Common use of Revolving Loan Interest and Payments Clause in Contracts

Revolving Loan Interest and Payments. The principal amount of the Revolving Loans outstanding from time to time shall bear interest at the Revolving Interest Rate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time shall be due and payable quarterly, in arrears, on the last Business Day of each calendar quarter, beginning December 29, 2006 (each, a “Revolving Payment Due Date”), through and including the Revolving Payment Due Date immediately prior to the Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans that is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Interest Rate.

Appears in 3 contracts

Samples: Securities Purchase Agreement (GDBA Investments LLLP), Securities Purchase Agreement (BOCO Investments LLC), Securities Purchase Agreement (Across America Real Estate Corp)

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Revolving Loan Interest and Payments. The principal amount of the Revolving Loans outstanding from time to time shall bear interest at the applicable Revolving Interest Rate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time time, shall be due and payable quarterlymonthly, in arrears, commencing on February 1, 2023, and continuing on the last Business Day first day of each calendar quartermonth thereafter, beginning December 29, 2006 (each, a “Revolving Payment Due Date”), through and including the Revolving Payment Due Date immediately prior to on the Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans that which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Interest Rate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)

Revolving Loan Interest and Payments. The 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. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time shall be due and payable quarterlymonthly, in arrears, commencing on February 1, 2014 and continuing on the last Business Day first day of each calendar quartermonth thereafter, beginning December 29, 2006 (each, a “Revolving Payment Due Date”), through and including the Revolving Payment Due Date immediately prior to on the Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans that which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Interest Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (BG Staffing, Inc.)

Revolving Loan Interest and Payments. The principal amount of the Revolving Loans outstanding from time to time shall bear interest at the applicable Revolving Interest Rate. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time time, shall be due and payable quarterlymonthly, in arrears, commencing on October 26, 2023 and continuing on the last Business Day [same] day of each calendar quartermonth thereafter, beginning December 29, 2006 (each, a “Revolving Payment Due Date”), through and including the Revolving Payment Due Date immediately prior to on the Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans that which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Interest Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Digital Ally, Inc.)

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Revolving Loan Interest and Payments. The 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. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time time, shall be due and payable quarterlymonthly, in arrears, commencing on May 1, 2003 and continuing on the last Business Day first day of each calendar quartermonth thereafter, beginning December 29, 2006 (each, a “Revolving Payment Due Date”), through and including on the Revolving Payment Due Date immediately prior to the Revolving Loan Maturity Date. Any amount of principal or interest on the Revolving Loans that which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest payable on demand at the Default Interest Rate.

Appears in 1 contract

Samples: Loan and Security Agreement (Arlington Hospitality Inc)

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