Common use of Determination of Interest Clause in Contracts

Determination of Interest. To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Agent shall determine such Purchaser’s CP Rate and the Interest (including unpaid Interest, if any, due and payable on a prior Payment Date) to be paid by the Seller with respect to each Advance, as applicable, on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third Business Day prior to such Payment Date.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Determination of Interest. To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Agent shall determine such Purchaser’s CP Rate and the Interest (including unpaid Interest, if any, due and payable on a prior Payment Date) to be paid by the Seller with respect to each Advance, as applicable, on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third Business Day prior to such Payment Date.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Determination of Interest. To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Each applicable Purchaser Agent shall determine such Purchaser’s the CP Rate and the Interest Interest, as applicable, for its related Purchaser (including unpaid InterestInterest related thereto, if any, due and payable on a prior Payment Date) to be paid by the Seller Borrower with respect to each Advance, as applicable, Advance on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

Determination of Interest. To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Each applicable Purchaser Agent shall determine such Purchaser’s the CP Rate and the Interest for its related Purchaser (including unpaid InterestInterest related thereto, if any, due and payable on to a prior Payment Date) to be paid by the Seller with respect to each Advance, as applicable, Advance on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third Business Day prior to such Payment Date.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (MCG Capital Corp), Sale and Servicing Agreement (NewStar Financial, Inc.)

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Determination of Interest. To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Each applicable Purchaser Agent shall determine such Purchaser’s the CP Rate and the Interest or other rate, as applicable, for its related Purchaser (including unpaid InterestInterest related thereto, if any, due and payable on to a prior Payment Date) to be paid by the Seller with respect to each Advance, as applicable, Advance on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MCG Capital Corp)

Determination of Interest. To the extent any Purchaser’s Class A Interest Rate is determined by reference to the CP Rate, the Administrative Each applicable Purchaser Agent shall determine such Purchaser’s the CP Rate and the Interest for its related Purchaser (including unpaid InterestInterest related thereto, if any, due and payable on to a prior Payment Date) to be paid by the Seller with respect to each Advance, as applicable, Advance on each Payment Date for the related Accrual Period and shall advise the Servicer thereof on or before the third (3rd) Business Day prior to such Payment Date.

Appears in 1 contract

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc)

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