Common use of PAYMENT AND CALCULATION OF INTEREST ON TERM ADVANCES Clause in Contracts

PAYMENT AND CALCULATION OF INTEREST ON TERM ADVANCES. 5.1 PAYMENT OF INTEREST On the last day of each Interest Period relating to a Term Advance the Borrower to which such Term Advance has been made shall pay accrued interest on the Term Advance to which such Interest Period relates.

Appears in 2 contracts

Samples: Senior Term Facility Agreement (United Surgical Partners International Inc), Senior Term Facility Agreement (United Surgical Partners International Inc)

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PAYMENT AND CALCULATION OF INTEREST ON TERM ADVANCES. 5.1 PAYMENT OF INTEREST Payment of Interest On the last day of each Interest Period relating to a Term Advance the Borrower to which such Term Advance has been made shall pay accrued interest on the Term Advance to which such Interest Period relates.

Appears in 1 contract

Samples: Credit Agreement (Comple Tel Europe Nv)

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PAYMENT AND CALCULATION OF INTEREST ON TERM ADVANCES. 5.1 PAYMENT OF INTEREST On the last day of each Interest Period relating to a Term Advance (and, if the Borrower to which Interest Period of such Term Advance has been made exceeds six months, on the expiry of each period of six months during that Interest Period) the relevant Borrower shall pay accrued interest on the Term Advance to which such Interest Period relates.

Appears in 1 contract

Samples: Fourth Amendment Agreement (Sanitec International Sa)

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