Retention of Interest Sample Clauses

Retention of Interest. (a) Each of the Secured Parties acknowledges that the relevant Seller and the Guarantor each have an interest in the Shared Security to the extent of the Related Loan beneficially owned (or owned) by such Seller or the Guarantor, as the case may be.
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Retention of Interest. The directors shall be at liberty to retain the interest payable in respect of any Notes which any person under the last preceding condition is entitled to transfer until such person shall be registered or duly transfer the same.
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Retention of Interest. The Developer, as identified herein, has retained ownership of certain lands within the condominium parcel and to which a condominium identification may or may not have been ascribed. The said Developer intends to erect thereon certain buildings for use as an office, laundry, grocery, or other sympathetic commercial uses, as in its opinion the Developer deems expedient for the operation of the Condominium. It is agreed that such ownership and individual operation is separate and apart from the condominium, and the Developer agreed to pay, at a meter at the property line of the parcels above identified, reasonable charges for its water, electricity, sewage use and other facilities. Without further charge, it has the right of use of the common elements for access over and above the owners in the condominium it also has the responsibility of placing its own insurance, both as to liability, property damage, and all other kinds of insurance that it so desires, however, the said office, grocery, laundry, and other commercial facilities shall not be part of the condominium it remains on the property of the Developer or its assigns.
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Retention of Interest. (a) Each of the Secured Parties acknowledges that the Bank and the Guarantor LP each have an interest in the Shared Security.
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Retention of Interest. Except for a transfer or conveyance of the Facility to the Lessee pursuant to the provisions of the Project Documents, the Agency shall not sell, encumber (other than Permitted Encumbrances), assign or convey its interest in the Facility or any part thereof or interest therein during the term of this Agreement without the prior written consent of the Lessee and the Owner, and any purported disposition without such consent shall be void.
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Related to Retention of Interest

  • Limitation of Interest It is the intention of each Borrower and Lender to conform strictly to applicable usury laws. Accordingly, if the transactions contemplated hereby would be usurious under applicable law, then, in that event, notwithstanding anything to the contrary in any Loan Document, it is agreed as follows: (i) the aggregate of all consideration which constitutes interest under applicable law that is taken, reserved, contracted for, charged or received under any Loan Document or otherwise in connection with the Loan shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited to principal by Lender (or if the Loan shall have been paid in full, refunded to any Borrower); and (ii) in the event that maturity of the Loan is accelerated by reason of an election by Lender resulting from any default hereunder or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest may never include more than the maximum amount of interest allowed by applicable law, and any interest in excess of the maximum amount of interest allowed by applicable law, if any, provided for in the Loan Documents or otherwise shall be cancelled automatically as of the date of such acceleration or prepayment and, if theretofore prepaid, shall be credited to principal (or if the principal portion of the Loan and any other amounts not constituting interest shall have been paid in full, refunded to any Borrower.) In determining whether or not the interest paid or payable under any specific contingency exceeds the maximum amount allowed by applicable law, Lender shall, to the maximum extent permitted under applicable law (a) exclude voluntary prepayments and the effects thereof, and (b) amortize, prorate, allocate and spread, in equal parts, the total amount of interest throughout the entire contemplated term of the Loan so that the interest rate is uniform throughout the entire term of the Loan; provided, that if the Loan is paid and performed in full prior to the end of the full contemplated term hereof, and if the interest received for the actual period of existence thereof exceeds the maximum amount allowed by applicable law, Lender shall refund to any Borrower the amount of such excess, and in such event, Lender shall not be subject to any penalties provided by any laws for contracting for, charging or receiving interest in excess of the maximum amount allowed by applicable law.

  • Determination of Interest (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

  • Calculation of interest The rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

  • Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Capitalization of Interest The Mortgage Note does not by its terms provide for the capitalization or forbearance of interest.

  • Termination of Interest in Collateral No Note Holder nor any other Indenture Indemnitee shall, as such, have any further interest in, or other right with respect to, the Collateral when and if the Original Amount of, Make-Whole Amount, if any, and interest on and other amounts due under all Equipment Notes held by such Note Holder and all other sums then due and payable to such Note Holder, such Indenture Indemnitee or the Mortgagee hereunder (including, without limitation, under the third paragraph of Section 2.02 hereof) and under the other Operative Agreements by the Owner and all Related Secured Obligations (collectively, the “Secured Obligations”) shall have been paid in full.

  • Computation of Interest and Related Fees All interest and fees under each Financing Document shall be calculated on the basis of a 360-day year for the actual number of days elapsed. The date of funding of a Loan shall be included in the calculation of interest. The date of payment of a Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged.

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

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