Interest Installments Sample Clauses

Interest Installments. Monthly payments of accrued, but unpaid interest only shall be due and payable on the 1st day of each month during the Term of the Loan, beginning on November 1, 2013 and with a like such installment being due and payable on the 1st day of each succeeding calendar month thereafter for the first three (3) months of the Term. Thereafter, payments will be due and payable per Section 2.4.1.
Sample 1
AutoNDA by SimpleDocs
Interest Installments. All accrued, but unpaid, interest on the Notes shall be due and payable, in arrears, on each Interest Payment Date, as applicable, and on the Maturity Date (or, if applicable, the applicable Extended Maturity Date). Notwithstanding anything to the contrary set forth in the Notes, Borrower shall pay all such interest to Agent for the pro rata account of each Lender.
Sample 1
Interest Installments. The Bond shall bear interest at the rate of 2.35% per annum, calculated on a 30/360-day basis. Issuer will repay the Bond by wire transfer to the Owner in accordance with written instructions delivered by the Owner, or by such other medium acceptable to the Issuer and to the Owner, in semi- annual installments, including interest on the outstanding principal balance on each February 1 and August 1 and principal on each February 1, with such payments beginning August 1, 2022 and with all such payments ending February 1, 2031. Payments of Principal shall be made consistent with the Schedule I affixed to the Bond, which such Schedule is incorporated herein and made a part of this Agreement by this reference.
Sample 1
Interest Installments. All accrued, but unpaid, interest on the Notes shall be due and payable, in arrears, on the fifteenth (15th) day of each calendar month. Notwithstanding anything to the contrary set forth in the Notes, Borrower shall pay all such interest to the Agent for the pro rata account of each Lender.
Sample 1
Interest Installments. The Bond shall bear interest at the rate of % per annum, calculated on a 30/360-day basis, inclusive of a loan servicing fee. Issuer will repay the Bond in semiannual installments, comprised of interest only payments on each February 1 and principal and interest payments on each August 1, beginning February 1, 2014, and ending August 1, 20 . Payments shall be made consistent with Schedule I affixed to the Bond. The interest rate on the Bond shall adjust and the Issuer shall owe the Purchaser the additional amount in the event of prepayment as set forth in Section 2.4.
Sample 1
Interest Installments. Interest on the outstanding principal balance under the Revolving/Term Loan shall be paid in arrears on the First (1st) day of each calendar quarter beginning on January 1, 1996.
Sample 1
Interest Installments. Beginning as of the date hereof (the "Amendment Date"), the outstanding principal balance of this Note shall bear interest, in arrears, at a rate per annum equal to nine percent (9 %). Interest shall be payable in installments, with the first installment due and payable on the earlier of (a) January 1, 2007 or (b) ten (10) days after the Effectiveness Date of a Registration Statement on Form SB-2, as defined in the Registration Rights Agreement. Subsequent installments shall be due and payable on the first day of each successive calendar quarter following the due date of the initial interest installment amount. (Each interest installment amount, an "Interest Installment Amount"; and each payment date for an Interest Installment Amount, an "Interest Payment Date.") Interest shall be computed on the basis of a 360-day year of twelve (12) 30-day months and shall accrue commencing as of the Amendment Date. Furthermore, upon the occurrence of an Event of Default (as defined in Section 2.1 hereof), to the extent permitted by law, the Maker will pay interest to the Holder, payable on demand, on the outstanding principal balance of the Note from the date of the Event of Default until such Event of Default is cured, at the rate of the lesser of fifteen percent (15%) and the maximum applicable legal rate per annum.
Sample 1
AutoNDA by SimpleDocs

Related to Interest Installments

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Recurring Instalment Payments 15.1 Where you have a Citibank ATM/Debit Card which allows you to make Card Transactions:

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Payment Dates Interest accrued on each Loan shall be payable, without duplication:

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

  • Interest Reset Dates The period between Interest Reset Dates will be the “Interest Reset Period.” Unless otherwise specified on the face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets: (1) daily—each business day; (2) weekly—the Wednesday of each week, with the exception of any weekly reset Floating Rate Note as to which the Treasury Rate is an applicable Interest Rate Basis, which will reset the Tuesday of each week; (3) monthly—the fifteenth day of each calendar month; (4) quarterly—the fifteenth day of March, June, September and December of each year; (5) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (6) annually—the fifteenth day of the month of each year specified on the face hereof; provided, however, that, with respect to a Floating Rate/Fixed Rate Note, the rate of interest thereon will not reset after the particular Fixed Rate Commencement Date. If any Interest Reset Date for this Floating Rate Note would otherwise be a day that is not a Business Day, the particular Interest Reset Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Reset Date will be the immediately preceding Business Day.

Time is Money Join Law Insider Premium to draft better contracts faster.