Common use of Interest Prepayment Clause in Contracts

Interest Prepayment. (a) The interest rate ("Interest --------------------- Rate") on the Loans shall be a rate per annum reflected on the grid attached hereto. (b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.

Appears in 2 contracts

Sources: Exhibit (Tri R of Orlando Inc), Indenture (Viking Distillery Inc)

Interest Prepayment. (a) The interest rate ("β€œInterest --------------------- Rate"”) on the Loans shall be a rate per annum reflected on the grid attached hereto. (b) The interest, if any, payable on each of the Loans shall accrue from the date such Loan is made and, subject to Section 2.01, shall be payable upon demand of the Holder.

Appears in 1 contract

Sources: Indenture (Sinclair Broadcast Group Inc)