Loan Interest and Payments. Except as otherwise provided in this Section, the outstanding principal balance of the Loans and all other Obligations shall be repaid on or before the Maturity Date. The principal amount of the Loans outstanding from time to time shall bear interest at the Interest Rate, and be subject to payment of the Premium in accordance with the Promissory Note. All Obligations shall be paid in accordance with the payment terms set forth in this Agreement and the Promissory Note. Any amount of principal, interest, or Premium on the Obligations which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall at Lender’s option bear interest payable on demand at the Default Rate.
Loan Interest and Payments. Except as otherwise provided in this Section 2(ii), the principal amount of the Loans outstanding from time to time shall bear interest at the Interest Rate. Accrued and unpaid interest on the unpaid principal balance of all Loans outstanding from time to time shall be due and payable monthly on the first day of each calendar month. Lender shall have the right to deduct from Borrower’s account any interest due hereunder and shall add to the unpaid principal balance of the Loan any as if it were a Drawdown.
Loan Interest and Payments. Borrower shall make monthly payments of principal, interest and Premium to the Lender on the dates and in the amounts indicated on the amortization schedule attached hereto as Schedule 2.1. Except as otherwise provided in this Section, the outstanding principal balance of the Loans shall be repaid by the Borrower on or before the Maturity Date. Principal amounts repaid on the Note may not be re-borrowed. The principal amount of the Loans outstanding from time to time shall bear interest at the Interest Rate. Any amount of principal or interest on the Loans which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall at Lender’s option bear interest payable on demand at the Default Rate.
Loan Interest and Payments. 2.1 The Loan; the Notes The Lenders agree, subject to the terms and conditions of this Agreement and the Financing Orders, to make advances (“Revolving Advances”) to the Borrower from time to time from the Closing Date to and until (but not including) the Termination Date in an amount not in excess of the Maximum Amount (the “Loan”). The Lenders shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance plus the aggregate amount of the outstanding Revolving Advances exceed the Maximum Amount. The Borrower’s obligation to pay the Revolving Advances may be evidenced by the Notes and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.7, and reborrow. Each Lender’s obligation to fund each Revolving Advance shall be limited to such Lender’s Commitment Percentage, and no Lender shall have any obligation to fund any portion of any Revolving Advance required to be funded by any other Lender, but not so funded. If requested by a Lender, its portion of the Loan shall be evidenced by a promissory note substantially in the form of Exhibit B hereto (each, a “Note” and collectively, the “Notes”), issued by the Borrower to the order of such Lender in the amount of such Lender’s Commitment.
Loan Interest and Payments. The principal amount of the Loans outstanding from time to time shall bear interest at the Adjusted Prime Rate. Accrued and unpaid interest on the unpaid principal balance of all Loans outstanding from time to time shall be due and payable on the Maturity Date.
Loan Interest and Payments. Except as otherwise provided in this Section 12.1(b), the principal amount of the Loan outstanding from time to time shall bear interest at the applicable Interest Rate. From and after maturity, or after the occurrence and during the continuation of an Event of Default, interest on the outstanding principal balance of the Loan, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.
Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Loans outstanding from time to time shall bear interest at the Interest Rate. Accrued and unpaid interest on the unpaid principal balance of Prime Loans outstanding from time to time shall be due and payable quarterly, in arrears, commencing on January 31, 2002 and continuing on the 31st day of each April, July, October and January thereafter, and on the Maturity Date. Accrued and unpaid interest on the unpaid principal amount of LIBOR Loans outstanding from time to time shall be payable on the last Business Day of each Interest Period, or if a six-month Interest Period applies, then after three months and on the last Business Day of such Interest Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Maturity Date. Any amount of principal or interest on the Loans which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Rate.
Loan Interest and Payments. The principal amount of the Loan outstanding from time to time shall bear interest at the Interest Rate. All principal, interest and other amounts due under the Note shall be due and payable on the Loan Maturity Date, unless accelerated as provided herein. Upon any Event of Default, including failure to pay at the Loan Maturity Date, Lender, at its option, may, if permitted under Applicable Law, increase the Interest Rate on the Loan to the Default Rate.
Loan Interest and Payments