Common use of Interest Payment Dates Clause in Contracts

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 23 contracts

Samples: Credit Agreement (Landauer Inc), Credit Agreement (Huron Consulting Group Inc.), Credit Agreement (Cpi Corp)

AutoNDA by SimpleDocs

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 10 contracts

Samples: Credit Agreement (FreightCar America, Inc.), Credit Agreement (Kanbay International Inc), Credit Agreement (Aar Corp)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period)Loan, upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 4 contracts

Samples: Credit Agreement (Huttig Building Products Inc), Credit Agreement (Primoris Services Corp), Credit Agreement (Primoris Services Corp)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day Business Day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 3 contracts

Samples: Credit Agreement (Fresh Brands Inc), Credit Agreement (Centene Corp), Assignment Agreement (Centene Corp)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last first day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three 3 months, on the threelast day of each 3-month anniversary of the first day interval of such Interest Period), upon a prepayment of such Loan, Loan in accordance with Section 2.10 and at maturitymaturity in cash. After maturity, maturity and at any time an Event of Default exists, all accrued interest on all Loans shall be payable in cash on demanddemand at the rates specified in Section 2.7.1.

Appears in 3 contracts

Samples: Credit Agreement (Compass Diversified Holdings), Assignment Agreement (Compass Group Diversified Holdings LLC), Credit Agreement (Rosetta Stone Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan, upon a prepayment of such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three (3) months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 3 contracts

Samples: Credit Agreement (Russ Berrie & Co Inc), Credit Agreement (Russ Berrie & Co Inc), Credit Agreement (Russ Berrie & Co Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last first day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the last day of each three-month anniversary of the first day interval of such Interest Period), upon a prepayment of such Loan, Loan in accordance with Section 2.10 and at maturity. After maturity, maturity and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (AmWINS GROUP INC), Second Lien Credit Agreement (AmWINS GROUP INC)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three monthsmonths if permitted under this Agreement, on the last day of each three-month anniversary of interval and, without duplication, the first last day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Financial Services Inc), Credit Agreement (Pioneer Financial Services Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturityon the Termination Date. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturitythe Termination Date, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (Continental Materials Corp), Credit Agreement (Continental Materials Corp)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the last day of each three-month anniversary of the first day interval of such Interest Period), upon a prepayment of such Loan, Loan in accordance with Section 2.10 and at maturity. After maturity, maturity and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (American Coin Merchandising Inc), Assignment Agreement (American Coin Merchandising Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, if at any time applicable, if ever, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be jointly and severally payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (Aviv REIT, Inc.), Credit Agreement (Aviv REIT, Inc.)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last first day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three 3 months, on the threelast day of each 3-month anniversary of the first day interval of such Interest Period), upon a prepayment of such Loan, Loan in accordance with Section 2.10 and at maturitymaturity in cash. After maturitymaturity and, and at the request of Required Lenders at any time an Event of Default exists, all accrued interest on all Term Loans shall be payable in cash on demanddemand at the rates specified in Section 2.7.1.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Performance Health Holdings Corp.), Second Lien Credit Agreement (Performance Health Holdings Corp.)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an a six-month Interest Period in excess of three monthsPeriod, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Option Care Inc/De)

Interest Payment Dates. Accrued interest on each Base Rate Loan ---------------------- shall be payable in arrears on the last day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Kv Pharmaceutical Co /De/)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default existsexists and is continuing, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Net Perceptions Inc)

AutoNDA by SimpleDocs

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last first day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a with respect to any LIBOR Loan with an Interest Period in excess of three (3) months, on the three-month anniversary of each day that is three (3) months after the first day of such Interest Period), but no less frequently than quarterly, upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Loan and Security Agreement (Kingsway Financial Services Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last FIRST day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such LIBOR Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three (3) months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such LIBOR Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Revolving Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Uti Worldwide Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Revolving Loan, upon a prepayment of such Revolving Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three (3) months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Revolving Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Russ Berrie & Co Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last first day of each calendar quarter month, upon a prepayment of such Loan and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Titan International Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last first day of each calendar quarter and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Proquest Co)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the last day of each three-month anniversary of the first day interval of such Interest Period), upon a prepayment of such Loan, Loan in accordance with Section 2.10.3 and at maturity. After maturity, maturity and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Dwyer Group Inc)

Interest Payment Dates. Accrued interest on each Base Rate Loan shall be payable in arrears on the last day of each calendar quarter month and at maturity. Accrued interest on each LIBOR Loan shall be payable on the last day of each Interest Period relating to such Loan (and, in the case of a LIBOR Loan with an Interest Period in excess of three months, on the three-month anniversary of the first day of such Interest Period), upon a prepayment of such Loan, and at maturity. After maturity, and at any time an Event of Default exists, accrued interest on all Loans shall be payable on demand.. 14766353\V-9

Appears in 1 contract

Samples: Credit Agreement (Westell Technologies Inc)

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