Common use of Interest; Default Interest; Participations; Usury Clause in Contracts

Interest; Default Interest; Participations; Usury. Interest accruing on the Note shall be due and payable in arrears on the first day of each month.

Appears in 6 contracts

Samples: Credit and Security Agreement (Winland Electronics Inc), Revolving Credit and Security Agreement (Brauns Fashions Corp), Credit and Security Agreement (Micro Component Technology Inc)

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Interest; Default Interest; Participations; Usury. Interest accruing on the Note Notes shall be due and payable in arrears on the first day of each month.

Appears in 3 contracts

Samples: Credit and Security Agreement (Health Fitness Physical Therapy Inc), Credit and Security Agreement (First Team Sports Inc), Credit and Security Agreement (Ultra Pac Inc)

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Interest; Default Interest; Participations; Usury. Interest accruing on the Demand Note shall be due and payable in arrears on the first day of each month.

Appears in 1 contract

Samples: Credit and Security Agreement (Stocker & Yale Inc)

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