Common use of Interest and Payments Clause in Contracts

Interest and Payments. The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of all advances under the Loan in accordance with the Term Note. All payments of principal, interest and fees under this Agreement shall be made when due to the Bank in immediately available funds. All computations of interest shall be made by the Bank on the basis of the actual number of days elapsed in a year of 360 days. Whenever any such payment shall be due on a non-Business Day such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest. The Bank is expressly authorized to charge any principal or interest payment, when past due, to any account maintained by Borrower at the Bank.

Interest and Payments. The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of all advances under the Loan Advances in accordance with the Term NoteNotes. All payments of principal, interest and fees under this Agreement shall be made when due to the Bank in immediately available funds. All computations of interest shall be made by the Bank on the basis of the actual number of days elapsed in a year of 360 days. Whenever any such payment shall be due on a non-Business Day Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest. The Bank is expressly authorized to charge any principal or interest payment, when past due, to the Borrower's demand deposit account maintained at the Bank, or, if that account shall not contain sufficient funds, to any other account maintained by the Borrower at the Bank.

Interest and Payments. The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of all advances under the Term Loan in accordance with the Term Note. All payments of principal, interest and fees under this Agreement shall be made when due to the Bank in immediately available funds. All computations of interest shall be made by the Bank on the basis of the actual number of days elapsed in a year of 360 days. Whenever any such payment shall be due on a non-Business Day Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interestinterest or fees, as the case may be. The Bank is expressly authorized to charge any principal principal, interest or interest fee payment, when past due, to Borrower's demand deposit account maintained at the Bank, or, if that account shall not contain sufficient funds, to any other account maintained by the Borrower at the Bank.

Interest and Payments. The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of all advances under the Loan Advances in accordance with the Term Note. All payments of principal, principal and interest and fees under this Agreement shall be made when due to the Bank in immediately available funds. All computations of interest shall be made by the Bank on the basis of the actual number of days elapsed in a year of 360 days. Whenever any such payment shall be due on a non-non- Business Day Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest, as the case may be. The Bank is expressly authorized to charge any principal or interest payment, when past due, to Borrower's demand deposit account maintained at the Bank, or, if that account shall not contain sufficient funds, to any other account maintained by Borrower at the Bank.