Quarterly Payment Date Sample Clauses
The Quarterly Payment Date clause defines the specific dates on which payments are to be made every quarter under an agreement. Typically, this clause outlines that payments are due at regular three-month intervals, such as on the last day of each calendar quarter or another agreed-upon date. By establishing a clear and recurring payment schedule, this clause ensures predictability for both parties and helps prevent disputes or confusion regarding when payments are expected.
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Quarterly Payment Date. The last Business Day of each March, June, September and December, and the Final Maturity Date.
Quarterly Payment Date. “Quarterly Payment Date” for each Computation Period means the forty-fifth (45th) day after the end of such Computation Period. If such day is not a Business Day, the Quarterly Payment Date shall be the next Business Day.
Quarterly Payment Date. After the occurrence of any Event of Default, all principal of and interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to such Base Rate Loan for such day.