Interest Free. No interest shall accrue on the Loan or any Draw or Note prior to the first to occur of the following: (i) a Maturity Date, (ii) a Termination of Employment other than as provided in paragraph 2(b)(i) above, or (iii) an Event of Default (as defined in paragraph 12).
Appears in 5 contracts
Sources: Senior Executive Relocation Loan Agreement, Senior Executive Relocation Loan Agreement (Chicago Bridge & Iron Co N V), Senior Executive Relocation Loan Agreement (Chicago Bridge & Iron Co N V)