Common use of Payment of Interest and Related Fees Clause in Contracts

Payment of Interest and Related Fees. Except as otherwise provided, the Borrower shall pay accrued interest in arrears on the last day of each calendar month (each such date being an “Interest Payment Date”). In addition, accrued and unpaid interest shall be payable on the maturity of the Notes, whether by acceleration or otherwise, and on the date of any prepayment (with respect to the amount prepaid).

Appears in 1 contract

Samples: Note Purchase Agreement (Sonic Foundry Inc)

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Payment of Interest and Related Fees. Except as otherwise providedSubject to Section 3.1(c) below, the Borrower shall pay accrued interest in arrears on the last day of each calendar month (each such date being an “Interest Payment Date”). In addition, accrued and unpaid interest shall be payable on the maturity of the Notes, whether by acceleration or otherwise, and on the date of any prepayment (with respect to the amount prepaid).

Appears in 1 contract

Samples: Note Purchase Agreement (Radisys Corp)

Payment of Interest and Related Fees. Except as otherwise providedSubject to Section 3.1(e) below, the Borrower shall pay accrued interest in arrears on the last day of each calendar month (each such date being an “Interest Payment Date”). In addition, accrued and unpaid interest shall be payable on the maturity of the Notes, whether by acceleration or otherwise, and on the date of any prepayment (with respect to the amount prepaid).

Appears in 1 contract

Samples: Note Purchase Agreement (Numerex Corp /Pa/)

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Payment of Interest and Related Fees. Except as otherwise providedSubject to Section 3.1(c) below, the Borrower shall pay accrued interest in arrears on the last day of each calendar month (each such date being an “Interest Payment Date”)month. In addition, accrued and unpaid interest shall be payable on the maturity of the Notes, whether by acceleration or otherwise, and on the date of any prepayment (with respect to the amount prepaid).

Appears in 1 contract

Samples: Note Purchase Agreement (Top Image Systems LTD)

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