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Amount of Interest
Sample Clauses
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Amount of Interest
.
In no event shall
the
total interest
contracted
for,
charged
,
received
or owed pursuant to the
terms of this Agreement
exceed the amount, which
Lenders
may
lawfully
receive.
In the event that
a
court of competent jurisdiction
, notwithstanding the provisions of this
Section 2.6
, shall make a
final determination
that
a Lender
has received, charged,
collected
, or contracted for interest hereunder in excess of the amount which such Lender could lawfully have,
to the extent permitted by law
, such excess shall
promptly
be
applied
only to
the obligations
owed to such Lender (
with interest
calculated
at the
Maximum Lawful Rate
if applicable
) in the
order
specified in
Section 4.3
(
excluding
clauses
third and
fourth
), and
any excess
remaining
thereafter shall be
refunded
to
the Borrowers
. In determining whether
the interest
exceeds
the Maximum Lawful Rate or the
maximum amount
which a Lender could lawfully have received,
the total amount
of interest shall,
to the extent allowed
by law, be
spread
over the
term of the Loan
. Any provisions of this
Agreement regarding
the
time
during which interest accrues on
Advances
are only
elements of
the
formula
for calculating
interest on the
Obligations and are not
intended
to cause
interest to be applied to
specific
Advances for
usury
determination
purposes
.
Sample 1
Sample 2
Sample 3
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Amount of Interest
.
The Recipient agrees
that whether the amount due
the Federal Government
is
treated
as a Federal
claim
or is treated as a
debt
determines
how interest is calculated
thereon
and becomes due. Thus,
Recipient agrees to
remit
interest to the Federal Government
in accordance with
the
following
:
Sample 1
Sample 2
Sample 3
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Amount of Interest
.
The Recipient agrees
that
the method
by which interest is
calculated
depends on which
process
the Federal
Government uses
to
recover
the funds
owed. The Recipient therefore understands and agrees
to pay
the amount of interest to the Federal Government
determined as follows
:
Sample 1
Sample 2
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Amount of Interest
. Interest must be
claimed
within
ninety
(90)
days
of
the date
the
late payment
was made by the Licensee and
the claim
must be in the
form of a
tax invoice
. Interest is to be
calculated
daily
for
the period
after the
due date
until the date payment is made by the Licensee, at 5% above the ninety (90) day bank bill
rate published
on 1
June
each year
. Where an interest
penalty period
spans 1 June,
the rate
shall be the rate published in
the year
the
original invoice
was
issued
.
Sample 1
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Amount of Interest
.
The Loans
comprising
each Borrowing
shall
bear
interest
for each Interest Period
in effect
for such Borrowing at the
LIBOR Rate
for such Interest Period
plus
the
Applicable Margin
;
provided that
,
with respect to
any
Loan outstanding
at the time
an
increase in interest rate
pursuant to clause
(b) (
Default Interest
) below becomes
effective
, upon the
expiration of
its Interest Period, such
Loan shall
thereupon bear interest at the
Alternate Rate
plus the Applicable Margin with an Interest
Period of
one (1)
month
.
Sample 1
Sample 2
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Amount of Interest
. Amount of
Principal Maturity
Notation Date
Rate Loan
Repaid
Date Made By ---- ---------- ---------- ------------- ----------- ----------
Sample 1
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Amount of Interest
.
Subject to
Convertible Note
Condition
2.2(b), each Convertible
Note shall
bear
interest at an annual
fixed rate
equal to
9.75%
per annum
.
Interest will
be
payable on
the Face
Value of
each Convertible Note from and
including
the
Financial Close
until and including the date of
Conversion or Redemption
. Interest shall be
calculated
on the
basis of
a 360
day
year
.
Sample 1
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Amount of Interest
. Any
interest due
to you under this
Section
shall be
limited to an amount
equal to
interest on the
amount not yet transferred or erroneously
transferred funds
at the
average federal funds rate
as
published
by
the Federal Reserve Bank of New York
at the
close of business
on each
day
the
error
or
delay
remains
uncorrected
.
Sample 1
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Amount of Interest
. Each Offeree's "
Pro Rata Portion
" of the
Offered Interest
shall be
determined
by multiplying the Offered Interest times a
fraction
, the
numerator
of which shall be the amount of the Interest, on a
fully diluted basis
, then
owned by
such Offeree and the
denominator
of which shall be the amount of
the Interests
, on a fully diluted basis, then owned by all
Offerees
electing to
purchase
the Offered Interest pursuant to
the Right of First Refusal
.
Sample 1
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Amount of Interest
. The
Recipient agrees to
remit to
TJCOG
interest
owed as
determined
in accordance with
N.C.G.S. 147-86.23.
Sample 1
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