Payment of the Interest. 5.2.1 The Interest will accrue on a daily basis and will be calculated on the basis of a 360-day year.
Payment of the Interest. The unpaid balance of the debenture principal will bear interest at a rate of 5.0% per annum (“the interest”). The interest will be linked to the Consumer Price Index, in accordance with the linkage conditions, as provided in clause 5 below. Interest will be paid on January 5 of each of the years 2007 to 2012 (inclusive) and on July 5 of each of the years 2006 to 2012 (inclusive), for the six-month period ended on the last day before every such date (“the interest period”), except for the first interest period, in respect of which interest (calculated on the basis of 365 days) will be paid pro rata for the period beginning on the issue date and ending on July 4, 2006. It is hereby clarified that the first interest payment will be made on July 5, 2006. Accordingly, the first interest will be at a rate of 2.671%. The last interest payment will be made on July 5, 2012, together with the last payment of the unpaid principal of the debentures in circulation and against the return of the debenture certificate to the Company. If the interest payment date falls on a non-business day, the payment date will be deferred to the first business day thereafter, and no interest will be paid in respect of such deferral. The Company will deduct from the interest payment any amount it is required to deduct at source, if at all, in accordance with any law. Subject as provided in clause 7 below, if the Company delays more than five business days after the appointed day for paying any amount on account of the principal and/or interest as aforesaid (“the amount in arrears”), such amount will bear, in respect of the entire period of arrears from the day appointed for payment, arrears interest at the interest rate on Debentures (Series A) specified at the head of this clause plus 2%, all on an annual basis (“the arrears interest”). To remove doubt, it is hereby clarified that during the arrears period, arrears interest will be paid alone (and not in addition to the interest as defined above). In such case, the Company will notify the holders and will submit to the Stock Exchange without delay a report indicating the exact interest rate including the arrears interest.
Payment of the Interest. It is agreed that the hereinabove amount of the loan does only constitute the amount in capital owed to the said originally creditor in virtue of these presents, the Debtor engaging himself to pay himself to the said originally Creditor the necessary amounts to reimburse the accrued interests since the last instalment of capital, which said amounts of interest are not included in the hereinabove mentioned amount.
Payment of the Interest. On the dates of payment of the principal, as provided in Section 5.5 above.
Payment of the Interest. The interest shall be paid for the first time at the end of the First Period, and thereafter on the dates fixed for payment of the principal. In any event of a Conversion, the interest accrued until such time shall be made into a loan under the same terms and conditions as the loan prior to the Conversion thereof, and shall be repaid (principal and interest) by June 2004, on the same day of the month on which the Conversion shall have been made.
Payment of the Interest. The Borrower shall pay the Entrusted Lenders the interest of the Entrusted Loan in accordance with the loan contribution proportion under the provisions of Article 1 hereto.
Payment of the Interest. The Interest accrued on the Principal Amount during the period up to (and including) September 30 of each calendar year shall be due and payable on September 30 of such calendar year, and for the first time on September 30, 2001, and for the last time at the earlier of (i) the Maturity Date, (ii) the Delivery Date in the event of Conversion (as defined below), and (iii) the Early Repayment Date in the event of Early Repayment (as defined below).
Payment of the Interest. Purchase Price by the Purchaser to the Seller in accordance with this Clause 2 shall be received by the Seller for itself in respect of the 93.77% LP Interest Price and for and on behalf of PHTH in respect of the 1% GP Interest Price.
Payment of the Interest. 12.1 In the event of the Borrower delays the repayment of the Loan and (or) the interest rate, notices shall be sent to him. The notices shall be sent within 5 days of the delay. The notices shall be sent to the Borrower by e-mail and (or) by phone messages.
Payment of the Interest. Interest on the Notes will be payable in arrears on the applicable Interest Payment Date. The first payment of Interest will be on the first Interest Payment Date following the Issue Date. The last payment will be on the Maturity Date.
