Examples of Applicable Interest Rate(s) in a sentence
In the event that any payment of any principal, interest, fees or any other amounts payable by Borrower under or pursuant to any Loan Document shall become due on any day which is not a Business Day, such due date shall be extended to the next succeeding Business Day, and, to the extent applicable, interest shall continue to accrue and be payable at the Applicable Interest Rate(s) for and during any such extension.
The Applicable Interest Rates on the One Account, Private Access Account or 32 Day Notice Account are variable interest rates and may change at any time.
Promptly following each LIBOR Determination Date, the Trustee shall provide the Issuer Administrator with written notice of LIBOR and the Applicable Interest Rates so determined.
Applicable Interest Rates including reset dates used for computation may be furnished separately.
Lender’s internal records of Applicable Interest Rates shall be determinative in the absence of manifest error.
For this purpose, the Applicable Interest Rate(s) are to be determined without regard to any transition adjustments under Section 417(e)(3)(D), and using the rates published for November prior to the calendar year in which the Payment Date occurs.
From and after the occurrence of any Event of Default hereunder, and so long as any such Event of Default remains unremedied or uncured thereafter, the Indebtedness outstanding under this Note shall bear interest at a per annum rate of three percent (3%) above the otherwise Applicable Interest Rate(s), which interest shall be payable upon demand.
The Administrative Agent shall record in an account or accounts maintained by the Administrative Agent on its books (i) the Applicable Interest Rates for the Loans; (ii) the date and amount of each principal and interest payment on each Loan; and (iii) such other information as the Administrative Agent may determine is necessary for the computation of interest payable by the Borrower hereunder consistent with the basis hereof.
From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise Applicable Interest Rate(s), which interest shall be payable upon demand.
The labeling must make clear that the devices cannot be used in the United States.