Interest Due Date definition

Interest Due Date means the last Business Day of each calendar month during the term hereof (or, if Customer makes special arrangements with MLPF&S, the last Friday of each calendar month during the term hereof).

Interest Due Date means the first Business Day of each calendar month during the term hereof.

Interest Due Date. Interest shall be due and payable as provided in the Agreement. The Loan and all other Indebtedness evidenced hereby not paid before the Maturity Date shall be due and payable on the Maturity Date.

Examples of Interest Due Date in a sentence

• Unless otherwise hereafter directed in writing by MLBFS on or after the first to occur of the Maturity Date or the date of termination of the WCMA Line of Credit pursuant to the terms hereof, such interest will be automatically charged to the WCMA Account on the applicable Interest Due Date, and, to the extent not paid with free credit balances or the proceeds of sales of any Money Accounts then in the WCMA Account, as hereafter provided, paid by a WCMA Loan and added to the WCMA Loan Balance.

• The Borrower shall pay interest on each Advance in arrears on each Interest Due Date in respect of such Advance.

• Unless otherwise hereafter directed in writing by MLBFS on or after the Termination Date, such interest will be automatically charged to the WCMA Account on the applicable Interest Due Date, and, to the extent not paid with free credit balances or the proceeds of sales of any Money Accounts then in the WCMA Account, as hereafter provided, such interest will be paid by a Subsequent WCMA Loan and added to the WCMA Loan Balance.

• Interest on each scheduled Principal Amount of this Note due as of a given date specified on Schedule P&I hereto shall accrue at the related per annum rate specified on Schedule P&I from (and including) the Conversion Date to (but excluding) such Principal Due Date or, if applicable, to the applicable Interest Due Date on which an Optional Redemption (as defined below) occurs.

• Certain Principal Amounts that are indicated as being eligible for Optional Redemption on Schedule P&I may be paid, in whole or in part, at the option of the Borrower as of any Interest Due Date on or after the date specified in such schedule (an "Optional Redemption").

More Definitions of Interest Due Date

Interest Due Date means the 15th calendar day of each month in which the Lender has sent a statement of interest due pursuant to the terms of Section 2.6(b).

Interest Due Date the day on which the Borrower must pay to the Bank the interest due on the outstanding amount of the Loan; this corresponds to either the last day of an Interest Period or the Final Repayment Date.

Interest Due Date has the meaning specified in Section 1.2(c) hereof.

Interest Due Date means the date upon which interest on a loan is due and payable in accordance with the terms of this Agreement.

Interest Due Date means the dates on which interest payments on the Notes are due as set forth herein and in the Notes.

Interest Due Date means September 30, 2010, December 31, 2010, March 31, 2011, and on the Maturity Date, whenever same occurs.

Interest Due Date means either the 15th day of January or the 15th day of July in each year or both such days in each year (as the context may require)