Interest Rates and Payment. (a) Each Bond shall bear interest, payable semi-annually in arrears (unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement) on the outstanding principal amount thereof (computed on the basis of a 30-day month and a 360-day year unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement) from its date of issuance until final payment on the maturity date thereof or otherwise at a fixed rate or floating rate, as specified for the term of such Bond in the applicable Pricing Agreement. Interest only shall be payable on each Interest Payment Date. The Interest Payment Dates shall be determined at the time of, and set forth in, the applicable Pricing Agreement. The principal amount of each Bond, together with any accrued but unpaid interest, shall be due and payable in full on the applicable maturity date for such Bond.
Interest Rates and Payment. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (i) Base --- ----- Rate and (ii) from June 20, 1998 and until the end of the Waiver Period, one-half of one percent (.50%).
Interest Rates and Payment. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due and payable, at a rate per annum equal to the lesser of (i) the sum of the Base Rate as in effect for each such day plus the Applicable Margin and (ii) the Maximum Rate. Accrued, unpaid interest on the outstanding principal of the Base Rate Loans shall be due and payable on each Quarterly Date. Any principal of and, to the extent permitted by Law, accrued and unpaid interest on any Base Rate Loan which has become due and payable shall bear interest on the unpaid portion thereof, payable on demand, for each day from such due date and until paid, at the Default Rate.
Interest Rates and Payment. (a) The unpaid principal amount of each Advance shall bear interest from the date of such Advance until indefeasibly paid in full at a per annum rate equal to the Base Interest Rate.
Interest Rates and Payment. (a) Each Note shall bear interest, payable quarterly in arrears unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement, on the outstanding principal amount thereof (computed on the basis of a 360-day year and the actual number of days elapsed) from its date of issuance until final payment on the maturity date thereof or otherwise at a variable rate per annum equal to the LIBOR Rate for each Interest Period plus the Applicable Margin. The LIBOR Rate shall reset as of the first day of each Interest Period. The (i) initial LIBOR Rate and (ii) Applicable Margin for the term of each Note shall be specified in the applicable Pricing Agreement. Interest only shall be payable on each Interest Payment Date. The Interest Payment Dates shall be determined at the time of an advance and set forth in the applicable Pricing Agreement. The principal amount of each Note, together with any accrued but unpaid interest, shall be due and payable on the maturity date for such Note.
Interest Rates and Payment. DATES FOR RATE-BASED LOANS. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin.
Interest Rates and Payment. (a) Interest shall accrue on the outstanding principal amount of Advances, during each Interest Period, at a per annum rate equal to 1.50 percent above the LIBOR Rate for that Interest Period. Borrower shall pay such accrued interest to Bank in arrears on the first Business Day of each calendar month and at maturity. Bank is hereby irrevocably authorized to debit any account of Borrower with Bank to make any interest payment on its due date. Nothing herein to the contrary withstanding, interest shall accrue on any overdue principal of Advances, fees or other Obligations at a floating per annum rate equal to the Default Rate and be payable on demand.
Interest Rates and Payment. Except as provided in subsection 2.3.2, the Principal Balance of the Term Loan shall bear interest at a per annum rate equal to the Base Rate, plus the Applicable Margin. Interest shall be payable in arrears on each
Interest Rates and Payment. Except as provided in subsection 2.3.2 and subject to the provision contained in Section 2.4, (i) the Principal Balance of the Term Loan A shall bear interest at a per annum rate equal to the Base Rate, plus one and one-quarter percent (1.25%) and (ii) the Revolving Loan (including, without limitation, the Term Loan B Portion thereof) shall bear interest at a per annum rate equal to the LIBOR or the Base Rate, as the case may be, plus the Applicable Margin; PROVIDED, THAT, notwithstanding anything contained in this Loan Agreement or any other Loan Document to the contrary (including, without limitation, the provisions of Section 2.5 of the Loan Agreement), from and after the Second Amendment Effective Date, Borrowers shall not have the option or right to maintain, convert or continue, or to request the maintenance, conversion or continuance of, any LIBOR Rate Loan, and all Loans thereafter shall be Base Rate Loans (and each LIBOR Rate Loan that is outstanding on the Second Amendment Effective Date, if any, shall be converted automatically to a Base Rate Loan, and Borrowers shall be responsible for any and all liability in respect of, and required to reimburse Lender for, any breakage costs or expenses incurred by Lender arising out of such conversion). Interest shall be payable in arrears on each Interest Payment Date. Interest also shall be paid on the date of any payment or prepayment of the Loans pursuant to Sections 2.6 and 2.8.
Interest Rates and Payment. 4 Section 2.04 Maturity. 5 Section 2.05 Facility Fee. 5 ARTICLE III CONDITIONS PRECEDENT 5
