Common use of Interim payment Clause in Contracts

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Rate.

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, the projected interest to accrue from the Funding Date to the first Payment Date, at the Basic Ratepursuant to subsection (b) of this Section.

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date Equipment Advance is made on the first Business Day day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, an amount (the projected "Interim Payment") equal to interest to accrue on the amount of the Equipment Advance at the applicable Basic Rate calculated for the number of days from the Funding Date to of the Equipment Advance until the first Payment Date, at the Basic RateDate with respect to such Equipment Advance.

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to BankBank an amount (the "Interim Payment") equal to (i) the initial Equipment Advance multiplied by (ii) the sum of the Prime Rate plus 2 percentage points, on behalf divided by (iii) 360 days and then multiplied by (iv) the number of Bank, the projected interest to accrue days from the actual Funding Date to of the Equipment Advance until the first Payment Date, at day of the Basic Ratemonth following such Equipment Advance.

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to Bank, on behalf of Bank, an amount (the projected interest "Interim Payment") equal to accrue the initial Equipment Advance multiplied by the product of (i) the quotient derived from dividing the Basic Rate by 360, and (ii) the number of days from the Funding Date to of the Equipment Advance until the first Payment Date, at the Basic RateDate with respect to such Equipment Advance.

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment Advance (unless the Funding Date is the first Business Day of the month) Borrowers Borrower shall pay to the Bank, interest on behalf the amount of Bank, the projected interest to accrue Equipment Advance at the applicable Basic Rate calculated for the number of days from the actual Funding Date to of the Equipment Advance until the first Payment Date, at day of the Basic Ratemonth following such Equipment Advance.