Interest on the Bonds Sample Clauses

Interest on the Bonds. If, while the Administrative Agent or its designated agent holds Pledged Bonds, the Borrower shall receive any interest payment in respect of such Pledged Bonds, the Borrower agrees to accept the same as agent for the Administrative Agent and to hold the same in trust on behalf of the Administrative Agent and to deliver the same forthwith to the Administrative Agent. All sums of money so paid in respect of such Pledged Bonds that were received by the Borrower and paid to the Administrative Agent, or that shall be received directly by the Administrative Agent (or its designated agent), shall be credited as provided in Section 3.05(b)(i).
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Interest on the Bonds. Interest on the Bonds will be payable as provided in the Bonds and in this Section. The Determination Method may be changed by the Company as described in paragraph (b) below. The methods of determining the various interest rates are as provided in paragraph (a) below, provided that no interest rate set or determined by the Remarketing Agent under (a)(1), (2), (3) or (4), or an Alternate Rate determined under (a)(5), shall exceed the Maximum Rate.
Interest on the Bonds. Interest on the Bonds will be payable as provided in the Bonds and in this Section. Interest on the Bonds will initially be payable at the Daily Rate. The interest rate determination method may be changed by the Company as described in paragraph (b) below. The methods of determining the various interest rates are as provided in the following paragraph (a).
Interest on the Bonds. (i) The Bonds shall bear interest from and including the Date of the Bonds as shown on Exhibit B until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise. Interest on the Bonds shall be paid on each Interest Payment Date. During any Interest Rate Period other than a Long-Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 365 or 366-day year, as applicable, for the number of days actually elapsed. During any Long-Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 360-day year, consisting of twelve (12) thirty (30) day months.
Interest on the Bonds. (a) Series A Bonds.
Interest on the Bonds. Interest on the Bonds will be payable as provided in the Bonds and in this Section. The Determination Method may be changed by the Company as described in paragraph (b) below. The methods of determining the various interest rates are as provided in paragraph (a) below, provided that no interest rate set or determined by the Remarketing Agent under (a)(1), (2), (3), (4) or (5), or an Alternate Rate determined under (a)(6), shall exceed the Maximum Rate. Upon the occurrence of an Event of Default resulting from failure to pay principal or interest on any Bond when due followed by the failure of the Bond Insurer to pay a proper claim under the Policy, the Trustee shall forthwith notify the Auction Agent of the same and upon receipt of such notice, the Auction Procedures shall be suspended from commencing on the date of the Auction Agent’s receipt of notice of such default from the Trustee, and the interest rate on the Bonds for each Auction Period commencing after the occurrence and during the continuance of such default to and including the Auction Period, if any, during which such default is cured will equal the Maximum Rate as determined by the Trustee on the first day of such Auction Period as provided in this Agreement. If such default is later cured or waived, the Trustee shall forthwith notify the Auction Agent of the same. The Auction Procedures shall resume two Business Days after the Auction Agent’s actual receipt of such notice of cure or waiver, with the next Auction to occur on the next regularly scheduled Auction Date occurring after such cure or waiver.
Interest on the Bonds. The Bonds shall bear interest as follows:
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Interest on the Bonds. Interest on the Bonds shall be payable as provided in this Section 2.02. Interest on the Series 1996 Bonds shall initially be payable at the Weekly Rate established at the time of original issuance and delivery of the Series 1996 Bonds, but in no event shall the interest rate on the Bonds exceed the Maximum Rate. The Bonds will initially bear interest from the Closing Date at the Weekly Rate, and thereafter will bear interest from the Interest Payment Date next preceding the date of authentication; unless (i) authenticated prior
Interest on the Bonds 

Related to Interest on the Bonds

  • 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 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 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.

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