Floating Rate. The principal balance of the Revolving Advances shall bear interest at the Floating Rate unless the Borrower elects a LIBO Rate pursuant to Section 5.2, subject, however, to imposition of the default rate pursuant to Section 5.3.
Floating Rate. (i) Borrower fails to pay to Lender upon demand after an Event of Default all Rents to which Lender is entitled under Section 3 of the Security Instrument and the amount of all security deposits collected by Borrower from tenants then in residence. However, Borrower will not be personally liable for any failure described in this Section 9(c)(i) if Borrower is unable to pay to Lender all Rents and security deposits as required by the Security Instrument because of a valid order issued in a bankruptcy, receivership, or similar judicial proceeding.
Floating Rate. (i) To the extent that Borrower has personal liability under this Section 9, Lender may, to the fullest extent permitted by applicable law, exercise its rights against Borrower personally without regard to whether Xxxxxx has exercised any rights against the Mortgaged Property or any other security, or pursued any rights against any Guarantor, or pursued any other rights available to Lender under this Note, the Loan Agreement, any other Loan Document, or applicable law. To the fullest extent permitted by applicable law, in any action to enforce Xxxxxxxx’s personal liability under this Section 9, Borrower waives any right to set off the value of the Mortgaged Property against such personal liability.
Floating Rate. Each loan under this Contract shall be withdrawn based on the (☒ one-year LPR / ☒ LPR over five years) issued by the National Inter-bank Funding Center (☒ plus/ ☒ minus)/ bps (1bps = 0.01%) on the latest LPR issuance date prior to the withdrawal date. During the loan period of this Contract, the loan interest rate shall be adjusted as follows: ☒ On an annual basis, January 1 of each year shall be taken as the interest rate adjustment date, and it shall be executed based on the LPR (☐ plus/☐minus)/ bps issued recently before the adjustment date of interest rate. ☒ Others: / The interest rate of each loan shall be subject to that recorded in the loan voucher.
Floating Rate. Each Segment subject to the Floating Rate shall bear interest from the date the Floating Rate becomes applicable thereto until payment in full, or until the LIBOR-Based Rate is selected by the Borrower and becomes applicable thereto, on the unpaid principal balance of such Segment on an Actual/360 Basis. Any change in the Floating Rate caused by a change in the Prime Rate or in the Federal Funds Effective Rate shall take effect on the effective date of such change in the Prime Rate designated by the Lender or in the Federal Funds Effective Rate, without notice to the Borrower and without any further action by the Lender. If an Event of Default exists, each Segment subject to the Floating Rate shall bear interest from the date of such Event of Default until payment in full at a per annum rate (computed on an Actual/360 Basis) equal to the Default Rate. Notwithstanding the foregoing, for the purpose of enabling the Lender to send periodic billing statements in advance of each interest payment date reflecting the amount of interest payable on such interest payment date, at the option of the Lender, the Prime Rate or the Federal Funds Effective Rate, as applicable, in effect 15 days prior to each interest payment date shall be deemed to be the Prime Rate or the Federal Funds Effective Rate, as applicable, as continuing in effect until the date prior to such interest payment date for purposes of computing the amount of interest payable on such interest payment date. If the Lender elects to use the Prime Rate or the Federal Funds Effective Rate, as applicable, 15 days prior to the interest payment date for billing purposes, and if the Prime Rate or the Federal Funds Effective Rate, as applicable, changes during such 15-day period, the difference between the amount of interest that in fact accrues during such period and the amount of interest actually paid will be added to or subtracted from, as the case may be, the interest otherwise payable in preparing the periodic billing statement for the next succeeding interest payment date. In determining the amount of interest payable at the Termination Date or upon full prepayment of the Obligations, all changes in the Prime Rate or the Federal Funds Effective Rate, as applicable, occurring on or prior to the day before the Termination Date or the date of such full prepayment shall be taken into account.
Floating Rate. The principal balance of the Advances denominated in Dollars shall bear interest at the Floating Rate unless the Borrower elects a Term Benchmark pursuant to Section 4.2, subject, however, to imposition of the default rate pursuant to Section 4.3.
Floating Rate. If the Borrower shall not have notified the Loan Participants of its request, pursuant to (A) the Notice of Borrowing or (B) the Fixed Rate Notice in accordance with paragraph (ii) below, to have the Loan bear interest at a fixed rate, then the Applicable Rate for the Loan and related Loan Certificates shall be, for each Interest Period, the Floating Rate for such Interest Period. Interest on each Loan payable by reference to the Floating Rate shall be payable quarterly in arrears on each Interest Payment Date and shall be calculated on the basis of a year of 360 days and actual number of days elapsed.
Floating Rate. The unpaid principal balance of the Revolving Credit Loans shall bear interest for each day until due at a rate per annum (computed on a basis of a year of 360 days and actual days elapsed), as follows:
Floating Rate. (i) The unpaid principal balance of the Loan from day to day outstanding which is not past due, shall bear interest at a fluctuating rate of interest per annum equal to the Floating Rate. The “Floating Rate” for any day shall mean a fluctuating rate of interest equal to the BBA LIBOR Daily Floating Rate for that day plus the Applicable Margin. Interest shall be computed for the actual number of days which have elapsed, on the basis of a 360-day year.
Floating Rate. The rate is ____ (raised/reduced) by every ____ month(s) from the standard interest rate from the date of value. The rate adjustment day shall be the corresponding day of the date of value in the adjustment month. Where there’s no corresponding day of the date of value in the month, the last day of the month shall be the rate adjustment day.
