Common use of Interest on Notes Clause in Contracts

Interest on Notes. Each Note shall bear interest on the unpaid Principal Balance thereof at a rate per annum equal to the Interest Rate for the applicable Interest Period. Interest on the Notes shall be payable on each Payment Date from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement. Interest shall be calculated on the basis of actual days elapsed in a year consisting of (i) 360 days if the Interest Rate is based on Adjusted LIBOR, or (ii) 365 or 366 days if the Interest Rate is based on the Prime Rate. Subject to the terms of this Loan Agreement relating to the prepayments of the Notes, the unpaid Principal Balance of, and all accrued interest on, the Note and all other amounts payable by the Issuer under the Transaction Documents shall be due and payable on the Legal Final Payment Date.

Interest on Notes. Each Note shall bear interest on the unpaid Principal Balance principal balance thereof at a rate per annum equal to the applicable Interest Rate for the applicable Interest Period. Interest on the Notes shall be payable on each Payment Date from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement. Interest shall be calculated on the basis of actual days elapsed in a year consisting of (i) 360 days if the Interest Rate is based on Adjusted LIBOR, or (ii) 365 or 366 days if the Interest Rate is based on the Prime Rate. Subject to the terms of this Loan Agreement relating to the prepayments of the Notes, the unpaid Principal Balance principal of, and all accrued interest on, the Note all Notes and all other amounts payable by the Issuer Borrower under the Transaction Documents shall be due and payable on the Legal Final Payment Date.

Interest on Notes. Each Note shall bear interest on the unpaid Principal Balance thereof at a rate per annum equal to the Interest Rate for the applicable Interest Period. Interest on the Notes shall be payable on each Payment Date from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement. Interest shall be calculated on the basis of actual days elapsed in a year consisting of (i) 360 days if the Interest Rate is based on Adjusted LIBOR, or (ii) 365 or 366 days if the Interest Rate is based on the Prime Rate. Subject to the terms of this Loan Agreement relating to the prepayments of the Notes, the unpaid Principal Balance of, and all accrued interest on, the Note Notes and all other amounts payable by the Issuer under the Transaction Documents shall be due and payable on the Legal Final Payment Date.

Interest on Notes. Each Note The Notes shall bear interest on the unpaid Principal Balance principal balance thereof at a rate per annum equal to the Interest Rate for the applicable Interest Period. Interest on the Notes shall be payable on each Payment Date from amounts on deposit in the Trust Account in accordance with Section 302(a) of this Loan Agreement. Interest shall be calculated on the basis of actual days elapsed in a year consisting of (i) 360 days if the Interest Rate is based on Adjusted LIBOR, or (ii) 365 or 366 days if the Interest Rate is based on the Prime Rate. Subject to the terms of this Loan Agreement relating to the prepayments of the Notes, the unpaid Principal Balance principal of, and all accrued interest on, the Note and all other amounts payable by the Issuer under the Transaction Documents shall be due and payable on the Legal Final Payment Date.