Common use of Payments on the Notes Clause in Contracts

Payments on the Notes. The Issuer shall make payments of principal of and interest on the Notes when due; provided that prior to the Maturity Date, interest shall accrue on the principal amount of the Notes until such time as the principal amount is paid off in accordance with the terms of this Agreement. Interest shall be compounded annually on each anniversary of the applicable issuance date for such Note and shall be added at such time to, and thereafter be a part of and treated as principal of the applicable Notes (regardless of whether evidenced by a Note) (“PIK Interest”) and shall be payable on the Maturity Date.

Payments on the Notes. The Issuer shall make payments of principal of and interest on the Notes when due; provided that prior to the Maturity Datematurity or earlier redemption of the Notes, interest shall accrue on the principal amount of the Notes until such time as the principal amount is paid off in accordance with the terms of this Agreement. Interest shall be compounded annually on each anniversary of the applicable issuance date for such Note and shall be added at such time to, and thereafter be a part of and treated as principal of the applicable Notes (regardless of whether evidenced by a Note) (“PIK Interest”) and shall be payable on the Maturity Date.

Payments on the Notes. The Issuer shall make payments of principal of and interest on the Notes when due; provided that prior to the Maturity Date, interest shall not be due and payable, rather interest shall accrue on the principal amount of the Notes until such time as the principal amount is paid off in accordance with the terms of this Agreement. Interest shall be compounded annually on each anniversary of the applicable issuance date for such Note Issuance Date and shall be added at such time to, and thereafter be a part of and treated as principal of of, the applicable Notes (regardless of whether evidenced by a Note) (“PIK Interest”) and shall be payable on the Maturity Date.