BORROWING AND INTEREST RATE Sample Clauses

BORROWING AND INTEREST RATE. In consideration of all loans and advances --------------------------- ("Advances") from time to time made by BANK OF THE WEST (the "Lender") to or for the benefit of the undersigned (alternatively, collectively, jointly and severally the "Borrower") pursuant to the Loan Agreement of even date herewith (collectively the "Loan Agreement"), Borrower promises to pay Lender, or order, at 00 Xxxx Xxx Xxxxxxxx Xxxxxx, Second Floor, South Bay Business Banking Group, San Jose, California on the dates and in the manner hereinafter set forth, all outstanding Advances, plus any interest thereon then unpaid, at the rate (the "Equipment Purchase Line A Rate") of one quarter of one percentage point (0.25%) per year in excess of the Prime Rate (as hereinafter defined), which Equipment Purchase Line A Rate shall vary concurrently with any change in the Prime Rate. For the purpose of this Note, the "Prime Rate" shall mean the variable rate of interest, per annum, most recently announced by Lender at its headquarters office in San Francisco, California, as its "prime rate." The undersigned understands that Lender's "prime rate" is one of its base rates with respect to loans making reference thereto and may not be the lowest of Lender's base rates. Interest shall be computed on the outstanding principal balance on the basis of three hundred sixty (360) days per year and actual days elapsed.
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BORROWING AND INTEREST RATE. In consideration of the loan and advance of credit in the amount set forth above made by Bank of the West (the "Bank") to or for the benefit of Micrel Incorporated (the "Borrower") pursuant to that certain Loan and Security Agreement between Borrower and Bank dated March 8, 2000 (the "Loan Agreement"), Borrower promises to pay Bank, or order, at Xxx Xxxxx Xxxxxx Xxxxxx, Xxxxx 000, Xxxxx Xxx Business Banking Group, Xxx Xxxx, Xxxxxxxxxx 00000 on the dates and in the manner hereinafter set forth, the principal amount set forth above, plus any interest thereon at the Applicable Term Loan "A" Rate (as hereinafter defined), and all Bank Expenses. Interest shall be computed on the outstanding amount from time to time owing by Borrower to Bank under this Note on the basis of three hundred sixty (360) days per year and actual days elapsed.
BORROWING AND INTEREST RATE. In consideration of the loan and advance of credit in the amount set forth above made by Bank of the West (the "Bank") to or for the benefit of Micrel Incorporated (the "Borrower") pursuant to that certain Loan and Security Agreement between Borrower and Bank dated June 29, 2001 (collectively, the "Loan Agreement"), Borrower promises to pay Bank, or order, at Two North Second Street, Sxxxx 000, Xxxxx Xxx Xxxxxxxx Xxxxxxx Xxxxx, Xan Jose, California 95113 xx xxx xxxxx xxx xx xxx xanner hereinafter set forth, the principal amount set forth above, plus any interest thereon at the Applicable Equipment Purchase Facility "A" Rate (as hereinafter defined), and all Bank Expenses. Interest shall be computed from the date funds are advanced under this Note (the "Funding Date") and thereafter on the outstanding amount from time to time owing by Borrower to Bank under this Note on the basis of three hundred sixty (360) days per year and actual days elapsed.

Related to BORROWING AND INTEREST RATE

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Notification of Interest Periods and interest rate The Agent shall notify the Borrowers and the Banks promptly of the duration of each Interest Period and of each rate of interest (or, as the case may be default interest) determined by it under this clause 3.

  • Manner of Borrowing and Funding Revolver Loans Borrowings under the Commitments established pursuant to Section 1.1 hereof shall be made and funded as follows:

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Interest and Interest Rate (a) The Designated Securities will bear interest from April [•], 2010 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 3.729%.

  • Manner of Borrowing Loans and Designating Applicable Interest Rates Notice to the Administrative Agent 9

  • Notification of Advances, Interest Rates and Prepayments The Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder not later than the close of business on the Business Day such notice is received by the Administrative Agent. The Administrative Agent will notify each Lender of the interest rate applicable to each LIBOR Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Revolving Credit Loans Except as otherwise provided in Section 5.11,

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

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