Interest and Facility Fee. Subject to the provisions of Section 2.2, the outstanding Loans shall bear interest at a per annum rate equal to the LIBOR Rate for the applicable Interest Period plus the LIBOR Rate Spread. The Borrower hereby unconditionally promises to pay to the Lender accrued interest and the Facility Fee on the Loans in arrears on each Interest Payment Date and the Maturity Date.
Appears in 4 contracts
Samples: Credit Agreement (Hoku Corp), Credit Agreement (Hoku Corp), Credit Agreement (Hoku Corp)
Interest and Facility Fee. Subject to the provisions of Section 2.2, the outstanding Loans Loan shall bear interest at a per annum rate equal to the LIBOR Rate for the applicable Interest Period plus the LIBOR Rate Spread. The Borrower hereby unconditionally promises to pay to the Lender accrued interest and the Facility Fee on the Loans Loan in arrears on each Interest Payment Date and the Maturity DateDate and, if the Loan is prepaid, on the date of such prepayment.
Appears in 2 contracts
Samples: Credit Agreement (Hoku Corp), Credit Agreement (Hoku Corp)
Interest and Facility Fee. Subject to the provisions of Section 2.2, the outstanding Loans Loan shall bear interest at a per annum rate equal to the LIBOR Rate for the applicable Interest Period plus the LIBOR Rate Spread. The Borrower hereby unconditionally promises to pay to the Lender accrued interest and the Facility Fee on the Loans Loan in arrears on each Interest Payment Date and the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Hoku Corp)
Interest and Facility Fee. Subject to the provisions of Section 2.2Sections 2.2 and 2.11, the outstanding Loans Loan shall bear interest at a per annum rate equal to the LIBOR Rate for the applicable Interest Period plus the LIBOR Rate Spread. The Borrower hereby unconditionally promises to pay to the Lender accrued interest and the Facility Fee on the Loans Loan in arrears on each Interest Payment Date and the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Hoku Corp)