Examples of Domestic Rate Portions in a sentence
Any change in the interest rate on the Domestic Rate Portions resulting from a change in the Domestic Rate shall be effective on the date of the relevant change in the Domestic Rate.
LIBOR Portions may be denominated in U.S. Dollars or an Alternative Currency, but Domestic Rate Portions must be denominated in U.S. Dollars only.
Each such notice shall specify the date of the Portion requested (which shall be a Business Day in the case of Domestic Rate Portions and a Banking Day in the case of a Eurodollar Portion), the amount of such Portion or the amount to be converted, as the case may be, whether the Portion is to be made available by means of a Domestic Rate Portion or Eurodollar Portion and, with respect to Eurodollar Portions, the Interest Period applicable thereto.
Upon the giving of such notice, the Borrower may, on the last day of the then applicable Interest Period, elect to either (i) pay the Affected Portions or (ii) convert such Portions into the Domestic Rate Portions or an available Portion selected by the Borrower of a type not affected by the foregoing, subject to the terms and conditions of this Agreement.
Interest on the Domestic Rate Portions shall be payable quarter-annually on the last day of each June, September, December and March in each year (commencing June 30, 1996) and at maturity of the Notes, and interest after maturity (whether by lapse of time acceleration or otherwise) shall be due and payable upon demand.
All interest on the Fixed Rate Portions of the Notes shall be computed on the basis of a year of 360 days for the actual number of days elapsed and all interest on the Domestic Rate Portions of the Notes shall be computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed.
Interest on the Domestic Rate Portions shall be payable monthly on the first day of each calendar month in each year and at maturity of the Notes and interest after maturity shall be due and payable upon demand.
Subject to the terms and conditions of this Section 2, portions of the principal indebtedness evidenced by the Notes (all of the indebtedness evidenced by Notes of the same type bearing interest at the same rate for the same period of time being hereinafter referred to as a "Portion") may, at the option of the Company, bear interest with reference to the Domestic Rate ("Domestic Rate Portions") or with reference to the Adjusted LIBOR ("LIBOR Portions").
All interest on the Domestic Rate Portions or the indebtedness evidenced by the Notes shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed and all other interest on the Notes and all fees, charges and commissions due hereunder shall be computed on the basis of a year of 360 days for the actual number of days elapsed.
All interest on the Notes, and all fees, charges and commissions due hereunder, shall be computed on the basis of a year of 360 days for the actual number of days elapsed, except that interest on the Domestic Rate Portions of the Notes and on Reimbursement Obligations with respect to Letters of Credit shall be computed on the basis of a year of 365 or 366 days (as the case may be) for the actual number of days elapsed.