Common use of PROMISE TO PAY INTEREST Clause in Contracts

PROMISE TO PAY INTEREST. Borrower promises to pay to the Agent for the benefit of the Lenders in cash or by the incurrence of Revolving Loans in accordance with Section 2.15 hereof interest on the principal of Advances made under this Agreement from time to time unpaid at the fluctuating per annum rate specified in Section 2.6 hereof and in Item 18 of the Schedule, including, without limitation, if applicable, interest at the Default Rate.

Appears in 3 contracts

Sources: Loan and Security Agreement (WireCo WorldGroup Poland Holdings Sp. z.o.o.), Loan and Security Agreement (1295728 Alberta ULC), Loan and Security Agreement (1295728 Alberta ULC)