Interest Payments; Repayment. Interest on the then outstanding principal balance shall be payable on a monthly basis commencing 30 days after the Effective Date, and continuing each month thereafter. The entire unpaid principal balance, together with any unpaid accrued interest and other unpaid charges or fees hereunder, shall be due and payable on the Maturity Date. Payment shall be made to the Lender at such place as the Lender may, from time to time, designate in lawful money of the United States of America. All payments received hereunder shall be applied as follows: first, to any late charge; second, to any costs or expenses incurred by Lender in collecting such payment or to any other unpaid charges or expenses due hereunder; third, to accrued interest; fourth, to principal; and fifth, the balance, if any, to such person entitled thereto; provided, however, upon occurrence of an Event of Default, a Lender may, in its discretion, change the priority of the application of payments as it deems appropriate. Borrower may prepay principal and/or interest at any time without penalty.
Interest Payments; Repayment. Repayments shall be made in accordance with the terms of a promissory note for the amount of the Credit Limit in substantially the form attached hereto as Exhibit A (the “Promissory Note”). Interest on the then outstanding principal balance shall be payable on a quarterly basis commencing 90 days after the Effective Date and continuing each quarterly thereafter. The entire unpaid principal balance, together with any unpaid accrued interest and other unpaid charges or fees hereunder, shall be due and payable on the Maturity Date. [Signatures appear on the following pages.]
Interest Payments; Repayment. The Borrowers shall pay to Lender interest which has accrued on each of the Notes as set forth in Section 3.1 and in accordance with the terms of the Notes. Additionally, Borrower shall pay to Lender the outstanding principal of all Advances under the Credit Facility A and the Credit Facility B, together with all interest accrued thereon and any amount due with respect thereto, in full upon the earlier to occur of (i) termination of this Agreement, (ii) acceleration of the time for payment of the Indebtedness pursuant to this Agreement or (iii) the Maturity Date, respectively. The Borrowers shall make each payment (including principal and interest and any fees or other amounts) hereunder and under any other Loan Document not later than 12:00 (noon), Denver, Colorado time, on the date when due in dollars and in immediately available funds. Whenever any payment (including principal and interest and any fees or other amounts) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or fees, if applicable. The Borrowers may arrange to make all payments hereunder by direct debit of the Borrower's operating account maintained by the Lender. The Lender may, in its discretion at any time or from time to time, without the Borrower's request and even if the conditions set forth in this Agreement would not be satisfied, make an Advance in an amount equal to the portion of any of the Borrower's obligations hereunder (including principal and interest and any fees or other amounts) from time to time due and payable.
Interest Payments; Repayment. Interest on Advances shall be payable on a quarterly basis commencing on June 30, 2019, and continuing each quarter thereafter. Interest payments shall be calculated on the average monthly balance for each preceding quarter (in the case of the first payment, the average monthly balance for the preceding two quarters). The entire unpaid principal balance, together with any unpaid accrued interest and other unpaid charges or fees hereunder, shall be due and payable at the end of the Initial Term unless the Borrower elects to extend the Term Loan as set forth in paragraph 2 above. Borrower may prepay principal and/or interest at any time without penalty.
