Term and Interest Rate Sample Clauses

Term and Interest Rate. The Principal shall be due and payable to the holder hereof twelve (12) months from the date of the receipt of each individual payment by the Lender to the Borrower with respect to each individual payment amount described in Paragraph 1 above. For example: Borrower shall owe Lender $100,000, plus the respective accrued interest on that amount, on March 2, 2008. This payment of principal and interest by Borrower to Lender will constitute the first repayment due pursuant to this Agreement. The holder hereof may at its election extend the term of this Note for successive twelve (12) month periods upon written notice thereof to the Borrower, or may aggregate all of the separate payment and interest amounts into one renewal with one expiration date, but only upon the written request of the Lender. Interest on this Note shall accrue from the date of payment of each individual payment amount within the total of the Principal paid to the Borrower at the rate of ten percent (10%) per annum, calculated and compounded monthly, until paid. Interest shall be due and payable to the Lender at the end of the term of this Note. However, in the event of default, interest shall accrue at the rate of fourteen percent (14%) per annum, calculated and compounded monthly, from the date of default.
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Term and Interest Rate. The Term Loan shall be evidenced by the Note described in Exhibit “D” attached hereto. The Term Note shall be amortized over twenty-five (25) years. The rate of interest as set forth in the Term Note cannot be changed more often than quarterly, and must rise and fall with the selected prime rate, all as more particularly set forth in Exhibit “D”. The Lender shall amortize the principal over the term of the Term Loan as set forth in Exhibit “D”, and make an adjustment of payment installments only by the amount of rise or fall resulting from the interest rate change. The interest rate on the loan evidenced by the Term Note will be the Prime Rate plus 1.00% per annum, adjustable quarterly with a 5.75% floor. The Prime Rate will be the prime rate, as quoted or published from time to time in the Money Rates section of The Wall Street Journal or the nearest comparable rate if no such prime rate is quoted, as determined by the holder of the Note. Interest shall be calculated on the actual basis of a year of 360 days. Moreover, the Borrower shall be responsible for the annual renewal fee on the USDA guaranteed portion of the Term Note of ¼ of 1%. The amount of the annual renewal fee will be determined by multiplying the fee rate of ¼ of 1% by the outstanding principal guaranteed by the USDA as of December 31st of each year. The annual renewal fee will be due to the Lender as of December 31st of each year; provided, however, that the first annual renewal fee for this Loan shall be due December 31, 2012.
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Term and Interest Rate. The Term Loan shall be evidenced by the Term Note. The Term Note shall be fully amortized over a seven (7) year term. The rate of interest as set forth in the Term Note cannot be changed more often than quarterly, and must rise and fall with the selected prime rate, all as more particularly set forth in Exhibit “E”. Lender shall make an adjustment of payment installments only by the amount of rise or fall resulting from the interest rate change. The interest rate of the Term Loan evidenced by the Term Note will be the Prime Rate plus one percent (1.00%) per annum, adjustable quarterly on January 1, April 1, July 1, and October 1 each year, for the term of the Term Loan. The Prime Rate will be the New York Prime Rate, as quoted in the Wall Street Journal. Interest shall be calculated on the basis of 360 days per year for the actual number of days elapsed. Interest for the month of the Closing Date shall be prepaid and collected on the Closing Date.
Sample 1
Term and Interest Rate. The Term Loan shall be evidenced by the Note described in Exhibit "D" attached hereto. The Term Note shall be amortized over twenty-five (25) years. The rate of interest as set forth in the Term Note cannot be changed more often thar1 quarterly, and must dse and fall with the selected prime rate, all as more particularly set forth in Exhibit "D". The Lender shall amortize the principal over tht, term of the Term Loan as set forth in Exhibit "D", and make an adjustment of payment installments only by tl1e amount of rise or fall resulting from the interest rate change. The interest rate on the loan evidenced by the Term Note will be the Prime Rate plus 1.75% per mmnm, adjnstable quarterly with a 5.75% floor. The Prime Rate will be the prime rate, as quoted or published. from time to time in the Money Rates section of The Wall Street Joumal or the nearest comparable rate if no such prime rate is quoted, as detennined by the holder of the Note. Interest shall be calculated on the actual basis of a year of 360 days. Moreover, the Borrower shall be responsible for the mmual renewal fee on the USDA gumanleed portion of the Term Note of¼ of 1%. The amotmt of the annual renewal fee will be determined by mnltiplying the foe rate of¼ of 1% by the outstanding principal guaranteed by the USDA as of December 31st of each year. The annual renewal fee will be due to the Lender as of December 31st of each year.
Sample 1
Term and Interest Rate. The Term Loan shall be evidenced by the Note described in Exhibit "D" attached hereto. The Term Note shall be amortized over a ten (10) year term. The rate of interest as set forth in the Term Note cannot be changed more often than quarterly, and must rise and fall with the selected prime rate, all as more particularly set forth in Exhibit "D". The Lender shall amortize the principal over the term of the Term Loan as set forth in Exhibit "D", and make an adjustment of payment installments only by the amount of rise or fall resulting from the interest rate change. The interest rate on the loan evidenced by the Term Note will be the Prime Rate plus one (1.00%) per annum, adjustable calendar quarterly. The Prime Rate will be the lowest New York prime, as quoted in the Wall Street Journal. Interest shall be calculated on the actual basis of a year of 360 days.
Sample 1
Term and Interest Rate. The City may select, following consultation with the Developer, the Bond Counsel, underwriters, financial advisors and consultants as the City deems necessary for the issuance of the TIF Bonds. The final maturity of the TIF Bonds shall not exceed the maximum term permissible under Missouri law (provided, however, that if the XXX issues TIF Bonds, the final maturity of such TIF Bonds may be later than what would be permitted if the City issued the TIF Bonds, but the City’s obligation to pay TIF Revenues to the XXX to secure the TIF Bonds will not extend beyond the maximum term permitted by the TIF Act). The TIF Bonds shall bear interest at such rates, shall be subject to redemption and shall have such terms as the City, following consultation with the Developer, underwriters, financial advisors and consultants, shall reasonably determine in conformance with the terms of this Agreement.
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Term and Interest Rate. The maturity term for the IRA Flexible Popular is: 12 months. The interest rate is guaranteed for the term of each deposit.
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Term and Interest Rate. The maturity of a Stock Market is the last day of the fifty-ninth (59th) month following the month after the deposit is made. Interest will be computed at a rate based on changes in the Standard & Poor’s® Composite Stock Price Index (the “S&P 500® Index”) over the term and will be computed and credited only at maturity. The Interest Rate and the Annual Percentage Yield (APY) of the Stock Market Time Deposit cannot be determined until maturity.
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Related to Term and Interest Rate

  • Interest and Interest Rate (a) The Designated Securities will bear interest from March 1, 2019 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 5.520%.

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • 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.

  • Fixed Interest Rate Annual interest rate shall be /% and will not change during the duration.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Normal interest rate The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR for such 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.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Conversion to Fixed Interest Rate The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

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