Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February 5, 2014. All Interest shall be paid in cash.
Appears in 2 contracts
Sources: Third Add on Term Note (Primo Water Corp), Third Add on Term Note (Primo Water Corp)
Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February July 5, 20142013. All Interest shall be paid in cash.
Appears in 2 contracts
Sources: Closing Date Term Note (Primo Water Corp), Add on Term Note (Primo Water Corp)
Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February January 5, 2014. All Interest shall be paid in cash.
Appears in 1 contract
Computation and Payment of Interest. All Interest shall be computed on the daily unpaid Principal balance of this Note based on a three hundred sixty (360) day year. Accrued Interest hereunder shall be payable monthly in arrears on or before the fifth day of each calendar month commencing on February June 5, 20142012. All Interest paid in kind shall be paid in cashadded to the outstanding Principal balance of this Note.
Appears in 1 contract
Sources: Term Note (Primo Water Corp)