Interest Charge; Offset Sample Clauses

Interest Charge; Offset. In addition to the foregoing, prior to an Exchange Listing, the Managing Members may take one or any combination of the following actions with respect to a Defaulting Member: (i) apply amounts otherwise distributable to such Defaulting Member in satisfaction of all amounts payable by such Defaulting Member; and/or (ii) charge such Defaulting Member interest on the Defaulted Amount and any other amounts not timely paid at the Default Rate from the date such amounts were due and payable through the date that full payment of such amounts is actually made or, if such amounts are not paid, through the end of the Term, and to the extent not paid, such interest charge may be deducted from amounts otherwise distributable to such Defaulting Member. In addition, as may be determined by the Managing Members in any case, such Defaulting Member shall have no further right to make Capital Contributions to the Fund to participate in any Portfolio Investment and such Defaulting Member shall, to that extent, be treated for purposes of Section 5.1 as no longer a Member. Amounts forfeited and not otherwise applied to the payment of expenses specified in Section 5.3(g), plus any interest thereon, shall be distributed to the non-Defaulting Members (x) if such distribution is attributable to a Portfolio Investment, in proportion to their respective Capital Contributions to fund the Cost Basis of such Portfolio Investment, (y) if such distribution is not attributable to a Portfolio Investment, in proportion to their respective Units or that gave rise to such forfeited amount, as reasonably determined by the Managing Members, or (z) if such distribution is to be made upon liquidation, in proportion to their respective shares of liquidating distributions pursuant to Section 11.3. The Managing Member shall cause the Fund to make such distributions as it determines to be appropriate to give effect to the provisions of Section 5.3.
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Interest Charge; Offset. In addition to the foregoing, the Managing Members may: (i) apply amounts otherwise distributable to such Defaulting Member in satisfaction of all amounts payable by such Defaulting Member; and/or (ii) charge such Defaulting Member interest on the Defaulted Amount and any other amounts not timely paid at the Default Rate from the date such amounts were due and payable through the date that full payment of such amounts is actually made or, if such amounts are not paid, through the end of the Term, and to the extent not paid, such interest charge may be deducted from amounts otherwise distributable to such Defaulting Member. In addition, as may be determined by the Managing Members in any case, such Defaulting Member shall have no further right to make Capital Contributions to the Fund to participate in any Portfolio Investment and such Defaulting Member shall, to that extent, be treated for purposes of Section 5.1 as no longer a Member.
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Related to Interest Charge; Offset

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Interest Charges We calculate a Daily Balance for your Account. We maintain separate balances for your Purchases, Cash Advances and special promotional balances (each, a “Balance Type”) and calculate a Daily Balance for each. To determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and credits applied to that Balance Type. We then multiply the resulting balance by the applicable Daily Periodic Rate. The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day. Purchases and Cash Advances are included in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase or Cash Advance is posted to the Account. Cash Advance Fees are included in the Daily Balance of Cash Advances, and all other fees are included in the Daily Balance of Purchases, when posted to the Account. We figure the Interest Charge on your Account for each Balance Type by multiplying your Daily Balance of each Balance Type by the applicable Daily Periodic rate for each day in the billing cycle. At the end of the billing period, we will add up the daily Interest Charges on all Balance Types for each day in the billing period to get the total Interest Charge for the billing period. Interest Charges begin to accrue on Purchases as of the day the Purchase is included in the Daily Balance. However, if you paid the New Balance that was shown on your previous billing statement by the Payment Due Date on that statement, then (1) we will not impose Interest Charges on Purchases during your current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement, and (2) we will credit any payment (to the extent the payment is applied toward Purchases) as of the first day in your current billing period if you make a payment by the Payment Due Date that is less than the current billing period’s New Balance. If a New Balance was shown on your previous billing statement and you did not pay the New Balance by the Payment Due Date on that statement, then we will not impose Interest Charges on any Purchases during the current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement. There is no time period in which you may repay a Cash Advance and avoid imposition of Interest Charges. We may be required to apply your payments to certain balances first. This may impact Interest Charges on Purchases. If you do not pay your New Balance in full each month, then, depending on the balance to which we apply your payment, your new Purchases may be subject to interest. .•MINIMUM CHARGE FOR BILLING PERIOD — For any billing period in which an Interest Charge is imposed on your Account, there is a minimum interest charge of $1.00.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

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