Common use of Revolving Loan Interest and Payments Clause in Contracts

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable Margin. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthly, in arrears, commencing on September 1, 2009 and continuing on the first day of each calendar month thereafter, and on the Demand Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods), whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, bear interest payable on demand at the Default Rate.

Appears in 2 contracts

Samples: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

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Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the The principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthly, in arrears, commencing on September 1July 31, 2009 2010 and continuing on the first last day of each calendar month thereafter, and on the Demand Revolving Loan Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan Loan, and on the Demand Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (FreightCar America, Inc.)

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(bSECTION 2.1(B), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthly, in arrears, commencing on September [March 1], 2009 2002 and continuing on the first day of each calendar month thereafter, and on the Demand Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Arlington Hospitality Inc)

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthlyquarterly, in arrears, commencing on September 1April 30, 2009 2005 and continuing on the first last calendar day of each calendar month quarter thereafter, and on the Demand Revolving Loan Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate. Borrower shall receive telephonic notice from Bank of the amount of the Revolving Interest Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Huron Consulting Group Inc.)

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the applicable Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Base Rate Loans, shall be due and payable monthly, in arrears, commencing on September 130, 2009 2004 and continuing on the first day last Business Day of each calendar month thereafter, and on the Demand Revolving Loan Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Boyd Bros Transportation Inc)

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthlyquarterly, in arrears, commencing on September 1April 30, 2009 2003 and continuing on the first last calendar day of each calendar month quarter thereafter, and on the Demand Revolving Loan Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate. Borrower shall receive telephonic notice from Bank of the amount of the Revolving Interest Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Huron Consulting Group Inc.)

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Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthly, in arrears, commencing on September 1January 31, 2009 2004 and continuing on the first last Business day of each calendar month thereafter, and on the Demand Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans or Alternate Currency Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan or an Alternate Currency Loan and on the Demand Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Hutchinson Technology Inc)

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b)2.1, the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the applicable Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthly, in arrears, commencing on September January 1, 2009 2015, and continuing on the first day of each calendar month thereafter, and on the Demand Revolving Loan Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Synergetics Usa Inc)

Revolving Loan Interest and Payments. Except as otherwise provided in this Section 2.1(b), the principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate plus the Applicable MarginRate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are Prime Loans, shall be due and payable monthly, in arrears, commencing on September 1January 31, 2009 2004 and continuing on the first last Business day of each calendar month thereafter, and on the Demand Maturity Date. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time which are LIBOR Loans shall be payable on the last Business Day of each Interest Period Period, commencing on the first such date to occur after the date hereof, on the date of any principal repayment of a LIBOR Loan and on the Demand Maturity Date. Any amount of principal or interest on the Revolving Loans which is not paid when due (after all applicable grace periods)due, whether at stated maturity, by acceleration or otherwise, shall, at the option of the Agent, shall bear interest payable on demand at the Default Rate.

Appears in 1 contract

Samples: Loan Agreement (Hutchinson Technology Inc)

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