Interest Prepayment. (a) The interest rate (“Interest Rate”) on the Loans shall be a rate per annum reflected on the grid attached hereto. (b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder. (c) To the extent permitted by law, if the principal or accrued interest, if any, of the Loans is not paid on the date demand is made, interest on the unpaid principal and interest will accrue at a rate equal to the Interest Rate, if any, plus 100 basis points per annum from maturity until the principal and interest on such Loans are fully paid. (d) Subject to Section 2.01, any amounts hereunder may be repaid at any time by the Maker.
Appears in 3 contracts
Sources: Indenture (Power Solutions International, Inc.), Indenture (Spartan Stores Inc), Indenture (Blyth Inc)
Interest Prepayment. (a) The interest rate --------------------- (“"Interest Rate”") on the Loans shall be a rate per annum reflected on the grid attached hereto.
(b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.
(c) To the extent permitted by law, if If the principal or accrued interest, if any, of the Loans is not paid on the date demand is made, interest on the unpaid principal and interest will accrue at a rate equal to the Interest Rate, if any, plus 100 basis points per annum from maturity until the principal and interest on such Loans are fully paid.
(d) Subject to Section 2.01, any amounts hereunder may be repaid prepaid at any time by the Maker.
Appears in 3 contracts
Sources: Supplemental Indenture (Canandaigua LTD), Supplemental Indenture (Canandaigua LTD), Exhibit (Constellation Brands Inc)
Interest Prepayment. (a) The interest rate (“Interest Rate”"INTEREST -------------------- RATE") on the Loans shall be a rate per annum reflected equal to the interest rate on the grid attached heretoSecurities.
(b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.
(c) To the extent permitted by law, if If the principal or accrued interest, if any, of the Loans is not paid on the date demand is made, interest on the unpaid principal and interest will accrue at a rate equal to the Interest Rate, if any, plus 100 basis points per annum from maturity until the principal and interest on such Loans are fully paid.
(d) Subject to Section 2.01, any amounts hereunder may be repaid prepaid at any time by the Maker.
Appears in 1 contract
Interest Prepayment. (a) The interest rate (“"Interest Rate”") on the Loans shall be a rate per annum reflected on the grid attached hereto.
(b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.
(c) To the extent permitted by law, if If the principal or accrued interest, if any, of the Loans is not paid on the date demand is made, interest on the unpaid principal and interest will accrue at a rate equal to the Interest Rate, if any, plus 100 basis points per annum from maturity until the principal and interest on such Loans are fully paid.
(d) Subject to Section 2.01, any amounts hereunder may be repaid prepaid at any time by the Maker.
Appears in 1 contract
Sources: First Supplemental Indenture (Sinclair Broadcast Group Inc)
Interest Prepayment. (a) The interest rate (“"Interest Rate”") on the Loans shall be a rate per annum reflected equal to the interest rate on the grid attached heretoSecurities.
(b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.
(c) To the extent permitted by law, if If the principal or accrued interest, if any, of the Loans is not paid on the date demand is made, interest on the unpaid principal and interest will accrue at a rate equal to the Interest Rate, if any, plus 100 basis points per annum from maturity until the principal and interest on such Loans are fully paid.
(d) Subject to Section 2.01, any amounts hereunder may be repaid prepaid at any time by the Maker.
Appears in 1 contract
Interest Prepayment. (a) The interest rate (“"Interest Rate”") on the Loans shall be a rate per annum reflected on the grid attached hereto.
(b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.
(c) To the extent permitted by law, if If the principal or accrued interest, if any, of the Loans is not paid on the date demand is made, interest on the unpaid principal and interest will accrue at a rate equal to the Interest Rate, if any, plus 100 basis points per annum from maturity until the principal and interest on such Loans are fully paid.
(d) Subject to Section 2.01, any amounts hereunder may be repaid at any time by the Maker.
Appears in 1 contract