Common use of Interest Rates; Principal Repayment; and Payment Dates Clause in Contracts

Interest Rates; Principal Repayment; and Payment Dates. (a) The Loan shall bear interest at the Fixed Interest Rate (calculated on the basis specified in the definition thereof) on the unpaid principal amount thereof from time to time outstanding, payable in arrears on each Payment Date. The Loan shall mature on the Final Maturity Date. The principal amount of the Loan shall be payable on the dates and in the amounts set forth in Exhibit B. Notwithstanding the foregoing, the final payment made under each Note shall be in an amount sufficient to discharge in full the unpaid principal amount, and all accrued and unpaid interest on, and any other amounts due under, such Note.

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement (Atlas Air Worldwide Holdings Inc), Loan Agreement (Atlas Air Worldwide Holdings Inc)

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