Common use of Payment of accrued interest Clause in Contracts

Payment of accrued interest. The Borrower shall pay accrued interest on the Loan or any part of the Loan on the last day of each Interest Period (and, if an Interest Period is longer than 3 months, on the dates falling at three (3) monthly intervals after the first day of the Interest Period).

Payment of accrued interest. The Borrower Borrowers shall pay accrued interest on the Loan or any part of the Loan on the last day of each Interest Period (and, if an Interest Period is longer than 3 months, on the dates falling at three (3) monthly intervals after the first day of the Interest Period).

Payment of accrued interest. The Borrower shall pay accrued interest Interest on the Loan or any part of the Loan shall be paid on the last day of each Interest Period (and, if an such Interest Period is longer has a duration of more than 3 months, on the dates falling at three (3) monthly intervals after months, on each date that occurs during such Interest Period every three (3) months from the first day of such Interest Period and on the Interest Period)day the principal amount of the Loan shall be paid in full.