Payment and Calculation of Interest. 7.1 Payment of Interest On the last day of each Interest Period the relevant Borrower shall pay accrued interest on the Advance to which such Interest Period relates, and, in the case of an Interest Period of more than six months, the date six months after the first day of such Interest Period.
Appears in 1 contract
Sources: Term Loan Facilities Agreement (Dyckerhoff Aktiengesellschaft)
Payment and Calculation of Interest. 7.1 Payment of Interest 5.1 PAYMENT OF INTEREST On the last day of each Interest Period the relevant Borrower shall pay accrued interest on the Advance to which such Interest Period relates, and, in the case of relates Provided that if any Advance has an Interest Period of more than six months, accrued but unpaid interest shall also be paid on the date last day of each successive period of six months after the first day of which occurs during such Interest Period.
Appears in 1 contract
Sources: Facility Agreement (Royal Ahold)
Payment and Calculation of Interest. 7.1 Payment of Interest 5.1 PAYMENT OF INTEREST On the last day of each Interest Period relating to an Advance (and, if the relevant Interest Period of such Advance exceeds six months, on the expiry of each period of six months during that Interest Period) the Borrower to which such Advance has been made shall pay accrued interest on the Advance to which such Interest Period relates, and, in the case of an Interest Period of more than six months, the date six months after the first day of such Interest Period.
Appears in 1 contract
Sources: Mezzanine Credit Agreement (Transworld Healthcare Inc)