INTEREST; INTEREST RATES Sample Clauses

INTEREST; INTEREST RATES. Interest shall accrue hereunder from the Issuance Date at eight percent (8%) per annum (the “Standard Rate”) and shall be computed on the basis of a 365/6-day year and the actual number of days elapsed. If this Debenture is not fully paid or converted or redeemed by the Trigger Date or if a Trigger Event (as defined herein) shall have occurred, Interest on this Debenture shall accrue thereafter at fifteen percent (15.0%) per annum (the “Trigger Rate”) and shall be computed on the basis of a 365/6-day year and the actual number of days elapsed. Accrued and unpaid Interest shall be payable in kind only by way of inclusion of such Interest in the Conversion Amount (as defined below) on the Automatic Conversion Date (as defined below) in accordance with Section 3(b)(i), or upon any earlier redemption in accordance with Section 10.
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INTEREST; INTEREST RATES. During the term of this Note: (a) interest of four percent (4%) per annum shall accrue on the outstanding Principal Amount from and including the Issue Date and be payable in cash (“Cash Interest”); and (b) interest of six percent (6%) per annum shall accrue on the outstanding Principal Amount from and including the Issue Date and be payable in shares of Common Stock (“Shares”) in arrears (“PIK Interest,” and together with Cash Interest, “Interest”). All Interest will be computed on the basis of a 360-day year of twelve (12) 30-day months. Interest hereunder will be paid to the Holder or its permitted assignee in whose name this Note is registered on the records of the Company.
Sample 1
INTEREST; INTEREST RATES. Each Borrower promises to pay interest on the unpaid principal amount of each Loan for the period commencing on the date of such Loan until such Loan is paid in full as follows: at all times while such Loan is a Base Rate Loan, at a rate per annum equal to the sum of the Base Rate from time to time in effect plus the Base Rate Margin from time to time in effect; and at all times while such Loan is a LIBOR Loan, at a rate per annum equal to the sum of the LIBOR Rate (Reserve Adjusted) applicable to each Interest Period for such Loan plus the LIBOR Margin from time to time in effect; provided that at any time an Event of Default exists, if requested by the Required Banks, the interest rate applicable to each Loan shall be increased by 2%.
Sample 1
INTEREST; INTEREST RATES. Interest shall accrue hereunder from the Issuance Date at eight percent (8%) per annum (the “Standard Rate”) and shall be computed on the basis of a 365/6-day year and the actual number of days elapsed. From and after the occurrence and during the continuance of any Event of Default, Interest shall accrue hereunder at fifteen percent (15.0%) per annum (the “Default Rate”) and shall be computed on the basis of a 365/6-day year and the actual number of days elapsed. Accrued and unpaid Interest shall be payable by way of inclusion of such Interest in the Conversion Amount (as defined below) on the Automatic Conversion Date (as defined below) in accordance with Section 3(b)(i), or upon any earlier redemption in accordance with Section 10 or any required payment upon any Bankruptcy Event of Default (as defined in Section 4(a) below). In the event that such Event of Default is subsequently cured (and no other Event of Default then exists), Interest at the Default Rate shall cease and instead accrue at the Standard Rate hereunder as of the calendar day immediately following the date of such cure; provided that the Interest as calculated and unpaid at the Default Rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.
Sample 1
INTEREST; INTEREST RATES. Interest shall accrue hereunder from the Issuance Date at ten percent (10%) per annum (the “Standard Rate”) and shall be computed on the basis of a 365/6-day year and the actual number of days elapsed. The Company shall pay Interest to the Holder as set forth above on the aggregate unconverted and then outstanding principal amount of this Debenture at the Standard Rate (with two (2) years of interest being guaranteed and deemed earned in full on the first day following the Subscription Date). If this Debenture is not fully paid or converted or redeemed by the Maturity Date or if a Trigger Event (as defined herein) shall have occurred, Interest on this Debenture shall accrue thereafter at fifteen percent (15.0%) per annum (the “Trigger Rate”) and shall be computed on the basis of a 365/6-day year and the actual number of days elapsed. Accrued and unpaid Interest shall be payable in kind only by way of inclusion of such Interest in the Conversion Amount (as defined below) on the Automatic Conversion Date (as defined below) in accordance with Section 3(b)(i), or upon any earlier redemption in accordance with Section 10.
Sample 1
INTEREST; INTEREST RATES. The interest rate is linked to Bank of England base rate. If the Bank of England base rate changes, we will change the interest rate we offer on new Payback in Instalment plans by the same amount (disregarding any changes to the Bank of England base rate below 0%) within 7 working days. You can see the current Bank of England base rate on their website at: xxxxx://xxx.xxxxxxxxxxxxx.xx.xx. We may also change the interest rates which apply to your account and/or the way interest is calculated based on several factors, such as credit risk and the way you use your account (see Condition 22). We will always inform you what interest rate is applicable to your Payback in Instalment plan every time you choose a plan and in your monthly statement. Also, we will tell you in your statement if the rate available for new Repayment Plans has changed. For some specific Purchases we may offer you a Promotional Payback in Instalment option whereby a preferential interest rate will be applied. This option will be offered to you depending on several factors including, but not limited to, which merchant you are buying from and which instalment plan you select for the Purchase. The promotional terms will be displayed in the Tymit Mobile App when you review and select the plan for the Purchase and in your monthly statement. Transaction Type Interest Rate Purchases which are Next Month Repayments 0% per annum. Purchases which are Promotional Payback in Instalments 0% per annum. New unpaid purchases that are set up to be paid back in 3 0% per annum. Purchases which are Payback in Instalments (in more than 3 months) and purchases which are refinanced to 3 instalments The standard rate of % per annum (linked to Bank of England base rate). We calculate interest on a daily basis from the date each Purchase is added to your Account, until the date that the outstanding balance in relation to each Purchase is repaid in full. An exception to this is if a Purchase is on a Next Month Repayment plan, in which case we will not charge interest on that Purchase if you pay us the total amount outstanding in relation to the Purchase in full when it is due on the next Monthly Repayment Day. If you do not pay us the total amount of the Purchase on the next Monthly Repayment Day, interest will be charged on the outstanding balance in relation to the Purchase at the standard rate from the day after the Monthly Repayment Day until the date you repay the amount in full. When you choose a Payback in In...
Sample 1
INTEREST; INTEREST RATES. Until the Principal Amount is repaid in full, interest of 30 percent (30%) per annum shall accrue on the outstanding Principal Amount from and including the Issue Date and be paid to Holder in arrears in cash on the first business day of each calendar month (the “Interest”). All Interest will be computed on the basis of a 360-day year of twelve (12) 30-day months. Interest hereunder will be paid to the Holder or its permitted assignee in whose name this Note is registered on the records of the Company.
Sample 1
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INTEREST; INTEREST RATES. Until the Principal Amount is repaid in full, interest of twenty percent (20%) per annum shall accrue on the outstanding Principal Amount from and including the Issue Date (the “Interest”) and be paid to Holder in arrears in cash on the first business day of each calendar month, beginning on January 1, 2025. If any payment is more than five (5) Business Days late, Bxxxxxxx agrees to pay Lxxxxx a late charge equal to five percent (5.0%) of such payment (“Late Fee”). The provisions of this Note establishing a Late Fee shall not be deemed to extend the time for any payment due or to constitute a “grace period” giving Borrower a right to cure such default. If any payment becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day. All Interest will be computed on the basis of a 360-day year of twelve (12) 30-day months but charged for the actual number of days elapsed. Interest hereunder will be paid to the Holder or its permitted assignee in whose name this Note is registered on the records of the Company. After the Maturity Date or due date on this Note (whether at the stated maturity, by acceleration, or otherwise), interest shall be charged on the respective principal amount remaining unpaid at a rate specified in the Loan Agreement, until paid.
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Related to INTEREST; INTEREST RATES

  • Interest Rates All outstanding Term Loans to the Borrower shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Base Rate or Adjusted Term SOFR plus the Applicable Margin, but not to exceed the Maximum Rate. If at any time Term Loans are outstanding with respect to which the Borrower has not delivered to the Agent a notice specifying the basis for determining the interest rate applicable thereto in accordance herewith, those Term Loans shall be treated as Base Rate Loans until notice to the contrary has been given to the Agent in accordance with this Agreement and such notice has become effective. Except as otherwise provided herein, the Term Loans shall bear interest as follows: (i) For all Base Rate Loans, at a fluctuating per annum rate equal to the Base Rate plus the Applicable Margin; and (ii) For all SOFR Rate Loans, at a fluctuating per annum rate equal to Adjusted Term SOFR plus the Applicable Margin. Each change in the Base Rate (or any component thereof) shall be reflected in the interest rate applicable to Base Rate Loans as of the effective date of such change. All computations of interest for Base Rate Loans when the Base Rate is determined by the “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). On the last Business Day of each calendar quarter hereafter and on the Termination Date, the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest accrued from the last Business Day of the preceding calendar quarter to the last Business Day of such calendar quarter (or accrued to the Termination Date in the case of a payment on the Termination Date) on all Base Rate Loans in arrears. The Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest on all SOFR Rate Loans in arrears on each SOFR Interest Payment Date.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

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