Common use of Periodic Interest Payments Clause in Contracts

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. 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 "each Quarterly Payment Date"Date commencing on the earlier of (i) beginning the first Quarterly Payment Date following the consummation of the Merger and (ii) the Quarterly Payment Date on December 31September 30, 19981997. In addition, all accrued and unpaid interest on the Loans shall be paid upon the payment in full of the entire outstanding principal amount of the Loan Principal and, if payment in full is not paid when due, thereafter on demand.

Periodic Interest Payments. Accrued interest on the Loan shall be due and payable quarterly in arrears on the last 15th day of Decembereach April, MarchJuly, June October and January of each year, commencing on October 15, 2000 (provided, however, that if the Second Closing Date occurs on or after September (each16, a "Quarterly Payment Date") beginning 2000, then payments shall commence on December 31January 15, 19982001). In addition, all accrued and unpaid interest shall be paid upon the payment in full of the entire outstanding principal amount of the Loan Principal and, if payment in full is not paid when due, thereafter on demand.

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 "each Quarterly Payment Date") beginning Date commencing on December 31September 30, 19982000. In addition, all accrued and unpaid interest shall be paid upon the payment in full of the entire outstanding principal amount of the Loan Principal and, if payment in full is not paid made when due, thereafter on demand.