Payment of Principal and Interest; Method of Payment. This Section 3.01 shall, with respect to the Notes, replace Section 4.01 of the Base Indenture in its entirety. The Company covenants and agrees that it shall duly and punctually pay or cause to be paid the principal of and interest on each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.
Payment of Principal and Interest; Method of Payment. 1.1. Payment, if any, of the principal and accrued interest on this Note shall be made in cash, in immediately available funds, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. Interest (computed on the basis of a 360-day year of twelve 30-day months) shall accrue on the unpaid portion of said principal amount from time to time outstanding at the Stated Interest Rate (as defined below), and shall be paid by the Company to the Payee in arrears on the last day of each calendar quarter unless required to be paid earlier by the terms of the Loan Agreement. Both principal hereof and interest hereon are payable at such address as the Holder shall designate from time to time by written notice to the Company. The Company will pay or cause to be paid all sums becoming due hereon for principal and interest by check or wire transfer, at the Holder’s election, and, without any requirement for the presentation of this Note or making any notation thereon, except that the Holder hereof agrees that payment of the final amount due shall be made only upon surrender of this Note to the Company for cancellation. Prior to any sale or other disposition of this instrument, the Holder hereof agrees to endorse hereon the amount of principal paid hereon and the last date to which interest has been paid hereon and to notify the Company of the name and address of the transferee. As used herein, the “
Payment of Principal and Interest; Method of Payment. The Company covenants and agrees that it shall duly and punctually pay or cause to be paid the principal of and interest (including Additional Interest, if any), on each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.
Payment of Principal and Interest; Method of Payment. RECORD DATE
Payment of Principal and Interest; Method of Payment. 1.1. Payment of the Principal Amount and accrued interest on this Note shall be made in cash, in immediately available funds, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. Interest (computed on the basis of a 360-day year of twelve 30-day months) shall accrue on the unpaid portion of the Principal Amount from time to time outstanding at the Stated Interest Rate (as defined below), and shall be, at the option of the Borrower (unless required to be paid earlier by the terms of the Loan Agreement): (a) upon not less than five (5) Business Days’ prior written notice to the Holder, paid by the Borrower to the Holder in arrears on the last day of
Payment of Principal and Interest; Method of Payment. No interest shall accrue on this Note from the date hereof through and including April 30, 1997. Thereafter, interest on the unpaid portion of said principal amount from time to time outstanding shall be paid by the Company at the rate of one percent per annum over the prime rate charged from time to time by Citibank N.A. (the "Stated Interest Rate") as of April 30, 1997 and as adjusted on the last day of each 6-month period thereafter, said interest payable to the Payee monthly commencing June 1, 1997 and for each of the six consecutive calendar months thereafter, followed by sixty monthly consecutive level payments of principal and together with interest, with the final maturity of this Note on April 30, 2002. Assuming no prepayments by the Company pursuant to Section 10 hereof, the first six payments hereunder shall be $____________ each, and the next sixty payments hereunder shall be $___________ each. If any installment of principal or interest on this Note is not paid within thirty (30) days of the applicable Payment Date, all amounts remaining owing under this Note shall bear interest at the rate of 2% over the otherwise applicable stated Interest Rate, to the extent that payment of such interest on overdue amounts is enforceable under applicable law, until all such arrearages have been cured by the Company. The Company will pay or cause to be paid all sums becoming due hereon for principal and interest by check sent to the Holder's above address or to such other address as Holder may designate for such purpose from time to time by written notice to the Company, without any requirement for the presentation of this Note or making any notation thereon except that the Holder hereof agrees to endorse hereon the amount of principal paid hereon and the last date to which interest has been paid hereon and to notify the Company of the name and address of any transferee.
Payment of Principal and Interest; Method of Payment. Defaulted Amounts 20 Section 3.02 Provisions as to Paying Agent 22 Section 3.03 SEC Filings and Reports 23 Section 3.04 [Reserved] 23 Section 3.05 Compliance Certificate 23 Section 3.06 Stay, Extension and Usury Laws 23 Section 3.07 Delivery of Certain Information 23 Section 3.08 Rule 144 Additional Interest 24
Payment of Principal and Interest; Method of Payment
