Basic Interest. Subject to Section 3.2.1.3 hereof, interest on the Balance Subject to Interest shall be payable monthly, in arrears, shall be computed at the Interest Rate, and shall be due on the first (1st) day of each month following the accrual thereof. Lender is authorized to debit Borrower’s loan account on the first Business Day of each month for interest accrued hereunder during the preceding month.
Basic Interest. Subject to Section 3.2.2, interest on the Obligations shall be payable monthly in arrears and shall be computed at the Interest Rate. All interest payable hereunder shall be due on the first day of each calendar month following the accrual thereof.
Basic Interest. The Borrower promises to pay interest (“Interest”) on the outstanding unpaid principal amount of this Note at the rate of seven and one half percent (7.5%) per annum. Interest on this Loan Note (this “Note”) shall accrue from and including the date of issuance through and until repayment of the entire principal amount of this Note and payment of all Interest in full, and shall be computed on the basis of a 365-day year applied to actual days on the unpaid principal balance. The Interest shall accrue and be paid in full upon the Maturity Date.
Basic Interest. The disbursed and unpaid principal balance of the HOME Loan shall bear interest commencing on the date on which such Loan proceeds are first disbursed for the account of Borrower as provided herein, and ending on the date paid, at the rate of three percent (3%) per annum, simple interest (“Basic Rate”). Interest shall be computed on the basis of actual number of days elapsed and a three hundred sixty- (360-) day year. Notwithstanding the foregoing, and without limiting any other remedy of the Commission, amounts not paid by Borrower when due shall bear interest from the date due to the date paid at the rate of ten percent (10%) per annum (“Default Rate”).
Basic Interest. The Borrowers, jointly and severally, promise to pay interest on the principal amount of this Note at the rate of 12% per annum (the "INTEREST RATE"). Interest on this Note shall accrue from and including the date of issuance through and until repayment of the principal amount of this Note and payment of all interest in full, and shall be computed on the basis of a 360-day year of twelve 30-day months. Interest shall be paid quarterly on each March 31, June 30, September 30 and December 31 of each year or, if any such date shall not be a Business Day, on the next succeeding Business Day to occur after such date (each date upon which interest shall be so payable, an "INTEREST PAYMENT DATE"), beginning on December 31, 2005, by wire transfer of immediately available funds to an account at a bank designated in writing by the Holder. In the absence of any such written designation, any such interest payment shall be deemed made on the date a check in the applicable amount payable to the order of Holder is received by the Holder at its last address as reflected in Borrowers' note register; if no such address appears, then to such Holder in care of the last address in such note register of any predecessor holder of this Note (or its predecessor).
Basic Interest. Except as provided in Section 1.4 below, the disbursed and unpaid principal balance of the Loan shall bear interest commencing on the date on which the Loan proceeds are first disbursed for the account of Borrower, and ending on the date paid, at the rate of three percent (3%) per annum, simple interest (“Basic Rate”). Interest shall be computed on the basis of actual number of days elapsed and a 360-day year.
Basic Interest. The principal balance of this Note from time to time outstanding shall bear interest at the LIBOR-Based Rate in effect two (2) Business Days prior to the end of each month with each change to become effective on the first day of the following month. Basic Interest shall be calculated daily on the basis of a 360-day year applied to the actual number of days in each interest-payment period.
Basic Interest. Prior to the Maturity Date, interest accruing on the Outstanding Principal Balance of the Loan during each Interest Accrual Period shall be payable by Borrower monthly in arrears on each Payment Date, subject to the further provisions of this Agreement; provided, however, Borrower shall pay Short Period Interest on the date hereof.
Basic Interest. The Borrower shall pay interest (the "BASIC INTEREST") on the principal amount of this Note at the rate of 13% per annum (the "BASIC INTEREST RATE"), quarterly on each March 31, June 30, September 30 and December 31 of each year or, if any such date shall not be a Business Day, on the next succeeding Business Day to occur after such date (each date upon which interest shall be so payable, an "INTEREST PAYMENT DATE"), beginning on September 30, 2000, by wire transfer of immediately available funds to an account at a bank designated in writing by the Holder. In the absence of any such written designation, any such Interest payment shall be deemed made on the date a check in the applicable amount payable to the order of Holder is received by the Holder at its last address as reflected in Borrower's note registers; if no such address appears, then to such Holder in care of the last address in such note register of any predecessor holder of this Note (or its predecessor).
Basic Interest. Interest (computed on the basis of a 360-day year of twelve 30-day months) on the unpaid portion of the principal amount from time to time outstanding hereunder shall be paid by the Company to the Payee at the rate of eleven percent (11%) per annum. Said interest to be paid semi-annually on each June 30 and December 31 (commencing June 30, 2002) and on the Maturity Date.
