Common use of Interest Payment Terms Clause in Contracts

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.

Appears in 1 contract

Samples: Commercial Promissory Note (Salix Pharmaceuticals LTD)

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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 31September30, 2004 2003 (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.

Appears in 1 contract

Samples: Commercial Promissory Note (Salix Pharmaceuticals LTD)

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 December 31, 2004 2003 (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 December 31, 20042003.

Appears in 1 contract

Samples: Commercial Promissory Note (Salix Pharmaceuticals LTD)

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 31September30, 2004 2003 (the “Maturity Date”), when all accrued but unpaid interest is due and payable in full. Section 2.2.” 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.

Appears in 1 contract

Samples: Commercial Promissory Note

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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 2005 (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, 20042005.

Appears in 1 contract

Samples: Commercial Promissory Note and Loan and Security Agreement (Salix Pharmaceuticals LTD)

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