Interest Due Date definition

Interest Due Date means the last Business Day of each calendar month during the term hereof (or, if Customer makes special arrangements with MLPF&S, the last Friday of each calendar month during the term hereof).

Interest Due Date means the first Business Day of each calendar month during the term hereof.

Interest Due Date. Interest shall be due and payable as provided in the Agreement. The Loan and all other Indebtedness evidenced hereby not paid before the Maturity Date shall be due and payable on the Maturity Date.

Examples of Interest Due Date in a sentence

• Unless otherwise hereafter directed in writing by MLBFS on or after the first to occur of the Maturity Date or the date of termination of the WCMA Line of Credit pursuant to the terms hereof, such interest will be automatically charged to the WCMA Account on the applicable Interest Due Date, and, to the extent not paid with free credit balances or the proceeds of sales of any Money Accounts then in the WCMA Account, as hereafter provided, paid by a WCMA Loan and added to the WCMA Loan Balance.

• Unless otherwise hereafter directed in writing by MLBFS on or after the Termination Date, such interest will be automatically charged to the WCMA Account on the applicable Interest Due Date, and, to the extent not paid with free credit balances or the proceeds of sales of any Money Accounts then in the WCMA Account, as hereafter provided, such interest will be paid by a Subsequent WCMA Loan and added to the WCMA Loan Balance.

• The Borrower shall pay interest on each Advance in arrears on each Interest Due Date in respect of such Advance.

• Interest on each scheduled Principal Amount of this Note due as of a given date specified on Schedule P&I hereto shall accrue at the related per annum rate specified on Schedule P&I from (and including) the Conversion Date to (but excluding) such Principal Due Date or, if applicable, to the applicable Interest Due Date on which an Optional Redemption (as defined below) occurs.

• Each interest amount accrued on each unpaid Principal Amount of this Note shall be due semiannually as of February 1 and August 1 of each year (each such February 1 and August 1, an "Interest Due Date") commencing on the first such date after the Conversion Date, until each Principal Amount listed on Schedule P&I to this Note is paid in full.

More Definitions of Interest Due Date

Interest Due Date means the 15th calendar day of each month in which the Lender has sent a statement of interest due pursuant to the terms of Section 2.6(b).

Interest Due Date means the dates on which interest payments on the Notes are due as set forth herein and in the Notes.

Interest Due Date the day on which the Borrower must pay to the Bank the interest due on the outstanding amount of the Loan; this corresponds to either the last day of an Interest Period or the Final Repayment Date.

Interest Due Date means the last Business Day of each calendar month during the term hereof (or, if Customer makes special arrangements with MLPF&S, the last Friday of each calendar month during the term hereof). (xiii) "Interest Rate" shall mean a variable per annum rate of interest equal to the sum of 2.90% and the 30-Day Commercial Paper Rate. The "30-Day Commercial Paper Rate" shall mean, as of the date of any determination, the interest rate from time to time published in the "Money Rates" section of The Wall Street Journal for 30-day high-grade unsecured notes sold through dealers by major corporations. The Interest Rate will change as of the date of publication in The Wall Street Journal of a 30-Day Commercial Paper Rate that is different from that published on the preceding Business Day. In the event that The Wall Street Journal shall, for any reason, fail or cease to publish the 30-Day Commercial Paper Rate, MLBFS will choose a reasonably comparable index or source to use as the basis for the Interest Rate. (xiv) "Line Fee" shall mean a fee of $37,500.00 payable periodically by Customer to MLBFS in accordance with the provisions of Section 3 (k) hereof.

Interest Due Date means the date when the Interest is due and payable by the Borrower.

Interest Due Date means the fifteenth (15th) calendar day of each month in which the Lender has sent a statement of interest due pursuant to the terms of SECTION 2.7(b).

Interest Due Date means [date number] of each month.