Interest Fees and Charges Sample Clauses

Interest Fees and Charges. Interest shall accrue on Outstanding Advances, both before and after judgment, from the date of disbursement until receipt of Collected Payments, at the Daily Funds Rate. Upon occurrence of an Event of Default, interest on Outstanding Advances shall thereafter accrue, both before and after judgment, at the Default Rate until receipt of Collected Payments. In addition, Client shall pay Summit the Fees and Charges. The Administrative Fees are for monitoring of the Collateral, collection of the Accounts, and administration of this Agreement. The Administrative Fees are not intended to be and shall not be construed to be interest. Interest and Fees and Charges may be deducted from Advances or from Collected Payments.
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Interest Fees and Charges a. The Bank may provide interests and impose fees and charges for certain products and services provided to you. The rate may vary from time to time. By subscribing to Bank’s product and services, you acknowledge having been informed and accept without restriction to the rate defined by the Bank. The Bank will inform customer 30 days prior to the effect of the amendment.
Interest Fees and Charges. Paragraph 5(b) is deleted in its entirety and the following is substituted in lieu thereof:
Interest Fees and Charges. (a) Interest Rate. ------------- Subject to the terms and conditions set forth below, the Loans shall bear interest at the per annum rate of interest set forth in subsection (i), (ii) or -------------------- (iii) below: -----
Interest Fees and Charges. (a) Interest Rate. *
Interest Fees and Charges. (i) Clause (b) of Section 4(a)(i) is deleted in its entirety and the following is substituted in lieu thereof:
Interest Fees and Charges. (a) Rates of Interest. Interest accrued on all Loans shall be due on the earliest of: (i) the first day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month; (ii) the occurrence of an Event of Default in consequence of which LaSalle elects to accelerate the maturity and payment of the Liabilities; or (iii) termination of this Agreement pursuant to paragraph 12 hereof. At Borrower's election, except as otherwise provided in paragraph 6(c) hereof, interest shall accrue on: (A) the unpaid principal balance of the Term Loan made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one and one-half per cent (1.50%) (the "TERM LOAN MARGIN") above the Reference Rate; and (B) the principal amount of the Revolving Loans made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one per cent (1.00%) (the "REVOLVING LOAN MARGIN") above the Reference Rate; provided, however, that upon LaSalle's receipt and review of Borrower's consolidated audited financial statements indicating consolidated net income for Fiscal Year ending December 31, 2000, of not less than $500,000, then the Revolving Loan Margin and the Term Loan Margin shall each thereafter be reduced by fifty (50) basis points (i.e., one-half of one percent (0.50%)), with such reduction to
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Interest Fees and Charges. (a) Interest on Loan(s).
Interest Fees and Charges. 2.1 Throughout the whole repayment tenor, interest on the Loan is calculated at the Monthly Reducing Rate (“MRR”) as specified in the Agreement and on the basis of a 30-day month and a 360-day year (including leap year). The MRR may differ from its actual calculation due to the Monthly Instalment amount being rounded up or down to the nearest dollar.
Interest Fees and Charges. 1. Interest will accrue and will be calculated and charged in accordance with the provisions of this section unless otherwise stated.
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