Interest on Loan. (i) At the Company's election in accordance with the provisions of Paragraph 2.6(c) below, in the absence of an Event of Default or Default hereunder, and prior to maturity, any Portion of the Loan shall bear interest at any one of the following rates:
Interest on Loan. Interest shall accrue on the sum of the daily unpaid principal balance of the Loan outstanding on each day in lawful money of the United States of America from the Effective Date until all such principal amounts shall have been paid in full, which interest shall accrue at a rate equal to eight percent (8%) per annum. Interest shall be compounded quarterly and computed at the above rate on the basis of the actual number of days elapsed year of 365 days; provided, however, that in no event shall Borrower be bound to pay for the use or forbearance of the money loaned pursuant hereto, interest of more than the maximum rate permitted by law to be charged by Lender; the right to demand any such excess being hereby expressly waived by Lender. All accrued and unpaid interest attributable to the principal amount of the Loan then being paid shall be payable concurrently with such payment of principal, whether in connection with any prepayment, on the Maturity Date or otherwise.
Interest on Loan. (a) (i) From the Closing Date through and including the Commitment Termination Date, interest accrues on the amount outstanding from time to time under the Loan at the rate of eleven and one-half percent (11-1/2%) per annum, calculated on the basis of a 360 day year for the number of days elapsed. Interest will be capitalized on June 30, of each year of the Loan and shall be added to the principal amount outstanding at such time under the Loan.
Interest on Loan. The Borrower shall pay the Lender interest on the outstanding balance of the Loan at a rate per annum equal to six percent (6.0%), compounded monthly and not in advance. After an Event of Default, interest on the Loan will accrue, from the date of such Event of Default, at a rate per annum of eighteen percent (18%), compounded monthly.
Interest on Loan. Borrower shall pay interest quarterly, in arrears, on the fifth day after the end of each fiscal quarter of the Borrower, on the outstanding principal amount of the Loan at the Loan Interest Rate. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, Borrower shall pay interest on the Loan at a rate which is five percent (5.0%) per annum above the Loan Interest Rate (the “Default Rate”). Notwithstanding anything contained herein to the contrary, in no event shall any interest to be paid under this Agreement or under any Loan Document exceed the maximum rate permitted by law.
Interest on Loan. 1. Interest shall be calculated from the actual date of issuance of the loan according to the actual amount of the loan and the actual term of the loan.The interest is payable monthly (month/quarter), and the date of settlement is the twentieth of each month (month/quarter end) Day. If the last repayment date of the borrowed principal is not on the settlement date, the unpaid interest accrues with the original clear.
Interest on Loan. The unpaid principal amount of the Term Loan shall bear interest from the date thereof until the Term Maturity Date (whether by acceleration or otherwise) at the Prime Rate plus 0.75% floating .
Interest on Loan. The Loan shall bear interest and be payable as set forth in the Notes.
Interest on Loan. (a)Subject to Section 2.7 and Section 2.8 below, Borrower shall pay interest on the Loan: at a rate per annum equal to Daily Simple SOFR plus the Applicable Margin (such rate, or any replacement rate (including the Applicable Margin) instituted pursuant to Section 2.7, the “Applicable Interest Rate”).
Interest on Loan. Commencing on the Drawdown Date until the Maturity Date or an Event of Default as hereinafter provided, interest shall accrue on the principal amount of the Loan Outstanding from time to time at the per annum rate equal to eight percent (8%). The Borrower promises to pay interest in arrears on the Loan on each Interest Payment Date.
