Initial Rate. The unpaid principal balance of this Note from day to day outstanding shall initially bear interest at a rate of ten percent (10.00%) per annum.
Initial Rate. The Reference Rate as of the date of this Agreement is eight and one-half percent (8.50%) per annum, and, therefore, the effective rate of interest hereunder as of the date of this Agreement, expressed in simple interest terms, is nine percent (9.00%) per annum. The interest rate payable by Borrower under the terms of this Agreement shall be adjusted in accordance with any change in the Reference Rate from time to time on the date of any such change.
Initial Rate. For the transportation and dehydration of each MCF of Shipper's Carbon Dioxide received at the Receipt Points during any month, beginning with the date of first deliveries hereunder and continuing through the end of the first Contract Year, Shipper shall pay Transporter a transportation fee (the "Transportation Fee"), which fee shall initially be $0.16 (the "initial rate").
Initial Rate. Interest will be charged on the entire unpaid principal balance of this Note, including payments not made when due and any other sums owing hereunder. Interest charged hereunder, including any acceleration interest rate, all late charges, default interest and other charges, and all other amounts charged hereunder, shall not be limited by the laws of any state, including any state laws relating to a legal rate or other interest rate, but shall be governed solely by applicable federal laws. Interest will be calculated on the basis of a 365-day year and the actual number of days in each month. Interest charges will begin on the date Lender disburses principal and continue until the Indebtedness is paid in full with interest. The initial interest rate in effect on this date is 2.89% per annum. The interest rate that Borrower will pay will change in accordance with 3.2-3.6 below.
Initial Rate. Interest shall accrue on the principal amount outstanding from time to time after the Closing Date until the Maturity Date at the Interest Rate.
Initial Rate. In addition- to Tenant’s obligation to pay Basic Rent for the Original Premises, Tenant shall pay Basic Rent for the Expansion Space as follows: Lease Year 1 $ 18.00 $ 270,000.00 ** $ 22,500.00 Lease Year 2 $ 18.00 $ 306,000.00 *** $ 25,500.00 Lease Year 3-5 $ 19.00 $ 378,100.00 **** $ 31,508.33 Lease Year 6-8 $ 20.00 $ 398,000.00 **** $ 33,166.67 *For purposes hereof, an “Lease Year” shall mean a 12 month period beginning on the Expansion Effective Date, or any anniversary of the Expansion Effective Date, except that if the Expansion Effective Date does not fall on the first day of a calendar month, then the first Lease Year shall begin on the Expansion Effective Date, and end on the last day of the month containing the first anniversary of the Expansion Effective Date (and the Basic Rent for such first Lease Year shall be prorated to reflect the additional days included therein), and each succeeding Lease Year shall begin on the day following the last day of the prior Lease Year. **Based on 15,000 square feet ***Based on 17,000 square feet ****Based on 19,900 square feet All such Basic Rent and Additional Rent payable on account of Taxes, Operating Expenses, and utilities shall be payable by Tenant in accordance with the terms of the Lease. Tenant shall have no obligation to pay Basic Rent for the first (1st) full calendar month of Lease Year 1.
Initial Rate. From the Closing Date until the date on which the next Compliance Certificate is delivered hereunder, the Level applicable to the Borrower in the Pricing Table will be Level V.
Initial Rate. All Loans shall initially be funded as Base Rate Loans and/or Eurodollar Loans and, thereafter, shall be maintained, at the election of the Borrowers made from time to time as permitted herein, as Base Rate Loans and/or Eurodollar Loans. 5(b) Payment of Interest and Fees. Interest accruing on Base Rate Loans and Eurodollar Loans shall be payable monthly in arrears and on the Maturity Date. The Administrative Agent shall, on or before the fifth Business Day of each month, deliver to the Borrowers an interest and fee billing for the immediately preceding month, which billing shall set forth interest accrued and payable on Loans and fees payable hereunder to be collected by the Administrative Agent for remittance to the Lenders and which billing shall be payable no later than the second Business Day following receipt thereof by the Borrowers.
Initial Rate. The outstanding principal balance of each Loan, or each outstanding portion thereof, shall bear interest initially at a rate per annum equal to either: (i) the Prime Rate in the case of that portion of such Loan at any time constituting a Prime Borrowing or (ii) subject to the conditions and limitations set forth in subsection (c) below, the LIBOR Rate plus the Applicable Margin in the case of that portion of such Loan at any time constituting a LIBOR Borrowing; subject, however, in each case, to adjustment as provided in subsection (b) below.
Initial Rate. The Bonds shall initially bear interest at a variable rate as described in subsection (b) of this Section 2.02, until the first Reset Adjustment Date or Fixed Rate Adjustment Date, if any, and thereafter shall bear interest at the applicable rate set forth in this Section.
