Common use of Payments of Interest Clause in Contracts

Payments of Interest. Subject to Sections 2.4.3 and 2.5.2.5, Interest shall be due and payable (i) on the tenth calendar day of each month (or if such day is not a Business Day, on the next Business Day thereafter) for the preceding month, and (ii) at maturity (by acceleration or otherwise). In the event that the Borrower fails to pay Interest when due, the Bank may, in its sole discretion, advance such amount for the Borrower's account, which amount shall be deemed an Advance hereunder.

Payments of Interest. Subject to Sections 2.4.3 and 2.5.2.5, Interest shall be due and payable (i) on the tenth fifth calendar day of each month (or if such day is not a Business Day, on the next Business Day thereafter) for the preceding month, and (ii) at maturity (by acceleration or otherwise). In the event that the Borrower fails to pay Interest when due, the Bank may, in its sole discretion, advance such amount for the Borrower's account, which amount shall be deemed an Advance hereunder.

Payments of Interest. Subject to Sections 2.4.3 and 2.5.2.5Section 2.4.3, Interest shall be due and payable (i) on the tenth calendar day of each month (or if such day is not a Business Day, on the next Business Day thereafter) for the preceding month, and (ii) at maturity (by acceleration or otherwise). In the event that the Borrower fails to pay Interest when due, the Bank Westcorp may, in its sole discretion, advance such amount for the Borrower's account, which amount shall be deemed an Advance hereunder.

Payments of Interest. Subject to Sections 2.4.3 and 2.5.2.5, Interest shall be due and payable (i) on the tenth calendar day of each month (or if such day is not a Business Day, on the next Business Day thereafter) for the preceding month, and (ii) at maturity (by acceleration or otherwise). In the event that the Borrower fails to pay Interest when due, the Bank may, in its sole discretion, advance such amount for the Borrower's account, which amount shall be deemed an Advance hereunder.