Interest Payments and Computations Sample Clauses
The 'Interest Payments and Computations' clause defines how interest is calculated and paid on outstanding amounts under an agreement. It typically specifies the applicable interest rate, the method of calculation (such as simple or compound interest), and the frequency of payments or accrual. For example, it may state that overdue payments accrue interest at a specified annual rate, calculated daily and payable monthly. This clause ensures both parties understand their financial obligations regarding interest, reducing disputes and providing clarity on the cost of late payments or outstanding balances.
Interest Payments and Computations. Accrued interest on all ---------------------------------- outstanding Floating Rate Loans shall be due and payable on the last Business Day of each month. Accrued interest on all outstanding LIBOR Loans shall be due and payable on the last day of the applicable Interest Period, but in no event later than 90 days following the commencement of such Interest Period. Interest on LIBOR Loans shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed from the first day of the applicable Interest Period, but excluding the last day of such period. Interest on each Floating Rate Loan shall be computed on the basis of a 365- or 366-day year and shall be assessed for the actual number of days elapsed.
Interest Payments and Computations. Accrued interest on all outstanding Loans shall be compounded annually. Accrued interest shall be payable at the time of payment of principal amounts in respect of the amount of such principal payment, and all other accrued interest shall be due and payable on the Maturity Date. Interest on each Loan shall be computed on the basis of a 365-day year and shall be assessed for the actual number of days elapsed.
Interest Payments and Computations. 35 4.1. Interest; Costs and Expenses. 35 4.2. Concerning Interest Periods. 41 4.3. Interest on Overdue Amounts. 41 4.4. Payments. 42 4.5. Computations. 43 4.6. Interest Limitation. 43 4.7. Indemnification. 43 4.8. Banks' Obligations Several. 44 4.9. Debt Rating Increase. 44 5. [INTENTIONALLY OMITTED]. 44 6. COLLATERAL SECURITY AND GUARANTIES. 44 6.1.
Interest Payments and Computations. Accrued interest on all outstanding Loans shall be due and payable on the first Business Day of each month. Interest on LIBOR Loans shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed from the first day of the applicable Interest Period, but excluding the last day of such period. Interest on each Floating Rate Loan shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed.
Interest Payments and Computations. Accrued interest on all ---------------------------------- outstanding Loans shall be due and payable on the last Business Day of each month. Interest on LIBOR Loans shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed from the first day of the applicable Interest Period, but excluding the last day of such period. Interest on each Floating Rate Loan shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed.
Interest Payments and Computations