Interest Calculation and Payment. Interest on Prime Based Loans and USBR Loans is calculated daily (including February 29 in a leap year) and payable monthly in arrears based on the number of days the subject loan is outstanding unless otherwise provided in the Rate and Payment Terms Notice. Interest is charged on February 29 in a leap year. The Stamping Fee is calculated based on the amount and the term of the B/A and is payable upon acceptance by the Bank of the B/A. The net proceeds received by the Borrower on a B/A advance will be equal to the Face Amount of the B/A discounted at the Bank’s then prevailing B/A discount rate for CAD B/As or USD B/As as the case may be, for the specified term of the B/A less the B/A Stamping Fee. If the B/A discount rate (or the rate used to determine the B/A discount rate) is less than zero, it shall instead be deemed to be zero for purposes of this Agreement. Interest on LIBOR Loans and CDOR Loans is calculated and payable on the earlier of contract maturity or quarterly in arrears, for the number of days in the LIBOR or CDOR interest period, as applicable. L/C and L/G fees are payable at the time set out in the Letter of Credit Indemnity Agreement applicable to the issued L/C or L/G. Interest on Fixed Rate Term Loans is compounded monthly and payable monthly in arrears unless otherwise provided in the Rate and Payment Terms Notice. Interest is payable both before and after maturity or demand, default and judgment. Each payment under this Agreement shall be applied first in payment of costs and expenses, then interest and fees and the balance, if any, shall be applied in reduction of principal. For loans not secured by real property, all overdue amounts of principal and interest and all amounts outstanding in excess of the Credit Limit shall bear interest from the date on which the same became due or from when the excess was incurred, as the case may be, until the date of payment or until the date the excess is repaid at the Bank’s standard rate charged from time to time for overdrafts, or such lower interest rate if the Bank agrees to a lower interest rate in writing. Nothing in this clause shall be deemed to authorize the Borrower to incur loans in excess of the Credit Limit. If any provision of this Agreement would oblige the Borrower to make any payment of interest or other amount payable to the Bank in an amount or calculated at a rate which would be prohibited by law or would result in a receipt by the Bank of “interest” at a “criminal rate” (as ...
Interest Calculation and Payment. Each Statement Cycle interest will be calculated and separately credited to each open Envelope generally within two days after the end of the Statement Cycle. Each Statement Cycle interest for each Envelope is calculated by: (1) applying the current interest rate to the average daily balance across all of your Envelopes for the Statement Cycle, and (2) multiplying the amount in clause (1) by the average daily balance in the applicable Envelope for the Statement Cycle divided by the average daily balance across all Envelopes for the Statement Cycle. The average daily balance of an Envelope is calculated by adding together the balances in the Envelope for every day the Envelope is open during the Statement Cycle and dividing that amount by the number of days the Envelope is open in the Statement Cycle. The current variable rate at which interest may be paid on your Envelopes, and the corresponding APY, can be found under “Manage” on the Website or in the Mobile App. The APY is a percentage reflecting the total amount of interest paid on your Envelopes, based on the interest rate and frequency of compounding. We may, at our sole discretion, change the interest rate, and the corresponding APY, at any time without notice. Any change we may make to the interest rate would not take effect until the next Statement Cycle. We will credit interest in whole cents, after rounding to the nearest cent, to the applicable Envelope. Because interest is credited only at the end of your Statement Cycle, the amount of accrued interest is not added to the daily balance of your Envelopes during the Statement Cycle. That means that interest does not compound prior to being credited to your Envelopes.
Interest Calculation and Payment. Interest on Prime Based Loans and USBR Loans is calculated daily and payable monthly in arrears based on the number of days the subject loan is outstanding. The Stamping Fee is calculated based on the amount and the term of the B/A and payable upon acceptance by the Bank of the B/A. The net proceeds received by the Borrowers on a B/A advance will be equal to the Face Amount of the B/A discounted at the Bank's then prevailing B/A discount rate for the specified term of the B/A less the B/A Stamping Fee. Interest on LIBOR Loans is calculated and payable on the earlier of contract maturity or quarterly in arrears, for the number of days in the LIBOR interest period. L/C and L/G fees are payable at the time of issuance of the L/C or L/G. Interest on Fixed Rate Loans is compounded monthly and payable monthly in arrears unless otherwise noted. Interest is payable both before and after maturity or demand, default and judgment. Each payment under this Agreement shall be applied first in payment of costs nad expenses, then interest and fees and the balance, if any, shall be applied in reduction of principal. For loans not secured by real property, all overdue amounts of principal and interest shall bear interest from the date on which the same became due until the date of payment at the All-In Rate plus 2% per annum.
Interest Calculation and Payment. (1) This Loan shall bear interest at a rate of 9.8125% per annum (the "Loan Interest Rate"). Interest on the Loan Amount will accrue in the short-term at the Loan Interest Rate specified herein; and in the medium-term and long-term at a rate to be determined annually pursuant to rules set by the People's Bank of China. Interest on the Loan Amount for the first year will accrue at the Loan Interest Rate specified herein.
(2) Interest on the Loan Amount shall accrue on the 20th day of each month and shall be paid monthly.
Interest Calculation and Payment. 3.2.1 The interest shall accrue from the Party A’s actual drawdown date and shall be determined in the following manner (1):
(1) (applicable to RMB, U.S dollar, Euro, and Yen loans) Interest payable shall be calculated based on the following formula: actual drawdown amount x loans interest rate (per annum) x number of days elapsed/360
(2) (applicable to Hong Kong dollar and Singapore dollar loans) Interest payable shall be calculated based on the following formula: actual drawdown amount x loans interest rate (per annum) x number of days elapsed/365
(3) (applicable to RMB discounting) Discount interest shall be calculated based on the following formula: face value of xxxx of exchange x number of days discounted x discount rate (per annum) /360
(4) (applicable to overdraft) Overdraft interest shall be calculated based on the following formula: overdraft amount x daily interest rate. (the overdraft amount shall be calculated based on balance at every day’s close time; during the period of interest accrual, if there is change on interest rate, it shall be calculated separately)
(5) Others: /
3.2.2 Interest payment shall be determined in the following manner (2):
(1) (applicable to foreign currency loans, not applicable to discounting and overdraft) Within the period of this contract, Party B shall calculate and settle interest rate of loans on a quarterly basis, and interest payment day shall be the last day of the last month of every quarter. Where a single loan under a loan receipt shall be fully and completed repaid by Party A, it shall simultaneously settle all loan interest hereunder.
(2) (applicable to RMB loans, not applicable to discounting and overdraft) Within the period of this contract, Party B shall calculate and settle interest rate of loans on a quarterly basis, and interest payment day shall be twentieth-first day of the last month of each quarter. Where a single loan under a loan receipt shall be fully and completed repaid by Party A, it shall simultaneously settle all loan interest hereunder.
(3) (applicable to overdraft) Party B shall calculate and settle overdraft interest on a monthly basis, and interest payment day shall be the last day of each month.
(4) (applicable to discounting) calculated and settled when Party B pays discount amount to Party A.
(5) Others: /
Interest Calculation and Payment. (1) This Loan shall bear interest at a rate of 6.675% per annum (the "Loan Interest Rate"). Interest on the Loan Amount will accrue in the short-term at the Loan Interest Rate specified herein; and in the medium-term and long-term at a rate to be determined annually pursuant to rules set by the People's Bank of China. Interest on the Loan Amount for the first year will accrue at the Loan Interest Rate specified herein. At the end of each year, Lender shall determine the interest rate for the next year based on the legal interest rate at the time for the corresponding rating category and inform Borrower thereof.
(2) Interest on the Loan Amount shall accrue on the 20th day of each month and shall be paid monthly (the "Accrual Date").
Interest Calculation and Payment. Interest computed with reference to the Alternate Base Rate shall accrue from day to day for the actual number of days elapsed and shall be calculated and payable monthly, not in advance, on the last day of each calendar month, or on the next preceding Business Day if the last day of the month is not a Business Day. Interest computed with reference to a LIBO Rate (Reserve Adjusted) shall accrue from day to day for the actual number of days elapsed and shall be calculated and payable at the end of the applicable LIBOR Period. Interest computed with reference to the Alternate Base Rate shall be calculated on the basis of a 365/366-day year, but interest computed with reference to a LIBO Rate (Reserve Adjusted) shall be calculated on the basis of a year of 360 days.
Interest Calculation and Payment. The interest shall be calculated on a 365/365 days basis and paid in common shares at the Conversion Price. For the avoidance of doubt, the Loan shall be issued at par value and if converted, converted into new Shares of the Company. To the extent required by law, the Company will withhold the Swiss withholding tax from any interest payment (currently 35%) and deliver the corresponding documentation to the Lender. If any governmental authority requires the Borrower to deduct or withhold any amount from, or the Lender to pay any present or future tax, assessment, or other governmental charge on, any payment to Lender as a result of the interest payment (“Withholding Payment”), the Borrower will, in addition to paying the Lender such reduced payment, simultaneously pay the Lender such additional amounts such that the Lender receives the full contractual amount of the applicable payment from the Borrower as if no such Withholding Payment had occurred, provided, that Borrower shall not be required to pay such additional amounts with respect to (a) any Withholding Payment that is attributable to any withholding taxes imposed under U.S. law including FACTA, or (b) taxes resulting directly from the Lender changing its jurisdiction of domicile or form of legal entity; or (c) Swiss withholding tax imposed as a result of the Lender assigning any rights under this Agreement to more than one person or Convertible Note Agreement | AC Immune SA, 11 December 2018 5/23 to a person domiciled outside the Unites States or Switzerland. If it should be unlawful under Swiss law to make such additional payments, the applicable interest rate shall be increased to the extent that the Lender receives the full amount that it would have received had no deduction or withholding been made.
Interest Calculation and Payment. Interest on CDN Prime Based Loans and US Prime Based Loans is calculated daily and payable monthly in arrears based on the number of days which the loan is outstanding. Interest on LIBOR Loans is calculated and payable on the earlier of contract maturity or quarterly in arrears and on contract maturity, for the number of days in the LIBOR interest period. Interest is payable both before and after demand, default and judgment. All interest shall be payable at the above referred to rates plus applicable spreads mentioned above. Genlyte Xxxxxx Group Nova Scotia ULC Financing Agreement - December 15th, 1999 DRAWDOWN: As required upon satisfaction of conditions precedent, but no later than December 31st, 1999 (to coincide with expiry of the 90 day Bridge loan with the Toronto-Dominion Bank). CDN PRIME RATE BASED LOANS AND/OR US PRIME RATE BASED LOANS The minimum amount of drawdown by way of CDN Prime Based Loans and/or US Prime Based Loans is $500,000.
Interest Calculation and Payment. 3.1. The Bank undertakes to pay to the Customer an interest at a rate determined by the Bank for the funds held in the Savings Deposit and published at all customer service units of the Bank in Lithuania and is posted on the website xxx.xxxxxxx.xx.
3.2. The interest is calculated from the date depositing the funds on the Savings Deposit up to the withdrawal date, excluding the withdrawal date. The interest is calculated on the basis of the daily balance on the Account and actual number of days for which the funds were held in the Savings Deposit, using 360 as the divider.
3.3. The Bank shall pay the interest to the Savings Deposit or to the Customer’s Account, depending on which one is stated in the Agreement. The Bank disburses the accrued interest on the last Business Day of each calendar quarter.
3.4. The Bank may adjust the interest rate. Changes of the interest rate are published on the Bank website xxx.xxxxxxx.xx and are also available at all the customer service units of the Bank in Lithuania. Unless otherwise specified in the notice, the alterations of the interest rate shall be effective from the date of their publication.
3.5. If the alteration of the interest rate is attributable to the alteration of the Customer’s status in the Bank customers advantage programme, then the interest accrued before the interest rate alteration is paid out on the date of the alteration of the Customer’s status in the Bank customers advantage programme.
