Common use of Amount and Payment of Additional Interest Clause in Contracts

Amount and Payment of Additional Interest. Any Additional Interest that accrues on a Note pursuant to Section 3.04(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Additional Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof. For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and in addition to any Special Interest that accrues on such Note; provided, however, that in no event will the aggregate of any Additional Interest that accrues on a Note and any Special Interest that accrues on such Note accrue at a combined rate per annum in excess of 0.50% of the principal amount thereof, regardless of the number of events or circumstances giving rise to requirements to pay such Additional Interest or Special Interest.

Amount and Payment of Additional Interest. Any Additional Interest that accrues on a Note pursuant to Section 3.04(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Additional Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Additional Interest, together with any Special Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%), regardless of the number of events or circumstances giving rise to the requirement to pay such Additional Interest or Special Interest. For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and and, subject to the proviso of the immediately preceding sentence, in addition to any Special Interest that accrues on such Note; provided, however, that in no event will the aggregate of any Additional Interest that accrues on a Note and any Special Interest that accrues on such Note accrue at a combined rate per annum in excess of 0.50% of the principal amount thereof, regardless of the number of events or circumstances giving rise to requirements to pay such Additional Interest or Special Interest.

Amount and Payment of Additional Interest. Any Additional Interest that accrues on a Note pursuant to Section 3.04(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Additional Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Additional Interest, together with any Special Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%), regardless of the number of events or circumstances giving rise to the accrual of Special Interest or Additional Interest. For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and in addition to any Special Interest that accrues on such Note; provided, however, that in no event will the aggregate of any Additional Interest that accrues on a Note and any Special Interest that accrues on such Note accrue at a combined rate per annum in excess of 0.50% of the principal amount thereof, regardless of the number of events or circumstances giving rise to requirements to pay such Additional Interest or Special Interest.