Interest Fees and Charges. 3.1Interest
Interest Fees and Charges. Interest shall accrue on Outstanding Advances, both before and after judgment, from the date of disbursement until receipt of Collected Payments, at the Daily Funds Rate. Upon occurrence of an Event of Default, interest on Outstanding Advances shall thereafter accrue, both before and after judgment, at the Default Rate until receipt of Collected Payments. In addition, Client shall pay Summit the Fees and Charges. The Administrative Fees are for monitoring of the Collateral, collection of the Accounts, and administration of this Agreement. The Administrative Fees are not intended to be and shall not be construed to be interest. Interest and Fees and Charges may be deducted from Advances or from Collected Payments.
Interest Fees and Charges. 9.1. We do not pay interest on credit balances on your account.
Interest Fees and Charges a. The Bank may provide interests and impose fees and charges for certain products and services provided to you. The rate may vary from time to time. By subscribing to Bank’s product and services, you acknowledge having been informed and accept without restriction to the rate defined by the Bank. The Bank will inform customer 30 days prior to the effect of the amendment.
Interest Fees and Charges. Paragraph 5(b) is deleted in its entirety and the following is substituted in lieu thereof:
Interest Fees and Charges. (a) Interest on Loans.
Interest Fees and Charges. (a) Interest Rate. ------------- Subject to the terms and conditions set forth below, the Loans shall bear interest at the per annum rate of interest set forth in subsection (i), (ii) or -------------------- (iii) below: -----
Interest Fees and Charges. (a) Rates of Interest. Interest accrued on the Revolving Loans, Term Loan A and Term Loan B shall be due on the earliest of (i) the first day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (ii) the occurrence of an Event of Default in consequence of which LaSalle elects to accelerate the maturity and payment of the Obligations, or (iii) termination of this Agreement pursuant to paragraph 12 hereof. Except as otherwise provided in paragraph 5(c) hereof, interest shall accrue on: (1) the principal amount of the Revolving Loans made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one percent (1%) above the Prime Rate; (2) the unpaid principal balance of Term Loan A made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one and one-quarter per cent (1.25%) above the Prime Rate; and (3) the unpaid principal balance of Term Loan B made to the Borrower outstanding at the end of each day at a fluctuating rate per annum equal to two percent (2.0%) above the Prime Rate. The rate of interest payable on the Loans shall increase or decrease by an amount equal to any increase or decrease in the Prime Rate, effective as of the opening of business on the day that any such change in the Prime Rate occurs. Upon and after the occurrence of an Event of Default, and during the continuation thereof, the principal amount of all Loans shall bear interest on demand at a rate per annum equal to the rate of interest then in effect plus two percent (2%).
Interest Fees and Charges. (a) Rates of Interest. -----------------
Interest Fees and Charges. Section 3.1.
