The Interest. The interest will be calculated as a daily interest on the balance of the unpaid principal according to the bank's calculation, as set forth in the commitment, starting from the day that the credit was made available, at the following rates: Interest at the rate of ___% per annum The interest constitutes adjusted interest at the rate of ___% per annum
The Interest. The unpaid principal balance of the Series B Bonds shall bear varying annual interest on the basis of the rate of the Libor interest plus 2.65% (hereinafter: the "INTEREST RATE"). The interest shall be linked to the Representative Rate of the Dollar, in accordance with the linkage terms as set out in section 5 below. The Company shall give notice on the first day of each Interest Period, as defined below, (namely, on August 21 and on February 21 of each of the years 2006 to 2014) of the interest rate for the Interest Period commencing on such date. The interest shall be paid on the 20th of August and on the 20th of February, for the six months ending on the date of each said payment (hereinafter: the "Interest Period"), commencing from August 20, 2006 to February 20, 2014, on the unpaid balance from time to time of the amount of the Principal in that Interest Period. Subject to the other terms of the Bonds, the Company shall pay said interest to whomsoever shall be the registered holders of the Bonds in the Register, at the end of the 8th of August and at the end of the 8th of February of each year preceding the date of remittance of said payment, respectively. The first payment of the interest shall be made on August 20, 2006 for the period commencing from February 23, 2006 and ending on August 20, 2006, when the Interest Rate in respect of this period shall be 3.722% (namely, 7.59% in annual terms). The last payment of the interest shall be made on February 20, 2014, together with the last payment on account of the Principal, against the return of the Bond Certificates to the Company.
The Interest. Seller is the sole member of the Company, and holds the Interest free of all Encumbrances or restrictions on transfer other than (a) those arising under the Organizational Documents of the Company, (b) those arising under this Agreement, (c) those securing Taxes not yet due and payable, (d) those arising under any applicable securities Laws of any jurisdiction and (e) those arising under the documents entered into in connection with the Permitted Financing. Seller is the only Person with an interest in the profits, losses, distributions and capital of, or other economic interest in, the Company. The Interest is validly issued and fully paid. Seller has good and valid title to the Interest, free and clear of all Encumbrances other than as provided in the first sentence of Section 4.3.
The Interest. Any interest or other voting securities, or the voting rights relating thereto, of Vertex Nevada that may be owned, held or subsequently acquired in any manner, legally or beneficially, directly or indirectly, of record or otherwise, by Shareholder, other than the Interest, at any time during the term of this Agreement as a result of the ownership of the Interest whether issued incident to any split, dividend, conversion of the Interest into shares of common stock of Vertex Nevada, increase in capitalization, recapitalization, merger, consolidation, reorganization, or other transaction, shall be included within the term "Interest" as used herein and shall be subject to the terms of this Agreement.
The Interest. The Interest in LP represents all of the outstanding limited partnership interests in LP and is free and clear of any liens, claims, encumbrances, options, security interests or other limitations or restrictions. Xxxxxxxx Investment Chicago Limited Partnership has no interest in LP.
The Interest. With respect to each Acquired Companies Annex, Seller is the sole member of each Company described in such Acquired Companies Annex, and holds such Interest free of all Encumbrances or restrictions on transfer other than (a) those arising under the Organizational Documents of the Company, (b) those arising under this Agreement, (c) those securing Taxes not yet due and payable, (d) those arising under any applicable securities Laws of any jurisdiction and (e) those described in Schedule 4.3 to the applicable Acquired Companies Annex for such Company. Seller is the only Person with an interest in the profits, losses, distributions and capital of, or other economic interest in, each Company. Each such Interest is validly issued and fully paid. Seller has good and valid title to each such Interest, free and clear of all Encumbrances other than as provided in the first sentence of Section 4.3.
The Interest. Seller has good and valid title to the Interest, free and clear of any Liens. Assuming Buyer (or its designee) has the requisite power and authority to be the lawful owner of the Interest, at the Closing, Seller shall transfer, and Buyer (or its designee) shall acquire, good and valid title to the Interest, free and clear of any Liens, other than Liens created by Buyer or any of its Affiliates. Other than this Agreement, the Interest is not subject to any voting trust agreement or other contract, agreement or commitment, including any such contract, agreement or commitment restricting or otherwise relating to the voting, dividend rights or disposition of the Interest.
The Interest. 8.3.1. The Interest shall be the Base Interest rate, as defined below (the "Base Interest") plus 1.5% annually, but shall not exceed an annual rate of 6.95% (including in the event there is additional interest, in accordance with the provisions of Section 8.13 of this Agreement) and shall not be less than an annual rate of 6.25
The Interest. 11.2.1 is payable at the rate from time to time set as the official cash rate, calculated on a daily basis but not compounding; and
The Interest. The Interest is the sole membership interest in the Company and is owned beneficially and in the name of Seller, free and clear of all mortgages, pledges, security interests, liens or encumbrances of any kind and is not subject to any agreements or understandings among any persons with respect to the voting or transfer thereof. There are no outstanding subscriptions, options, convertible securities, warrants, calls or other securities granting rights to purchase or otherwise acquire interests in the Company or any commitments or agreements of any character obligating Seller regarding the foregoing.
