Estimates of Interest Sample Clauses

Estimates of Interest. For purposes of determining the amounts required to be identified by the Servicer pursuant to Section 3.2(c), the Administrator shall notify the Servicer (and, if Xxxxxx Collections is not the Servicer, the Borrower) from time to time of the Interest Rate applicable to each Loan and the rates at which fees and other amounts are accruing hereunder. It is understood and agreed that (i) the interest for any Loan may change from one Interest Period to the next, and the Bank Rate may change from time to time during an applicable Interest Period, (ii) certain rate information provided by the Administrator to the Servicer shall be based upon the Administrator’s good faith estimate, (iii) the amount of interest payable with respect to a Loan during any Interest Period may exceed, or be less than, the amount identified with respect thereto by Servicer, and (iv) the amount of fees or other amounts payable by the Borrower hereunder which have accrued hereunder with respect to any Settlement Period may exceed, or be less than, the amount identified with respect thereto by the Servicer. Failure to identify any amount so accrued shall not relieve the Servicer of its obligation to remit Collections to the Administrator, for the benefit of the Secured Parties, with respect to such accrued amount, as and to the extent provided in Section 3.2. 12
AutoNDA by SimpleDocs
Estimates of Interest. For purposes of determining the amounts required to be identified by the Servicer pursuant to Section 3.2(c), each Co-Agent shall notify the Servicer (and, if Lanixx Xxxlections is not the Servicer, the Borrower) from time to time of the Interest Rate applicable to each of such Co-Agent's Constituent Lenders' Loans and the rates at which fees and other amounts are accruing hereunder. It is understood and agreed that (a) the interest for either Co-Agent's

Related to Estimates of Interest

  • Rates of Interest Borrowers jointly and severally agree to pay interest in respect of all unpaid principal amounts of the Revolver Loans from the respective dates such principal amounts are advanced until paid (whether at stated maturity, on acceleration or otherwise) at a rate per annum equal to the applicable rate indicated below:

  • Certificates of Interest Interest in the Company shall be represented by certificate(s) issued by the Company, shall be deemed “securities” within the meaning of Section 8-102 of Article 8 of the Delaware Uniform Commercial Code and shall be governed by Article 8 of the Uniform Commercial Code.

  • Notification of rates of interest The Agent shall promptly notify the Lenders and the Borrower of the determination of a rate of interest under this Agreement.

  • Computations of Interest All computations of interest on Eurodollar Loans and other amounts (other than Base Rate Loans) hereunder shall be made on the actual number of days elapsed over a year of 360 days, and all computations of interest on Base Rate Loans hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

  • Interest Generally Interest on the outstanding principal balance of the Loan shall accrue from the Closing Date to but excluding the Maturity Date at the Interest Rate.

  • Payments of Interest Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

  • Interest Rate and Payments (a) The balance of principal outstanding from time to time under this Note shall bear interest at the rate of seven and sixty-three one- hundredths percent (7.63%) per annum (the "Original Interest Rate"), computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.

  • Computations of Interest and Fees (a) Except as provided in the next succeeding sentence, interest on LIBOR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on ABR Loans shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.

  • Rates and Payment of Interest (a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin; and (iii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Revolver Loans. Interest shall accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue.

  • Interest Rates and Fees (a) Tranche A Loans. The following interest and fees shall be payable with respect to Tranche A Loans:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!