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Rates of Interest
Sample Clauses
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Rates of Interest
. Borrowers
jointly and severally
agree to
pay interest
in respect of
all unpaid
principal amounts
of the
Revolver Loans
from the respective dates such principal amounts are advanced until paid (whether at
stated maturity
, on acceleration or otherwise) at a rate
per annum
equal to
the
applicable rate
indicated below:
Sample 1
Sample 2
Sample 3
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Rates of Interest
. Interest shall accrue on
the principal amount
of the
Base Rate Portions
outstanding
at the end of
each day at a fluctuating rate
per annum
equal to
the
Applicable Margin
then
in effect
plus the Base Rate. Said
rate of interest
shall
increase or decrease
by an amount equal to any increase or decrease in the Base Rate,
effective as of the
opening of business on
the day
that any such
change in
the Base Rate occurs. If a Borrower exercises its
LIBOR Option
as provided in
Section 3.1
, interest shall accrue on the principal amount of the
LIBOR Portions
outstanding at the end of each day at a rate per annum equal to the Applicable Margin then in effect plus the LIBOR
applicable to
each LIBOR
Portion for the
corresponding Interest Period
.
Sample 1
Sample 2
Sample 3
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Rates of Interest
. Interest shall accrue on
the principal amount
of
the Base Rate
Revolving Portions and the Base Rate Term Portions outstanding
at the end of
each day at a fluctuating rate
per annum
equal to
the
Applicable Margin
then
in effect
plus the Base Rate. Said
rate of interest
shall
increase or decrease
by an amount equal to any increase or decrease in the Base Rate,
effective as of the
opening of business on
the day
that any such
change in
the Base Rate occurs. If a Borrower exercises its
LIBOR Option
as provided in
Section 3.1
, interest shall accrue on the principal amount of the LIBOR Revolving Portions and the LIBOR Term Portions outstanding at the end of each day at a rate per annum equal to the Applicable Margin then in effect plus the LIBOR
applicable to
each
LIBOR Portion
for the
corresponding Interest Period
.
Sample 1
Sample 2
See All (12)
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Rates of Interest
. (a)
Each Borrower
agrees to
pay interest
in respect of
the
unpaid principal amount
of each
Base Rate Loan
made to it from the date the proceeds thereof are made
available to
it until prepayment
pursuant to Section 3
or maturity (whether by acceleration or otherwise) at a rate
per annum
which shall be
the Base Rate
in effect
from time to time
.
Sample 1
Sample 2
Sample 3
See All (10)
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Rates of Interest
. Unless
an Event of Default is
continuing, the Term
Loan shall
bear
interest on the
outstanding principal amount
thereof at a rate
per annum
equal to
(i) 5.77% during the first two (2)
Interest Periods
, and (ii) 5.87% during each Interest Period thereafter. If any part of the Term Loan or any other amount
due and payable
hereunder is not paid when due (whether
at maturity
, by reason of
notice of prepayment
or acceleration or otherwise), such
unpaid amount
shall bear,
to the maximum extent permitted by Applicable Law
,
interest for
each day during the
period from
the date such amount became so due until it shall be
paid in full
(whether before or after judgment) at a rate per annum equal to
the applicable
Post-
Default Rate
. Interest shall be computed on the
basis of
a year
of three hundred sixty (360) days and paid for the actual
number of days
elapsed. Interest for any period shall be calculated from and including the first (1st) day thereof to
but excluding
the
last day
thereof. Nothing contained in this
Agreement or
in
the Term Loan Note
shall require
the Borrower
at any time
to
pay interest
at a rate exceeding the
Maximum Permissible Rate
.
Sample 1
See All (10)
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Rates of Interest
. Subject to
the provisions of Section
2.2E,
Section 4
and
Section 14
hereof, each Revolving Credit
Loan shall
bear
interest on the
unpaid principal amount
thereof from the date made through maturity (whether by acceleration or otherwise) at (i)
the Prime
Rate plus the
Applicable Prime Rate Margin
or (ii) LIBOR plus the
Applicable LIBOR Margin
, as
the case
may be. The applicable
interest rate mode
with respect to
Revolving Credit
Loans shall
be selected
by the Borrower
initially
at the time
a
Request For Revolving Credit Loan
is delivered to
the Agent Bank
pursuant to Section
2.1C hereof.
The interest rate
with respect to any Revolving Credit Loan may be changed by the Borrower
from time to time
pursuant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered to the Agent Bank or
the Banks
in accordance with
the
terms of
this Loan Agreement
specifying the applicable interest rate, then, that Revolving Credit Loan shall bear interest as follows:
Sample 1
Sample 2
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Rates of Interest
.
The Parties agree that
the rates
of interest
in this Agreement
on
late payments
or repayments of overpayments represent a substantial commercial remedy for the purposes of
the Late
Payment of
Commercial Debts (Interest)
Xxx 0000
.
Sample 1
Sample 2
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Rates of Interest
. The unpaid
principal of
the
Base Rate Balance
shall bear interest at a rate
per annum
which shall from day to day be
equal to
the
lesser of
(a) the
Adjusted Base Rate
in effect
from day to day, or (b) the
Maximum Rate
. The unpaid principal of each
LIBOR Balance
shall bear interest at a rate per annum which shall from day to day be equal
to the lessor
of (i) the
Adjusted LIBOR Rate
for the
Interest Period
in effect
with respect to
such LIBOR Balance, or (ii) the Maximum Rate. Each
change in
the interest rate
applicable to
a Base Rate Balance shall
become effective
without prior
notice to Borrower
automatically as of the opening of business on the
date of
such change in the Adjusted Base Rate.
Interest on
this Note
shall be calculated on the
basis of
the
actual days
elapsed in
a year
consisting of 365/366 days.
Sample 1
Sample 2
See All (6)
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Rates of Interest
. (a) Interest shall accrue on
the principal amount
of the Domestic Base Rate
Loans outstanding
at the end of
each day at a fluctuating rate
per annum
equal to
the
Applicable Margin
then
in effect
plus the Domestic Base Rate. Such
rate of interest
shall
increase or decrease
by an amount equal to any increase or decrease in the Domestic Base Rate,
effective as of the
opening of business on
the day
that any such
change in
the Domestic Base Rate occurs.
Sample 1
Sample 2
See All (5)
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Rates of Interest
. The
principal balance
of the
Debt Obligation
will bear interest, compounded annually at the
rate of
4.0%
per annum
.
Sample 1
Sample 2
Sample 3
See All (4)
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