Interest Payment Terms. Interest shall be payable monthly, in arrears, beginning October 10, 2002 and continuing on the same calendar day of each consecutive month thereafter until January 31, 2004 (the “Maturity Date”), when all accrued but unpaid interest is due and payable in full.” In furtherance thereof, the “Revolving Maturity Date”, as defined in Exhibit A to the Loan Agreement is hereby modified to be and mean January 31, 2004.
Interest Payment Terms. (a) [Reserved].
Interest Payment Terms. [BGSF] Amended and Restated Credit Agreement
(a) Revolving Credit Loans – Payment of Principal and Interest; Revolving Nature.
(i) The unpaid principal amount of each Portion of the Revolving Credit Loans shall, subject to the following sentence and Section 2.7(g), bear interest at the applicable Interest Rate. If at any time such rate of interest would exceed the Maximum Rate but for the provisions thereof limiting interest to the Maximum Rate, then any subsequent reduction shall not reduce the rate of interest on the Revolving Credit Loans below the Maximum Rate until the aggregate amount of interest accrued on the Revolving Credit Loans equals the aggregate amount of interest which would have accrued on the Revolving Credit Loans if the interest rate had not been limited by the Maximum Rate. All accrued but unpaid interest on the principal balance of the Revolving Credit Loans shall be payable on each Payment Date and on the Maturity Date, provided that interest accruing at the Default Interest Rate pursuant to Section 2.7(g) shall be payable on demand.
(ii) The then Outstanding Amount of the Revolving Credit Loans and all accrued but unpaid interest thereon shall be due and payable on the Maturity Date. The unpaid principal balance of the Revolving Credit Loans at any time shall be the total amount advanced hereunder by Revolving Credit Lenders less the amount of principal payments made thereon by or for Borrower, which balance may be endorsed on the Revolving Credit Notes from time to time by Revolving Credit Lenders or otherwise noted in Revolving Credit Lenders’ and/or Administrative Agent’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time.
Interest Payment Terms. Payments under this Note include an interest component and a principal component. The principal component is set forth in Section 2.2 below. The interest component shall be paid as follows: interest shall be payable monthly, in arrears, beginning the first day of the first calendar month following the closing of the Loan (the “Closing Date”) and continuing on the same calendar day of each consecutive month thereafter until the Maturity Date (defined below), when all accrued but unpaid interest is due and payable in full.
Interest Payment Terms. The Maker shall pay to the Holder an interest amount of Six Thousand Five Hundred Dollars ($6,500.00) to be paid in a lump sum disbursement on February 25, 2009.
Interest Payment Terms. (a) The Total Loan Amount shall bear interest at a rate per annum equal to 12% per annum.
(b) Of the interest which accrues pursuant to Section 2.4(a) above, (i) 7% shall be payable quarterly in arrears on each of December 1, March 1, June 1 and September 1 commencing on March 1, 2001, and (ii) all remaining accrued but unpaid interest shall be payable on the Maturity Date;
(c) Any overdue principal of any Reimbursement Obligations, any overdue interest thereon and any other overdue amounts shall bear interest, payable on demand, for each day from the date payment thereof was due to the date of actual payment, at the applicable Default Rate.
(d) Anything in this Agreement or in the Note to the contrary notwithstanding, the obligation of the Borrower to make payments of interest shall be subject to the limitation that payments of interest shall not be required to be made to the Lender to the extent that the Lender's receipt thereof would not be permissible under the law or laws applicable to the Lender limiting rates of interest which may be charged or collected by the Lender. Any such payments of interest which are not made as a result of the limitation referred to in the preceding sentence shall be made by the Borrower to the Lender on the earliest interest payment date or dates on which the receipt thereof would be permissible under the laws applicable to the Lender limiting rates of interest which may be charged or collected by the Lender. Such deferred interest shall not bear interest.
Interest Payment Terms. 10
1. Interest Rates 10 3.2. Interest Payments 11 3.3. Principal Payments 11 3.4. Place of Payment 11 3.5. Application of Payments 11 3.6. Costs and Other Payments 12
Interest Payment Terms. Interest (at the rates described above) on the outstanding principal balance shall be payable monthly beginning July 5, 2013 and consecutively on the same day of each such calendar period thereafter, with any accrued but unpaid interest due and payable in full at Maturity.
Interest Payment Terms. Borrower hereby agrees to pay to Lender the Accrued Interest under the Prior Note in two (2) installments as follows: (a) One Hundred Sixty-Seven Thousand Dollars ($167,000) due upon execution of this Agreement (the “First Interest Payment”), and (b) One Hundred Forty-Five Thousand Six and 13/100 Dollars ($145,006.13) due on January 4, 2021 (the “Second Interest Payment”). In addition to the First Interest Payment, Borrower shall also pay to Lender the sum of Thirty-Three Thousand Dollars ($33,000) as a fee to induce and otherwise compensate Lender for the immediate release of the loan security as provided in Article 3 below, thereby resulting in a total payment due upon execution of this Agreement in the amount of Two Hundred Thousand Dollars ($200,000). In addition to the Second Interest Payment, Borrower shall pay to Lender the sum of Fifty-Four Thousand Nine Hundred Ninety-Three and 87/100 Dollars ($54,993.87) as a credit against interest due and payable under the New Note defined below, thereby resulting in a total payment due on January 4, 2021, in the amount of Two Hundred Thousand Dollars ($200,000).
Interest Payment Terms. (a) Loans – Payment of Principal and Interest; Revolving Nature. The unpaid principal amount of each Borrowing of the Loans shall, subject to the following sentence and Section 2.8(g), bear interest at the applicable Interest Rate. If at any time such rate of interest would exceed the Maximum Rate but for the provisions thereof limiting interest to the Maximum Rate, then any subsequent reduction shall not reduce the rate of interest on the Loans below the Maximum Rate until the aggregate amount of interest accrued on the Loans equals the aggregate amount of interest which would have accrued on the Loans if the interest rate had not been limited by the Maximum Rate. All accrued but unpaid interest on the principal balance of the Loans shall be payable on each Payment Date and on the Maturity Date for the Credit Facility, provided that interest accruing at the Default Interest Rate pursuant to Section 2.8(g) shall be payable on demand. The then Outstanding Amount of the Loans and all accrued but unpaid interest thereon shall be due and payable on the Maturity Date for the Credit Facility. The unpaid principal balance of the Loans at any time shall be the total amount advanced hereunder by Lenders less the amount of principal payments made thereon by or for Borrower, which balance may be endorsed on the Notes from time to time by Lenders or otherwise noted in Lenders’ and/or Administrative Agent’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time.
