Payment of Interest and Fee Sample Clauses

Payment of Interest and Fee. Upon the earlier of (a) the consummation of the Merger Transaction and (b) April 18, 2008, the Company shall promptly pay to the Holder in cash all accrued and unpaid interest on the Note through the date of such payment plus a $10,000 loan modification fee in connection with the amendments set forth in Sections 1 and 2 above. For avoidance of doubt, any interest paid in cash shall not be eligible for conversion in accordance with the terms of the Note.
Sample 1
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Payment of Interest and Fee. The interest accrued on each Retained Refinanced Refinancing Note Advance Portion and the applicable fee shall be due and payable on each Payment Date, commencing on the first Payment Date to occur after the effective date of this Retained Indebtedness Note up through and including the Maturity Date for such Retained Refinanced Refinancing Note Advance Portion. The amount of accrued interest on each Retained Refinanced Refinancing Note Advance Portion and the amount of the applicable fee that shall be due and payable on each such Payment Date shall be the respective amounts specified on the respective Retained Refinanced Refinancing Note Advance Portion Schedule as being the amount of accrued interest and the amount of the applicable fee due and payable on such Payment Date. In the event of a Maturity Extension occurring after the date of this Retained Indebtedness Note with respect to any Retained Refinanced Refinancing Note Advance Portion, the accrued interest on each such Maturity Extension and the applicable fee shall be due and payable on each Payment Date occurring after the effective date of such Maturity Extension up through and including the Maturity Date for such Maturity Extension. The amount of accrued interest on each Maturity Extension and the amount of the applicable fee that shall be due and payable on each such Payment Date shall be computed in accordance with the provisions of paragraph 4 of this Part IID.
Sample 1
Payment of Interest and Fee. Interest accrued on the outstanding principal amount of each Refinanced Retained Advance Portion and the applicable fee shall be due and payable on each Payment Date, commencing on the first Payment Date to occur after the Refinancing Effective Date for such Refinanced Retained Advance Portion up through and including the Maturity Date for such Refinanced Retained Advance Portion. In the event of a Maturity Extension occurring after the Refinancing Effective Date for any Refinanced Retained Advance Portion, the accrued interest on each such Maturity Extension and the applicable fee shall be due and payable on each Payment Date occurring after the effective date of such Maturity Extension up through and including the Maturity Date for such Maturity Extension. The amount of accrued interest on each such Maturity Extension and the applicable fee that shall be due and payable on each such Payment Date shall be computed in accordance with the provisions of paragraph 4 of this Part III.
Sample 1

Related to Payment of Interest and Fee

  • Payment of Interest and Fees Notwithstanding any other provision of this Agreement or any provision of any Related Document, Borrower does not agree or intend to pay, and Lender does not agree or intend to charge, collect, take, reserve or receive (collectively referred to herein as “charge or collect”), any amount in the nature of interest or in the nature of a fee for the Loan which would in any way or event (including demand, prepayment, or acceleration) cause Lender to contract for, charge or collect more for the Loan than the maximum Lender would be permitted to charge or collect by any applicable federal or Texas state law. Any such excess interest or unauthorized fee will, instead of anything stated to the contrary, be applied first to reduce the unpaid principal balance of the Loan, and when the principal has been paid in full, be refunded to Borrower.

  • Payment of Interest and Principal The principal of and interest on this Revolving Credit Note shall be due and payable as provided in the Loan Agreement. Subject to the terms of the Loan Agreement, the principal and interest due hereunder shall be evidenced by the Administrative Agent’s and the Lender’s records which, absent manifest error, shall be conclusive evidence of the computation of principal and interest balances owed by the Borrowers to the Lender.

  • Calculation of Interest and Fees All calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year of 360 days for actual days elapsed, except that during any period any Loan bears interest based upon the Prime Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

  • Computation of Interest and Fees All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

  • Computations of Interest and Fees (a) Except as provided in the next succeeding sentence, interest on LIBOR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on ABR Loans shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Interest and Fees 24 3.1 Interest................................................................................24 3.2

  • Payments of Interest and Principal (a) Any installment of interest or principal, if any, payable on any Class A(2017-5) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2017-5) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee.

  • Computation of Interest and Related Fees All interest and fees under each Financing Document shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The date of funding of a Loan shall be included in the calculation of interest. The date of payment of a Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.

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