Common use of Time of Accrual Clause in Contracts

Time of Accrual. Interest shall accrue on all principal amounts outstanding from the date when first outstanding to the date when no longer outstanding. Amounts shall be deemed outstanding until payments are applied thereto as provided herein.

Appears in 25 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

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Time of Accrual. Interest shall accrue on all principal amounts outstanding from and including the date when first outstanding to but excluding the date when no longer outstanding. Amounts shall be deemed outstanding until payments are applied thereto as provided herein.

Appears in 3 contracts

Samples: Loan Agreement (Young Innovations Inc), Credit Agreement (Osullivan Industries Holdings Inc), Revolving and Term Loan Facility (Davel Communications Group Inc)

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