Periodic Interest Payments. Accrued interest on the Loan shall be due and payable quarterly in arrears on the last day of December, March, June and September (each, a "Quarterly Payment Date") beginning on December 31, 1998. In addition, all accrued and unpaid interest shall be paid upon the payment in full of the entire outstanding principal amount of the Loan and, if payment in full is not paid when due, thereafter on demand.
Periodic Interest Payments. Amounts available in the Collateral Account as of each Payment Determination Date shall be distributed by the Collateral Agent in accordance with Proper Instructions from the Borrower, or the Servicer acting on its behalf (or by the Collateral Agent at the written direction of the Lender, if an Event of Default has occurred and is continuing), on the first following Payment Date in accordance with a Payment Calculation Report delivered to the Collateral Agent, and approved by, the Lender in accordance with the Servicing Agreement prior to such Payment Date, to pay accrued but unpaid interest (including Post-Petition Amounts, to the fullest extent permitted by applicable law, but excluding Contingent Interest) outstanding on the Loans.
Periodic Interest Payments. Accrued interest shall be due and payable quarterly in arrears on each of March 31, June 30, September 30 and December 31 of each year, commencing on December 31, 2002. The Borrower shall make its interest payment under each Bridge Note on each such payment date for the period from the previous payment date to such payment date by (i) making a cash payment to the Lenders in an amount equal to 13.0% per annum of the Principal balance outstanding under such Bridge Notes AND (ii) at the Borrower's election, (x) capitalizing 2.0% per annum of the aggregate Principal amount of the Bridge Notes and adding such amount to the aggregate Principal balance outstanding under the Bridge Notes, (y) making a cash payment to the Lenders in an amount equal to 2.0% per annum of the Principal balance outstanding under the Bridge Notes or (z) making a cash payment to the Lenders and capitalizing such remaining amount and adding such remaining amount to the aggregate Principal balance outstanding under the Bridge Notes such that the combined interest payment is equal to 2.0% per annum of the Principal balance outstanding under the Bridge Notes. Whenever any payment to be made hereunder or under any Bridge Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day. In addition, all accrued and unpaid interest on the Bridge Notes shall be paid upon the payment in full of the Principal and, if payment of Principal in full is not paid when due, thereafter on demand.
Periodic Interest Payments. 12 1.2.6.2. Principal Payments -- Amortization............
Periodic Interest Payments. Interest accrued under the Term Loan Facility will be due and payable monthly in arrears on the first calendar day following the end of each such month and on the first calendar day following the end of each Interest Period for any Portion accruing interest at an Adjusted LIBO Rate, commencing on the first such date after the Closing Date.
Periodic Interest Payments. Interest accrued under the Line of Credit Facility will be due and payable quarterly in arrears on the last day of each calendar quarter with respect to any Portion consisting of Prime Rate Advances and on the last day of each Interest Period for any Portion consisting of Adjusted LIBO Rate Advances.
Periodic Interest Payments. The Holders and Borrowers hereby amend the provisions of the Loans regarding the payment of interest as follows:
(a) Borrowers hereby jointly and severally agree to pay on January 2, 2002, to each Holder the following:
(1) for the period beginning on July 11, 2000 up to and including July 1, 2001, interest on the outstanding principal amount of such Holder's Loan at the rate of 13% per annum, calculated on the basis of a 360-day year for the actual number of days elapsed (such amount, the "Interim Interest Amount"); and
(2) for the period beginning on July 2, 2001 up to and including January 2, 2002, interest on the outstanding principal amount and Interim Interest Amount of such Holder's Loan at the rate of 16% per annum, calculated on the basis of a 360-day year for the actual number of days elapsed.
(b) Borrowers hereby further jointly and severally agree to pay to each Holder on each Interest Payment Date (as defined below), interest on the outstanding principal amount of such Holder's Loan for the applicable Interest Period (as defined below) at the rate of 13% per annum (calculated on the basis of a 360-day year for the actual number of days elapsed).
(c) The following terms, as used in this Section 2, shall have the following meanings:
Periodic Interest Payments. 6.2. Principal Payments -- Commitment Reduction . . . . . . . . . . . . . . . . . .
Periodic Interest Payments. Interest accrued under the Line of Credit Facility will be due and payable monthly in arrears on the first Business Day following the end of each calendar month with respect to any Portion consisting of Prime Rate Advances and on the last day of each Interest Period for any Portion consisting of Adjusted LIBO Rate Advances; PROVIDED, HOWEVER, that if any Interest Period for an Adjusted LIBO Rate Advance exceeds one month, interest on such Adjusted LIBO Rate Advance shall also be payable on each consecutive one-month anniversary of the first day of such Interest Period occurring prior to the last day of such Interest Period."
Periodic Interest Payments. The Principal shall bear interest on the unpaid balance thereof from the Closing Date until repayment of the Notes in full, and, subject to the Intercreditor Agreement, interest payments shall be due monthly in arrears commencing on September 1, 2008 and continuing on the first day of each succeeding month thereafter or if such day is not a Business Day, on the next succeeding Business Day, until paid (each such date, an “Interest Payment Date”). If the terms of the Intercreditor Agreement prohibit any interest payment to be paid in cash on an Interest Payment Date, such interest shall be paid in kind and the Principal of the Notes shall be increased by the amount of such interest payment (the “PIK Amount”). The Borrowers shall execute any new Notes or amendments to existing Notes as the Agent or any Lender may require that include the PIK Amount. All accrued and unpaid interest (including any PIK Amount) shall be paid in full on the Maturity Date. The Borrowers shall promptly deliver any officer’s certificate required by Section 2 of the Intercreditor Agreement.
