at the Base Rate (as in effect from time to time) plus the Applicable Margin (utilizing the applicable "Base Rate Margin" as identified in the definition of Applicable Margin, it being acknowledged that the Applicable Margin is a negative number, the addition of which will result in an interest rate applicable to Base Rate Loans which is lower than the corresponding Base Rate); (ii) during such periods as such Loan (other than a Competitive Advance) is a LIBOR Loan, at the Adjusted Eurodollar Rate for such Loan for the Interest Period therefor plus the Applicable Margin (utilizing the applicable "LIBOR Margin" as identified in the definition of Applicable Margin); and (iii) with respect to each Competitive Advance, at the margin over the Adjusted Eurodollar Rate determined pursuant to Section 2.3. Notwithstanding the foregoing, during the continuance of an Event of Default, the Borrowers shall pay to the Agent for the account of each Lender interest at the Post-Default Rate on the outstanding principal amount of any Loan made by such Lender, on all Reimbursement Obligations and on any other amount payable by the Borrowers hereunder or under the Notes held by such Lender to or for the account of such Lender (including without limitation, accrued but unpaid interest to the extent permitted under Applicable Law). (b)

  • Interest Rate and Payments (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

  • Calculation and Payment of Fees All fees shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Administrative Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable when paid. All fees due to any Arranger or any other Lender, including, without limitation, those referred to in this Section 5.3, shall bear interest, if not paid when due, at the interest rate specified in Section 5.1(d) and shall constitute Obligations.

  • Interest Rate and Payment Dates (a) The Eurodollar Loans shall bear interest for each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin.

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

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