Common use of Interest on the Advances Clause in Contracts

Interest on the Advances. The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall have been paid in full at an interest rate per annum equal to the Interest Rate, payable in arrears on the last day of such Interest Period and on the date such Advance shall be paid in full.

Appears in 6 contracts

Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)

AutoNDA by SimpleDocs

Interest on the Advances. The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender the Advances, if any, from the date of such Advance the Advances until such principal amount shall have been be paid in full full, payable semiannually, at an interest rate per annum equal to the Interest RateBase Rate plus 0.50%; provided, payable in arrears on the last day however, that as of such Interest Period and on the date such Advance occurring 45 Business Days after the Change of Control Date, the interest rate per annum shall be paid the Base Rate in fulleffect for such Advances plus the Applicable Margin.

Appears in 3 contracts

Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)

AutoNDA by SimpleDocs

Interest on the Advances. The Borrower Borrowers shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall have been paid in full at an interest rate per annum equal to the Interest Rate, payable in arrears on the last day of such Interest Period and on the date such Advance shall be paid in full.

Appears in 1 contract

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!