Interest on debt Sample Clauses

Interest on debt or amortization payments on any mortgage or mortgages and under any ground or underlying leases or lease;
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Interest on debt claims or loans of any nature – not represented by bearer instruments – paid to banking enterprises;
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Interest on debt. That simple interest shall accrue on the Debt at a rate of 6.50% per annum (“Interest”) from the Effective Date until the Debt is paid in full (“Final Payment)
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Interest on debt. The Corporation shall pay simple interest on the Current Debt, or any portion thereof outstanding, at the rate of six percent (6%) per annum from July 1, 2015 until payment in full.
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Interest on debt. The Customer will pay to RBC, on a monthly basis, interest on the Debt at a rate equal to the Interest Rate in effect in the manner set out in this section. In this respect, RBC will use any credit balance in the Customer’s business current account in payment of the interest and if there are insufficient funds, the Customer must fund the Customer’s business current account to make such payment.
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Interest on debt. Pay any interest in cash in connection with any Debt other than Debt permitted under clauses (a) and (b) of the definition of Permitted Debt; provided, however, that if no Default or Event of Default has occurred and is continuing or would result therefrom, Borrower may request funds from the Restricted Cash Account, up to an amount sufficient to make the scheduled interest payment due and payable under the documents governing any Debt permitted to be incurred pursuant to clause (f) of the definition of Permitted Debt, and Lender will transfer such amount as requested by Borrower if such funds are available in the Restricted Cash Account.
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Related to Interest on debt

  • 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:

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (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 each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • INTEREST ON PAST-DUE OBLIGATIONS Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the maximum rate then allowable by law from the date due. Payment of such interest shall not excuse or cure any default by Lessee under this Lease, provided, however, that interest shall not be payable on late charges incurred by Lessee nor on any amounts upon which late charges are paid by Lessee.

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Past Due Amounts In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

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