Example ContractsClausesinterest payment datesIdentical
Interest Payment Dates
Interest Payment Dates contract clause examples

Interest Payment Dates. Interest accrued on each Floating Rate Loan and Daily Simple RFR Loan shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, upon any prepayment whether by acceleration or otherwise, and at maturity (whether by acceleration or otherwise). Interest accrued on each Fixed-Rate Loan shall be payable on the last day of its applicable Interest Period, on any date on which such Fixed-Rate Loan is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Fixed-Rate Loan having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on the principal balance of all other Obligations shall be payable in arrears # on each Payment Date, commencing on the first such Payment Date following the incurrence of such Obligations, # upon repayment thereof in full or in part, and # if not theretofore paid in full, at the time such other Obligations become due and payable (whether by acceleration or otherwise).

Woodward, Inc. (WWD) (CIK 0000108312)
Source: SEC EDGAR database • Date: November 18, 2022 • SIC: 3620 • CIK: 3620

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