Interest Rate; Payment of Interest. So long as no Event of Default has occurred and subject to the terms hereof, each advance hereunder shall bear interest at the interest rate called for and calculated pursuant to the terms of this Note.
Interest Rate; Payment of Interest. Borrower shall pay interest on the aggregate unpaid principal balance of the Revolving Credit Loans outstanding from time to time at the applicable rate or rates set forth in the Credit and Security Agreement dated July 9, 1997 between the Borrower, X.X. Xxxxxxx, Inc. and the Lender, as amended, supplemented or otherwise modified from time to time (the “Credit and Security Agreement”). Interest shall be payable, in arrears, and on each Revolving Credit Interest Payment Date and shall also be payable on the Revolving Credit Maturity Date. Anything contained in this Note to the contrary notwithstanding, during any period in which an Event of Default is continuing, the interest rate hereunder shall, at the option of the Lender, be increased to the Default Rate, and all interest accruing at such rate shall be payable upon demand by the Lender. Interest shall commence to accrue on the date hereof and shall continue to accrue until all principal hereof is paid in full (whether before or after maturity or judgment). Interest under this Note shall be computed on the basis of a year of three hundred sixty (360) days and the actual number of days elapsed.
Interest Rate; Payment of Interest. So long as no Event of Default has occurred and subject to the terms hereof, each advance hereunder shall bear interest at the interest rate called for and calculated pursuant to the terms of this Note. Interest shall be payable monthly beginning one month from the date of this Note, and continuing thereafter on the same day or last day, whichever shall first occur, of each succeeding month.
Interest Rate; Payment of Interest. Borrower shall pay interest on the principal balance of the Loan outstanding from time to time under the Note at the rate and in accordance with the terms set forth in the Note.
Interest Rate; Payment of Interest. Interest on the outstanding principal amount of any loan shall accrue at the Eurodollar Rate (as hereinafter defined) plus 1% during the applicable Interest Period and shall be payable in arrears on the first day of each month commencing April 1, 2004. Except as hereinafter expressly provided, interest on sums advanced hereunder shall be payable at the rate set forth herein until all such sums are fully paid, whether before or after maturity, by acceleration or otherwise, and whether or not any judgment has been issued thereon.
Interest Rate; Payment of Interest. Borrower shall pay interest on the aggregate unpaid principal balance of the Revolving Credit Loans outstanding from time to time at the Applicable Revolving Credit Rate. Interest shall be payable, in arrears, on each Revolving Credit Interest Payment Date.
Interest Rate; Payment of Interest. Interest on the principal of the Advances shall be a fixed flat rate of eight and one-quarter percent (8.25%) per annum. Accrued interest shall be due and payable, in arrears, monthly, commencing on the first Business Day of the month immediately following execution of this DIP Loan Agreement and continuing on the first Business Day of each month thereafter until all of the Obligations have been paid in full in cash and Atec's commitment to extend the Credit has been terminated pursuant to Section 2.2(d) or Section 7.3(a). Interest under the Revolving Note shall be computed on the basis of actual number of days elapsed in a year of 360 days. Borrower hereby authorizes Atec, if and to the extent an interest payment is not made timely, to make an Advance, in an amount equal to the accrued interest then due and payable to Atec under the Revolving Note or hereunder and to apply the same to the accrued interest due.
Interest Rate; Payment of Interest. Interest shall accrue on the outstanding balance of the Principal Amount at a rate of 2.66% per annum, compounded annually. Accrued interest shall be due and payable annually in arrears commencing on February 14, 2019, and continuing on each February 14 thereafter until the Maturity Date (as defined in the Section below).
Interest Rate; Payment of Interest. Except as provided in clause (b) below, interest on the unpaid principal amount of the Loans (including any PIK Interest) shall accrue on a quarterly basis and be calculated and payable as follows: (i) interest on the Daily Balance at the Applicable Rate (the “Cash Interest”) is due and payable in arrears in cash on the last day of each Fiscal Quarter and on the Maturity Date (each, an “Interest Payment Date”), and (ii) interest on the Daily Balance at the rate of 4% per annum (the “PIK Interest”) shall accrue in arrears and be added to the principal amount of the Loans on each Interest Payment Date, for so long as there is no Event of Default. If there is an Event of Default, then, thereafter, the interest which would have otherwise been payable in PIK Interest shall be due and payable in arrears in cash on each Interest Payment Date. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. Notwithstanding anything to the contrary contained in this Agreement, if any Loan Party incurs any Qualified Other Debt that requires the current payment of cash interest, then, from and after such incurrence, the Daily Balance shall cease to bear PIK Interest (it being understood that accrued and unpaid PIK Interest shall be added to the principal amount of the Loans at the time of such incurrence notwithstanding anything to the contrary contained in this Agreement) and the Applicable Rate for all purposes of this Agreement shall be a per annum rate equal to the greater of (x) One Month Libor as in effect on such date plus 11%, and (y) 12% per annum. Unless otherwise specifically set forth herein, references in this Agreement to “interest” refer to Cash Interest and PIK Interest.
Interest Rate; Payment of Interest. 4.1 The Borrower will pay, over the outstanding amount of the Loan, the interest rate that applies to the Interest Period selected, being the sum of (a) EURIBOR for that Interest Period and (b)
