Interest on the Loan definition

Interest on the Loan or “Interest on the Borrower Bond” means the sum of (i) the Interest Portion, (ii) the Administrative Fee, and (iii) any late charges incurred hereunder.
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Interest on the Loan means the sum of (i) the Interest Portion, (ii) any Administrative Expenses and (iii) any other payments by the Local Unit, except for Authority Bond Loan Repayments and the payments set forth in clauses (ii) and (iii) above required hereunder.
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Interest on the Loan. Interest on the Loan, at the rate specified in the Note, shall be computed on the unpaid principal balance which exists from time to time and shall be computed with respect to each Advance only from the date of such Advance.
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Examples of Interest on the Loan in a sentence

  • Interest on the Loan shall be calculated on the basis of the actual number of days elapsed during the applicable Interest Period divided by (i) 360, to the extent the LIBOR-Based Rate is applicable, or (ii) 365 or 366, as the case may be, to the extent the Lender Rate is applicable.

  • Interest on the Loan and other Obligations shall be calculated by multiplying (A) the actual number of days elapsed in the period for which the calculation is being made by (B) a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate expressed as an annual rate divided by 360) by (C) the Outstanding Principal Balance or the amount of such other Obligations, as applicable.

  • Interest on the Loan shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Interest on the Loan and all other Obligations owing to Lender shall be computed on the basis of a 360-day year, and shall be charged for the actual number of days elapsed during any month or other accrual period.

  • Interest on the Loan during the Extended Term is calculated daily (including February 29 in a leap year), compounded and payable monthly not in advance at the applicable interest rate set out above.

  • The Company will pay on each date that the Lender pays Special Interest to the Holders of the Secured Notes as Special Interest on the Loan an amount equal to the percentage of Special Interest, if any, which the Lender owes to the Holders of the Secured Notes that the principal amount of the Loan bears to the total aggregate principal amount of the Loan and all Other Loans then outstanding.

  • Interest on the Loan and each part thereof shall be calculated and paid in the Contractual Currency.

  • Loan Amount £<AMOUNT OF CREDIT> Interest on the Loan: £<TOTAL CHARGE FOR CREDIT>, or <LOAN INTEREST> of the Loan Amount.

  • Interest on the Loan shall be computed on the basis of 365 days and actual days elapsed from and including the day of this agreement but excluding the day of repayment of principal.

  • The Interest on the Loan shall be charged at the Rate of Interest set out in the Facility Documents and the frequency of the Interest payment shall be as more particularly set out in the Facility Documents.