Base Interest. Those invoices objected by any of the parties shall be reviewed by both parties in order to determine the effective payable amount within a term not exceeding 60 (sixty) calendar days, as of the date when written notice of the corresponding objection is received. Such objection shall not be enforceable if it is not made within the 18 (eighteen) calendar days following the date when corresponding invoice is received, or if it is not made
Base Interest. Unless an Event of Default has occurred and is continuing (or as may otherwise be agreed with respect to any Incremental Term Loans in accordance with Section 2.3(d)), the outstanding principal amount of the Loan and all other accrued but unpaid Obligations bear interest as set forth in this Section 3.2(a). Borrower shall pay to the Lender, monthly in arrears, accrued interest in lawful money of the U.S. paid by wire transfer or ACH payment, on the first Business Day of each calendar month (the “Monthly Payment Date”) at a per annum rate equal to the Applicable Interest Rate, provided, that Borrower shall cooperate with Agent to establish an automatic monthly ACH debit which may be initiated by Lender on the Monthly Payment Date (or any past-due date) in the amount of the interest amount then due and owing. Any accrued interest which for any reason has not theretofore been paid is due and payable in full on the Maturity Date.
Base Interest. Payments of Base Interest shall be paid monthly, on the first Business Day of each month in arrears.
Base Interest. Subject to the provisions of Section 3.2B, the unpaid principal amount of the Notes shall bear interest at a base rate of fourteen percent (14%) per annum (such interest is referred to herein as the “Base Interest”), payable annually in arrears on each anniversary of the Closing Date, in cash.
Base Interest. Interest shall accrue in arrears on the outstanding principal balance of the Loans at an annual rate of 9.5% ("BASE INTEREST"), and shall be due and payable with respect to each calendar quarter (the "Current Quarter") as soon as practicable after, and in any event within 30 days of, the close of the Current Quarter to the extent of Cash Available for Debt Service for the Current Quarter and to the extent not paid shall accrue and be added to principal and shall thereafter bear Base Interest as set forth above. All outstanding principal and accrued Base Interest shall be due and payable on the Maturity Date.
Base Interest. From and after the date hereof the Principal Balance shall bear interest at an annual rate of eleven percent (11.0%). The annual rate in effect with respect to this Note is hereafter referred to as the “Base Interest.”
Base Interest. Subject to the provisions of subsection 3.2B(ii), the unpaid principal amount of the Notes shall bear interest at a base rate of fourteen percent (14.0%) per annum (such interest is referred to herein as the “Base Interest”) payable in arrears on and to each Payment Date; provided that, Base Interest equal to no more than six percent (6.0%) per annum may be added to the unpaid principal of the Notes on the applicable Payment Date, in lieu of payment in cash, solely to the extent that the sum of cash on hand at Issuer (including without limitation cash held in the Equity Distribution Account and Available Cash Flow) is not sufficient to enable Issuer to pay all Base Interest in cash. All amounts of Base Interest added to the principal of the Notes pursuant to this subsection 3.2B(i) shall bear interest as provided herein, be payable as provided in Section 3.3 and be due and payable on the Maturity Date or any accelerated maturity.
Base Interest. Subject to the provisions of subsection 3.2B(ii), the unpaid principal amount of the Notes shall bear interest at a base rate of fourteen percent (14.0%) per annum (such interest is referred to herein as the “Base Interest”) payable in arrears on and to each Payment Date; provided that, on and following the earlier of (a) Completion and (b) February 28, 2010 (or, if later, the date to which such date is extended for purposes of clause (i) of the definition of the Construction Commitment Termination Date), Base Interest equal to no more than six percent (6.0%) per annum may be added to the unpaid principal of the Notes on the applicable Payment Date, in lieu of payment in cash, solely to the extent that the sum of cash on hand at Issuer (including without limitation cash held in the Equity Distribution Account and Available Cash Flow) is not sufficient to enable Issuer to pay all Base Interest in cash. All amounts of Base Interest added to the principal of the Notes pursuant to this subsection 3.2B(i) shall bear interest as provided herein, be payable as provided in subsection 3.3 and be due and payable on the Maturity Date or any accelerated maturity.
Base Interest. Subject to the provisions of Section 3.2(b), the unpaid principal amount of the Note(s) (as increased from time to time by Deferred Base Interest that is paid in kind as described in Section 3.2(c)) shall bear interest from the date advanced at a rate equal to the Base Interest Rate payable in arrears on and to each Payment Date (such interest is referred to herein as the “Base Interest”).
