Rate of Interest; Accrual Sample Clauses

Rate of Interest; Accrual. The Notes shall bear interest on their principal amount from, and including, August 3, 2018 at the rate of 3.65% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
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Rate of Interest; Accrual. The Debentures shall bear interest on their principal amount: (i) from, and including, August 8, 2013, to, but excluding, August 15, 2023 or any earlier Redemption Date, at the rate of 5.750% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months, and (ii) from, and including, August 15, 2023 to, but excluding, the Maturity Date or any earlier Redemption Date at an annual rate equal to Three-Month LIBOR plus 2.938%, computed on the basis of a 360-day year and the actual number of days elapsed. Defaulted Interest and interest deferred pursuant to Section 2.06 will bear interest, to the extent permitted by law, at the interest rate in effect from time to time provided in this Section 2.05(a), from, and including, the relevant Interest Payment Date, compounded on each subsequent Interest Payment Date.
Rate of Interest; Accrual. The Junior Subordinated Notes shall bear interest on their principal amount: (i) from, and including, May 7, 2015 to, but excluding, May 15, 2020 or any earlier Redemption Date, at a rate of 4.700% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months; and (ii) from, and including, May 15, 2020 to, but excluding, the Maturity Date or any earlier Redemption Date, at a rate per annum equal to Three-month LIBOR, plus 3.044%, computed on the basis of a 360-day year and the actual number of days elapsed. Defaulted Interest and deferred interest pursuant to Section 1.3(d) shall bear Additional Interest, at the then-applicable annual interest rate provided in this Section 1.3(b), compounded on each Interest Payment Date, subject to applicable law.
Rate of Interest; Accrual. The Notes shall bear interest on their principal amount: (i) from, and including, September 16, 2014, to, but excluding, September 15, 2024 or any earlier Redemption Date, at the rate of 6.000% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months, and (ii) from, and including, September 15, 2024 to, but excluding, the Maturity Date or any earlier Redemption Date, at an annual rate equal to Three-month LIBOR plus 3.315% (each such rate, a “Floating Rate Period Interest Rate”), computed on the basis of a 360-day year and the actual number of days elapsed. The Company will make the Floating Rate Period Interest Rate available to any Holder upon request.
Rate of Interest; Accrual. The Notes shall bear interest on their principal amount: (i) from, and including, May 8, 2017 to, but excluding, May 8, 2027, at the rate of 3.375% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months, and (ii) unless the Notes are redeemed on the Redemption Date as provided herein, from, and including, May 8, 2027 to, but excluding, May 8, 2032 at an annual rate equal to Three-Month LIBOR plus 1.131%, computed on the basis of a 360-day year and the actual number of days elapsed. The rate of interest payable during each Floating-Rate Interest Period is subject to the maximum interest rate permitted by the law of the State of New York or other applicable state law, as such law may be modified by United States law of general application. Additionally, the rate of interest payable during any Floating-Rate Interest Period shall in no event be lower than zero.

Related to Rate of Interest; Accrual

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

  • Rate of Interest The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined in the manner specified in the applicable Final Terms.

  • Rate of Accrual ‌ Full-time employees who have been in pay status for eighty (80) non-overtime hours in a calendar month shall be credited monthly with the following annual leave accrual.

  • Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Notification of Rate of Interest and Interest Amounts The Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Inflation Linked Interest Notes are for the time being listed (by no later than the first day of each Interest Period) and notice thereof to be published in accordance with Condition 13 (Notices) as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes or Inflation Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 13 (Notices). For the purposes of this paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.

  • Normal rate of interest Subject to the provisions of this Agreement, the rate of interest on the Loan in respect of an Interest Period shall be the aggregate of the Margin and LIBOR for that Interest Period.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Alternate Rate of Interest; Illegality (a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

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