Payment of the Interest Sample Clauses

Payment of the Interest. 5.2.1 The Interest will accrue on a daily basis and will be calculated on the basis of a 360-day year.
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Payment of the Interest. The unpaid balance of the debenture principal will bear interest at a rate of 5.30% per annum (“the interest”). The interest will be linked to the Consumer Price Index, in accordance with the linkage conditions, as provided in clause 5 below. Interest will be paid on January 5 of each of the years 2007 to 2017 (inclusive), for the twelve-month period ended on the last day before every such date (“the interest period”), except for the first interest period, in respect of which interest (calculated on the basis of 365 days) will be paid pro rata for the period beginning on the issue date and ending on January 4, 2007. It is hereby clarified that the first interest payment will be made on January 5, 2007. Accordingly, the first interest will be at a rate of 5.503%. The last interest payment will be made on January 5, 2017, together with the last payment of the unpaid principal of the debentures in circulation and against the return of the debenture certificate to the Company. If the interest payment date falls on a non-business day, the payment date will be deferred to the first business day thereafter, and no interest will be paid in respect of such deferral. The Company will deduct from the interest payment any amount it is required to deduct at source, if at all, in accordance with any law. Subject as provided in clause 7 below, if the Company delays more than five business days after the appointed day for paying any amount on account of the principal and/or interest as aforesaid (“the amount in arrears”), such amount will bear, in respect of the entire period of arrears from the day appointed for payment, arrears interest at the interest rate on Debentures (Series B) specified at the head of this clause plus 2%, all on an annual basis (“the arrears interest”). To remove doubt, it is hereby clarified that during the arrears period, arrears interest will be paid alone (and not in addition to the interest as defined above). In such case, the Company will notify the holders and will submit to the Stock Exchange without delay a report indicating the exact interest rate including the arrears interest.
Sample 1
Payment of the Interest. On the dates of payment of the principal, as provided in Section 5.5 above.
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Payment of the Interest. The interest shall be paid for the first time at the end of the First Period, and thereafter on the dates fixed for payment of the principal. In any event of a Conversion, the interest accrued until such time shall be made into a loan under the same terms and conditions as the loan prior to the Conversion thereof, and shall be repaid (principal and interest) by June 2004, on the same day of the month on which the Conversion shall have been made.
Sample 1
Payment of the Interest. 12.1 In the event of the Borrower delays the repayment of the Loan and (or) the interest rate, notices shall be sent to him. The notices shall be sent within 5 days of the delay. The notices shall be sent to the Borrower by e-mail and (or) by phone messages.
Sample 1
Payment of the Interest. The Interest accrued on the Principal Amount during the period up to (and including) September 30 of each calendar year shall be due and payable on September 30 of such calendar year, and for the first time on September 30, 2001, and for the last time at the earlier of (i) the Maturity Date, (ii) the Delivery Date in the event of Conversion (as defined below), and (iii) the Early Repayment Date in the event of Early Repayment (as defined below).
Sample 1
Payment of the Interest. The Borrower shall pay the Entrusted Lenders the interest of the Entrusted Loan in accordance with the loan contribution proportion under the provisions of Article 1 hereto.
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Payment of the Interest. It is agreed that the hereinabove amount of the loan does only constitute the amount in capital owed to the said originally creditor in virtue of these presents, the Debtor engaging himself to pay himself to the said originally Creditor the necessary amounts to reimburse the accrued interests since the last instalment of capital, which said amounts of interest are not included in the hereinabove mentioned amount.
Sample 1
Payment of the Interest. Interest on the Notes will be payable in arrears on the applicable Interest Payment Date. The first payment of Interest will be on the first Interest Payment Date following the Issue Date. The last payment will be on the Maturity Date.
Sample 1

Related to Payment of the Interest

  • Payment of accrued interest In the case of an Interest Period longer than 3 months, accrued interest shall be paid every 3 months during that Interest Period and on the last day of that Interest Period.

  • Payment of Additional Interest (a) Under certain circumstances the Company will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes.

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

  • Accrued Interest Each prepayment under this Section 2.04(b) shall be accompanied by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment.

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

  • Payment of normal interest Subject to the provisions of this Agreement, interest on the Loan in respect of each Interest Period shall be paid by the Borrower on the last day of that Interest Period.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

  • Calculations Respecting Accrued Interest Accrued interest, if any, on any LIBOR Certificate shall be calculated based upon a 360-day year and the actual number of days in each Accrual Period.

  • Distributions of Principal On each Payment Date, the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class:

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