Interest and Other Payments. Any interest on the Facility or any other amount becoming payable under this Agreement and under any Transaction Document or under any of them, is not paid within three (3) Banking Days from the date when due; or
Interest and Other Payments. The Borrower shall pay interest on each Last Out Term Advance of each Last Out Term Lender on the date on which such interest is due in
(1) Insert Extended Termination Date in Execution Copy. accordance with Section 2.07(a) in cash. Any default interest in respect of the Last Out Obligations shall be paid in accordance with Section 2.07(b).
Interest and Other Payments. The Borrower shall fail to pay --------------------------- when due any payment of interest or other sum payable hereunder or under any of the other Loan Documents or in the Merger Agreement and continuance of such default for fifteen (15) Banking Days after notice thereof to the Borrower from the Lender;
Interest and Other Payments. The Participating Region shall pay: (i) interest on the repayable portion of the Subsidiary Loan withdrawn and outstanding from time to time, at a variable rate equivalent to two and one-half percent (2.50%) above the interest rate determined in accordance with the provisions of Section 2.06 of this Agreement; and (ii) a commitment charge on the repayable portion of the Subsidiary Loan at the rate equal to the rate payable by the Borrower according to Section 2.05 of this Agreement.
Interest and Other Payments. Rights to Payments ----------------------------------------------- Preserved; Distribution Rate Reset; Notice. Interest on any Note or ------------------------------------------- distributions on the appropriate Applicable Ownership Interest in the Treasury Portfolio, as the case may be, which is paid on any Payment Date shall, subject to receipt thereof by the Agent from the Collateral Agent as provided by the terms of the Pledge Agreement, be paid to the Person in whose name the Corporate Units Certificate (or one or more Predecessor Corporate Units Certificates) of which such Note or the appropriate Applicable Ownership Interest of the Treasury Portfolio, as the case may be, is a part is registered at the close of business on the Record Date for such Payment Date. Each Corporate Units Certificate evidencing Notes or the Applicable Ownership Interest of the Treasury Portfolio delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of any other Corporate Units Certificate shall carry the rights to interest or distributions (as applicable) accrued and unpaid, and interest, distributions or other payments to accrue, which were or will be carried by the Notes or the Applicable Ownership Interest in the Treasury Portfolio underlying such other Corporate Units Certificate. In the case of any Corporate Units with respect to which Cash Settlement of the underlying Purchase Contract is properly effected prior to 11:00 a.m., New York City time on the Business Day immediately preceding the Purchase Contract Settlement Date pursuant to prior notice, or with respect to which Early Settlement of the underlying Purchase Contract is properly effected on an Early Settlement Date, or with respect to which a Collateral Substitution is properly effected, in each case on a date that is after any Record Date and on or prior to the next succeeding Payment Date, interest on the Notes or distributions on the appropriate Applicable Ownership Interest of the Treasury Portfolio, as the case may be, underlying such Corporate Units otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Cash Settlement or Early Settlement or Collateral Substitution, and such interest or distributions shall, subject to receipt thereof by the Agent, be payable to the Person in whose name the Corporate Units Certificate (or one or more Predecessor Certificates) was registered at the close of business on the Record Date. Exce...
Interest and Other Payments. (a) INTEREST; DEFAULT INTEREST. The rate at which each Fixed Rate Loan shall bear interest, and the maturity of such Loan, will be specified in the relevant Loan Advice. Floating Rate Loans will bear interest on a daily basis as specified herein (including the related Loan Advices). Any Loan or other Obligation for which no interest has been stated in the relevant Loan Advice or other documentation shall, unless otherwise agreed by the parties in writing, bear interest at the same rates as, and for all purposes of this Agreement and the Note shall be treated as, a Floating Rate Loan. As used herein and in Schedule I hereto, (i) the term "Prime Rate" means the rate per annum announced by Union Bank of Switzerland in New York City as its "prime rate" from time to time, which rate shall be determined daily, (ii) the term "Federal Funds Rate" means the average rate per annum quoted to Union Bank of Switzerland at 11:00 a.m. (New York City time) on each day for overnight Federal Funds transactions arranged by three New York Federal Funds brokers selected by Union Bank of Switzerland, and (iii) the term "Base Rate" means the higher of the Prime Rate and a rate per annum 1% in excess of the Federal Funds Rate. All interest shall be computed on the basis of the number of days elapsed and a 360-day year. Unpaid interest accrued on each Loan shall be due at maturity and, prior thereto, monthly on the same day each month as the day of the month on which the applicable Loan was made, or on such other monthly basis as the Bank may specify by at least ten days' written notice to the Customer. Each repayment or prepayment of principal shall be accompanied by all accrued and unpaid interest thereon. Notwithstanding the preceding sentences of this paragraph, any principal, interest, fee or other Obligation (including reimbursement of any drawing under a Letter of Credit) not paid when due shall bear interest, payable on demand, at a floating rate per annum which is two percentage points above the Base Rate. Notwithstanding the foregoing, the Customer shall not be required to pay interest for any period at a rate exceeding the maximum rate permitted by law. If the amount of interest payable by the Customer for any period is reduced pursuant to the preceding sentence, the amount of interest payable for each succeeding period shall be increased to the maximum rate permitted by law until the amount of such reduction has been received by the Bank.
Interest and Other Payments. Any interest on the Facility Balance or any other amount becoming payable under this Agreement and the Notes or under any of them, is not paid within three (3) Banking Days from the date when due; or Representations, etc. Any representation, warranty or other statement made by the Borrowers in this Agreement or in any other instrument, document or other agreement delivered in connection herewith proves to have been untrue or misleading in any material respect as at the date as of which it was made; or
Interest and Other Payments. The Borrower shall fail to pay when due any payment of interest or other sum payable hereunder or under any of the other THE SYMBOL `[***]' IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION Loan Documents and continuance of such default for fifteen (15) Banking Days after notice thereof to the Borrower from the Lender;
Interest and Other Payments. Capmark Financial Group Inc., a Nevada corporation (such Person, and its respective successors and assigns under the Indenture hereinafter referred to, being herein called the “Issuer”), promises to pay interest on the principal amount of this Floating Rate First Lien A Note due 2014 (a “Note” and with other such notes the “Notes”) quarterly, in arrears, at the rate per annum, reset quarterly, equal to the three month LIBOR (as defined below) plus 5.000% (the “calculated interest rate”), which calculated interest rate shall be subject to adjustment as set forth below. The Issuer shall pay interest (i) quarterly on February 1, May 1, August 1 and November 1 of each year, commencing on November 1, 2011 and (ii) on the maturity date of this Note (each, a “payment date”). Interest on this Note shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Issue Date. Interest shall be calculated on the basis of the actual number of days in the applicable interest period and a 360-day year.
Interest and Other Payments. Capmark Financial Group Inc., a Nevada corporation (such Person, and its respective successors and assigns under the Indenture hereinafter referred to, being herein called the “Issuer”), promises to pay interest on the principal amount of this Floating Rate First Lien Extendible B Note due 2015 (a “Note” and with other such notes the “Notes”) quarterly, in arrears, at the rate per annum, reset quarterly, equal to the three month LIBOR (as defined below) plus (i) with respect to any date occurring during the period beginning on the Issue Date and ending on September 30, 2015, 7.000%; (ii) with respect to any date, if any, occurring during the First Extension Period (as defined below), 7.500%; and (iii) with respect to any date, if any, occurring during the Second Extension Period (as defined below), 8.000%. (the “calculated interest rate”), which calculated interest rate shall be subject to adjustment as set forth below. The Issuer shall pay interest (i) quarterly on February 1, May 1, August 1 and November 1 of each year, commencing on November 1, 2011 and (ii) on the maturity date of this Note (each, a “payment date”). Interest on this Note shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Issue Date. Interest shall be calculated on the basis of the actual number of days in the applicable interest period and a 360-day year.
