Repayment of Loans; Interest. (a) Borrower hereby promises to repay in full in Dollars on the Maturity Date, the aggregate principal amount of the Loans then outstanding.
(b) Borrower hereby promises to pay to Agent for the account of Lender interest on the unpaid principal amount of each Loan for the period from and including the date of such Loan to but excluding the date such Loan shall be paid in full, at a rate per annum equal to the Contract Rate. Notwithstanding the foregoing, at all times when an Event of Default exists, Borrower hereby promises to pay to Agent for the account of Lender interest at the Default Rate on the entire outstanding principal balance of the Loans and on any other amount payable by Borrower hereunder or under the Note. Accrued interest on each Loan shall be payable monthly in arrears on the first (1st) Business Day of each month and on the Maturity Date; provided, that, Agent may, in its sole discretion, require accrued interest to be paid simultaneously with any prepayment of principal made by Borrower on account of any of the Loans outstanding. Promptly after the determination of any interest rate provided for herein or any change therein, Agent shall endeavor to give notice thereof to Borrower.
(c) It is understood and agreed that, unless and until a Default shall have occurred and be continuing, Borrower shall be entitled to the proceeds of the Mortgage Loans and the Pledged Securities pledged to Agent, for the benefit of Lender hereunder. At any time while a Default has occurred and is continuing, upon notice from Agent, Borrower shall promptly deliver to Agent all proceeds of the Mortgage Loans and the Pledged Securities pledged to Agent, for the benefit of Lender hereunder.
Repayment of Loans; Interest. (a) Each outstanding Loan shall mature, and the principal amount thereof shall be payable, on the Termination Date.
(b) Each Loan made by the Lenders shall be a LIBOR Rate Loan (unless converted to a Federal Funds Rate Loan in accordance with Section 2.14) and shall bear interest on the unpaid principal amount thereof for the period from and including the Funding Date with respect to such Loan to but excluding the date such Loan shall be paid in full. Each LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable Margin, and each Federal Funds Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to each Lender interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by the Borrower hereunder or under any Note or any other Loan Document that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise), for the period from and including the due date thereof to but excluding the date the same is paid in full (both before and after judgment).
(c) Accrued interest on each Loan shall be payable on each Interest Payment Date, on the date of any prepayment of any Loan (other than a Loan secured by Trade Receivables prepaid in accordance with Section 4.10(d)) and on the Termination Date, except that interest payable at the Post-Default Rate shall be payable from time to time on demand.
Repayment of Loans; Interest. (a) The Borrower hereby promises to repay in full on the Termination Date the then aggregate outstanding principal amount of the Loans.
(b) The Borrower hereby promises to pay to the Lender interest on the unpaid principal amount of each Loan for the period from and including the date such Loan is advanced to but excluding the date such Loan shall be paid in full, at a rate per annum (the "Interest Rate") equal to the Eurodollar Rate plus the Applicable Margin. Notwithstanding the foregoing, the Borrower hereby promises to pay to the Lender interest at the applicable Post-Default Rate on the principal amount of any Loan outstanding and on any other amount payable by the Borrower hereunder or under the Note that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise) for the period from and including the due date thereof to but excluding the date the same is paid in full. Accrued interest on each Loan shall be payable monthly on the first Business Day of each month and for the last month of the Loan Agreement on the first Business Day of such last month and on the Termination Date, except that interest payable at the Post-Default Rate shall accrue daily and shall be payable upon such accrual. Promptly after the determination of any interest rate provided for herein or any change therein, the Lender shall give notice thereof to the Borrower. The Lender shall, prior to each due date hereunder, deliver notice to the Borrower of the amount due on such due date together with the Lender's calculation thereof.
(c) It is understood and agreed that, unless and until an Event of Default shall have occurred and be continuing, the Borrower shall be entitled to the proceeds of the Mortgage Loans pledged to the Lender hereunder.
Repayment of Loans; Interest. (a) Borrower hereby promises to repay in full on the Termination Date the aggregate outstanding principal amount of the Loans.
(b) Borrower hereby promises to pay to Lender interest on the unpaid principal amount of each Loan for the period from and including the date of such Loan to but excluding the date such Loan shall be paid in full, at a rate per annum equal to the Eurodollar Rate plus the applicable Eurodollar Rate Spread. Notwithstanding the foregoing, Borrower hereby promises to pay to Lender, to the extent permitted by applicable law, interest at the applicable Post-Default Rate on any principal of any Loan and on any other amount payable by Borrower hereunder or under the Note that shall not be paid in full when due (whether at stated maturity, by acceleration or by mandatory prepayment or otherwise) for the period from and including the due date thereof to but excluding the date the same is paid in full. Payment and acceptance of interest pursuant to this subsection shall not constitute a waiver of any Default and shall not otherwise limit or prejudice any right of Lender hereunder. In no event shall Lender be entitled to receive any proceeds received from any Collateral Obligor in connection with the refinancing and/or final distribution to Lender with respect to any Eligible Collateral to the extent same exceeds the sums provided to be paid to Lender under Section 7.l6 of this Loan Agreement.
Repayment of Loans; Interest. (a) The Revolving Loan will be evidenced by, and the Borrowers shall repay the Revolving Loan in accordance with, the Revolving Promissory Note of even date herewith executed by the Borrowers in the maximum principal amount of the Revolving Loan (as amended, modified, replaced, restated, extended or renewed from time to time, the “Revolving Note”). Interest will accrue on the outstanding principal balance of the Revolving Loan as described in the Revolving Note, except as otherwise provided in this Agreement.
(b) The Equipment Term Loan will be evidenced by, and the Borrowers shall repay the Equipment Term Loan in accordance with, the Equipment Term Promissory Note of even date herewith executed by the Borrowers in the original principal amount of the Equipment Term Loan (as amended, modified, replaced, restated, extended or renewed from time to time, the “Equipment Term Note”). Interest will accrue on the outstanding principal balance of the Equipment Term Loan as described in the Equipment Term Note, except as otherwise provided in this Agreement.
Repayment of Loans; Interest. 19 3.02. Payments..............................................................................................20 3.03. Computations..........................................................................................21 3.04. U.S. Taxes............................................................................................21
Repayment of Loans; Interest. 2 Section 2. CLOSING..............................................................2
Repayment of Loans; Interest. Borrower shall repay the principal of the loans hereunder, and such loan shall bear interest, as set forth in the Notes.
Repayment of Loans; Interest. (a) The Borrower shall pay to the Lender the then unpaid aggregate outstanding principal amount of all Loans on the Maturity Date.
(b) Each Loan shall bear interest at a fixed interest rate of ten percent (10%) per annum from the date such Loan is made until such Loan is finally and indefeasibly paid in full. Accrued interest on each Loan shall be due and payable on the Maturity Date, provided that any interest accrued pursuant to paragraph (c) of this Section shall be payable on demand.
(c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a fixed interest rate of twelve percent (12%) per annum.
(d) All interest hereunder shall be computed on the basis of a year of 360 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
Repayment of Loans; Interest. 22 2.06 Prepayments..........................................................22 2.07
