Common use of Time For Interest Payments Clause in Contracts

Time For Interest Payments. Interest shall be due and payable in arrears on the last day of each month and on the Termination Date.

Appears in 11 contracts

Samples: Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Bionova Holding Corp)

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Time For Interest Payments. Interest accruing on Advances shall be due and payable in arrears on the last day of each month and on the Termination Date.

Appears in 3 contracts

Samples: Credit and Security Agreement (Corsair Components, Inc.), Credit and Security Agreement (Nortech Systems Inc), Credit and Security Agreement (Schuff International Inc)

Time For Interest Payments. Interest shall accrue from day to day and shall be due and payable in arrears on the last day of each month and on the Termination Date.

Appears in 2 contracts

Samples: Unsecured Credit Agreement (Britesmile Inc), Credit and Security Agreement (Britesmile Inc)

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Time For Interest Payments. Interest accruing on all Advances shall be due and payable in arrears on the last day of each month and on the Termination Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

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