Loan Interest Payment Date definition
Examples of Loan Interest Payment Date in a sentence
Interest with respect to each outstanding Bid Rate Loan shall be payable in arrears on and to each Bid Rate Loan Interest Payment Date applicable to that Bid Rate Loan, upon any prepayment of such Bid Rate Loan (to the extent accrued on the amount being prepaid) and at maturity.
The Borrowers shall pay to the Swing Line Lender interest on the unpaid principal balance of the aggregate outstanding balance of the Swing Line Loans in arrears, on each Libor Advantage Loan Interest Payment Date through and including the earlier of demand or the Expiry Date.
Interest on the Term Loan shall be due and payable, in arrears, on each Term Loan Interest Payment Date and also on the Term Loan Maturity Date.
The Agency shall repay the principal of the Loan in installments on each Loan Principal Payment Date and in the amounts, and shall pay interest on the unpaid principal balance of the Loan on each Loan Interest Payment Date and in the amounts, as set forth in Exhibit A attached hereto and by this reference incorporated herein.
In the event of such payment in Common Stock, the Company shall, within three Business Days of the Term Loan Interest Payment Date, deliver ratably to each Lender in accordance with its Term Loan Commitments certificates representing the number of shares of Common Stock determined by dividing the amount of such interest payment by 80% of the Volume Weighted Average Price as of such Term Loan Interest Payment Date.