Interest Installments. The Bond shall bear interest at the rate of 2.35% per annum, calculated on a 30/360-day basis. Issuer will repay the Bond by wire transfer to the Owner in accordance with written instructions delivered by the Owner, or by such other medium acceptable to the Issuer and to the Owner, in semi- annual installments, including interest on the outstanding principal balance on each February 1 and August 1 and principal on each February 1, with such payments beginning August 1, 2022 and with all such payments ending February 1, 2031. Payments of Principal shall be made consistent with the Schedule I affixed to the Bond, which such Schedule is incorporated herein and made a part of this Agreement by this reference.
Interest Installments. Monthly payments of accrued, but unpaid interest only shall be due and payable on the 1st day of each month during the Term of the Loan, beginning on November 1, 2013 and with a like such installment being due and payable on the 1st day of each succeeding calendar month thereafter for the first three (3) months of the Term. Thereafter, payments will be due and payable per Section 2.4.1.
Interest Installments. Beginning as of the date hereof (the "Amendment Date"), the outstanding principal balance of this Note shall bear interest, in arrears, at a rate per annum equal to nine percent (9 %). Interest shall be payable in installments, with the first installment due and payable on the earlier of (a) January 1, 2007 or (b) ten (10) days after the Effectiveness Date of a Registration Statement on Form SB-2, as defined in the Registration Rights Agreement. Subsequent installments shall be due and payable on the first day of each successive calendar quarter following the due date of the initial interest installment amount. (Each interest installment amount, an "Interest Installment Amount"; and each payment date for an Interest Installment Amount, an "Interest Payment Date.") Interest shall be computed on the basis of a 360-day year of twelve (12) 30-day months and shall accrue commencing as of the Amendment Date. Furthermore, upon the occurrence of an Event of Default (as defined in Section 2.1 hereof), to the extent permitted by law, the Maker will pay interest to the Holder, payable on demand, on the outstanding principal balance of the Note from the date of the Event of Default until such Event of Default is cured, at the rate of the lesser of fifteen percent (15%) and the maximum applicable legal rate per annum.
Interest Installments. All accrued, but unpaid, interest on the Notes shall be due and payable, in arrears, on the fifteenth (15th) day of each calendar month. Notwithstanding anything to the contrary set forth in the Notes, Borrower shall pay all such interest to the Agent for the pro rata account of each Lender.
Interest Installments. Interest on the outstanding principal balance under the Revolving/Term Loan shall be paid in arrears on the First (1st) day of each calendar quarter beginning on January 1, 1996.
Interest Installments. All accrued, but unpaid, interest on the Notes shall be due and payable, in arrears, on each Interest Payment Date, as applicable, and on the Maturity Date (or, if applicable, the applicable Extended Maturity Date). Notwithstanding anything to the contrary set forth in the Notes, Borrower shall pay all such interest to Agent for the pro rata account of each Lender.
Interest Installments. The Bond shall bear interest at the rate of % per annum, calculated on a 30/360-day basis, inclusive of a loan servicing fee. Issuer will repay the Bond in semiannual installments, comprised of interest only payments on each February 1 and principal and interest payments on each August 1, beginning February 1, 2014, and ending August 1, 20 . Payments shall be made consistent with Schedule I affixed to the Bond. The interest rate on the Bond shall adjust and the Issuer shall owe the Purchaser the additional amount in the event of prepayment as set forth in Section 2.4.
