Common use of Payment and Calculation of Interest on Revolving Advances Clause in Contracts

Payment and Calculation of Interest on Revolving Advances. 8.1 Payment of Interest On the Repayment Date relating to each Revolving Advance (and, if the Term of such Revolving Advance exceeds six months, on the expiry of each period of six months during such Term) the Borrower to which such Revolving Advance has been made shall pay accrued interest on that Revolving Advance.

Appears in 1 contract

Sources: Loan Agreement (Cemex Sa De Cv)

Payment and Calculation of Interest on Revolving Advances. 8.1 4.1 Payment of Interest On the Repayment Date relating to each Revolving Advance (and, if the Term of such Revolving Advance exceeds six months, on the expiry of each period of six months during such Term) the Borrower to which such Revolving Advance has been made shall pay accrued interest on that Revolving Advance.

Appears in 1 contract

Sources: Credit Agreement (NTL Inc)