Interest Accrual and Payment Sample Clauses

Interest Accrual and Payment. Subject to Section 4(b)(ii) below, interest shall accrue on the principal sums outstanding at a rate per annum equal to the Base Rate, plus an increase of 1.00% following the second anniversary of the Original Unsecured Note Issuance Date and additional increases of 1.00% following each anniversary of the Original Unsecured Note Issuance Date thereafter (the “Applicable Interest”). The Applicable Interest shall become due and payable in accordance with Section 2. Any accrued interest which for any reason has not theretofore been paid shall be paid in full on the Maturity Date.
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Interest Accrual and Payment. Except as provided in Section II(H) below, the outstanding principal balance of the Credit Line Loan shall bear interest at the Average Rate, payable with respect to the Credit Line Loan in arrears as provided in the Note.
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Interest Accrual and Payment. Except during a Long-Term Interest Rate Period, interest on the Bonds shall accrue on the basis of the actual number of days elapsed during the Interest Rate Period and a year of 365 days (366 days in a leap year). Interest on the Bonds bearing interest at a Long-Term Interest Rate shall accrue on the basis of a 360 day year based on twelve 30-day months. Interest shall be paid on the Bonds on each Interest Payment Date therefor. Each Bond shall bear interest from and including the Interest Accrual Date immediately preceding the date of authentication thereof or, if such date of authentication is an Interest Accrual Date to which interest on the Bonds has been paid in full or duly provided for, from such date of authentication or, if it is the first payment of interest on the Bonds, the date thereof. However, if, as shown by the records of the Trustee, interest on the Bonds is in default, Bonds issued in exchange for Bonds surrendered for registration of transfer or exchange shall bear interest from the date to which interest has been paid in full on the Bonds so surrendered or, if no interest has been paid on the Bonds, from the date thereof. For any Daily Interest Rate Period for Bonds, interest on the Bonds shall be payable on each Interest Payment Date for the period commencing on the Interest Accrual Date preceding the prior Interest Payment Date and ending on the last day of such month. For any Weekly Interest Rate Period, interest on the Bonds shall be payable on each Interest Payment Date for the period commencing on the immediately preceding Interest Accrual Date (or, if any Interest Payment Date is not a Wednesday, commencing on the second preceding Interest Accrual Date) and ending on the Tuesday immediately preceding the Interest Payment Date (or, if sooner, the last day of such Weekly Interest Rate Period). For any Short-Term Interest Rate Period or Long-Term Interest Rate Period for Bonds, interest on the Bonds shall be payable on each Interest Payment Date for the period commencing on the immediately preceding Interest Accrual Date and ending on the day immediately preceding such Interest Payment Date (or, if sooner, the last day of such Short-Term Interest Rate Period or Long-Term Interest Rate Period). In any event, interest on the Bonds shall be payable for the final Interest Rate Period to but not including the date on which the Bonds have been paid in full. The terms of the Bonds shall be divided into consecutive Interest Rate Periods d...
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Interest Accrual and Payment. Interest on the Outstanding Advance will accrue daily during each Interest Period and is calculated and payable on the last day of each Interest Period on the basis of a year of 365 days and the actual number of days elapsed.
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Interest Accrual and Payment. 4.2.1 Interest on the Term Credit shall accrue on a daily basis and shall be paid monthly; and
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Interest Accrual and Payment. 6.1. Interest shall be accrued on the outstanding Loan amount based on the actual number of days of use of the Loan, including the first day of use and excluding the day of repayment of the Loan.
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Interest Accrual and Payment. Interest on the Term Credits shall accrue and be paid as follows:
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Interest Accrual and Payment. Interest shall accrue on the aggregate outstanding principal balance of this Convertible Promissory Note (the "Note"), commencing on the date hereof, at nine percent (9.0"%) per annum, and shall be payable quarterly in arrears on the first day of each calendar quarter (January 1, April l, July l, and October 1), commencing on April 1,1998. Interest on this Note shall be calculated on the basis of the actual number of days elapsed in any period in which interest is payable. Whenever any payment under this Note is due on a Saturday, Sunday or any other day on which banks in the State of Washington are required to be closed, such payment shall be made on the next succeeding day on which banks in the State of Washington are not required or permitted by law to be closed.
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Interest Accrual and Payment. (a) The unpaid principal balance of this Note from time to time shall bear cumulative interest at the rate of nine percent (9%) per annum. The unpaid principal balance of this Note and all accrued interest shall be paid to Payees on the first anniversary of this Note.
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Related to Interest Accrual and Payment

  • Accrual and Payment of Interest Interest shall accrue from and including the date of any Borrowing to but excluding the date of any prepayment or repayment thereof and shall be payable by the Borrower on a joint and several basis: (i) in respect of each Base Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December (ii) in respect of each Eurodollar Loan, on the last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on the dates that are successively three months after the commencement of such Interest Period; (iii) in respect of any Swing Loan, on the Swing Loan Maturity Date applicable thereto; and (iv) in respect of all Loans, other than Revolving Loans accruing interest at the Base Rate, on any repayment, prepayment or Conversion (on the amount repaid, prepaid or Converted), at maturity (whether by acceleration or otherwise), and, after such maturity or, in the case of any interest payable pursuant to Section 2.11(c), on demand.

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Interest and Payments Borrower shall make payments in accordance with the Note at the rate set forth in the Note.

  • Interest Accruing Each interest-bearing Receivable is, as of the Cut-off Date, accruing interest. Documents Data tape Procedures to be Performed

  • Distributions and Interest Amount (i) Interest Rate. "

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

  • Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.

  • Distributions and Payments Section 4.01.

  • Rates and Payment of Interest on Loans (a) Rates. The Borrowers promise to pay to the Agent for the account of each Lender interest on the unpaid principal amount of each Loan made by such Lender for the period from and including the date of the making of such Loan to but excluding the date such Loan shall be paid in full, at the following per annum rates: (i) during such periods as such Loan is a Base Rate Loan, at the Base Rate (as in effect from time to time) plus the Applicable Margin (utilizing the applicable "Base Rate Margin" as identified in the definition of Applicable Margin, it being acknowledged that the Applicable Margin is a negative number, the addition of which will result in an interest rate applicable to Base Rate Loans which is lower than the corresponding Base Rate); (ii) during such periods as such Loan (other than a Competitive Advance) is a LIBOR Loan, at the Adjusted Eurodollar Rate for such Loan for the Interest Period therefor plus the Applicable Margin (utilizing the applicable "LIBOR Margin" as identified in the definition of Applicable Margin); and (iii) with respect to each Competitive Advance, at the margin over the Adjusted Eurodollar Rate determined pursuant to Section 2.3. Notwithstanding the foregoing, during the continuance of an Event of Default, the Borrowers shall pay to the Agent for the account of each Lender interest at the Post-Default Rate on the outstanding principal amount of any Loan made by such Lender, on all Reimbursement Obligations and on any other amount payable by the Borrowers hereunder or under the Notes held by such Lender to or for the account of such Lender (including without limitation, accrued but unpaid interest to the extent permitted under Applicable Law). (b)

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