Common use of Payment of Interest Clause in Contracts

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).

Appears in 66 contracts

Samples: Amendment and Restatement Agreement (Ferguson PLC), Revolving Facility Agreement (Ferguson PLC), Revolving Facility Agreement (Sibanye Gold LTD)

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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 Monthly intervals after the first day of the Interest Period).

Appears in 41 contracts

Samples: Bridge Facility Agreement, Revolving Facility Agreement (Manchester United PLC), Unsecured NGN Term Facility Agreement (IHS Holding LTD)

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 six-monthly intervals after the first day of the Interest Period).

Appears in 10 contracts

Samples: Senior Revolving Facility Agreement (Evotec SE), Term Loan Facilities Agreement, Senior Secured Credit Facilities Agreement

Payment of Interest. The Each 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 Months6 (six) months, on the dates falling at six monthly 6 (six) Monthly intervals after the first day of the relevant Interest Period).

Appears in 9 contracts

Samples: Credit Facility Agreement, Credit Facilities Agreement (Gold Fields LTD), Credit Facility Agreement (Gold Fields LTD)

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

Appears in 3 contracts

Samples: Second Supplemental Facility Agreement (Paradigm Ltd.), Facility Agreement (Harsco Corp), Facility Agreement (Harsco Corp)

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

Appears in 3 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (Navios Maritime Holdings Inc.), Facilities Agreement (International Shipping Enterprises, Inc.)

Payment of Interest. The Borrower to which a Loan has been made shall pay accrued interest on that each Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, calculated on the dates falling at six monthly intervals after the first day basis of the Interest Periodactual number of days elapsed in a year of 360 days).

Appears in 2 contracts

Samples: Facility Agreement (Sterlite Industries (India) LTD), Facility Agreement (Sterlite Industries (India) LTD)

Payment of Interest. The Each 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 Monthsmonths, on the dates falling at six monthly intervals after the first day of the Interest Period).

Appears in 2 contracts

Samples: Facilities Agreement (Inveresk Research Group LTD), Facilities Agreement (Inveresk Research Group Inc)

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

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Facility Agreement (Misys PLC), Multicurrency Revolving Facility Agreement (Misys PLC)

Payment of Interest. The (a) Each Borrower to which a Loan has been made shall pay accrued interest on that Loan each Advance made to it 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).

Appears in 1 contract

Samples: Multi Currency Revolving Credit Agreement (Abb LTD)

Payment of Interest. (a) 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 any Interest Period is longer than six Months, on the dates falling at six monthly Monthly intervals after the first day of the that Interest Period).

Appears in 1 contract

Samples: Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc/Pa)

Payment of Interest. The (a) Each Borrower to which a Loan has been made shall pay accrued interest on that each Loan made to it 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).

Appears in 1 contract

Samples: Facilities Agreement (Abb LTD)

Payment of Interest. The Borrower to which a Loan has been made shall pay accrued interest on that Loan on On the last day of each Interest Period the Borrower shall pay accrued interest on the Loan to which that Interest Period relates (and, if the Interest Period is longer than six 6 Months, on the dates falling at six monthly 6 Monthly intervals after the first day of the Interest Period).

Appears in 1 contract

Samples: Credit Agreement (Sappi LTD)

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