Payment of Loans. The Borrower shall promptly pay the principal of and interest on the Loans on the dates and in the manner provided in this Agreement. Principal or interest shall be considered paid on the date due if on such date the Administrative Agent holds in accordance with this Agreement money sufficient to pay all principal and interest then due and the Administrative Agent is not prohibited from paying such money to the Lenders on that date pursuant to the terms of this Agreement.
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Samples: Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Holdings, Inc.)
Payment of Loans. (a) The Borrower agrees that it shall promptly pay the principal of and interest on the Loans on the dates and in the manner provided in this Agreement. Principal An installment of principal of or interest shall be considered paid on the date due if on such date the Administrative Agent holds in accordance with this Agreement as of 12:00 p.m. Eastern time money sufficient to pay all principal and interest then due and the Administrative Agent is not prohibited from paying such money to the Lenders on that date pursuant to the terms of this Agreement.
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Samples: Credit Agreement (Rexnord Corp)
Payment of Loans. The Borrower shall promptly pay the principal of and interest on the Loans on the dates and in the manner provided in this Agreement. Principal or and interest shall be considered paid on the date due if on such date the Administrative Agent holds receives from the Borrower in accordance with this Agreement money sufficient to pay all principal and interest then due due. The Borrower shall pay interest on overdue principal at the rate specified therefor in this Agreement, and it shall pay interest on overdue installments of interest at the Administrative Agent is not prohibited from paying such money same rate to the Lenders on that date pursuant to the terms of this Agreementextent lawful.
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