Interest on Advances. The Borrower shall pay to the Lender on the first banking day of each calendar month (the "Interest Payment Dates"), the first such date falling on October 1, 2000, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in Euros, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.
Appears in 2 contracts
Samples: Credit Facility Agreement (Ichor Corp), Credit Facility Agreement (Ichor Corp)
Interest on Advances. The Borrower shall pay to the Lender on the first banking day Banking Day of each calendar month (the "Interest Payment Dates"), the first such date falling on October May 1, 20002004, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in EurosU.S. Dollars, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.
Appears in 1 contract
Interest on Advances. The Borrower shall pay to the Lender on the first banking day of each calendar month (the "Interest Payment DatesINTEREST PAYMENT DATES"), the first such date falling on October 1, 2000, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in Euros, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.
Appears in 1 contract
Interest on Advances. The Borrower shall pay to the Lender on the first banking day Banking Day of each calendar month (the "Interest Payment DatesINTEREST PAYMENT DATES"), the first such date falling on October May 1, 20002004, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in EurosU.S. Dollars, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.
Appears in 1 contract