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 applicable 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 monthly, in arrears, commencing on the first day of the first month following a draw on the Revolving Loans and continuing on the last day of each Interest Period, throughout and including the Interest Period in which the Revolving Loan Maturity Date occurs. From and after the Revolving Loan Maturity Date, or after the occurrence and during the continuation of an Event of Default (whichever is first), interest on the outstanding principal balance of the Revolving Loans, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.

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. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time, time shall be due and payable monthly, in arrears, commencing on May 1, 2016 and continuing on the first day of the first each calendar month following thereafter. If not sooner paid, a draw final payment of all outstanding principal and accrued interest shall be due and payable on the Revolving Loans and continuing on the last day of each Interest Period, throughout and including the Interest Period in which the Revolving Loan Maturity Date occurs. From and after the Revolving Loan Maturity Date. From and after maturity, or after the occurrence and during the continuation of an Event of Default (whichever is first)Default, interest on the outstanding principal balance of the Revolving Loans, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.

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. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time, shall be due and payable monthly, in arrears, commencing on March 1, 2006 and continuing on the first day of the first each calendar month following a draw thereafter, and on the Revolving Loans and continuing on the last day of each Interest Period, throughout and including the Interest Period in which the Revolving Loan Maturity Date occurs. From and after the Revolving Loan Maturity Date. From and after maturity, or after the occurrence and during the continuation of an Event of Default (whichever is first)Default, interest on the outstanding principal balance of the Revolving Loans, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.

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. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time, shall be due and payable monthly, in arrears, commencing on March 1, 2009 and continuing on the first day of the first each calendar month following a draw thereafter, and on the Revolving Loans and continuing on the last day of each Interest Period, throughout and including the Interest Period in which the Revolving Loan Maturity Date occurs. From and after the Revolving Loan Maturity Date. From and after maturity, or after the occurrence and during the continuation of an Event of Default (whichever is first)Default, interest on the outstanding principal balance of the Revolving Loans, at the option of the Bank, may accrue at the Default Rate and shall be payable upon demand from the Bank.

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. Accrued and unpaid interest on the unpaid principal balance of all Revolving Loans outstanding from time to time, shall be due and payable monthly, in arrears, commencing on the first fifth (5th) day of the first calendar month following a draw on the Revolving Loans initial disbursement of Loan proceeds and continuing on the last fifth (5th) day of each Interest Periodcalendar month thereafter so long as any Revolving Loans are outstanding, throughout and including the Interest Period in which the Revolving Loan Maturity Date occurs. From and after on the Revolving Loan Maturity Date. From and after maturity, or after the occurrence and during the continuation of an Event of Default (whichever is first)Default, interest on the outstanding principal balance of the Revolving Loans, at the option of the BankLender, may accrue at the Default Rate and shall be payable upon demand from the BankLender.