Interest Payment Schedule Sample Clauses
The Interest Payment Schedule clause defines when and how interest payments are to be made under an agreement. It typically specifies the frequency of payments—such as monthly, quarterly, or annually—and may outline the calculation method for the interest due on outstanding amounts. By clearly setting out the timing and method of interest payments, this clause ensures both parties understand their financial obligations and helps prevent disputes over payment timing or amounts.
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Interest Payment Schedule. As referenced in Paragraph 1 of the Note, the Maker shall pay the Holder interest on the following schedule:
Interest Payment Schedule. Interest on the principal amount of the Debentures shall be payable quarterly in arrears commencing with the calendar quarter ending March 31, 2009 and on the last day of each calendar quarter thereafter (each, an “Interest Payment Date”) until the Maturity Date. The Issuer shall pay such interest in cash to the Holders on the third (3rd) Business Day immediately preceding the end of said quarter. If an Interest Payment Date is not a Business Day, interest shall be payable on the next preceding Business Day.
Interest Payment Schedule. Interest payments shall be made monthly in an amount equal to all interest accrued during the prior calendar month. Such interest payments shall be made each Monthly Payment Date commencing with the Monthly Payment Date in the month immediately following the month this Agreement is executed and continuing thereafter. All accrued interest outstanding on the Expiration Date is due and payable in full on the Expiration Date.
Interest Payment Schedule. Interest shall be paid on the unpaid principal amount of this Note (including any PIK Interest) in accordance with the following schedule (each date indicated below is referred to herein as a “Payment Date”), subject to the right of Holder to elect to convert Current Pay Interest to PIK Interest pursuant to Section 2(a):
(i) Company shall pay Holder all accrued but unpaid Current Pay Interest on the on the last day of each of the following months January, April, July and October, beginning with the first Payment Date of [July 30, 2019]; and
(ii) PIK Interest shall be payable by adding such accrued interest to the outstanding principal amount of this Note on the last day of each of the following months January, April, July and October, beginning with the first Payment Date of [July 30, 2019].
Interest Payment Schedule. Interest under this Note shall be due and payable quarterly in arrears on the March 15, June 15, September 15 and December 15 of each calendar year, commencing September 15, 2008, until this Note is paid in full. Interest shall also be due and payable when this Note shall become due and payable (whether at maturity, earlier call or otherwise). After an Event of Default (as defined in Section 6.0 below), interest shall also be due and payable upon demand from time to time by the Holder.