Common use of Revolving Line of Credit Note Clause in Contracts

Revolving Line of Credit Note. The principal of and interest to accrue on the Revolving Loans shall be due and payable as follows: Interest to accrue on the Revolving Loans shall be due and payable quarterly as it accrues, with the first installment to be due and payable on or before the last day of September 2000, with a like installment of all accrued but unpaid interest to be due and payable on or before the same day of each December, March, June and September succeeding thereafter until the Revolver Termination Date on which date both all outstanding principal and accrued but unpaid interest thereon shall be due and payable in full.

Appears in 2 contracts

Sources: Loan Agreement (U S Physical Therapy Inc /Nv), Letter Loan Agreement (U S Physical Therapy Inc /Nv)