Payment Dates. Accrued interest on the Term Loans shall be payable in arrears on each Payment Date with respect to the most recently completed Interest Period in cash, and upon the payment or prepayment of the Term Loans (on the principal amount being so paid or prepaid); provided that interest payable at the Default Rate shall be payable from time to time on demand by the Majority Lenders.
Appears in 14 contracts
Sources: Credit Agreement and Guaranty (Biodesix Inc), Second Amendment to Credit Agreement and Guaranty (SOPHiA GENETICS SA), Credit Agreement (AVITA Medical, Inc.)
Payment Dates. Accrued interest on the each Term Loans Loan shall be payable by Borrower in arrears on each Interest Payment Date with respect Date; provided that (a) interest accrued pursuant to Section 3.1.3 shall be payable on demand and (b) in the most recently completed Interest Period in cash, and upon the payment event of any repayment or prepayment of the any Term Loans (Loan, accrued interest on the principal amount being so paid repaid or prepaid); provided that interest payable at the Default Rate prepaid shall be payable from time to time on demand by the Majority Lendersdate of such repayment or prepayment.
Appears in 6 contracts
Sources: Credit Agreement (Foresight Energy LP), Credit Agreement (Foresight Energy LP), Credit Agreement (Foresight Energy LP)
Payment Dates. Accrued interest on the Term Loans shall be payable in arrears on each Payment Date with respect to the most recently completed Interest Period in cash, and upon the payment or prepayment of the Term Loans (on the principal amount being so paid or prepaid); provided that interest payable at the Default Rate shall be payable from time to time on demand by the Majority Lenders.
Appears in 4 contracts
Sources: Credit Agreement (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp)
Payment Dates. Accrued interest on the Term Loans Loan shall be payable in arrears on each Payment Date with respect to the most recently completed Interest Period in cash, and upon the payment or prepayment of the Term Loans Loan (on the principal amount being so paid or prepaid); provided that interest payable at the Default Rate shall be payable from time to time on demand by the Majority Lenders.
Appears in 3 contracts
Sources: Credit Agreement and Guaranty (Trinity Biotech PLC), Credit Agreement (Trinity Biotech PLC), Credit Agreement (Chembio Diagnostics, Inc.)
Payment Dates. Accrued interest on the Term Loans shall be payable in arrears on each Payment Date with respect to the most recently completed Interest Period in cash, and upon the payment or prepayment of the Term Loans (on the principal amount being so paid or prepaid); provided that interest payable at the Default Rate shall be payable from time to time on demand by the Majority LendersLender.
Appears in 3 contracts
Sources: Credit Agreement (Molecular Templates, Inc.), Credit Agreement (Zymeworks Inc.), Credit Agreement (Zymeworks Inc.)
Payment Dates. Accrued interest on the Term Loans shall be payable in arrears on each Payment Date with respect to the most recently completed Interest Period in cash, and upon the payment or prepayment of the Term Loans (on the principal amount being so paid or prepaid); provided that interest payable at the Default Rate shall be payable from time to time on demand by the Majority LendersAdministrative Agent.
Appears in 2 contracts
Sources: Credit Agreement and Guaranty (Exagen Inc.), Credit Agreement (Exagen Inc.)
Payment Dates. Accrued interest on the Term Loans shall be payable in arrears on each Payment Date with respect to the most recently completed Interest Period in cash, and upon the payment or prepayment of the Term Loans (on the principal amount being so paid or prepaid); provided that interest payable at the Default Rate shall be payable from time to time on demand by the Majority Lenders.the
Appears in 1 contract