DATES OF PAYMENT OF INTEREST Clause Samples

The "Dates of Payment of Interest" clause specifies when interest payments are due under an agreement. It outlines the exact dates or intervals—such as monthly, quarterly, or annually—on which the borrower must pay interest to the lender. For example, it may require interest to be paid on the first day of each month or at the end of each quarter. This clause ensures both parties are clear about the timing of interest payments, reducing the risk of misunderstandings or late payments.
DATES OF PAYMENT OF INTEREST. Each Revolving Loan shall bear interest on its unpaid principal amount from the date made until paid in cash at a rate determined by reference to the Reference Rate or to LIBOR, as applicable, and the relevant Borrower shall pay accrued interest on each such Revolving Loan (i) in the case of each Reference Rate Revolving Loan, on the first day of each month thereafter and (ii) in the case of each LIBOR Revolving Loan, on the last day of each Interest Period relating to such LIBOR Revolving Loan.
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DATES OF PAYMENT OF INTEREST. Each Revolving Loan shall bear interest on its unpaid principal amount from the date made until paid in cash at a rate determined by reference to the Alternative Rate for the month during which such interest accrues or to LIBOR, as applicable, and the relevant Borrower shall pay accrued interest on each such Revolving Loan (i) in the case of each Alternative Rate Revolving Loan, on the first day of each month thereafter and (ii) in the case of each LIBOR Revolving Loan, on the last day of each Interest Period relating to such LIBOR Revolving Loan. If the audited consolidated Financial Statements for the Group and related certificate of BMUK for a Financial Year delivered in accordance with Clauses 15.2.1 (Financial Statements) and 15.3.3 (Certificate of BMUK) show that a higher Applicable Margin should have applied during a certain period, then BMEH shall (or shall ensure that the relevant Borrower shall) promptly pay to the Agent any amounts necessary to put the Agent and the Lenders in the position they would have been in had the appropriate rate of the Applicable Margin applied during such period.
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DATES OF PAYMENT OF INTEREST. Each Revolving Loan shall bear interest on its unpaid principal amount from the date made until paid in cash at a rate determined by reference to the Reference Rate or to LIBOR, as applicable, and the relevant Borrower shall pay accrued interest on each such Revolving Loan (i) in the case of each Reference Rate Revolving Loan, on the first day of each month thereafter and (ii) in the case of each LIBOR Revolving Loan, on the last day of each Interest Period relating to such LIBOR Revolving Loan. If the audited consolidated Financial Statements for the Group and related certificate of Ideal for a Financial Year delivered in accordance with Clauses 15.2.1 and 15.3.3 show that a higher Applicable Margin should have applied during a certain period, then BMEH shall (or shall ensure that the relevant Borrower shall) promptly pay to the Agent any amounts necessary to put the Agent and the Lenders in the position they would have been in had the appropriate rate of the Applicable Margin applied during such period.
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DATES OF PAYMENT OF INTEREST. Each Revolving Loan shall bear interest on its unpaid principal amount from the date made until paid in cash at a rate determined by reference to the Reference Rate or to LIBOR, as applicable, and MIC-UK shall pay accrued interest on each such Revolving Loan:
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Related to DATES OF PAYMENT OF INTEREST

  • RATES OF PAYMENT B3.1 Current Contract Rates. Included Timber that is removed by Purchaser and presented for Scaling in the product form stated in A2 shall be paid for at Current Contract Rates determined under this Section. “Current Contract Rates” shall be (a) Flat Rates and (b) Tentative Rates adjusted by the escalation procedures in B3.

  • Rates of Interest Interest shall accrue on the principal amount of the Base Rate Portions outstanding at the end of each day at a fluctuating rate per annum equal to the Applicable Margin then in effect plus the Base Rate. Said rate of interest shall increase or decrease by an amount equal to any increase or decrease in the Base Rate, effective as of the opening of business on the day that any such change in the Base Rate occurs. If a Borrower exercises its LIBOR Option as provided in Section 3.1, interest shall accrue on the principal amount of the LIBOR Portions outstanding at the end of each day at a rate per annum equal to the Applicable Margin then in effect plus the LIBOR applicable to each LIBOR Portion for the corresponding Interest Period.

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

  • Rates and Payment of Interest (a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin; and (iii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Revolver Loans. Interest shall accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue. (b) During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in their discretion so elect, Obligations shall bear interest at the Default Rate (whether before or after any judgment). Each Borrower acknowledges that the cost and expense to Agent and Lenders due to an Event of Default are difficult to ascertain and that the Default Rate is a fair and reasonable estimate to compensate Agent and Lenders for this. (c) Interest accrued on the Loans shall be due and payable in arrears, (i) on the first day of each month; (ii) on any date of prepayment, with respect to the principal amount of Loans being prepaid; and (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

  • WAGES AND RATES OF PAY 7.01 Wage Schedules applicable to various job classifications are as set forth in Schedule “A”. 7.02 Additional classifications may be established only by mutual agreement between the Employer and the Union during the term of this Agreement and the rates for same shall be subject to negotiation between the Employer and the Union.