Initial Interest Rates Sample Clauses

Initial Interest Rates. The initial interest rates applicable to this Note shall be the rates set forth in the "INTEREST" paragraph herein.
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Initial Interest Rates. The initial interest rates applicable to this Note shall be the rates set forth in the “Interest” paragraph herein.
Sample 1Sample 2See All (5)
Initial Interest Rates. Notwithstanding any other provision of this Agreement (including Schedule 1.1.1(A)), the Applicable Margin shall be at Level II on Schedule 1.1.1(A) until the Adjustment Date following receipt by the Agent of Borrower’s Compliance Certificate for the fiscal quarter ended December 31, 2004.
Sample 1
Initial Interest Rates. Except as provided in Section 2.2, from May 26, 1999 until February , 2003, interest shall accrue hereunder at the fixed rate of twelve percent (12%) per annum (the "Initial Interest Rate") and shall be paid in arrears on a quarterly basis. From February , 2003 and thereafter until repayment of this Debenture in full, interest shall accrue hereunder at the fixed rate of twelve and one-half percent (12.5%) per annum (collectively with the Initial Interest Rate, the "Interest Rate") and shall be paid in arrears on a quarterly basis. Interest shall be calculated on the basis of the actual number of days elapsed over a year of 360 days."
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Initial Interest Rates. Except as provided in Section 2.2, from ---------------------- the date hereof and thereafter until repayment of this Debenture in full, interest shall accrue hereunder at the fixed rate of twelve percent (12%) per annum (the "Interest Rate") and shall be paid in arrears on a quarterly basis. Interest shall be calculated on the basis of the actual number of days elapsed over a year of 360 days.
Sample 1
Initial Interest Rates. All Revolving Credit Loans shall bear interest, at the applicable Borrower's option, at either the LIBOR Based Rate or the Prime Based Rate as set forth below.
Sample 1
Initial Interest Rates. The interest rate of the Note that evidences indebtedness for the Revolving Accounts Receivable Loan shall be 2.0% over the Prime Rate adjusted daily, with a floor rate of 6.0%. The Prime Rate shall mean the published base rate on corporate loans at large US money center commercial banks as set forth in The Wall Street Journal. The interest rate of the Note or Notes that evidence indebtedness for the Revolving Line of Credit Loan shall be 2.0% over the rate earned on the Certificates of Deposit, fixed for the same period as the rate to be earned on the Certificate of Deposit.
Sample 1
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Initial Interest Rates. Notwithstanding any other provision of this Agreement (including the Pricing Grid), the Applicable Margin shall be at Level IV on the Pricing Grid until receipt by the Administrative Agent of the Borrower's Compliance Certificate for the period ended September 30, 1999.
Sample 1

Related to Initial Interest Rates

  • Normal interest rate The Borrowers shall pay interest on each Tranche in respect of each Interest Period relating thereto on each Interest Payment Date (or, in the case of Interest Periods of more than three (3) months, by instalments, the first instalment three (3) months from the commencement of the Interest Period and the subsequent instalments at intervals of three (3) months or, if shorter, the period from the date of the preceding instalment until the Interest Payment Date relative to such Interest Period) at the rate per annum determined by the Agent to be the aggregate of (a) the Margin and (b) LIBOR for such Interest Period.

  • Optional Interest Rates Instead of the interest rate based on the Bank's Prime Rate, the Borrower may elect the optional interest rates listed below during interest periods agreed to by the Bank and the Borrower. The optional interest rates shall be subject to the terms and conditions described later in this Agreement. Any principal amount bearing interest at an optional rate under this Agreement is referred to as a "Portion." The following optional interest rates are available:

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

  • Applicable Interest Rates (a) U.S.

  • Fixed Interest Rate Annual interest rate shall be /% and will not change during the duration.

  • Interest Rate Subject to Section 2.5(b), the principal amount outstanding under the Revolving Line shall accrue interest a floating per annum rate equal to the greater of (i) one quarter of one percentage point (0.25%) above the Prime Rate, or (ii) three and one half percentage points (3.50%), which interest shall, in each case, be payable monthly in accordance with Section 2.5(d) below.”

  • Maximum Interest Rate In no event shall any interest rate provided for hereunder exceed the maximum rate legally chargeable under applicable law with respect to loans of the Type provided for hereunder (the “Maximum Rate”). If, in any month, any interest rate, absent such limitation, would have exceeded the Maximum Rate, then the interest rate for that month shall be the Maximum Rate, and, if in future months, that interest rate would otherwise be less than the Maximum Rate, then that interest rate shall remain at the Maximum Rate until such time as the amount of interest paid hereunder equals the amount of interest which would have been paid if the same had not been limited by the Maximum Rate. In the event that, upon payment in full of the Obligations, the total amount of interest paid or accrued under the terms of this Agreement is less than the total amount of interest which would, but for this Section 3.3, have been paid or accrued if the interest rate otherwise set forth in this Agreement had at all times been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the Agent, for the account of the applicable Lenders, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have been charged if the Maximum Rate had, at all times, been in effect or (ii) the amount of interest which would have accrued had the interest rate otherwise set forth in this Agreement, at all times, been in effect over (b) the amount of interest actually paid or accrued under this Agreement. If a court of competent jurisdiction determines that the Agent and/or any Lender has received interest and other charges hereunder in excess of the Maximum Rate, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the Obligations other than interest, and if there are no Obligations outstanding, the Agent and/or such Lender shall refund to the Borrower such excess.

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

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