Scheduled Revolving Loan Payments. Unless sooner repaid, Borrower shall repay to Lender on the Revolving Loan Maturity Date the unpaid principal amount of each Revolving Loan made by Lender. Borrower shall pay accrued interest in arrears on the unpaid principal amount of each Revolving Loan (A) no later than the fifteenth day in each calendar month for the preceding calendar month, and (B) at Maturity.
Appears in 3 contracts
Samples: Credit and Security Agreement (Toro Co), Credit and Security Agreement, Credit and Security Agreement (Toro Co)
Scheduled Revolving Loan Payments. Unless sooner repaid, Borrower shall repay to Lender each Bank on the Revolving Loan Maturity Date the unpaid principal amount of each Revolving Loan made by Lendersuch Bank. Borrower shall pay accrued interest in arrears on the unpaid principal amount of each Revolving Loan (A) no later than on the fifteenth day last Business Day in each calendar month for and upon prepayment (to the preceding calendar month, extent thereof) and (B) at Maturitymaturity.
Appears in 2 contracts
Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)
