Interest Fees Sample Clauses
The INTEREST/FEES clause sets out the terms under which interest and additional fees may be charged in relation to payments under the agreement. Typically, this clause specifies the interest rate applied to late payments, the method of calculation, and any administrative fees that may be incurred for overdue amounts. By clearly defining these financial consequences, the clause incentivizes timely payment and compensates the party owed money for delays, thereby reducing the risk of non-payment and ensuring financial discipline between the parties.
Interest Fees. (a) Interest shall be payable on the Series 2004-4 Notes on each Distribution Date pursuant to Section 3.3.
(b) On any Business Day, CRCF may, subject to Section 2.7(c), elect to allocate all or any portion of the Available CP Funding Amount with respect to any Match Funding CP Conduit Purchaser, to one or more CP Tranches with CP Rate Periods commencing on such Business Day by giving the Administrative Agent and the Funding Agent with respect to such Match Funding CP Conduit Purchaser irrevocable written or telephonic (confirmed in writing) notice thereof, which notice must be received by such Funding Agent prior to 3:00 p.m. (New York City time) on the second Business Day prior to such Business Day. Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to such Purchaser Group is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche. On any Business Day, CRCF may, subject to Sections 2.7(c) and 7.4, elect to allocate all or any portion of the Available APA Bank Funding Amount with respect to any Purchaser Group to one or more Eurodollar Tranches with Eurodollar Periods commencing on such Business Day by giving the Administrative Agent and the Funding Agent with respect to such Purchaser Group irrevocable written or telephonic (confirmed in writing) notice thereof, which notice must be received by such Funding Agent prior to 1:00 p.m. (New York City time) three (3) Business Days prior to such Business Day. Such notice shall specify (i) the applicable Business Day, (ii) the Eurodollar Period for each Eurodollar Tranche to which a portion of the Available APA Bank Funding Amount with respect to such Purchaser Group is to be allocated and (iii) the portion of such Available APA Bank Funding Amount being allocated to each such Eurodollar Tranche. Upon receipt of any such notice, the Funding Agent with respect to a Purchaser Group shall notify the CP Conduit Purchaser and the APA Bank with respect to such Purchaser Group of the contents of such notice promptly upon receipt thereof.
(c) Notwithstanding anything to the contrary contained in this Section 2.7, (i) (A) each Match Funding CP Conduit Purchaser shall approve the length of each CP Rate Period and the portion of the Available CP Funding Amount with respect to such Match Funding CP Conduit Purchaser allocated to such CP Rate Period,...
Interest Fees. Borrower shall pay FINOVA interest on the daily outstanding balance of the Obligations at the per annum rate set forth on the Schedule. Borrower shall also pay FINOVA the fees set forth on the Schedule.
Interest Fees. (a) Interest shall be payable on the Series 2006-2 Notes on each Distribution Date pursuant to Section 3.3.
(b) CRCF shall pay with funds available pursuant to Section 3.3(a) to the Administrative Agent, for the account of each Purchaser Group, on each Distribution Date, a liquidity fee with respect to the Series 2006-2 Interest Period ending on the day preceding such Distribution Date (the “Liquidity Fee”) during the period from the Series 2006-2 Closing Date to and including the Series 2006-2 Termination Date at the Liquidity Fee Rate of the Liquidity Amount with respect to such Purchaser Group during such Series 2006-2 Interest Period. The Liquidity Fees shall be payable monthly in arrears on each Distribution Date.
(c) The Funding Agent for any Purchaser Group shall, in consultation with the Administrator on behalf of CRCF, allocate all or a portion of any APA Bank Funded Amount to one or more Eurodollar Tranches. The portion of any APA Bank Funded Amount allocated to a Eurodollar Tranche shall bear interest at the Adjusted LIBO Rate for the related Eurodollar Period plus the Applicable Margin. If the Funding Agent and the Administrator determine that allocation of all or any portion of the APA Bank Funded Amount to one or more Eurodollar Tranches is not practical or advisable, then the portion of the APA Bank Funded Amount for any Purchaser Group not allocated to a Eurodollar Tranche shall be part of the Floating Tranche.
(d) Calculations of per annum rates under this Supplement shall be made on the basis of a 360- (or 365-/366- in the case of interest on the Floating Tranche based on the Prime Rate) day year. Calculations of Liquidity Fees shall be made on the basis of a 360-day year. Each determination of the Adjusted LIBOR Rate by the Administrative Agent shall be conclusive and binding upon each of the parties hereto in the absence of manifest error.
Interest Fees. The Borrower hereby unconditionally promises to pay to the Administrative Agent for account of the Lenders interest on the unpaid principal amount of each Loan, for the period from and including the Borrowing Date for such Loan to but excluding the date that such Loan shall be paid in full, at a rate per annum equal to the Interest Rate.
Interest Fees. (a) Each Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due and payable, at a rate per annum equal to twelve percent (12%). Interest shall accrue during the term of each such Loan and shall be compounded annually on each anniversary of the making of such Loan, and shall accrue interest hereunder on principal until paid. Accrued interest on Loans shall be payable upon the earlier of (i) the Maturity Date of such Loan and (ii) such other date that such Loan's principal is prepaid (on the amount so repaid or prepaid). Any overdue principal of or interest on any Loan shall bear interest, payable on demand, for each day until paid in full at a rate per annum equal to fourteen percent (14%) per annum.
(b) On the Closing Date, the Borrower shall pay to the Administrative Agent for the account of the Lenders (for distribution to each Lender ratably in proportion to its Commitment) a commitment fee of two hundred fifty thousand Dollars ($250,000) and a closing fee of two hundred fifty thousand Dollars ($250,000). On the Closing Date, as additional compensation for the Commitments made by the Lenders hereunder, Motient shall issue to each Lender, a warrant to purchase shares of common stock of Motient ("Motient Common Stock") substantially in the form of Exhibit B hereto. The exercise price for such warrants shall be one Dollar and six cents ($1.06). The aggregate number of shares of Motient Common Stock underlying such warrants shall be three million one hundred and twenty five thousand (3,125,000) and the number of shares of Motient Common Stock underlying each Lender's warrant shall be determined ratably in proportion to each Lender's Commitments.
(c) On the Termination Date, the Borrower shall pay to the Administrative Agent for the account of the Lenders (for distribution to each Lender ratably in proportion to its Commitment), a commitment fee equal to a per annum rate of .0125 (for the actual number of days elapsed) multiplied by the average daily undrawn amount of aggregate Commitments of the Lenders during the period from the Closing Date to the Termination Date.
(d) The Borrower agrees to pay to the Administrative Agent, for its own account, fees in the amount of $15,000 per annum, payable in advance on the Closing Date and on each anniversary thereof.
(e) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent...
Interest Fees. Client agrees to pay interest charges which may be imposed by ▇▇▇▇▇▇ and charged by Clearing Firm in accordance with the terms of the “Interest Charges Disclosure Statement” and Broker’s and Clearing Firm’s usual custom as may be modified by any side rate letter issued by Broker, if applicable, with respect to late payments in conjunction with any transaction, including for securities purchased, in Client’s Account and prepayments in Client’s Account (i.e., the crediting of the proceeds of sale prior to settlement date or prior to the receipt by Clearing Firm of the item sold in good deliverable form) in cash accounts at the rate charged on net Debit Balances in margin accounts. Similarly, Broker may, but does not necessarily, charge interest on late payments by Client for securities purchased in cash accounts at the rate charged on net Debit Balances in margin accounts. Client acknowledges receipt of the attached supplement entitled “Interest Charges Disclosure Statement” and a rate schedule, if applicable, and agrees to be bound thereby. Client agrees to pay promptly any amount which may become due in order to meet requests for additional deposits or marks to market with respect to any transactions, including unissued securities purchased or sold by Client. Client agrees to promptly pay such commission rates as Broker or Clearing Firm may from time to time charge, as well as all other costs and fees (including, without limitation, an account maintenance fee, custody fees, ticket and clearing charges and fees imposed by any Exchange or other regulatory or self- regulatory organizations) arising out of Broker’s or Clearing Firm’s provision of services to Client and Client’s Account. Client authorizes ▇▇▇▇▇▇ and Clearing Firm to automatically debit Client’s Account in payment of any charges posted to the Account. Except as required by applicable law, each payment by Client, and all deliveries of margin or collateral, under this Account Agreement shall be made, and the value of any margin or collateral shall be calculated, without withholding or deducting any taxes (including, for the avoidance of doubt, any withholding taxes), levies, imposts, duties, charges, assessments or fees of any nature, including interest, penalties and additions thereto that are imposed by any taxing authority (“Taxes”). If any Taxes are required to be withheld or deducted, Client shall pay such additional amounts as necessary to ensure that the actual net amount received by Broker...
Interest Fees and Expenses ---------------------------
8.1 Interest on the outstanding balances of the Revolving Base Rate Loans shall be payable monthly on the first Business Day of each month and shall accrue at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin on the average of the net balances owing by the Companies to the Agent and the Lenders in the Companies' Revolving Loan Account at the close of each day during the immediately preceding month. With respect to Revolving LIBOR Loans, interest shall be payable monthly on the first Business Day of each month and shall accrue at a rate per annum equal to the applicable LIBOR plus the Applicable Margin on the average balances of all LIBOR Loans outstanding during the immediately preceding month. In the event of any change in the Alternate Base Rate, the rate set forth in the first sentence of this Section 8.1 shall change, as of the first of the month following ----------- any such change, so as to remain by a percentage equal to the Applicable Margin above the Alternate Base Rate then in effect. All interest rates shall be calculated based on a 360-day year. The Agent, on behalf of the Lenders, shall be entitled to charge the Companies' Revolving Loan Account for all interest provided for herein when due until all Obligations have been paid in full.
8.2 Interest on any portion of the principal amount of the Term Loan for which the Companies have not elected to use LIBOR as the basis for the interest rate (i.e., a Term Base Rate Loan) shall be payable --- monthly on the first Business Day of each month and shall accrue at a rate per annum equal to the sum of the Alternate Base Rate plus the ---- Applicable Margin. Interest on any portion of the principal amount of the Term Loan for which the Companies have elected to use LIBOR as the basis for the interest rate (i.e., a Term LIBOR Loan) shall be payable --- monthly on the first Business Day of each month and shall accrue at a rate per annum equal to the sum of the applicable LIBOR plus the ---- Applicable Margin. In the event of any change in the Alternate Base Rate, the rate set forth in the first sentence of this Section 8.2 shall ----------- change, as of the first of the month following any such change, so as to remain by a percentage equal to the Applicable Margin above the Alternate Base Rate then in effect. All interest rates shall be calculated based on a 360-day year. The Agent, on behalf of the Lenders, shall be entitled to charge...
Interest Fees. (a) Interest shall be payable on the VFC Certificates on each Distribution Date pursuant to subsection 3A.6(a).
(b) The Trustee (acting at the written direction of the Servicer upon which the Trustee may conclusively rely) shall distribute pursuant to subsection 3A.6(b), from amounts on deposit in the Series 1998-1 Non-Principal Collection Sub-subaccount, to the Funding Agent, for the pro rata account of the APA Banks in accordance with their respective Commitment Percentages, on each Distribution Date, a commitment fee with respect to each Accrual Period ending on such date (the "Commitment Fee") (i) during the Series 1998-1 Revolving Period at the Commitment Fee Rate of the average daily excess of the Aggregate Commitment Amount over the average aggregate Series 1998-1 Purchaser Invested Amounts of the APA Banks during such Accrual Period and (ii) during the Series 1998-1 Amortization Period at the Commitment Fee Rate of the average daily Series 1998-1 Invested Amount during such Accrual Period; provided however, that no Commitment Fee will be payable hereunder for any Accrual Period or portion thereof during the Series 1998-1 Amortization Period that commences on or after the APA Bank Purchase Date. The Commitment Fee shall be payable (i) monthly in arrears on each Distribution Date and (ii) on the Commitment Termination Date. To the extent that funds on deposit in the Series 1998-1 Non-Principal Collection Sub-subaccount at any such date are insufficient to pay the Commitment Fee due on such date, the Servicer shall so notify the Company and the Company shall immediately pay the Funding Agent the amount of any such deficiency.
(c) The Trustee (acting at the written direction of the Servicer upon which the Trustee may conclusively rely) shall distribute pursuant to subsection 3A.6(b), from amounts on deposit in the Series 1998-1 Non-Principal Collection Sub-subaccount, to the Funding Agent, for the account of the Initial Purchaser, on each Distribution Date prior to the APA Bank Purchase Date and on the Distribution Date immediately succeeding the APA Bank Purchase Date, a facility fee (the "Facility Fee") with respect to each Accrual Period ending on such date (or, in the case of the Distribution Date immediately succeeding the APA Bank Purchase Date, the period from and including the immediately preceding Distribution Date to but excluding the APA Bank Purchase Date)
(i) during the Series 1998-1 Revolving Period, at the Facility Fee Rate of the averag...
Interest Fees. (a) Subject to the provisions of clause (b) below, each Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Borrower’s option of (i) the SOFR-Based Rate, (ii) the Fed Funds-Based Rate or (iii) the Prime-Based Rate.
(b) If any amount payable by the Borrower on behalf of itself or any Fund under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, to the fullest extent permitted by Applicable Law, all amounts due under the Loan Documents shall thereafter bear interest at a rate equal to the sum of (i) the rate otherwise applicable thereto and (ii) 2.0% per annum for each day until all past due amounts and any interest thereon are paid in full. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.
(c) Except as expressly provided herein, accrued interest on the Loans shall be payable by the Borrower on behalf of the Fund for which such Loans were made in arrears on each Payment Date. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.
(d) The Borrower shall select and change its selection of the interest rate as among the Interest Rate Options, in each case to apply to at least $100,000 of any principal (or the remaining amount available hereunder), subject to the requirements herein stated.
(e) If the Borrower wishes to change the rate of interest on any Loan, within the limits described herein, from any Interest Rate Option to another Interest Rate Option, it shall, at or before 12:00 p.m. (Chicago time) on the day such change is to take effect (which day must be a Business Day), give the Lender written or telephonic notice thereof, which shall be
Interest Fees. Client agrees to pay interest charges which may be imposed by you in accordance with your usual custom, with respect to late payments in conjunction with any transaction, including for securities purchased, in Client's account and prepayments in Client's account (i.e., the crediting of the proceeds of sale prior to settlement date or prior to receipt by you of the item sold in good deliverable form). Client acknowledges receipt of the enclosed document entitled "Interest Charges to Clients" and agrees to be bound thereby, Client agrees to pay promptly any amount which may become due in order to meet requests for additional deposits or marks to market with respect to any transactions including unissued securities purchased or sold by Client. Client agrees to pay promptly any custody or other fees which may be imposed by you with respect to the account. 6.