Note Interest Rate. The principal balance of this Promissory Note from time to time remaining unpaid prior to maturity shall bear interest at: four and one-quarter percent (4.25%) per annum.
Note Interest Rate. On each Payment Date, commencing with the first such date to occur at least six months after the date of the first Disbursement, the Borrower shall pay interest in arrears to the order of OPIC on the daily outstanding principal balance of each Note, less any amount of principal on which interest is payable at the Default Rate pursuant to Section 2.04(b), at a rate per annum equal to the sum of the following (the “Note Interest Rate”):
Note Interest Rate. The Loan shall be evidenced by a Secured Promissory Note of even date herewith made by Borrowers, jointly and severally, to the order of Lender in the face principal amount of $25,000,000.00 (the “Note”). The Loan shall accrue interest at a fixed rate equal to 3.50% per annum. Interest shall be calculated as provided in the Note.
Note Interest Rate. The determination of a Series 2001-1 Note Interest Rate by the Auction Agent or any other Person pursuant to the provisions of the applicable Section of this Third Supplemental Indenture shall be conclusive and binding on the Holders of the series of Series 2001-1 Notes to which such Series 2001-1 Note Interest Rate applies, and the Corporation and the Trustee may rely thereon for all purposes. In no event shall the cumulative amount of interest paid or payable on a series of Series 2001-1 Notes (including interest calculated as provided herein, plus any other amounts that constitute interest on the Series 2001-1 Notes of such series under applicable law, which are contracted for, charged, reserved, taken or received pursuant to the Series 2001-1 Notes of such series or related documents) calculated from the date of issuance of such series through any subsequent day during the term of such series or otherwise prior to payment in full of the Series 2001-1 Notes of such series exceed the amount permitted by applicable law. If the applicable law is ever judicially interpreted so as to render usurious any amount called for under the Series 2001-1 Notes of a series or related documents or otherwise contracted for, charged, reserved, taken or received in connection with the Series 2001-1 Notes of such series, or if the redemption or acceleration of the maturity of the Series 2001-1 Notes of such series results in payment to or receipt by the Holder or any former Holder of the Series 2001-1 Notes of such series of any interest in excess of that permitted by applicable law, then, notwithstanding any provision of the Series 2001-1 Notes of such series or related documents to the contrary, all excess amounts theretofore paid or received with respect to the Series 2001-1 Notes of such series shall be credited on the principal balance of the Series 2001-1 Notes of such series (or, if the Series 2001-1 Notes of such series have been paid or would thereby be paid in full, refunded by the recipient thereof), and the provisions of the Series 2001-1 Notes of such series and related documents shall automatically and immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for under the Series 2001-1 Notes of such series and under the related documents.
Note Interest Rate. 15 Obligor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Note Interest Rate. (i) The Notes shall bear interest (computed on the basis of a 360-day year and actual days elapsed) on the unpaid principal thereof from the date of issuance at a floating rate equal to the Adjusted LIBOR Rate from time to time, payable quarterly on the [twenty fifth] day of March, June, September and December, commencing on September [25], 2004, until such principal sum shall have become due and payable (whether at maturity, upon notice of prepayment or otherwise) (each such date being referred to herein as an “Interest Payment Date”) and interest (so computed) on any overdue principal and LIBOR Breakage Amount, if any, and, to the extent permitted by applicable law, on any overdue interest, from the due date thereof (whether by acceleration or otherwise) at the Default Rate until paid.
Note Interest Rate. On each Payment Date the Company shall pay interest in arrears to the order of OPIC on the daily outstanding principal balance of each Note at the rate specified in such Note, PROVIDED that the first Payment Date for the payment of interest shall be June 17, 1996. Such rate shall be at a rate per annum equal to the sum of the following (the "NOTE INTEREST RATE"):
Note Interest Rate. For purposes of this Agreement:
Note Interest Rate. From and after the Series 2007-1 Closing Date, (i) the Series 2007-1 Class A-2-II-A Outstanding Principal Amount, as of the first day of each Interest Accrual Period, will accrue interest at a fixed rate equal to 6.4267% per annum (the “Series 2007-1 Class A-2-II-A Note Initial Interest Rate”) and (ii) the Series 2007-1 Class A-2-II-X Outstanding Principal Amount, as of the first day of each Interest Accrual Period, will accrue interest at a fixed rate equal to 7.0588% per annum (the “Series 2007-1 Class A-2-II-X Note Initial Interest Rate,” and together with the Series 2007-1 Class A-2-II-A Note Initial Interest Rate, the “Series 2007-1 Class A-2-II Note Initial Interest Rates”) for such Interest Accrual Period (the applicable Series 2007-1 Class A-2-II Note Initial Interest Rates and the Series 2007-1 Class A-2-I Note Interest Rate shall each be referred to as a “Series 2007-1 Class A-2 Note Interest Rate”). Such accrued interest will be due and payable in arrears on each Payment Date, commencing on the Payment Date occurring in January 2008. To the extent that such interest is not paid when due, such unpaid amount will accrue interest to the extent legally permissible at the applicable Series 2007-1 Class A-2-II Note Initial Interest Rate (but any such additional interest owed on the Series 2007-1 Class A-2-II-A Notes will not be insured pursuant to the Series 2007-1 Class A Policy); provided, that in any event all accrued but unpaid interest shall be paid in full on the Series 2007-1 Legal Final Maturity Date, on any Series 2007-1 Prepayment Date with respect to a prepayment in full of the Series 2007-1 Class A-2-II Notes or on any other day on which all of the Series 2007-1 Class A-2-II Outstanding Principal Amount is required to be paid in full. All computations of interest at the applicable Series 2007-1 Class A-2 Note Interest Rate shall be made on the basis of a year of 360 days and twelve 30-day months.
Note Interest Rate. The Loan will be evidenced by Xxxxxxxx's promissory note (the "Note") in the amount of the Loan and will bear interest at the rate of six and one half percent (6.5%) per annum and will provide for repayment in monthly installments of principal and interest over a period of ten (10) years. The first installment of principal and interest shall become due and payable on July 1, 2001 (the "Amortization Date"). Until the Amortization Date, interest only on the initial advance and all subsequent advances shall be collected monthly in arrears, on the first (1st) day of each month after the closing.
