Payment and Calculation of Interest. All interest shall be payable in arrears commencing December 1, 2009 and on the first Business Day of each month thereafter until the principal together with all interest and other charges payable with respect to the Loan shall be fully paid. All computations of interest for Base Rate Advances shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.3.11, bear interest for one day. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding, under any Debtor Relief Law.
Payment and Calculation of Interest. All interest shall be: (a) payable in arrears commencing on the first day of the calendar month following the Funding Date and on the same day of each month thereafter until the principal together with all interest and other charges payable with respect to the Loan shall be fully paid; and (b) calculated on the basis of a 360 day year and the actual number of days elapsed. Each change in the Prime Rate shall simultaneously change the Variable Rate payable under this Agreement. Interest at the Effective LIBO Rate shall be computed from and including the first day of the applicable Interest Period to, but excluding, the last day thereof.
Payment and Calculation of Interest. On each Payment Date, the Issuer shall, to the extent that it has funds available therefore pursuant to, and in accordance with, clause 21 (Order of Priority) of the Trust Agreement, pay to the Subordinated Lender any interest accrued but unpaid on the Subordinated Loan during the immediately preceding Interest Period by applying the Margin to the Subordinated Loan Amount outstanding immediately prior to the relevant Payment Date and on the basis of a year of 365 days and the actual number of days elapsed in the relevant Interest Period and rounding the result up or down to the nearest full xxxxx.
Payment and Calculation of Interest. With respect to ----------------------------------- Portions which bear interest at the rate based on the Adjusted Libor Rate, interest shall be due and payable on the last day of each Interest Period for each such Portion, and, in the case of a Portion with an Interest Period of six (6) months, on the ninetieth (90) day after the commencement of such Interest Period and on the last day of the Interest Period. With respect to Portions which bear interest at the rate based on the Base Rate, interest shall be due and payable on the last Business Day of each March, June, September and December. Interest shall be calculated in accordance with the provisions of Paragraph 2.6(b) hereof; all interest shall be calculated on the basis of the actual number of days elapsed over a year of 360 days in the case of interest based on the Adjusted Libor Rate, or over a year of 365 or 366 days, as applicable, in the case of interest based on the Base Rate.
Payment and Calculation of Interest. Interest shall be due and payable on the last day of each Interest Period for each Portion bearing interest based on the Adjusted Libor Rate; provided, however, that with respect to Portions which bear interest at the Adjusted Libor Rate having Interest Periods in excess of three (3) months, the Borrowers shall pay interest on the ninetieth (90th) day of the Interest Period and on the last day of the Interest Period. With respect to Portions which bear interest at the Base Rate, the Borrowers shall pay interest on the last Business Day of each month commencing on the first such date after the first Advance which bears interest at the Base Rate. Interest shall be calculated in accordance with the provisions of Paragraph 2.6(a) hereof; interest based on the Base Rate shall be calculated on the basis of the actual number of days elapsed over a year of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and interest based on the Adjusted Libor Rate shall be calculated on the basis of the actual number of days elapsed over a year of three hundred sixty (360) days.
Payment and Calculation of Interest. Subject to the provisions of Section 2.3.14, all interest shall be: (a) payable in arrears commencing on May 31, 2006 with payments to be made on each Interest Payment Date thereafter; and (b) calculated on the basis of a 360 day year and the actual number of days elapsed. Interest shall be computed from and including the first day of the applicable Interest Period to, but excluding, the last day thereof.
Payment and Calculation of Interest. With respect to Libor ----------------------------------- Portions, interest shall be due and payable on the last day of each Interest Period for each such Portion, and, in the case of a Libor Portion with an Interest Period of six (6) months, on the ninetieth (90th) day after the commencement of such Interest Period and on the last day of the Interest Period. With respect to Base Rate Portions, interest shall be due and payable on the last Business Day of each March, June, September and December commencing on the first such date after the first Advance which bears interest at the Base Rate. Interest shall be calculated in accordance with the provisions of Paragraph 2.5(a) hereof; all interest based on the Adjusted Libor Rate shall be calculated on the basis of the actual number of days elapsed over a year of three hundred sixty (360) days, and interest based on the Base Rate shall be calculated on the basis of the actual number of days elapsed over a year of three hundred sixty- five (365) or three hundred sixty-six (366) days, as applicable.
Payment and Calculation of Interest. The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, (ii) during such periods as such Term Loan is a Daily Simple SOFR Loan, Adjusted Daily Simple SOFR plus the Applicable Margin in effect from time to time and (iii) during such periods as such Term Loan is a Term SOFR Loan, the relevant Adjusted Term SOFR for such Term SOFR Loan for the applicable Interest Period plus the Applicable Margin, in each case, as in effect from time to time. All interest for each Interest Period shall be payable in arrears on the applicable Interest Payment Date until the principal together with all interest and other charges payable with respect to the Loan shall be fully paid. All computations of interest for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.3.11, bear interest for one day. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding, under any Debtor Relief Law.
Payment and Calculation of Interest. All interest shall be payable in arrears at the end of each two-month period after the date of this Note (each an “Interest Period”) commencing on May 26, 2008, and on the Time Note Maturity Date until the principal together with all interest and other charges payable with respect to this Note shall be fully paid. All computations of interest shall be made on the basis of a three hundred sixty (360) day year and the actual number of days elapsed. Interest shall be computed from and including the first day of the applicable Interest Period through the last day thereof.
Payment and Calculation of Interest. All interest shall be: (a) payable in arrears commencing February 1, 2002 and on the same day of each month thereafter until the principal together with all interest and other charges payable with respect to the Loans shall be fully paid; and (b) calculated on the basis of a 360 day year and the actual number of days elapsed. If a Loan shall at any time accrue interest at the Variable Rate pursuant to the terms and conditions of this Agreement, then each change in the Prime Rate shall simultaneously change the Variable Rate payable under this Agreement. Changes in the rate of interest resulting from the changes in the Prime Rate shall take place immediately without prior notice or demand of any kind. Interest at the LIBOR Rate shall be computed from and including the first day of the applicable Interest Period to, but excluding, the last day thereof.
