Determination of Rates of Interest and Calculation of Interest Amounts Sample Clauses

Determination of Rates of Interest and Calculation of Interest Amounts. (i) The Agent Bank shall, as soon as practicable after the Quotation Time on each Interest Determination Date, determine and notify the Current Issuer, the Current Issuer Cash Manager, the Note Trustee and the Paying Agents of (i) the Rates of Interest applicable to each Class of Notes for the relevant Interest Period, (ii) the Interest Amount payable in respect of each class of Notes for the relevant Interest Period and (iii) the Note Interest Amount payable in respect of each Note for the relevant Interest Period.
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Determination of Rates of Interest and Calculation of Interest Amounts. (i) The Agent Bank shall, as soon as practicable after 11.00 a.m. (London time) on, as applicable, each Dollar Interest Determination Date, Euro Interest Determination Date and Sterling Interest Determination Date, determine and notify the First Issuer, the First Issuer Cash Manager, the Note Trustee, the Registrar and the Paying Agents of (i) the Rates of Interest applicable to each class of First Issuer Notes for the relevant Interest Period and (ii) the Dollar amount (in the case of a Series 1 First Issuer Note, a Series 2 First Issuer Note and a Series 3 First Issuer Note), the Euro amount (in the case of a Series 4 Class A1 First Issuer Note) and the Sterling amount (in the case of a Series 4 Class A2 First Issuer Note, a Series 4 Class B First Issuer Note and a Series 4 Class C First Issuer Note) (in each case, the “Interest Amount”) payable in respect of each Interest Period in respect of the Principal Amount Outstanding of each such First Issuer Note.
Determination of Rates of Interest and Calculation of Interest Amounts. (i) The Agent Bank shall, as soon as practicable after 11.00 a.m. (London time) on, as applicable, each Dollar Interest Determination Date, Euro Interest Determination Date and Sterling Interest Determination Date, determine and notify the Eighth Issuer, the Eighth Issuer Cash Manager, the Note Trustee, the Registrar and the Paying Agents (as applicable) of (i) the Rates of Interest applicable to the Series 1 Eighth Issuer Notes, the Series 2 Eighth Issuer Notes, the Series 3 Eighth Issuer Notes and the Series 4 Eighth Issuer Notes for the relevant Interest Period and (ii) the Dollar amount (in the case of a Series 1 Eighth Issuer Note, a Series 2 Eighth Issuer Note and a Series 4 Class A1 Eighth Issuer Note), the Euro amount (in the case of a Series 3 Eighth Issuer Note, a Series 4 Class B Eighth Issuer Note and a Series 4 Class C Eighth Issuer Note) and the Sterling amount (in the case of a Series 4 Class A2 Eighth Issuer Note) (in each case, the INTEREST AMOUNT) payable in respect of each Interest Period in respect of the Principal Amount Outstanding of each such Series 1 Eighth Issuer Note, Series 2 Eighth Issuer Note, Series 3 Eighth Issuer Note and Series 4 Eighth Issuer Note.

Related to Determination of Rates of Interest and Calculation of Interest Amounts

  • Calculation of Interest and Fees All calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year of 360 days for actual days elapsed, except that during any period any Loan bears interest based upon the Prime Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

  • Notification of Interest Periods and interest rate The Agent shall notify the Borrowers and the Banks promptly of the duration of each Interest Period and of each rate of interest (or, as the case may be default interest) determined by it under this clause 3.

  • Determination of Interest Rate (a) The Applicable Interest Rate with respect to the Loan shall be: (i) LIBOR plus the Spread with respect to the applicable Interest Period for a LIBOR Loan or (ii) the Prime Rate plus the Prime Rate Spread for a Prime Rate Loan if the Loan is converted to a Prime Rate Loan pursuant to the provisions of Section 2.2.3(c) or Section 2.2.3(f).

  • Calculation of interest The rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

  • Notification of Interest Periods and rates of normal interest The Agent shall notify the Borrower and each Lender of:

  • Determination of Interest Periods Every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that:

  • Computation of Interest, Fees, Yield Protection All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days. Each determination by Agent of any interest, fees or interest rate hereunder shall be final, conclusive and binding for all purposes, absent manifest error. All fees shall be fully earned when due and shall not be subject to rebate, refund or proration. All fees payable under Section 3.2 are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. A certificate as to amounts payable by Borrowers under Section 3.4, 3.6, 3.7, 3.9 or 5.9, submitted to Borrower Agent by Agent or the affected Lender, as applicable, shall be final, conclusive and binding for all purposes, absent manifest error, and Borrowers shall pay such amounts to the appropriate party within 10 days following receipt of the certificate.

  • Determination of Interest (a) The Administrative Agent shall determine the Interest (including unpaid Interest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Accrual Period and shall advise the Collateral Agent, the Collateral Manager and the Borrower thereof on the third Business Day prior to such Payment Date.

  • Computation of Interest and Fees All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

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