Interest on Libor Basis Sample Clauses

Interest on Libor Basis. The Borrower shall pay each Lender interest on each Selected Amount forming part of the Loan of such Lender at an annual rate applicable for each day during which such Selected Amount is outstanding equal to the Libor applicable to such Selected Amount plus the Relevant Margin applicable on each such day.
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Interest on Libor Basis. 5.3.1 The Cdn Borrower shall pay each Cdn Lender interest on each Selected Amount forming part of the Cdn Revolving Libor Loan of such Cdn Lender; and
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Interest on Libor Basis. The principal amounts of the Libor Advances shall bear interest, computed daily, on the respective daily balances outstanding from each relevant Rollover Date at an annual rate applicable for each such day equal to the Libor Rate applicable to such Selected Amount plus the Relevant Margin and shall be in effect from and including such Rollover Date up to and including the day preceding their respective maturity date.
Sample 1
Interest on Libor Basis. The principal amount of the Libor Loan of each Lender which at any time remains outstanding, shall bear interest, computed daily, on the daily balance of the said Loan from each relevant Rollover Date at an annual rate applicable for each such day equal to the Libor of such Lender applicable to each relevant Selected Amount plus the Relevant Margin applicable on each such day and shall be in effect from and including such Rollover Date up to and including the day preceding the next following Rollover Date. Where during any Selected Maturity, the Relevant Margin changes, the interest payable on any relevant Selected Amount shall be changed accordingly as of and from the next following Rollover Date up to and including the date of the next change of the Relevant Margin.
Sample 1

Related to Interest on Libor Basis

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

  • Interest on Late Payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on the Loan Interest on the Loan shall accrue as set forth in the Note.

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