Applicable Rate of Interest Sample Clauses

Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: Sl. No. Nature of the limit ……… month(s) MCLR Reset period Spread Effective Rate of Interest (C + E) Rest Remarks, if any. (A) (B) (C) (D) (E) (F) (G) (H)
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Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: BASE RATE SPREAD EFFECTIVE RATE OF INTEREST (A + B) Rest (A) (B) (C) (D) OR Interest @ % p.a. (fixed) with monthly rests with liberty and discretion to the Bank to reset the rate of interest on any dayafter every months from the date of this agreement or from the date of previous interest rate reset date, as the case may be. SCHEDULE - III SPECIAL CONDITIONS
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Applicable Rate of Interest. (1) The applicable rate of interest shall be the base interest rate specified in paragraph (2) below on the day two bank business days prior to the date of loan or the date of review of the interest rate plus annual rate of 1.40%, and the rate shall be calculated on the prorated daily basis assuming 365-day a year.
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Applicable Rate of Interest. No FFELP Loan carries a rate of interest less than, or in excess of, the applicable rate of interest required by the Higher Education Act. [If the Higher Education Act permits the Seller to charge an interest rate less than the applicable rate of interest, no FFELP Loan acquired hereunder bears interest at a rate lower than the applicable rate of interest; provided, however, that the Purchaser may approve, in its sole discretion, in writing, interest reductions which are part of a borrower repayment incentive program of the Seller, the terms of which have been fully described in detail and in writing to the Purchaser].
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Applicable Rate of Interest. (a) From and after the date of this Agreement, and except as otherwise provided in this Section 8, interest shall accrue on the unpaid principal balance of the Obligations outstanding at the rate of 5-1/2% per annum, calculated and paid in accordance with the terms of the Term Note.
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Applicable Rate of Interest. (a) From and after the date of this Agreement, and except as otherwise provided in this Section 7, interest shall accrue (i) on the principal amount of the Revolver Obligations outstanding from time to time at a variable rate per annum equal to the Adjusted Monthly LIBOR Index Rate (adjusted on the first LIBOR Business Day of each LIBOR period) plus 200 basis points, all as more fully set forth in the Credit Agreement, and (ii) on the unpaid principal balance of the Term Loan Obligations outstanding at the rate of 5-1/2% per annum, calculated and paid in accordance with the terms of the Term Note.
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Applicable Rate of Interest. (a) From October 6, 2005, through and including October 31, 2005, interest shall accrue on the unpaid principal balance of the Obligations outstanding at the rate of five and one-half percent (5.5%) per annum, calculated and paid in accordance with the terms of the Term Note.
Sample 1
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Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: Sl. No. Nature of the limit ……… month(s) MCLR Reset period Spread Effective Rate of Interest (C + E) Rest Remarks, if any. (A) (B) (C) (D) (E) (F) (G) (H) 1 Doctors Credit (Term Loan) 2 Doctors Credit (OD) Prepayment / Pre-closure Charges The Borrower agrees that Bank is entitled to charge pre-payment/ pre-closure charges as mentioned herein below:- SCHEDULE – III SPECIAL CONDITIONS
Sample 1
Applicable Rate of Interest. The Applicable Rate of interest for the facility granted/ to be granted to the Borrower is as follows: Sl. No. Nature of the limit Rate of Interest Rest Remarks, if any. (A) (B) (C) (D) (E)
Sample 1

Related to Applicable Rate of Interest

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

  • Default Rate of Interest Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above:

  • Alternative Rate of Interest Notwithstanding anything to the contrary in Section 3.03(a) above, if the Administrative Agent has made the determination (such determination to be conclusive absent manifest error) that (i) the circumstances described in Section 3.03(a)(i) or (a)(ii) have arisen and that such circumstances are unlikely to be temporary, (ii) any applicable interest rate specified herein is no longer a widely recognized benchmark rate for newly originated loans in the syndicated loan market in the applicable currency or (iii) the applicable supervisor or administrator (if any) of any applicable interest rate specified herein or any Governmental Authority having, or purporting to have, jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which any applicable interest rate specified herein shall no longer be used for determining interest rates for loans in the syndicated loan market in the applicable currency, then the Administrative Agent may, to the extent practicable (in consultation with the Borrower and as determined by the Administrative Agent to be generally in accordance with similar situations in other transactions in which it is serving as administrative agent or otherwise consistent with market practice generally), establish a replacement interest rate (the “Replacement Rate”), in which case, the Replacement Rate shall, subject to the next two sentences, replace such applicable interest rate for all purposes under the Loan Documents unless and until (A) an event described in Section 3.03(a)(i), (a)(ii), (b)(i), (b)(ii) or (c)(iii) occurs with respect to the Replacement Rate or (B) the Required Lenders (directly, or through the Administrative Agent) notify the Borrower that the Replacement Rate does not adequately and fairly reflect the cost to the Lenders of funding the Loans bearing interest at the Replacement Rate; provided that if such determined rate shall be less than zero, such rate shall be deemed to be zero for each Loan bearing interest at the Replacement Rate that has not been identified by the Borrower in accordance with the terms of this Agreement as being subject to a Specified Swap Contract that provides a hedge against interest rate risk. In connection with the establishment and application of the Replacement Rate, this Agreement and the other Loan Documents shall be amended solely with the consent of the Administrative Agent and the Borrower, as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 3.03

  • Applicable Rate The definition of “Applicable Rate” set forth in Section 14 is hereby amended by adding to the end of Subsection (b) of the definition after the word “Rate” the following provision: “; provided, however, that if the payee is a Defaulting Party for purposes of Section 6(e), then the rate shall be the Non-default Rate.”

  • Normal rate of interest Subject to the provisions of this Agreement, the rate of interest on the Loan in respect of an Interest Period shall be the aggregate of the Margin and LIBOR for that Interest Period.

  • Calculation of default rate of interest The rates referred to in Clause 7.2 are:

  • Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Negotiation of alternative rate of interest If the Agent's notice under Clause 5.8 is served after a Tranche is advanced, the Borrowers, the Agent, the Lenders or (as the case may be) the Affected Lender and the Swap Bank shall use reasonable endeavours to agree, within 30 days after the date on which the Agent serves its notice under Clause 5.8 (the "Negotiation Period"), an alternative interest rate or (as the case may be) an alternative basis for the Lenders or (as the case may be) the Affected Lender to fund or continue to fund their or its Contribution during the Interest Period concerned.

  • Rate of Interest The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined in the manner specified in the applicable Final Terms.

  • Alternate Rate of Interest; Illegality (a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

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