Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Voting Rights; Dividends and Interest, etc (a) Unless and until an Event of Default shall have occurred and be continuing:
Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.
Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.
Interest Unpaid Class Accrued Certificate Interest Shortfalls Interest Class Interest Payable Pay-out Rate ----- -------- ------------------- ------- ------------ R $ 0.00 $ 0.00 $ 0.00 %0.000000000 PO $ 0.00 $ 0.00 $ 0.00 %0.000000000 A1 $ 153,408.89 $ 0.00 $ 153,408.89 %5.950000013 A2 $ 228,536.00 $ 0.00 $ 228,536.00 %6.000000000 A3 $ 892,574.07 $ 0.00 $ 892,574.07 %6.249999980 A4 $ 188,303.45 $ 0.00 $ 188,303.45 %5.463749883 A5 $ 104,641.75 $ 0.00 $ 104,641.75 %3.036249996 A6 $ 1,265,469.75 $ 0.00 $ 1,265,469.75 %6.500000012 A7 $ 807,304.70 $ 0.00 $ 807,304.70 %6.500000035 A8 $ 288,597.53 $ 0.00 $ 288,597.53 %6.500000029 A9 $ 5,475.51 $ 0.00 $ 0.00 %6.500004595 A10 $ 102,533.15 $ 0.00 $ 102,533.15 %6.500000317 A11 $ 36,259.17 $ 0.00 $ 36,259.17 %6.500000598 A12 $ 8,706.67 $ 0.00 $ 8,706.67 %8.000003063 A13 $ 97,830.41 $ 0.00 $ 97,830.41 %5.663749756 A14 $ 48,990.77 $ 0.00 $ 48,990.77 %9.217811872 A15 $ 0.00 $ 0.00 $ 0.00 %0.000000000 A16 $ 8,205.08 $ 0.00 $ 0.00 %6.499997726 A17 $ 27,377.53 $ 0.00 $ 0.00 %6.499999821 A18 $ 31,669.04 $ 0.00 $ 31,669.04 %6.749999467 A19 $ 32,841.97 $ 0.00 $ 32,841.97 %7.000000000 A20 $ 0.00 $ 0.00 $ 0.00 %0.000000000 A21 $ 11,860.87 $ 0.00 $ 0.00 %6.499999338 A22 $ 515,883.47 $ 0.00 $ 515,883.47 %6.500000016 S $ 336,620.40 $ 0.00 $ 336,620.40 %0.454839554 RL $ 0.00 $ 0.00 $ 0.00 %0.000000000 M $ 95,282.60 $ 0.00 $ 95,282.60 %6.500000161 B1 $ 38,626.76 $ 0.00 $ 38,626.76 %6.499999201 B2 $ 23,177.14 $ 0.00 $ 23,177.14 %6.499999887 B3 $ 25,751.18 $ 0.00 $ 25,751.18 %6.500000875 B4 $ 10,301.55 $ 0.00 $ 10,301.55 %6.499998651 B5 $ 12,875.59 $ 0.00 $ 12,875.59 %6.499998605
Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:
Ownership Interest, Etc The Servicer shall, at its expense, take all action necessary or reasonably desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim, in favor of the Administrator (on behalf of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the Purchasers) as the Administrator or any Purchaser Agent may reasonably request. In order to evidence the interests of the Administrator (on behalf of the Purchasers) under this Agreement, the Servicer shall, from time to time take such action, or execute and deliver such instruments as may be necessary (including, without limitation, such actions as are reasonably requested by the Administrator) to maintain and perfect, as a first-priority interest, the Administrator’s security interest in the Receivables, Related Security and Collections. The Servicer shall, from time to time and within the time limits established by law, prepare and present to the Administrator for the Administrator’s authorization and approval, all financing statements, amendments, continuations or initial financing statements in lieu of a continuation statement, or other filings necessary to continue, maintain and perfect the Administrator’s security interest as a first-priority interest. The Administrator’s approval of such filings shall authorize the Servicer to file such financing statements under the UCC without the signature of the Seller, any Originator or the Administrator where allowed by Applicable Law. Notwithstanding anything else in the Transaction Documents to the contrary, the Servicer shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements filed in connection with the Transaction Documents, without the prior written consent of the Administrator.
Type; Interest Elections (a) Each Borrowing shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any LIBO Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders based upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing.
Dividend Equivalents Subject to this Paragraph 6, with respect to dividends for which a record date occurs during the Restriction Period, Participant shall be credited with a Dividend Equivalent with respect to each outstanding Restricted Stock Unit, and with respect to any related Dividend Equivalent Unit (defined below) resulting from prior reinvestments of Dividend Equivalents as provided in this Paragraph. All Dividend Equivalents so credited will be deemed to be reinvested in Restricted Stock Units on the date that the applicable dividend or distribution is made to the Company’s shareholders, based on the Target Award Units and any Dividend Equivalent Units resulting from prior reinvestments of Dividend Equivalents, in the number of Units determined by dividing the aggregate value of the Dividend Equivalents by the Fair Market Value of the Stock on such date (rounded to the nearest thousandth of a whole Unit or as otherwise reasonably determined by the Company); provided, however, that if Dividend Equivalents cannot be reinvested in Units due to the operation of Section 3(a) of the Plan, such Dividend Equivalents will be credited to Participant as a cash value based on the Target Award Units and any Dividend Equivalent Units resulting from prior reinvestments of Dividend Equivalents, which cash value shall be held by the Company (without interest) subject to this Agreement. Any Units resulting from the deemed reinvestment of dividends in accordance with this Paragraph 6 are referred to herein as “Dividend Equivalent Units.” Dividend Equivalents shall be subject to the same terms and conditions, and shall vest or be forfeited (as applicable) at the same time, upon the same conditions, and in the same proportion, as the Target Award Units set forth in this Award; provided, however, that if the Award vests after the record date for, but before the payment date of, a dividend, then the Dividend Equivalents related to such dividend and to Units vesting on the vesting date will be paid in cash or in Stock, in the sole discretion of the Company, as soon as practicable following the payment date for such dividend.
Interest Options From the date each Loan is made, based upon the election of Borrower, at such time and from time to time thereafter (as provided in Subsection 1.3 and subject to the conditions set forth in such Subsection and Subsection 1.2(G)), each such Loan shall accrue interest as follows:
