Interest Installments Sample Clauses

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.
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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 August 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.
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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.
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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.
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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.
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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.
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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.
Sample 1
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Related to Interest Installments

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Installment Payments For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Recurring Instalment Payments 15.1 Where you have a Citibank ATM/Debit Card which allows you to make Card Transactions: (a) if you use your Citibank ATM/Debit Card to purchase goods or services by instalments or to make payments on a recurring basis, you thereby authorize us to pay such instalments for you as they become due and debit the amount paid by us from the Designated Account or any other Account; (b) if your right to use your Citibank ATM/Debit Card is suspended or the Designated Account is closed, we may at our option and without prejudice to any of our rights and remedies, stop paying the said instalments for you, or debit the aggregate sum of the remaining instalments to the Designated Account or any other Account or require you to pay the same forthwith. 15.2 You also agree to be bound by any other specific terms and conditions governing such recurring/instalment payment scheme. In the event of conflict, such specific terms and conditions are to prevail over the provisions of this Condition 15 but only to the extent necessary to give full effect to those terms and conditions.

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Payment Dates Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day.

  • 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. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

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