Applicable Interest Rate; Computation of Interest Sample Clauses

Applicable Interest Rate; Computation of Interest. The interest rate applicable to each Retained Old Form Note Advance Portion shall be the rate specified on the respective Retained Old Form Note Advance Portion Schedule as being the interest rate for such Retained Old Form Note Advance Portion. Interest on each Retained Old Form Note Advance Portion shall accrue from December 31, 1996, to the date on which the principal amount of such Retained Old Form Note Advance Portion is paid. Interest on each Retained Old Form Note Advance Portion shall be computed on the basis of (a) actual days elapsed from (but not including) December 31, 1996, to (and including) the date on which payment is due, and (b) a year of 365 days (except in calendar years including February 29, when the basis shall be a 366-day year). Part IIA (Retained Old Form Note Advance Portions)
Sample 1
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Applicable Interest Rate; Computation of Interest. The interest rate applicable to each Retained Repriced Old Form Note Advance Portion shall be the rate specified on the respective Retained Repriced Old Form Note Advance Portion Schedule as being the interest rate for such Retained Repriced Old Form Note Advance Portion. Subject to paragraph 8 of this Part IIB, interest on each Retained Repriced Old Form Note Advance Portion shall accrue from December 31, 1996, to the date on which the principal amount of such Retained Repriced Old Form Note Advance Portion is paid. Interest on each Retained Repriced Old Form Note Advance Portion shall be computed on the basis of (a) actual days elapsed from (but not including) December 31, 1996, to (and including) the date on which payment is due, and Part IIB (Retained Repriced Old Form Note Advance Portions)
Sample 1

Related to Applicable Interest Rate; Computation of Interest

  • Interest Rate Computations All interest hereunder shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto.

  • 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).

  • 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.

  • Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • 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:

  • 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.

  • 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 Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Section 310 Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Applicable Interest Rates (a) U.S.

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