Interest; Maturity Clause Samples

The 'Interest; Maturity' clause defines how interest accrues on outstanding amounts and specifies when those amounts become due for payment. Typically, this clause outlines the applicable interest rate, the method of calculation (such as simple or compound interest), and the date or event that triggers the obligation to pay the principal and any accrued interest. For example, it may state that unpaid balances will accrue interest at a set annual rate until the maturity date, at which point the full amount must be paid. The core function of this clause is to ensure both parties understand the financial consequences of delayed payments and to provide a clear timeline for repayment, thereby reducing disputes over payment terms.
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Interest; Maturity. The Loans shall bear interest at the rates specified in Section 3 hereof, and shall be payable and prepayable as set forth in Section 5 hereof. The stated maturity of the Loans is August 31, 2001.
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Interest; Maturity. Interest respecting the outstanding principal balance of the Loan will be charged to Borrower from time to time outstanding at the rate specified in this Agreement. Interest on the Loan will be based on the actual number of days elapsed in a given calendar month and an assumed 360-day year. All outstanding principal and accrued and unpaid interest thereon shall be due and payable on the Maturity Date (as hereinafter defined).
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Interest; Maturity. Interest on the Notes shall be paid semi-annually in arrears on each Interest Payment Date to Holders of record on the Record Date immediately preceding such Interest Payment Date. Interest on the Notes (and any interest added to the Principal Amount as Capitalized Interest) will accrue at a rate equal to 10% per annum, subject to increase as set forth in the following paragraphs below, from September [•], 2007 until maturity on September 30, 2012, subject to increase as set forth in the following paragraphs of this Section 1 of this Note and the Indenture. The Company will pay interest semi-annually in arrears on March 31 and September 30 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. Interest on the Notes (and any interest added to the Principal Amount as Capitalized Interest) shall accrue from the most recent date to which interest has been paid, or if no interest has been paid, from September 28, 2007, until the Principal Amount is paid or duly made available for payment; provided that the first Interest Payment Date shall be March 31, 2008. The interest rate to be borne by this Note shall be subject to increase based on the following; (i) Pursuant to, and as set forth in, the Registration Rights Agreement and the Indenture, the Company may be required to pay Additional Interests. (ii) Pursuant to, and as set forth in, the Indenture, the Company may be required to pay Special Interest. (iii) On any Interest Payment Date after September 30, 2009, if the Company’s consolidated cash flow, calculated on a trailing twelve month basis preceding the relevant Interest Payment Date, is equal or less than $10 million and the Equity Conditions has been satisfied (unless the applicable Holder has waived the satisfaction of such Equity Conditions), the Company may elect to add the Interest (other than Additional Interest, Special Interest and Late Charges) due on such Interest Payment Date to the Principal Amount of the Notes as Capitalized Interest at an interest rate per annum equal to 12% for such portion of the Interest that is paid as Capitalized Interest. (iv) The Company shall pay interest (including post petition interest in any proceeding under the Bankruptcy Law) on overdue principal, installments of interest or any other amounts due at the rate of 2% above the interest rate in effect ...
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Interest; Maturity. Interest on the principal balance of this Note from time to time outstanding shall accrue from the date hereof (the "Effective Date") at _____%,(1) compounded semi-annually. Interest shall accrue and be payable on each March 31 and September 30 and on the Maturity Date (defined below). Interest shall be computed on the basis of a year of a 365-day year and shall be paid for the actual number of days on which principal is outstanding. In any event, the entire outstanding principal balance of this Note, together with any accrued interest and other charges as may be due hereunder, shall be paid on the fifth anniversary of the Effective Date (the "Maturity Date").
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Interest; Maturity. (a) Interest on the Notes shall be payable at the rates and at the times set forth in the Notes. (b) As provided therein, the entire unpaid principal balance of the Notes shall be due and payable on the stated maturity date thereof.
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Interest; Maturity. Interest shall accrue on the unpaid principal amount of this Note from the Original Issuance Date at a rate equal to 8.00% per annum, compounded annually. Subject to Section 4, principal and any accrued but unpaid interest on this Note shall be due and payable on the earliest to occur of (a) the Term Date, (b) the closing of the Next Equity Financing and (c) receipt by the Company of written notice of the election of the Required Lenders to accelerate the Loans following the occurrence of an Event of Default.
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Interest; Maturity. Section 2.2 Written Confirmation; Rejection; Rescission................... 10 Section 2.3 Registrar and Paying Agent..................................
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Interest; Maturity. Interest on the Notes will be payable in cash and accrue semi-annually and at Maturity at the lower of (i) 9% per annum and (ii) the highest rate permitted by law, and will be paid at maturity. Interest on the Notes will be computed on the basis of a 360 day year of twelve 30 day months. The unpaid principal balance of all Notes, together with accrued and unpaid interest thereon, shall be due and payable in cash on the stated date of maturity of the Notes. The Notes will bear interest on overdue principal (including any overdue mandatory or optional payment of principal) and (to the extent legally enforceable) on any overdue installment of interest at the Default Rate from the date such payment is due, whether by acceleration or otherwise until paid.
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Interest; Maturity 
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Related to Interest; Maturity

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Post-Maturity Rates After the date any principal amount of any Loan is due and payable (whether on the Revolving Commitment Termination Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the Base Rate plus a margin of 2.00%.

  • Constant Maturity Swap Rate Notes If the Interest Rate Basis is the Constant Maturity Swap Rate, this Note shall be deemed a “Constant Maturity Swap Rate Note.” Unless otherwise specified on the face hereof, “Constant Maturity Swap Rate” means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Payment at Maturity On the Maturity Date, Borrower shall pay the entire remaining unpaid balance of the Loan, if any; all accrued and unpaid interest to the Maturity Date; and any other amounts payable under this Note and the other Loan Documents.

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.