Common use of Interest Only Payments Clause in Contracts

Interest Only Payments. Subject to and in accordance with the terms of this Section 2, on the earlier of the Maturity Date or the Early Repayment Date, the Company shall pay to the Holder all interest accrued and unpaid at that time on the entire outstanding Principal Amount of this Debenture (the “Interest Amount”) together with repayment of the entire outstanding Principal Amount of this Debenture in cash.

Appears in 3 contracts

Sources: Purchase Agreement (Glencore PLC), Purchase Agreement (Polymet Mining Corp), Debenture Agreement (Polymet Mining Corp)