INTEREST RATES AND PREPAYMENT Sample Clauses

INTEREST RATES AND PREPAYMENT. Facility #1: Pricing applicable to Facility #1 is as follows: Prime-based loans: Interest is payable in Canadian dollars at Prime plus ___% per annum. Facility #1 may be prepaid in whole or in part at any time (subject to the notice periods provided hereunder) without penalty. Facility #2: Pricing applicable to Facility #2 is as follows: Prime-based loans: Interest is payable in Canadian dollars at Prime plus ___% per annum. Letters of Credit: Fee is ___% per annum with a minimum fee of $________, payable in Canadian dollars. [or Fee is to be quoted by Xxxxxx at time of issuance.] Corporate MasterCard: Fees are detailed in the Corporate MasterCard documentation. Facility #2 may be prepaid in whole or in part at any time (subject to the notice periods provided hereunder) without penalty. Facility #3: Pricing applicable to Facility #3 is as follows: Letters of Credit: Fee is ___% per annum with a minimum fee of $________. [or Fee is to be quoted by Xxxxxx at time of issuance.] REPAYMENT: [Insert appropriate description as per AFC – examples with various options follow] Facility #1: Facility #1 is payable in full on demand by Lender, and Lender may terminate the availability thereof (including any undrawn portion) at any time without notice. [include if principal payments from lot sales] Without affecting Lender's right to demand payment at any time, upon each closing of a lot in the Project Lands, an amount equal to [___% of Lot List Price/Gross Lot Sale Proceeds/Net Lot Sale Proceeds] of such lot are to be applied as a principal repayment, with the balance of all amounts owing under Facility #1 being due and payable in any event by ____________, 20___. [modify as applicable] [include if payments are principal only] Without affecting Xxxxxx's right to demand payment at any time, Borrower shall make principal payments of Cdn. $___________ per [month/quarter] on the last day of each [month/quarter] commencing _____________, 20___, with the balance of all amounts owing under Facility #1 being due and payable in full in any event by ___________, 20___. Interest on Prime-based loans is calculated on the daily outstanding principal balance, and is payable on the last day of each month. [delete if blended payments are to be made] Facility #2: Facility #2 is payable in full on demand by Xxxxxx, and Lender may terminate the availability thereof (including any undrawn portion) at any time without notice. Upon demand, Borrower shall pay to Lender the face amount of all...
Sample 1
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INTEREST RATES AND PREPAYMENT. (1) FLOATING RATE PRICING BASED ON GRID Pricing applicable to Facility #1 is as follows: - Prime-based loans: Interest is payable in Canadian dollars at Prime plus the Applicable Facility #1 Margin per annum - U.S. Prime-based loans: Interest is payable in U.S. dollars at U.S. Prime plus the Applicable Facility #1 Margin per annum - Letters of Credit: Fee is payable in the currency in which it is issued at the Applicable Facility #1 Margin per annum - Corporate Mastercard: Fees are detailed in the Corporate Mastercard documentation Non-refundable facility fee calculated at a rate equal to the Applicable Facility #1 Margin is payable monthly in Canadian dollars on the last day of each month, calculated daily on the unused portion of the authorized amount of Facility #1. The Applicable Facility #1 Margin shall be equal to the percentage rate per annum set out in the following table opposite the applicable Funded Debt to EBITDA ratio for Borrower at the time of determination: Level Funded Debt to EBITDA Ratio Canadian Prime Rate Loans and U.S. Base Rate Loan Facility Fee 1 <1.00 to 1 1.00% 0.40% 2 >1.00 to 1 but < 2.00 to 1 1.50% 0.50% 3 >2.00 to 1 2.00% 0.60% The effective date of any change to the Applicable Facility #1 Margin shall be the first day of the month immediately following the last day of the period for which Borrower is required to deliver financial statements under this Agreement. If financial statements are not delivered as required by this Agreement, the Applicable Facility #1 Margin shall immediately be the highest rate applicable, until such time as such financial statements are delivered and the ratio is re-determined. If the Applicable Facility #1 Margin changes during the term of any Guaranteed Note, the acceptance fee paid shall be adjusted to reflect the Applicable Facility #1 Margin for the remaining term, and the parties shall forthwith make whatever payments are necessary to reflect such adjustment. Facility #1 may be prepaid in whole or in part at any time (subject to the notice periods provided in this Agreement) without penalty.
Sample 1
INTEREST RATES AND PREPAYMENT. Pricing applicable to Facility #1 is as follows: - Prime-based loans: Interest is payable in Canadian dollars at Prime plus % per annum - Letters of Credit: Fee is % per annum in respect of Financial Letters of Credit with a minimum fee of $500, payable in the currency in which it is issued. Non- Financial Letters of Credit will be issued at % of the fees applicable to Financial Letters of Credit - Corporate Mastercard: Fees are detailed in the Corporate Mastercard documentation Non-refundable standby fee calculated at a rate of % per annum is payable monthly in Canadian dollars on the last day of each month, calculated daily on the unused portion of the commitment amount of Facility #1. Notwithstanding the foregoing, immediately upon and during the occurrence of an Event of Default or Shortfall, all rates and fees for Facility #1 shall increase by 2.00% per annum and such increase will remain in effect for as long as such Event of Default or Shortfall subsists. In addition to the conditions set forth in this Agreement, the Lender’s obligation to provide any advances under this Agreement will be suspended for so long as there exists an Event of Default or Shortfall. An increase in interest rates and fees as aforesaid shall apply to all outstanding Borrowings. Facility #1 may be prepaid in whole or in part at any time (subject to the notice periods provided in this Agreement) without penalty.
Sample 1
INTEREST RATES AND PREPAYMENT. Pricing applicable to Facility #2 is as follows: - Prime-based loans: Interest is payable in Canadian dollars at Prime plus % per annum Notwithstanding the foregoing, immediately upon and during the occurrence of an Event of Default or Shortfall, all rates and fees for Facility #2 shall increase by 2.00% per annum and such increase will remain in effect for as long as such Event of Default or Shortfall subsists. In addition to the conditions set forth in this Agreement, the Lender’s obligation to provide any advances under this Agreement will be suspended for so long as there exists an Event of Default or Shortfall. An increase in interest rates and fees as aforesaid shall apply to all outstanding Borrowings. Facility #2 may be prepaid in whole or in part at any time (subject to the notice periods provided in this Agreement) without penalty.
Sample 1
INTEREST RATES AND PREPAYMENT. The following amendments are made in respect of interest rates and repayment for Facility #1: - Pricing applicable to Facility #1 is as follows: - Prime-based loans: Interest is payable in Canadian dollars at Prime plus 1.75% per annum - Letters of Credit: Fee is 2.00% per annum with a minimum fee of $200.00. - Corporate MasterCard: Fees are detailed in the Corporate MasterCard documentation. - Non-refundable facility fee calculated at a rate of 0.35% per annum is payable monthly in Canadian dollars on the last day of each month, calculated daily on the unused portion of the authorized amount of Facility #1. - Facility #1 may be prepaid in whole or in part at any time (subject to the notice periods provided hereunder in Section 13) without penalty.
Sample 1
INTEREST RATES AND PREPAYMENT. (a) Pricing applicable to each Facility is based on the Applicable Margin set forth below: Margin on Canadian Prime Loans 275.0 bps 300.0 bps 275.0 bps 275.0 bps 225.0 bps G/N Stamping Fee n/a n/a n/a n/a 375.0 bps Standby Fees 85.0 bps 95.0 bps 85.0 bps 85.0 n/a Stamping Fees n/a 167.5 bps ($500 minimum) n/a n/a n/a
Sample 1

Related to INTEREST RATES AND PREPAYMENT

  • Repayment and Prepayment 6.1 Subject to the terms of this Agreement the Loans shall be repaid in full on the Final Repayment Date.

  • Payment and Prepayment of the Notes Section 8.1.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Prepayment Fees Borrower agrees to pay to each [New Term Loan Lender] the following prepayment fees, if any: [ ]. [Insert other additional prepayment provisions with respect to New Term Loans]

  • Repayment Dates The first Instalment shall be repaid on the date falling three months after the Drawdown Date, each subsequent Instalment shall be repaid at three-monthly intervals thereafter and the last Instalment, shall be repaid together with the Balloon Instalment, on the Final Repayment Date.

  • Prepayment Fee The Prepayment Fee, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares; and

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

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