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, in which event no Interim Payment shall be due or owing), Borrower shall pay to Bank, on behalf of Bank, an amount (the "Interim Payment") equal to the initial Equipment Advance multiplied by the product of (i) the quotient derived from dividing the initial Loan Factor with respect to such Equipment Advance by 30, and (ii) the number of days from the Funding Date of the Equipment Advance until the first Payment Date 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, in which event no Interim Payment shall be due or owing), ) Borrower shall pay to Bank, on behalf of the Bank, an amount (the "Interim Payment") equal to (i) the initial subject Equipment Advance multiplied by the product of (iii) the quotient derived from dividing sum of the initial Loan Factor with respect to Basic Rate (as of the date of such Equipment Advance Advance) plus Two Percent (2%), divided by 30, (iii) 360 days and then multiplied by (iiiv) the number of days from the actual Funding Date of the Equipment Advance until the first Payment Date with respect to day of the month 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, in which event no Interim Payment shall be due or owing), ) Borrower shall pay to Bank, on behalf of the Bank, an amount (the "Interim Payment") equal to (i) the initial subject Equipment Advance multiplied by the product of (iii) the quotient derived from dividing sum of the initial Loan Factor with respect to such Equipment Advance Prime Rate plus Two Percent (2%), divided by 30, (iii) 360 days and then multiplied by (iiiv) the number of days from the actual Funding Date of the Equipment Advance until the first Payment Date with respect to day of the month following such Equipment Advance.

Interim payment. In addition to the Scheduled Payments, on the Funding Date for each Equipment 2 Advance (unless the Funding Date is the first Business Day of the month, in which event no Interim Payment shall be due or owing), ) Borrower shall pay to Bank, on behalf of Bank, an amount (the "“Interim Payment"”) equal to the initial Equipment Advance multiplied by the product of (i) the quotient derived from dividing the initial Loan Factor with respect to such Equipment 2 Advance multiplied by 30, and (ii) the Basic Rate, divided by (iii) 360 days and then multiplied by (iv) the number of days from the actual Funding Date of the Equipment 2 Advance until the first Payment Date with respect to day of the month following such Equipment 2 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, in which event no Interim Payment shall be due or owing), ) Borrower shall pay to Bank, on behalf of Bank, an amount (the "Interim Payment") equal to (i) the initial Equipment Advance multiplied by the product of (iii) the quotient derived from dividing the initial Loan Factor with respect to such Equipment Advance Basic Rate divided by 30, (iii) 360 days and then multiplied by (iiiv) the number of days from the actual Funding Date of the Equipment Advance until the first Payment Date with respect to day of the month 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, in which event no Interim Payment shall be due or owing), ) Borrower shall pay to Bank, on behalf of Bank, an amount (the "Interim Payment") equal to the initial Equipment Advance multiplied by the product of (i) the quotient derived from dividing the initial Loan Factor with respect to such Equipment Advance multiplied by 30, and (ii) the number of days from the Funding Date of the Equipment Advance Loan until the first Payment Date 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, in which event no Interim Payment shall be due or owing), ) Borrower shall pay to Bank, on behalf of Bank, an amount (the "“Interim Payment"”) equal to (i) the initial Equipment Advance multiplied by the product of (iii) the quotient derived from dividing sum of the initial Loan Factor with respect to such Equipment Advance Prime Rate plus 1.5 percentage points, divided by 30, (iii) 360 days and then multiplied by (iiiv) the number of days from the actual Funding Date of the Equipment Advance until the first Payment Date with respect to day of the month following such Equipment Advance.