Common use of Payment of Interest Clause in Contracts

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 37 contracts

Samples: Amendment and Restatement Agreement (Smurfit Kappa Funding PLC), Agreement (Eros International PLC), Agreement (Viasystems Inc)

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Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 21 contracts

Samples: Amendment and Restatement Agreement (PPL Energy Supply LLC), Western Power Distribution (PPL Corp), Agreement (PPL Energy Supply LLC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term Interest Period and also, if the Term Interest Period is longer than six months, on the dates falling at six-monthly intervals after the first day of that TermInterest Period.

Appears in 10 contracts

Samples: Supplemental Agreement (Enodis PLC), Agreement (Vivendi Universal), Credit Agreement (TTM Technologies Inc)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six three months, on the dates falling at six-monthly intervals each three months after the first day of that Term.

Appears in 3 contracts

Samples: Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-six monthly intervals after the first day of that Term.

Appears in 3 contracts

Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly month intervals after the first day of that TermTerm (each an Interest Payment Date).

Appears in 3 contracts

Samples: Agreement (United States Steel Corp), Agreement (United States Steel Corp), Agreement (United States Steel Corp)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six three months, on the dates falling at sixthree-monthly intervals after the first day of that Term.

Appears in 3 contracts

Samples: Agreement (Oce N V), Credit Agreement (MGM Resorts International), Facility Agreement (Pencil Acquisition Corp.)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term Interest Period and also, if the Term Interest Period is longer than six months, on the dates falling at six-monthly month intervals after the first day of that TermInterest Period.

Appears in 2 contracts

Samples: Facility Agreement (TTM Technologies Inc), Facility Agreement (TTM Technologies Inc)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that its Term.

Appears in 2 contracts

Samples: Agreement (Edizione Holding Spa), Agreement (Telecom Italia S P A)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals each six months after the first day of that Term.

Appears in 2 contracts

Samples: Credit Facility Agreement (MGM Resorts International), Credit Facility Agreement (MGM Resorts International)

Payment of Interest. Except where it is provided this Agreement expressly provides to the contrary in this Agreementcontrary, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and alsoInterest Period (and, if the Term Interest Period is longer than six monthsMonths, on the dates falling at six-monthly Monthly intervals after the first day of that Termthe Interest Period).

Appears in 2 contracts

Samples: Credit Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each the Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 2 contracts

Samples: Agreement (PPL Corp), Agreement (Centex Corp)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each the Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 2 contracts

Samples: Agreement (Baidu, Inc.), Facility Agreement (EnerSys)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Revolving Credit Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each the Borrower must pay accrued interest on each Loan made to it on the last day of each Term and alsoand, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Imperial Tobacco Group PLC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Borrowers must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six three months, on the dates falling at six-monthly quarterly intervals after the first day of that TermTerm (each an INTEREST PAYMENT DATE).

Appears in 1 contract

Samples: Agreement (Global Ship Lease, Inc.)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each the Borrower must shall pay accrued interest on each Loan made to it on the last day of each Term Term, and also, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Intercreditor Agreement (Metro International Sa)

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Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each applicable Term and also, if the Term is longer than six months, on the dates falling at six-monthly month intervals after the first day of that Term.

Appears in 1 contract

Samples: United States Steel Corp

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Borrowers must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six three months, on the dates falling at six-monthly quarterly intervals after the first day of that TermTerm (each an Interest Payment Date).

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each the Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six three months, on the dates falling at sixthree-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Credit Agreement (Galen Holdings PLC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six monthsone month, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six three months, on the dates falling at sixthree-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (UTi WORLDWIDE INC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term of its Terms and also, if the a Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Telesystem International Wireless Inc)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan Advance made to it on the last day of each Term and alsoprovided that, if the Term is longer than six months, such accrued interest must also be paid on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Credit Facility Agreement (Terex Corp)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower must pay accrued interest on each Loan made to it on the last day of each Term and alsoand, if the Term is longer than six months, on the dates falling at six-monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Imperial Tobacco Group PLC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each the Borrower must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-six monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Smith & Nephew PLC)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each Borrower the Company must pay accrued interest on each Loan made to it on the last day of each Term and also, if the Term is longer than six months, on the dates falling at six-six monthly intervals after the first day of that Term.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

Payment of Interest. Except where it is provided to the contrary in this Agreement, each the Borrower must pay accrued interest on each Loan made to it on the last day of each Term and alsoand, if the Term is longer than six three months, on the dates date falling at sixeach three-monthly intervals interval after the first day of that Term.

Appears in 1 contract

Samples: Credit Agreement (Merix Corp)

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