Common use of Interest accrued Clause in Contracts

Interest accrued. on the Loans shall be due on the earliest of (i) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (ii) the occurrence of an Event of Default in consequence of which Lender elects to accelerate the maturity and payment of the Obligations or (iii) termination of this Agreement pursuant to Section 4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Electronics Boutique Holdings Corp)

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Interest accrued. on the Loans shall be due on the -------- earliest of (i) the first calendar day of each calendar month (for the immediately preceding calendar month), computed through the last calendar day of the preceding calendar month, (ii) the occurrence of an Event of Default in consequence of which Lender elects Agent or Required Lenders elect to accelerate the maturity and payment of the Obligations or (iii) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Interest accrued. on the Loans Term Loan shall be due on the earliest of -------- (i) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, and (ii) the occurrence of an Event of Default in consequence of which Lender elects to accelerate the maturity and payment of the Obligations or (iii) termination of this Agreement pursuant to Section 4 hereof.Obligations. 3.1.3

Appears in 1 contract

Samples: Loan and Security Agreement (Jayhawk Acceptance Corp)

Interest accrued. on the Revolving Credit Loans shall -------- be due on the earliest of (i) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (ii) the occurrence of an Event of Default in consequence of which Lender elects to accelerate the maturity and payment of the Obligations or (iii) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

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Interest accrued. on the Revolving Credit Loans shall be due on the earliest of (i) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (ii) the occurrence of an Event of Default which results in consequence acceleration of which Lender elects to accelerate the maturity and payment of the Obligations or (iii) termination of this Agreement pursuant to Section 4 hereofhereof or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowecom Inc)

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