Common use of Scheduled Loan Payments Clause in Contracts

Scheduled Loan Payments. Borrower shall repay the principal amount of the Loans on the Maturity Date. Borrower shall pay accrued interest on the unpaid principal amount of each Loan in arrears (A) in the case of a Base Rate Loan, on the last day in each March, June, September and December, (B) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Loans, upon prepayment (to the extent thereof) and at maturity.

Appears in 2 contracts

Samples: Credit Agreement (Adac Laboratories), Credit Agreement (Adac Laboratories)

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Scheduled Loan Payments. Borrower shall repay the principal amount of the Loans on the Maturity Date. Borrower shall pay accrued interest on the unpaid principal amount of each Loan in arrears (Aa) in the case of a Base Rate Loan, on the last day in each March, June, September and December, (Bb) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (Cc) in the case of all Loans, upon prepayment (to the extent thereof) and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Novellus Systems Inc)

Scheduled Loan Payments. Borrower shall repay the principal amount of the Loans on the Maturity Date. Borrower shall pay accrued interest on the unpaid principal amount of each Loan in arrears (Ai) in the case of a Base Rate Loan, on the last day in each March, June, September and December, (Bii) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (Ciii) in the case of all Loans, upon prepayment (to the extent thereof) and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

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Scheduled Loan Payments. Borrower shall repay the principal amount of the Loans on the Maturity Date. Borrower shall pay accrued interest on the unpaid principal amount of each Loan in arrears (A) in the case of a Base Rate Loan, on the last day in each March, June, September and DecemberDecember (commencing March 31, 1996), (B) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Loans, upon prepayment (to the extent thereof) and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Lam Research Corp)

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