Common use of Interest Payment Clause in Contracts

Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last day of each calendar month, commencing on the last day of the calendar month following the calendar month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 with the amount of any interest payment due hereunder.

Appears in 4 contracts

Samples: Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.)

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Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last first day of each calendar month, commencing on the last first day of the calendar month following the calendar month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each The Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 with the amount of any interest payment due hereunder.

Appears in 4 contracts

Samples: Financing Agreement (Compass Group Diversified Holdings LLC), Financing Agreement (Mattress Holding Corp.), Financing Agreement (Eagle Family Foods Inc)

Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last day Business Day of each calendar month, commencing on the last day Business Day of the first full calendar month following the calendar month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 with the amount of any interest payment due hereunder.

Appears in 3 contracts

Samples: Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.)

Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last day of each calendar month, commencing on the last day of the calendar month following the calendar month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.

Appears in 3 contracts

Samples: Financing Agreement, Financing Agreement, Financing Agreement (Steel Partners Holdings L.P.)

Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last first day of each calendar month, commencing on the last first day of the calendar month following the calendar month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 with the amount of any interest payment due hereunder.

Appears in 2 contracts

Samples: Financing Agreement (Aaipharma Inc), Financing Agreement (Milacron Inc)

Interest Payment. Interest on each Loan shall be payable monthlyquarterly, in arrears, on the last day of each calendar monthquarter, commencing on the last day of the calendar month following the calendar month quarter in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demanddemand at the election of the Required Lenders. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement (Westmoreland Resource Partners, LP)

Interest Payment. Interest on each Loan shall be payable monthlyquarterly, in arrears, on the last day Business Day of each calendar monthJanuary, April, July, and October, commencing on the last day Business Day of the calendar month quarter following the calendar month quarter in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each The Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.

Appears in 1 contract

Samples: Financing Agreement (Vivint Solar, Inc.)

Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last day Business Day of each calendar month, commencing on the last day Business Day of the calendar month following the calendar month in which such Loan is made made, and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.

Appears in 1 contract

Samples: Financing Agreement (Waldencast Acquisition Corp.)

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Interest Payment. Interest on each Loan shall be payable (i) monthly, in arrears, on the last day Business Day of each calendar month, commencing on the last day Business Day of the calendar month following the calendar month in which such Loan is made and (ii) at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Post- Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.

Appears in 1 contract

Samples: Financing Agreement

Interest Payment. Interest on each Loan shall be payable (i) monthly, in arrears, arrears on the last day of each calendar month, commencing on the last day of the calendar month following the calendar month in which such Loan is made and (ii) at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.

Appears in 1 contract

Samples: Financing Agreement (Propel Media, Inc.)

Interest Payment. Interest on each Loan shall be payable (i) monthly, in arrears, on the last day Business Day of each calendar month, commencing on the last day Business Day of the calendar month following the calendar month in which such Loan is made and (ii) at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 4.01 with the amount of any interest payment due hereunder.. 55 US-DOCS\103792213.14

Appears in 1 contract

Samples: Financing Agreement (Hc2 Holdings, Inc.)

Interest Payment. Interest on each Loan shall be payable monthly, in arrears, on the last day of each calendar month, commencing on the last day of the calendar month following the calendar month in which such Loan is made and at maturity (whether upon demand, by acceleration or otherwise). Interest at the Post-Default Rate shall be payable on demand. Each Borrower The Borrowers hereby authorizes authorize the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account pursuant to Section 4.02 with the amount of any interest payment due hereunder.

Appears in 1 contract

Samples: Financing Agreement (LTV Corp)

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