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 VFC Certificates on each Distribution Date pursuant to Section 3A.6(a).
(b) The Servicer shall distribute pursuant to Section 3A.6(b), from amounts on deposit in the Series 2003-1 Collection Subaccount, to the Funding Agent, for the PRO RATA account of the APA Banks in accordance with their respective Pro Rata Shares, on each Distribution Date, a commitment fee with respect to the Accrual Period ending immediately prior to such date (the "COMMITMENT FEE") equal to the Commitment Fee Rate multiplied by the average daily Aggregate Commitment Amount during such Accrual Period. The Commitment Fee shall be payable (i) monthly in arrears on each Distribution Date (including during the Series 2003-1 Amortization Period) and (ii) on the Commitment Termination Date. To the extent that funds on deposit in the Series 2003-1 Collection 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 Servicer shall distribute pursuant to SECTION 3A.6(b), from amounts on deposit in the Series 2003-1 Collection Subaccount, to the Funding Agent, for the account of Initial Purchaser, on each Distribution Date with respect to which Initial Purchaser held a portion of the Series 2003-1 Invested Amount during the Accrual Period ending immediately prior to such date, a utilization fee (the "UTILIZATION FEE") with respect to such Accrual Period at the Utilization Fee Rate of the average Series 2003-1 Invested Amount during such period. The Utilization Fee shall be payable monthly in arrears on each Distribution Date. To the extent that funds on deposit in the Series 2003-1 Collection Subaccount at any such date are insufficient to pay the Utilization 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.
(d) Calculations of per annum rates and fees 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 with respect to Commitment Fees, Utilization Fees and interest rates. Each determination of the Adjusted LIBO Rate by the Funding Agent shall be conclusive and binding upon each of the parties hereto in the absence of manifest error.
Interest Fees. (a) Subject to the provisions of subsection (b) below, each Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the greater of (i) the Borrower’s option of (x) Daily LIBOR Rate plus the Applicable Margin or (y) the NY Effective Rate plus the Applicable Margin and (iii) 2.00%.
(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 (x) the rate otherwise applicable thereto and (y) 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 Daily LIBOR Rate and the NY Effective Rate, 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 Daily LIBOR Rate Loan, within the limits described herein, to a Federal Funds Rate Loan, 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 Banking Day), give the Lender written or telephonic notice thereof, which shall be irrevocable. Such notice shall specify the Loan which is to be converted to a Federal Funds Rate Loan. Changes requested after such time may not be available until the next Banking Day. Subject to the other terms and conditions hereof, Federal Funds Rate Loans will continue to bear interest based on the NY Effective Rate, until and if the Borrower selects another available interest rate option.
(f) If the Borrower wishes to change the rate of interest on any Federal Funds Rate Loan, within the limits de...
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. Client agrees to pay interest charges which may be imposed by GS&Co. in accordance with the terms of the “Interest Charges and Margin Requirements Disclosure Statement” and GS&Co.’s usual custom as may be modified by any side rate letter issued by GS&Co., 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 receipt by GS&Co. of the item sold in good deliverable form). Client acknowledges receipt of the attached supplement entitled “Interest Charges and Margin Requirements Disclosure Statement” and a side rate letter, 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 pay promptly any custody or other fees which may be imposed by GS&Co. with respect to the Account. Client authorizes GS&Co. 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 New Account Agreement shall be made, and the value of any margin or collateral shall be calculated, without withholding or deducting any 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 GS is equal to the amount that GS would have received had no such withholding or deduction been required. With respect to payments by GS to Client under this New Account Agreement, Client will provide GS with any forms or documentation reasonably requested by GS in order to reduce or eliminate withholding tax thereon. GS is hereby authorized to withhold Taxes from any payment made hereunder and remit such Taxes to the relevant taxing authorities to the extent required by applicable law.
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.
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. (a) The outstanding principal balance of each credit subject hereto shall bear interest, and the amount of each drawing paid under any Letter of Credit shall bear interest from the date such drawing is paid to the date such amount is fully repaid by Borrower, at the rate of interest set forth in the Line of Credit Note.
Interest Fees. The Customer shall pay interest and/or fees on the amount of each Facility from time to time outstanding from the date of extension thereof to the actual date of repayment at the per annum or other rate as the parties shall agree from time to time (the "Applicable Rate"). Other than on Facilities where the Bank elects to discount fees and/or interest in advance and except as may otherwise be expressly and specifically provided in the relevant Application and/or Facility Documentation, interest and fees on Facilities shall be paid monthly on the last Business Day (defined below) of the month or otherwise as specified by the Bank.