Calculation and Payment of Interest. (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.
Calculation and Payment of Interest. 6.4.1 At the beginning of each Interest Period, subject to clause 6.5 (Determination of Applicable Margin), the Facility Agent shall notify the Lenders and the relevant Obligor of the duration of the Interest Period and the rate and amount of interest payable for the Interest Period (but in the case of any default interest calculated under Clause 6.3 (Default interest), any such notification need not be made more frequently than weekly). Each notification shall set out in reasonable detail the basis of computation of the amount of interest payable.
Calculation and Payment of Interest. Tranche A Committed Loans shall bear interest from the date disbursed to but not including the date of payment calculated on the principal amount of Tranche A Committed Loans outstanding from time to time hereunder at a per annum rate equal to, at the option of and as selected by the Company from time to time (subject to the provisions of Paragraphs (6(c), 6(d) and 6(e) below), the Applicable Eurodollar Rate for the applicable Interest Period or the daily average Applicable Effective Fed Funds Rate during the applicable interest computation period, said interest to be payable as provided more particularly in Paragraph 6(b) below.
Calculation and Payment of Interest. 6.2.1 Interest on Prime Rate Loans shall accrue from day to day, both before and after default, demand, maturity and judgment, shall be calculated on the basis of the actual number of days elapsed and on the basis of a year of 365 or 366 days, as the case may be, and shall accrue and be payable to the Lender in Canadian dollars monthly in arrears on the third Banking Day of the following calendar month. For greater certainty, where the rate applicable to a Prime Rate Loan is changed, interest shall be charged for the day on which such change is effective on the basis of the new rate.
Calculation and Payment of Interest. Interest on each LIBOR Loan shall be calculated on the basis of a year of 360 days for the actual number of days elapsed for the applicable interest period. Interest on the Loans shall be paid in immediately available funds at the Principal Office of the Lender. Interest shall be calculated daily and payable monthly, in arrears, in accordance with the terms of the Construction Note.
Calculation and Payment of Interest. Interest on the Principal Amount shall accrue from day to day, both before and after default, demand, maturity and judgment, and shall be calculated on the basis of the actual number of days elapsed and on the basis of a year of 365 days and shall be compounded and payable to the Lender in arrears on March 31, June 30, September 30 and December 31 (each an "Interest Payment Date") in each year (or, if not a Business Day on the immediately following Business Day), with the first Interest Payment Date being March 31, 2003.
Calculation and Payment of Interest. (a) Interest on the Advance shall be calculated daily and payable monthly in arrears on the last day of each calendar month (or, if an Event of Default as described in Section 13.01(a), Section 13.01(f) or Section 13.01(g) is in existence, the last day of each calendar month) to occur while such Advance is outstanding.
Calculation and Payment of Interest. (a) If the Subscription Proceeds and any Interest Proceeds become distributable to the Subscribers pursuant to Section 2, the General Partner shall compute the pro rata share of interest paid or earned on the applicable Subscription Proceeds, shall inform the Escrow Agent of these amounts and the Escrow Agent shall distribute the Interest Proceeds pro rata to the Subscribers.
Calculation and Payment of Interest. Any change in the interest rate based on the Prime Rate resulting from a change in the Prime Rate shall be effective as of the opening of business on the day on which such change in the Prime Rate becomes effective. Interest on each Prime Loan shall be calculated on the basis of a year of 360 days for the actual number of days elapsed for any payment period. Interest on each LIBOR Loan shall be calculated on a basis of a year of 360 days for the actual number of days elapsed for the Interest Period. Interest on the Loans shall be paid in immediately available funds at either the Principal Office of the Lender or any branch thereof. Interest shall be calculated daily and payable monthly, in arrears on the average daily unpaid principal sum during the preceding month. Any principal amount not paid when due (at maturity, by acceleration or otherwise) shall bear interest thereafter until paid in full, payable on demand, at a rate per annum equal to the aggregate of the interest rate currently in effect on such Loan, as determined herein, plus five percent (5.00%).
Calculation and Payment of Interest. (a) The rate of interest on the Loan for each Interest Period is the applicable Interest Rate.