Common use of Interest Free Clause in Contracts

Interest Free. No interest shall accrue on the Loan or any Draw or Note prior to the first to occur of the following: (i) a Maturity Date, (ii) a Termination of Employment other than as provided in paragraph 2(b)(i) above, or (iii) an Event of Default (as defined in paragraph 12).

Appears in 4 contracts

Samples: Loan Agreement (Chicago Bridge & Iron Co N V), Loan Agreement (Chicago Bridge & Iron Co N V), Relocation Loan Agreement (Chicago Bridge & Iron Co N V)

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Interest Free. No interest shall accrue on the Loan or any Draw or Note prior to the first to occur of the following: (i) a Maturity Date, (ii) a Termination of Employment other than as provided in paragraph 2(b)(i) above, or (iii) an Event of Default (as defined in paragraph 12).. (b)

Appears in 1 contract

Samples: www.sec.gov

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