Common use of Interest on the Loan Clause in Contracts

Interest on the Loan. Daily interest at the Interest Rate on the outstanding principal balance of the Loans shall be determined by DRI as of the close of each Business Day. The rate to be used for any day other than a Business Day will be the Interest Rate on the immediately preceding Business Day. All accrued and unpaid interest on all Loans shall be due and payable by Dominion Midstream on each Interest Payment Date.

Appears in 3 contracts

Samples: Inter Company Credit Agreement, Inter Company Credit Agreement (Dominion Midstream Partners, LP), Inter Company Credit Agreement (Dominion Midstream Partners, LP)

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Interest on the Loan. Daily interest at the Interest Base Rate on the outstanding principal balance of the Loans shall be determined by DRI as of the close of each Business Day. The rate to be used for any day other than a Business Day will be the Interest Base Rate on the immediately preceding Business Day. All accrued and unpaid interest on all Loans shall be due and payable by Dominion Midstream QGC on each Interest Payment Date.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Questar Gas Co)

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Interest on the Loan. Daily interest at the Interest Base Rate on the outstanding principal balance of the Loans shall be determined by DRI as of the close of each Business Day. The rate to be used for any day other than a Business Day will be the Interest Base Rate on the immediately preceding Business Day. All accrued and unpaid interest on all Loans shall be due and payable by Dominion Midstream DGH on each Interest Payment Date.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Dominion Gas Holdings, LLC)

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