Common use of Interest and Payments Clause in Contracts

Interest and Payments. The outstanding principal balance of this Note shall bear interest, from the date of each Advance made by Lender until repaid in full, (i) in the case of Base Rate Loans, at a per annum rate of interest equal to the Base Rate plus the Base Rate Margin and (ii) in the case of LIBOR Rate Loans, at a per annum rate of interest equal to the applicable LIBOR Rate plus the LIBOR Rate Margin, in each case as specified in the Credit Agreement, which interest shall be due and payable, quarterly in arrears, as provided in the Credit Agreement. Upon the Maturity Date or earlier upon termination of the Credit Agreement, the entire outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, shall be due and payable in full. The Borrower shall have the right to prepay the outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, in full or in part, as set forth in the Credit Agreement. All payments of principal, interest and any other sums on this Note due from the Borrower to Lender shall be made to Lender in lawful money of the United States of America in the manner set forth in the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Colorado Medtech Inc)

Interest and Payments. The outstanding principal balance of this Note shall bear interest, from the date of each Advance made by Lender until repaid in full, (i) in the case of Base Rate Loans, at a per annum rate of interest equal to the Base Rate plus the Base Rate Margin and (ii) in the case of LIBOR Rate Loans, at a per annum rate of interest equal to the applicable LIBOR Rate plus the LIBOR Rate Margin, in each case as specified in the Credit Agreement, which interest shall be due and payable, quarterly in arrears, as provided in the Credit Agreement. Upon the Maturity Date or earlier upon termination of the Credit Agreement, the entire outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, shall be due and payable in full. The Borrower shall have the right to prepay the outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, in full or in part, as set forth in the Credit Agreement. All payments of principal, interest and any other sums on this Note due from the Borrower to Lender shall be made to Lender in lawful money of the United States of America in the manner set forth in the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Colorado Medtech Inc)

Interest and Payments. The outstanding principal balance of this Note --------------------- shall bear interest, from the date of each Advance made by Lender until repaid in full, (i) in the case of Base Rate Loans, at a per annum rate of interest equal to the Base Rate plus the Base Rate Margin and (ii) in the case of LIBOR Rate Loans, at a per annum rate of interest equal to the applicable LIBOR Rate plus the LIBOR Rate Margin, in each case as specified in the Credit Agreement, which . Periodic payments of principal and interest shall be due and payable, quarterly payable in arrears, as provided in accordance with the Credit Agreement. Upon the Maturity Date or earlier upon termination of the Credit Agreement, the entire outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, shall be due and payable in full. The Borrower shall have the right to prepay the outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, in full or in part, as set forth in the Credit Agreement. All payments of principal, interest and any other sums on this Note due from the Borrower to Lender shall be made to Lender in lawful money of the United States of America in the manner set forth in the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Birner Dental Management Services Inc)

Interest and Payments. The outstanding principal balance of this Note --------------------- shall bear interest, from the date of each Advance made by Lender until repaid in full, (i) in the case of Base Rate Loans, at a per annum rate of interest equal to the Base Rate plus the Base Rate Margin and (ii) in the case of LIBOR Rate Loans, at a per annum rate of interest equal to the applicable LIBOR Rate plus the LIBOR Rate Margin, in each case as specified in the Credit Agreement, which interest shall be due and payable, quarterly in arrears, as provided in the Credit Agreement. Upon the Maturity Date or earlier upon termination of the Credit Agreement, the entire outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, shall be due and payable in full. The Borrower shall have the right to prepay the outstanding principal balance of this Note, together with all accrued but unpaid interest thereon and all other sums due hereunder, in full or in part, as set forth in the Credit Agreement. All payments of principal, interest and any other sums on this Note due from the Borrower to Lender shall be made to Lender in lawful money of the United States of America in the manner set forth in the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Birner Dental Management Services Inc)