ORDINARY INTERESTS Sample Clauses

ORDINARY INTERESTS. The CLIENT agrees to pay MONEYMAN for this Credit and without prior requirement or collection, for ordinary interest for one or more periods, on unpaid balance, at a fixed interest rate indicated in the Cover of the Credit Contract. The ordinary interest will be generated from the date of deposit of the amount indicated in clause 1 and until the total settlement of the Credit and will be demanded only for expired periods, except as stipulated in the clause (advanced payment).
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ORDINARY INTERESTS. The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per “Interests Period” at the Ordinary Interest Rate. The calculation of interest will be performed using the number of calendar days that have elapsed with a base year of three hundred and sixty (360) days. The interests will be calculated and payable quarterly on the last day of each Interest Period; in the understanding that, if such day is not a Business Day, the payment will be made on the Business Day immediately thereafter. Notwithstanding the foregoing, the Borrower, the Joint Obligors and the Bank agree if the LIBOR Rate cannot be determined for a specific Interests Period, then: (a) the applicable interest rate will be the Alternate Rate in Dollars, or (b) in the event that the Alternate Rate in Dollars cannot be determined, the Banks, Borrower and the Joint Obligors shall negotiate in good faith and agree on the interest rate that will be used for the corresponding Interest Period, and (c) in the case that the parties do not agree on the applicable interest rate for the applicable Interests Period within 10 (ten) Business Days from the Determination Date for the interests, the Bank shall determine (and shall deliver to the Borrower and the Joint Obligors a certificate containing the basis for such determination) the applicable interest rate over such period reflecting the financial costs of the Banks, and such rate shall be applied for the applicable Interest Period.
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ORDINARY INTERESTS. SEVENTH. The Borrower agrees to pay the Bank, during the effectiveness period of this Agreement, ordinary interests on the unpaid balance of the Credit if direct withdrawals were effected, which will be calculated for withdrawals in Pesos, at an annual rate equivalent to the TIIE Rate (as defined below) plus the Applicable Margin (as defined below), and for the withdrawals in Dollars, at an annual rate equivalent to the Libor Rate (as defined below) plus the Applicable Margin. The interest rates determined in accordance to what is set forth in the foregoing paragraph, will appear in the Promissory Notes as long as the Borrower documents said withdrawals from the Credit. The interests will accrue as of the date of partial or total withdrawal of the Credit and will have to be paid to the Bank on each Interest Payment Date (as defined below). In the assumption that a Payment Date were not a Business Day (as defined below), said payment will be made on the immediately following Business Day, with the corresponding interest recalculation. By virtue of this Agreement:
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ORDINARY INTERESTS. The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per expired Interests Period at the Ordinary Interest Rate. The interests shall be calculated and payable on the corresponding Interests Payment Date. The calculation of interest will be performed using the number of calendar days that have elapsed between each Interests Payment Date and the following, with a base year of three hundred and sixty (360) days.
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ORDINARY INTERESTS. The Borrower shall pay the Bank, without prior request, ordinary interests on all outstanding amounts payable, which shall be calculated and payable per expired Interests Period at the Ordinary Interest Rate. The interests shall be calculated and payable on the corresponding Interests Payment Date. The calculation of interest will be performed using the number of calendar days that have elapsed between each Interests Payment Date and the following, with a base year of three hundred and sixty (360) days. Notwithstanding the foregoing, the Borrower, the Joint Obligors and the Banks agree that if the LIBOR Rate cannot be determined for a specific Interests Period, then: (a) the applicable interest rate will be the Alternate Rate in Dollars, or (b) in the event that the Alternate Rate in Dollars cannot be determined, the Banks, Borrower and the Joint Obligors shall negotiate in good faith and agree on the interest rate that will be used for the corresponding Interest Period, and (c) in the case that the parties do not agree on the applicable interest rate for the applicable Interests Period within 10 (ten) Business Days from the Determination Date for the interests, the Banks shall determine (and shall deliver to the Borrower and the Joint Obligors a certificate containing the basis for such determination) the applicable interest rate over such period reflecting the financial costs of the Banks, and such rate shall be applied for the applicable Interest Period.””
Sample 1
ORDINARY INTERESTS. This Agreement will cause interest in favor of THE LESSOR. In such a way, THE LESSEE will pay The LESSOR, precisely on the **** of each month, and in the event of day off or unworkable, the payment has ti be made the next immediate business day, the ordinary interest on the insolute balance of the Monthly Leveled Income subject to this Lease, will be calculated at an annual rate that will be equal to *****%per cent, which will be divided by 360 , multiplying the result thus obtained by 30 thirty days and the product obtained will be multiplied by the amount of the unsolute balance at the time of calculation, in order to be applicable monthly from the date of signature of this Lease until the date of its final expiration. Ordinary interest not covered on the date of payment shall incur default charges and interest in accordance with clause nine(c) and (D) of this Agreement. FIFTH. - ADDITIONAL FINANCING FOR THE PAYMENT OF INTEREST (if applicable). Notwithstanding the agreed in the previous paragraph, "THE LESSOR " may grant "to THE LESSOR " additional financing for the payment of such interest, which in turn will be awarded with FIRA resources, so they will be subject to the terms and conditions set out in this clause, on the understanding that the total amount of interest accrued will accrue to the main luck on the date of payment of the same, becoming part of the interest calculation base of the following month and so on until maturity of the principal or an early recovery occurs, so the total amount generated as a result of such additional financing shall be payable in conjunction with the principal fate of the credit provision in question. "THE LESSOR" requests and empowers "THE LESSOR" from this moment to grant you the additional financing for the payment thereof referred to in the preceding paragraph, accepting the terms and conditions referred to therein.
Sample 1
ORDINARY INTERESTS. This Agreement will cause interest in favor of THE LESSOR. In such a way, THE LESSEE will pay The LESSOR, precisely on the **** of each month, and in the event of day off or unworkable, the payment has ti be made the next immediate business day, the ordinary interest on the insolute balance of the Monthly Leveled Income subject to this Lease, will be calculated at an annual rate that will be equal to *****%per cent, which will be divided by 360 , multiplying the result thus obtained by 30 thirty days and the product obtained will be multiplied by the amount of the unsolute balance at the time of calculation, in order to be applicable monthly from the date of signature of this Lease until the date of its final expiration. Ordinary interest not covered on the date of payment shall incur default charges and interest in accordance with clause nine(c) and (D) of this Agreement.
Sample 1
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ORDINARY INTERESTS. The withdrawals made by the BORROWER from the amount of the LOAN, shall bear ordinary interests over the outstanding balance from the date the withdrawal in question was made, until the date they are respectively due, applying an interest rate and payment form that shall be individually agreed in each of the promissory notes, as provided under clause FOURTH of this instrument. The interest rate over the sums withdrawn from the amount of this LOAN, shall be reviewed and adjusted in accordance to what is individually agreed in each promissory note, except for those cases where a fixed rate is agreed. The sole subscription of the promissory notes documenting the withdrawals by the BORROWER shall imply acceptance and agreement pf the interest rate and the payment form contained therein. The parties agree that the period to compute interests shall be in the manner specified in each promissory note and that the reference rate applicable thereto shall be the one in force at the date of the promissory note's signature and/or the date of its revisions. The BORROWER accepts from this moment forward, any adjustments made to the rate when the latter or any of the elements composing it were variable, and should this event arise, the adjustments shall apply without need of previous notice and without need to execute in each case, any amendments to this agreement. Should the instruments stated as reference to establish the ordinary interest rate disappear totally without being replaced by any others, the parties hereby agree to substitute the promissory notes within the 3 (three) business days immediately following such event, or otherwise this instrument shall be early terminated. The calculations of ordinary as well as of delinquent interests agreed in the following clause, shall be made on the grounds of a year of 360 (three hundred and sixty) days and upon the number of days actually elapsed.
Sample 1

Related to ORDINARY INTERESTS

  • Ordinary Interest The Borrower shall pay interest on the unpaid principal amount of each Advance made by each Lender, from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Disposal of Subsidiary Interests Except for any sale or other disposition of all of its interests in the Equity Interests of any of its Subsidiaries permitted by the provisions of Section 6.08 and any Lien on or disposition of equity interests in a Technology Entity pursuant to a Technology Acquisition Claw-Back, (a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries, except to another Loan Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by applicable law.

  • Book-Entry Interests The Certificates, on original issuance, will be issued in the form of one or more, fully registered Global Certificates, to be delivered to the Depositary by, or on behalf of, the Company. Such Global Certificate shall initially be registered on the books and records of the Company in the name of Cede & Co., the nominee of the Depositary, and no Beneficial Owner will receive a definitive Certificate representing such Beneficial Owner's interest in such Global Certificate, except as provided in Section 3.9. The Agent shall enter into an agreement with the Depositary if so requested by the Company. Unless and until definitive, fully registered Certificates have been issued to Beneficial Owners pursuant to Section 3.9:

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • Pledged Equity Interests Set forth on Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).

  • Ownership Interests The ownership interest of each member of the Company will be expressed in terms of a percentage that is set out in Exhibit A, attached and made part of this Agreement. The total ownership interests of all members will always equal one-hundred percent (100%). The existing members will determine the ownership interest of any new members prior to admission to the Company.

  • Equity Interests With respect to any Person, any share of capital stock of (or other ownership or profit interests in) such Person, any warrant, option or other right for the purchase or other acquisition from such Person of any share of capital stock of (or other ownership or profit interests in) such Person, any security convertible into or exchangeable for any share of capital stock of (or other ownership or profit interests in) such Person or warrant, right or option for the purchase or other acquisition from such Person of such shares (or such other interests), and any other ownership or profit interest in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such share, warrant, option, right or other interest is authorized or otherwise existing on any date of determination.

  • Varying Interests All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Member's Sharing Ratio, the Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by the Management Committee to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Members' varying Sharing Ratios.

  • Other Interests It is understood that Trustees and officers of the Trust and shareholders of the Fund are or may be or become interested in the Adviser as trustees, officers, employees, shareholders or otherwise and that trustees, officers, employees and shareholders of the Adviser are or may be or become similarly interested in the Fund, and that the Adviser may be or become interested in the Fund as a shareholder or otherwise. It is also understood that trustees, officers, employees and shareholders of the Adviser may be or become interested (as directors, trustees, officers, employees, shareholders or otherwise) in other companies or entities (including, without limitation, other investment companies) that the Adviser may organize, sponsor or acquire, or with which it may merge or consolidate, and which may include the words “Xxxxx Xxxxx” or “Boston Management and Research” or any combination thereof as part of their name, and that the Adviser or its subsidiaries or affiliates may enter into advisory or management agreements or other contracts or relationships with such other companies or entities.

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