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Interest Period
Interest Period contract clause examples

Interest Period. Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Growth Capital Advance occurs, and continuing on the Payment Date of each month thereafter, Borrower shall make monthly payments of interest to Agent, for the account of the Lenders, in arrears, on the principal amount of each Growth Capital Advance, at the rate set forth in [Section 2.2(a)].

Interest Period. Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on the Payment Date of each month thereafter, Borrower shall make monthly payments of interest to Agent, for the account of the Lenders, in arrears, on the principal amount of each Term Loan Advance, at the rate set forth in Section 2.2 (a).

Interest Payments. Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on the Payment Date of each month thereafter, Borrower shall make monthly payments of interest to Agent, for the account of the Lenders, in arrears, on the principal amount of each Term Loan Advance, at the rate set forth in Section 2.2 (a).

Repayment. Commencing on the Amortization Start Date, and continuing on each Payment Date thereafter, Borrower shall repay the aggregate outstanding Growth Capital Advances to Agent, for the account of the Lenders, in # consecutive equal monthly installments of principal based on the Repayment Schedule, plus # monthly payments of accrued interest at the rate set forth in [Section 2.2(a)]. All outstanding principal and accrued and unpaid interest with respect to the Growth Capital Advances, and all other outstanding Obligations under the Growth Capital Advances, are due and payable in full on the Growth Capital Maturity Date.

Interest Period. Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of the Term Loan Advance at the rate set forth in [Section 2.2(a)].

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