Common use of Interest on Advances Clause in Contracts

Interest on Advances. The Borrower shall pay to the Lender on the first banking day of each calendar month (the "Interest Payment Dates"), the first such date falling on October 1, 2000, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in Euros, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.

Interest on Advances. The Borrower shall pay to the Lender on the first banking day of each calendar month (the "Interest Payment DatesINTEREST PAYMENT DATES"), the first such date falling on October 1, 2000, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in Euros, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.

Interest on Advances. The Borrower shall pay to the Lender on the first banking day Banking Day of each calendar month (the "Interest Payment DatesINTEREST PAYMENT DATES"), the first such date falling on October May 1, 20002004, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in EurosU.S. Dollars, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.

Interest on Advances. The Borrower shall pay to the Lender on the first banking day Banking Day of each calendar month (the "Interest Payment Dates"), the first such date falling on October May 1, 20002004, Interest on the unpaid principal amount of each Advance made to it from the date of such Advance in EurosU.S. Dollars, until such principal amount shall be repaid in full, at the Interest Rate. Interest shall accrue from day to day and shall be compounded monthly in arrears.