ADJUSTMENTS TO INTEREST RATES AND FEES Sample Clauses

ADJUSTMENTS TO INTEREST RATES AND FEES. (i) CHANGES IN FUNDED DEBT TO EBITDA RATIO. Interest rate and Fee adjustments resulting from changes in the Funded Debt to EBITDA Ratio shall be made without notice to the Borrower, based on such ratio as of the end of a Fiscal Quarter. The applicable interest rate or Fee shall be reduced to a specified Level only in the event that (A) no Default or Event of Default exists as of the date of determination and (B) the required Funded Debt to EBITDA Ratio has been satisfied; provided, however, that if a Default or Event of Default has been remedied as provided in Section 8.1 within any applicable cure period set forth therein or waived by the Lenders in writing, the applicable interest rate or Fee shall be reduced effective as of the applicable date contemplated by Subsections (A) through (C) below. All adjustments shall be determined by the Agent and shall be effective as follows:
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ADJUSTMENTS TO INTEREST RATES AND FEES. Any increase or decrease in the Margin to be added to the Canadian Prime Rate, U.S. Base Rate, U.S. Prime Rate, U.S. Libor, Sterling Libor or Alternate Sterling Rate in respect of Canadian Prime Rate Advances, U.S. Base Rate Advances, U.S. Prime Rate Advances, U.S. Libor Advances, Sterling Libor Advances or Alternate Sterling Rate Advances, respectively, and any increase or decrease in the rate of Stamping Fees, in each case as determined in accordance with Appendix 2, shall become effective on or after the date (the "Adjustment Date") which is 46 days after the end of each quarterly fiscal period in each fiscal year of SSWG in which there is a change in the Senior Debt to Adjusted Consolidated EBITDA Ratio giving rise to an adjustment in the applicable Margin or the Stamping Fee, as follows:
Sample 1
ADJUSTMENTS TO INTEREST RATES AND FEES. Any increase or decrease in the Margin to be added to the Canadian Prime Rate, U.S. Prime Rate, U.S. Libor, Sterling Libor or Alternate Sterling Rate in respect of Canadian Prime Rate Advances, U.S. Prime Rate Advances, U.S. Libor Advances, Sterling Libor Advances or Alternate Sterling Rate Advances, respectively, and any increase or decrease in the rate of Stamping Fees, in each case as determined in accordance with Appendix 2, shall become effective on or after the date (the "Adjustment Date") which is 46 days after the end of each quarterly fiscal period in each fiscal year of SSWG in which there is a change in the Senior Debt to Adjusted Consolidated EBITDA Ratio giving rise to an adjustment in the applicable Margin or the Stamping Fee, as follows:
Sample 1

Related to ADJUSTMENTS TO INTEREST RATES AND FEES

  • Interest Rates and Fees (a) Tranche A Loans. The following interest and fees shall be payable with respect to Tranche A Loans:

  • Adjustment to Interest Rate Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Fixed Interest Rate Annual interest rate shall be /% and will not change during the duration.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Interest Rates and Letter of Credit Fee RATES, PAYMENTS, AND CALCULATIONS.

  • Calculations Respecting Accrued Interest Accrued interest on any Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months and Pass-Through Rates shall be carried out to eight decimal places, rounded if necessary. All dollar amounts calculated hereunder shall be rounded to the nearest xxxxx.

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