Interest Rate and Certain Other Terms Sample Clauses

Interest Rate and Certain Other Terms. The Term Loan made by each Lender shall be evidenced by a promissory note substantially in the form of Exhibit A hereto (each, a "Note"), dated either as of the date hereof or in connection with any Notes delivered in 6 connection with a Supplement, on or before May 15, 2001, payable to the order of such Lender in a principal amount equal to the principal amount of the Term Loan made by such Lender hereunder and otherwise duly completed. The interest shall accrue on the outstanding principal amount of the Term Loan at such rates and calculated in such manner as provided in each Note. The amount of accrued interest (including PIK Interest) and all payments and prepayments made on account of the principal and interest thereof shall be recorded for each Note by the Borrower which, absent manifest error, shall be prima facie evidence of actual interest accruals and principal and interest payments. No later than the date of delivery of the financial statements required to be delivered pursuant to Section 6.1 of the Secured Credit Agreement (whether or not the Secured Credit Agreement remains in effect), the Borrower shall deliver to each Lender, (a) copies of such financial statements and the Compliance Certificate delivered under the Secured Credit Agreement, (b) an updated schedule for each Lender, indicating (i) the outstanding principal balance at the beginning of the fiscal quarter then ended (giving effect to the capitalization of all PIK Interest in preceding quarters) and including a running total of total PIK Interest accrued to such date, (ii) all interest accrued on the Notes during the fiscal quarter then ended, (iii) a reasonably detailed calculation demonstrating whether the Payment Test has been met and if so, the maximum Excess Liquidity, and (iv) the amount of (x) principal, if any, to be repaid in cash on the applicable Payment Date, (y) interest principal, if any, to be paid in cash on the applicable Payment Date, and (z) PIK Interest, if any, to be paid on the applicable Payment Date. Updated schedules for the Notes shall be maintained by the Borrower at its principal place of business and shall be available for inspection by any Lender at any reasonable time and from time to time upon reasonable prior notice. The failure of any Lender to object to any of the information delivered pursuant to this Section 2.02 shall under no circumstances constitute a waiver by such Lender of any amounts owed to it under any Loan Documents or any rights, pow...
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Interest Rate and Certain Other Terms. (a) The Loans shall bear interest at the lesser of 12% per annum or the Highest Lawful Rate; provided that during a Default or Event of Default, the Loans shall bear interest at the lesser of the Default Rate or the Highest Lawful Rate.

Related to Interest Rate and Certain Other Terms

  • Certain Other Terms (a) In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “

  • Interest Rate Agreements 13 Investment..................................................................13

  • Changes in Interest Rate, etc Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Advance is made or is converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.9 to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9, at a rate per annum equal to the Alternate Base Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of each Interest Period applicable thereto to the last day of such Interest Period at the Eurodollar Rate applicable to such Eurodollar Advance based upon the applicable Borrower's selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof.

  • Interest Rate Options The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Rate Option set forth below applicable to the Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided that (i) there shall not be at any one time outstanding more than ten (10) Borrowing Tranches in the aggregate among all of the Loans and (ii) if an Event of Default or Potential Default exists and is continuing, the Borrower may not request, convert to, or renew the LIBOR Rate Option for any Loans and the Required Lenders may demand that all existing Borrowing Tranches bearing interest under the LIBOR Rate Option shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrower to pay any indemnity under Section 5.9 [Indemnity] in connection with such conversion. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

  • Certain Other Definitions The following terms used herein shall have the meanings set forth below:

  • Interest Rate Limitation Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

  • Interest Rate Protection Agreements (a) Within ninety days after the Closing Date, the Borrower shall enter into and thereafter maintain interest rate protection agreements (protecting against fluctuations in interest rates) having a term of at least three years from the Closing Date, establishing a fixed or maximum interest rate of 10.5% per annum for an aggregate notional amount equal to at least 50% of the aggregate principal amount of all Term Loans then outstanding.

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • Interest Rate Protection Agreement As of the date hereof, Borrower has entered into, made all payments required under, and satisfied all conditions precedent to the effectiveness of, an interest rate protection agreement that satisfies all of the following conditions (such interest rate protection agreement together with (i) any extension thereof or (ii) any other interest rate protection agreement entered into pursuant to Section 2.8, being referred to herein as the “Interest Rate Protection Agreement”):

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