Interest Payment Terms. Interest shall be payable monthly, in arrears, beginning October 10, 2002 and continuing on the same calendar day of each consecutive month thereafter until December 31, 2003 (the “Maturity Date”), when all accrued but unpaid interest is due and payable in full.” In furtherance thereof, the “Revolving Maturity Date”, as defined in Exhibit A to the Loan Agreement is hereby modified to be and mean December 31, 2003.
Interest Payment Terms. (a) [Reserved].
Interest Payment Terms. Interest (at the rates described above) on the outstanding principal balance shall be payable monthly beginning July 5, 2013 and consecutively on the same day of each such calendar period thereafter, with any accrued but unpaid interest due and payable in full at Maturity.
Interest Payment Terms. (a) The Total Loan Amount shall bear interest at a rate per annum equal to 12% per annum.
Interest Payment Terms. Borrower hereby agrees to pay to Lender the Accrued Interest under the Prior Note in two (2) installments as follows: (a) One Hundred Sixty-Seven Thousand Dollars ($167,000) due upon execution of this Agreement (the “First Interest Payment”), and (b) One Hundred Forty-Five Thousand Six and 13/100 Dollars ($145,006.13) due on January 4, 2021 (the “Second Interest Payment”). In addition to the First Interest Payment, Borrower shall also pay to Lender the sum of Thirty-Three Thousand Dollars ($33,000) as a fee to induce and otherwise compensate Lender for the immediate release of the loan security as provided in Article 3 below, thereby resulting in a total payment due upon execution of this Agreement in the amount of Two Hundred Thousand Dollars ($200,000). In addition to the Second Interest Payment, Borrower shall pay to Lender the sum of Fifty-Four Thousand Nine Hundred Ninety-Three and 87/100 Dollars ($54,993.87) as a credit against interest due and payable under the New Note defined below, thereby resulting in a total payment due on January 4, 2021, in the amount of Two Hundred Thousand Dollars ($200,000).
Interest Payment Terms. The Maker shall pay to the Holder an interest amount of Six Thousand Five Hundred Dollars ($6,500.00) to be paid in a lump sum disbursement on February 25, 2009.
Interest Payment Terms. Payments under this Note include an interest component and a principal component. The principal component is set forth in Section 2.2 below. The interest component shall be paid as follows: interest shall be payable monthly, in arrears, beginning the first day of the first calendar month following the closing of the Loan (the “Closing Date”) and continuing on the same calendar day of each consecutive month thereafter until the Maturity Date (defined below), when all accrued but unpaid interest is due and payable in full.
Interest Payment Terms. (a) The Total Loan Amount shall bear interest on the outstanding principal amount thereof, for each day from the date the Total Loan Amount was lent until such shall become due, at a rate per annum equal to LIBOR plus two (2%) percent per annum, which rate shall be adjusted monthly on the tenth (10th) day of each month ("Roll Over Date"). However, if the Roll Over Date is not a Business Day it shall be extended so as to end on the next succeeding Business Day unless the same would fall in a different calendar month, in which case such the Roll Over Date shall be the next preceding Business Day
Interest Payment Terms. [BGSF] Amended and Restated Credit Agreement
Interest Payment Terms
