Example ContractsClausesCessation of Accrual of Interest
Cessation of Accrual of Interest
Cessation of Accrual of Interest contract clause examples

Cessation of Accrual of Interest. Except as provided in [Section 4.04(a)] or [Section 7.03(d)], interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this [Section 3.11], to cease to be outstanding, unless there occurs a default in the payment or delivery of any cash or other property due on such Note.

Cessation of Accrual of Interest. Except as provided in [Section 4.04(a)] or [Section 7.03(d)], interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this [Section 3.11], to cease to be outstanding, unless there occurs a default in the payment or delivery of any cash or other property due on such Note.

Cessation of Accrual of Interest. Except as provided in [Section 4.04(a)] or [Section 7.03(d)], interest will cease to accrue on each Note from, and including, the date that such Note is deemed, pursuant to this [Section 3.11], to cease to be outstanding, unless there occurs a default in the payment or delivery of any cash or other property due on such Note.

Interest shall be computed on an actual/365 simple interest basis; that is, by multiplying the applicable interest rate, times the outstanding principal balance, times the actual number of days the principal is outstanding and dividing by a year of 365 days.

Payments shall be due and payable monthly in the amount of $24,390.53commencing 11/01/2020 and continuing on Day 03 of each month thereafteruntil maturity. The Loan shall mature two (2) years from the date of this Agreement 05/03/2022, at which time all unpaid principal, accrued interest, and any other unpaid amounts shall be due and payable in full. Unless otherwise agreed, all sums received from Borrower may be applied to interest, fees, principal, or any other amounts due to Lender in any order at Lender's sole discretion.

Accrual of Interest and Maturity. The Revolving Credit Note, and all principal and interest outstanding thereunder, shall mature and become due and payable in full on the Termination Date, and each Advance evidenced by the Revolving Credit Note from time to time outstanding hereunder shall, from and after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Revolving Credit Advance, its Applicable Interest Rate, its Interest Period (if any), and the amount and date of any repayment shall be noted on Bank's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Bank to record any such information shall not relieve Borrower of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the other Loan Documents.

Accrual and Payment of Interest. Interest shall accrue from the date of any Borrowing to the date of any prepayment or repayment thereof and shall be payable by the Borrowers: # in respect of each Base Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December; # in respect of each Eurodollar Loan, on the last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on the dates that are successively three months after the commencement of such Interest Period; # in respect of any Swing Loan, on the Swing Loan Maturity Date applicable thereto; and # in respect of all Loans, # at maturity (whether by acceleration or otherwise[[SunTrustTruist Bank:Organization]], # on any repayment, prepayment or Conversion (on the amount repaid, prepaid or Converted[[SunTrustTruist Bank:Organization]], and # after such maturity or, in the case of any interest payable pursuant to Section 2.09(d[[SunTrustTruist Bank:Organization]], on demand.

Accrual and Payment of Interest. The Borrower shall pay interest on the unpaid principal amount of each Loan outstanding from time to time from the date thereof until paid: # in respect of each Base Rate Loan and SOFR Loan, on each Interest Payment Date and in the event of any conversion of any SOFR Loan prior to the end of the Interest Period therefor, accrued interest on such SOFR Loan shall be payable on the effective date of such conversion; and # in respect of all Loans, at maturity (whether by acceleration or otherwise).

Accrual. Royalty Fees shall accrue in the Royalty Period when corresponding Net Sales of Licensed Materials are invoiced by [[PolyOne:Organization]] or [[PolyOne:Organization]]’s Affiliate.

Cessation of Service. For purposes of this Award Agreement, the Participant’s date of cessation of Service shall mean the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company, including following the provision of a notification of termination or resignation from Service and shall be determined solely by this

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