Interest Interest Periods Sample Clauses

Interest Interest Periods. Conversion/Continuation 21 Section 2.5. Notes, Etc. 23 Section 2.6. Fees 24 Section 2.7. Termination and Reduction of Revolving Commitments 24 Section 2.8. Repayments and Prepayments 25 Section 2.9. Manner of Payment 25 Section 2.10. Pro Rata Treatment 26 Section 2.11 Sharing of Payments 27 Section 2.12. Mandatory Suspension and Conversion of Euro-Dollar Rate Loans 27 Section 2.13. Regulatory Changes 28 Section 2.14. Compensation for Funding Losses 29 Section 2.15. Certificates Regarding Yield Protection, Etc. 29 Section 2.16 Taxes 29 Section 2.17. Applicable Lending Office; Discretion of Lenders as to Manner of Funding 30 Section 2.18. Increases in Revolving Commitment 30 ARTICLE 3 CONDITIONS TO LOANS 31 Section 3.1. Closing Conditions 31 Section 3.2. Conditions Precedent to Loans 32 ARTICLE 4 REPRESENTATIONS AND WARRANTIES 33 Section 4.1. Organization, Powers and Good Standing 33 Section 4.2. Authorization, Binding Effect, No Conflict, Etc. 33 Section 4.3. Financial Information 34 Section 4.4. No Material Adverse Changes 34 Section 4.5. Litigation 34 Section 4.6. Agreements: Applicable Law 34 Section 4.7. Taxes 34 Section 4.8. Governmental Regulation 35 Section 4.9. Margin Regulations/Proceeds of Loans 35 Section 4.10. Employee Benefit Plans 35 Section 4.11. Disclosure 35 Section 4.12. Solvency 35 Section 4.13. Title to Properties 36
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Interest Interest Periods. 16 CLAUSE 6................................................................. 19
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Interest Interest Periods. 7.1 Subject to Clause 7.2, the Borrower shall pay interest on the Term Loans (excluding the Subordinated Term Loan) and on any Drawing on each Interest Payment Date calculated in arrears, at a rate determined by the Facility Agent to be the aggregate of EURIBOR/NIBOR/LIBOR (as applicable), the Applicable Margin and Mandatory Cost, if any. If the Interest Period is longer than 6 months, accrued interest shall be paid every six months during that Interest Period and on the last day of that Interest Period. The Borrower shall pay a fixed rate of interest equal to 8.00% per annum on the Subordinated Term Loan, 50% of the accrued interest is payable quarterly on each 30 March, 30 June, 30 September and 30 December and the remaining 50% shall accumulate annually and be payable on its Final Maturity Date. 7.2 The Borrower may select an Interest Period for a Term Loan (except the Subordinated Term Loan) in the Drawdown Notice for that Loan or, if the relevant Loan has already been borrowed, in a Renewal Notice. A Renewal Notice substantially in the form of Schedule 6 may be delivered to the Facility Agent at the latest 10:00 a.m. three Banking Days before the expiry of the current Interest Period. In the period until the earlier of (i) ninety days from the date of this Agreement and (ii) completion of the Merger (“Trigger Date”), borrowings under Term Loan A and the Subordinated Term Loan shall have interest periods of one month or less. The initial borrowings made under the respective mentioned facilities shall have an interest period of one month. The interest period for subsequent borrowings within the initial interest period made under Term Loan A and the Subordinated Term Loan shall be selected to ensure that the interest periods for all outstanding borrowings under the respective facility shall end on the same date. The same mechanism shall apply for any subsequent interest period prior to the Trigger Date. 7.3 In the event that an Obligor fails to pay any amount payable by it under a Finance Document on its due date, default interest shall accrue and be payable according to the provisions of Clause 19.5. 7.4 If an installment will fall due during the Interest Period to be nominated, a separate Interest Period ending on such installment date, cf. Clause 8.1, shall be nominated for an amount equal to the installment due.
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Interest Interest Periods. The Applicable Rate for the New Term Loans and the New Revolving Loans shall be the same as the Applicable Rate that applies to the Existing Term Loans and the Existing Revolving Loans of the same Type, respectively. All Interest Periods applicable to Existing Term Loans and Existing Revolving Loans shall continue in effect after the Seventh Amendment Effective Date. The New Term Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Rate Loans, with such Borrowing to be subject to (x) Interest Periods which commence on the Seventh Amendment Effective Date and end on the last day of the Interest Periods applicable to the Existing Term Loans and (y) the Eurodollar Rates applicable to the Existing Term Loans for such Interest Periods. The New Term Loans of each Lender shall be allocated ratably to such Interest Periods (based upon the relative principal amounts of Borrowings of the Existing Term Loans subject to such Interest Periods immediately prior to the Seventh Amendment Effective Date), with the effect being that the New Term Loans that are funded in cash on the Seventh Amendment Effective Date shall be ratably allocated to the various Interest Periods as described above. The Administrative Agent shall record the New Term Loans in the Register, and the principal amounts and stated interest of the New Term Loans owing to the New Term Loan Lenders and their subsequent permitted assignees. From and after the Seventh Amendment Effective Date to the first Interest Payment Date to occur after the Seventh Amendment Effective Date, the Administrative Agent shall make all payments in respect of interest on the New Term Loans to the New Term Loan Lenders for amounts which have accrued on the New Term Loans from the Seventh Amendment Effective Date to but excluding such Interest Payment Date (and to the extent any New Term Loan Lender assigns all or any portion of the New Term Loans during such period, such payment shall be made in accordance with Section 2 on Annex 1 to the applicable Assignment and Assumption).
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Interest Interest Periods. 20 Section 2.07. Prepayments 21 Section 2.08. Breakage Costs 22
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Interest Interest Periods. SECTION 6.....................................................................15
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Interest Interest Periods. 5.1 INTEREST 5.1.1
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Interest Interest Periods 
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Related to Interest Interest Periods

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that: (i) the Interest Period shall commence on the date of advance of or conversion to any LIBOR Rate Loan or and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided, that if any Interest Period with respect to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; (iii) any Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such Interest Period; (iv) no Interest Period shall be permitted to extend beyond the Termination Date; and (v) there shall be no more than five (5) Interest Periods outstanding at any time.

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Determination of Interest Periods The length of each Interest Period shall be as requested by the Borrowers under clause 3.2 but so that: 3.3.1 the first Interest Period in respect of each Tranche shall start on the Drawdown Date in respect of the first Advance in respect of that Tranche, and each subsequent Interest Period shall start on the last day of the previous Interest Period; 3.3.2 the first Interest Period in respect of each subsequent Advance shall commence on its Drawdown Date and terminate simultaneously with the Interest Period which is then current for the Tranche under which the Advance is made available; 3.3.3 if any Interest Period would otherwise overrun a Repayment Date, then, in the case of the last Repayment Date, such Interest Period shall end on such Repayment Date, and in the case of any other Repayment Date the relevant Tranche shall be divided into parts so that there is one part in the amount of the repayment instalment due on each Repayment Date falling in that Interest Period and having an Interest Period ending on the relevant Repayment Date and another part consisting of the balance of the relevant Tranche having an Interest Period ascertained in accordance with the other provisions of this clause 3; and 3.3.4 if the Borrowers fail to specify the length of an Interest Period in accordance with the provisions of clause 3.2 and this clause 3.3 such Interest Period shall last three months or such other period as complies with this clause 3.3.

  • Duration of Interest Periods 13 2.6 Interest Rates and Payments of Interest............................................. 14 2.7 Changed Circumstances............................................................... 14 2.8 The Loan Account.................................................................... 15 2.9 Statement of Loan Account........................................................... 16 2.10 Payments and Prepayments of the Loans............................................... 16 2.11

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be: (a) 3 or 6 months; or (b) such other period (as proposed by the Borrower to the Agent not later than 11:00 a.m. (Hamburg time) 5 Business Days before the commencement of the Interest Period) as the Agent may, with the authorisation of the Majority Lenders, agree with the Borrower (failing which the Interest Period shall be three months).

  • Selection of Interest Periods (a) A Borrower may select an Interest Period for a Loan in the Utilisation Request for that Loan. (b) Subject to this Clause 9, a Borrower may select an Interest Period of one (1), two (2), three (3) or six (6) months or any other period agreed between the Borrower and the Agent (acting on the instructions of all the Lenders). (c) An Interest Period for a Loan shall not extend beyond the Termination Date. (d) Each Interest Period for a Loan shall start on the Utilisation Date. (e) A Loan has one Interest Period only.

  • Rest Periods All employees shall have two (2), fifteen (15) minute rest periods in each work period in excess of six (6) hours, one (1) rest period to be granted before and one (1) after the meal period. Employees working a shift of three and one-half (3½) hours, but not more than six (6) hours, shall receive one (1) rest period during such a shift. Rest periods shall not begin until one (1) hour after the commencement of work or not later than one (1) hour before either the meal period or the end of the shift. Rest periods shall be taken without loss of pay to the employees.

  • Rest Period During each normal work day, Saturdays, Sundays, and shift work, employees will be entitled to two (2) ten (10) minute paid rest periods to be scheduled and observed. When working a four (4) day, ten (10) hour schedule, the rest period will be fifteen (15) minutes each. - one (1) rest period at the mid-way point of the first half of the normal hours of work; - one (1) rest period at the mid-point of the second half of the normal hours of work. Rest period will be measured from ceasing work to commencement of labour and will be taken at a time determined by the employer.

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