Current Pay Sample Clauses
Current Pay. Accrued interest on the unpaid principal balance of the Delayed Draw Term Loans outstanding from time to time in excess of the Delayed Draw PIK Interest shall be payable in cash monthly in arrears, in immediately available funds, on the first day of each month.
Current Pay. Accrued interest on the unpaid principal balance of the Closing Date Term Loans outstanding from time to time in excess of the Closing Date PIK Interest shall be payable in cash monthly in arrears, in immediately available funds, on the first day of each month.
Current Pay. Accrued interest on the unpaid principal balance of the Loan shall be payable monthly in arrears, in immediately available funds, on the last day of each month (the “Payment Date”). The initial Payment Date hereunder shall be February 28, 2014.