Interest Accruals. Except as otherwise set forth herein, each of the Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof at the Adjusted Eurodollar Rate for each Interest Period plus the Average Applicable Margin for such Interest Period.
Interest Accruals. Except as otherwise set forth herein, each Tranche of Loans shall bear interest on the unpaid principal amount thereof on each day from the date made through repayment (whether by acceleration or otherwise) thereof at the Floating Rate for each Interest Period from time to time plus the Spread.
Interest Accruals. Interest will be computed on the unpaid principal balance from the date of each borrowing, computed on the basis of the actual number of days elapsed in a year of 360 days. Payment. Until maturity, the Borrower will pay consecutive monthly installments of interest only commencing January 1, 2013, and continuing on the same day of each month thereafter. On the Termination Date, all outstanding principal and accrued unpaid interest shall be due and payable. The Borrower shall make all payments on this Note and the other Related Documents, without setoff, deduction, or counterclaim, to the Agent at the Agent's address above or at such other place as the Agent may designate in writing. If any payment of principal or interest on this Note shall become due on a day that is not a Business Day, the payment will be made on the next succeeding Business Day. Payments shall be allocated among principal, interest and fees at the discretion of the Agent unless otherwise agreed or required by applicable law. Acceptance by the Agent of any payment that is less than the payment due at that time shall not constitute a waiver of the Agent's right to receive payment in full at that time or any other time.
Interest Accruals. Except as otherwise set forth herein, and subject to Section 2.5(b) below, each Loan (including, for the avoidance of doubt, the First Loan, even if no cash shall have been advanced with respect thereto) shall bear interest on the unpaid principal amount thereof in relation to each Interest Period from the date made through repayment (whether by acceleration or otherwise) thereof at an amount in USD equal to the sum of the daily amounts during such Interest Period obtained by multiplying (A) the Benchmark applicable to such Loan for such Interest Period from time to time plus the Spread and (B) the Interest Reference Amount for such day; (in relation to each Loan and each Interest Period the “Base Accrued Interest”).
Interest Accruals. The interest earned by the funds received from the SPARK Grant deposited in this exclusive Bank account as per Article 8.1 shall be included as part of the total payout from the SPARK Grant. In order to keep track of the interest accruals, the SPARK Grantee shall report the interest earned during each milestone as part of the milestone completion report. The payout transferred to the SPARK Grantee for each milestone shall be reduced by the same amount corresponding to the interest earned in the previous milestone.
Interest Accruals. In the event that any payments due hereunder shall be delayed for any reason beyond the date set forth in Section 1(b), the unpaid amounts due shall bear simple interest at the rate of ten percent (10%) per annum, or, if lower, such maximum legal rate permitted by applicable law, until paid. Notwithstanding the provisions as to time of payment as above set forth, Executive may at Executive's sole discretion elect to have some or all of such amounts due Executive deferred to a date or dates of your choosing over a period not to exceed three (3) years to the extent permitted by applicable tax laws without immediate taxation of Executive, in which event the unpaid balances shall not bear interest during the deferred period elected by Executive.
Interest Accruals. The amount payable on the MITTS at maturity will depend on the performance of the Index. Accordingly, we intend to take the position that the MITTS will be treated as “contingent payment debt instruments” for U.S. federal income tax purposes, subject to taxation under the “noncontingent bond method,” and the balance of this discussion assumes that this characterization is proper and will be respected. Under this characterization, the MITTS generally will be subject to the Treasury regulations governing contingent payment debt instruments. Under those regulations, a U.S. Holder will be required to report OID or interest income based on a “comparable yield” and a “projected payment schedule,” established by us for determining interest accruals and adjustments with respect to a MITTS. A U.S. Holder who does not use the “comparable yield” and follow the “projected payment schedule” to calculate its OID and interest income on a MITTS must timely disclose and justify the use of other estimates to the IRS.
Interest Accruals. The unpaid principal balance will bear interest at the rate set forth in [Section 3.5(e)] of the Contract.
Interest Accruals. (i) So long as a balance remains in the Tranche A Account, the Tranche A Account shall be credited on each March 1, June 30, September 30 and December 31 (each, a "TRANCHE A INTEREST ACCUMULATION DATE") with an amount of interest to be calculated at the rate of ten percent (10%) per annum (computed on the basis of a 360-day year and the actual number of days elapsed in any year) on the balance in the Tranche A Account during the three-month period ending on such Tranche A Interest Accumulation Date (a "TRANCHE A INTEREST CREDIT"); PROVIDED that upon and as of the occurrence of a High Yield Debt Offering, the interest rate on the Tranche A Account shall immediately and permanently be increased to the rate of thirteen percent (13%) per annum (computed on the basis of a 360-day year and the actual number of days elapsed in any year).
(ii) So long as a balance remains in the Tranche B Account, the Tranche B Account shall be credited on each March 31, June 30, September 30 and December 31 (each, a "TRANCHE B INTEREST ACCUMULATION DATE") with an amount of interest to be calculated at the rate of ten percent (10%) per annum (computed on the basis of a 360-day year and the actual number of days elapsed in any year) on the balance in the Tranche B Account during the three month period ending on such Tranche B Interest Accumulation Date (a "TRANCHE B INTEREST CREDIT").
Interest Accruals. Except as otherwise set forth herein, and subject to Section 2.5(b) below, each Loan shall bear interest on the unpaid principal amount thereof in relation to each Interest Period from the date made through repayment (whether by acceleration or otherwise) thereof at an amount in USD equal to the sum of the daily amounts during such Interest Period obtained by multiplying (A) the Benchmark applicable to such Loan for such Interest Period from time to time plus the Spread and (B) the Loan Amount for such day (in relation to each Loan and each Interest Period the “Base Accrued Interest”).
