INTEREST; MATURITY DATE Sample Clauses

INTEREST; MATURITY DATE. The outstanding principal balance hereof from time to time shall bear interest (a) on or prior to April 16, 2008 (the "Anticipated Repayment Date"), at a rate per annum equal to six and 74/100 percent (6.74%) (the "Base Rate") and (b) from and after April 17, 2008, at a rate per annum (the "Adjusted Interest Rate") equal to the greater of (i) eleven and 74/100 percent (11.74%) and (ii) the sum of (A) five percentage points (5%) and (B) the average, calculated by linear interpolation (rounded to three decimal places), of the yields of the United States Treasury Constant Maturities with the terms (one longer and one shorter) most nearly approximating those of U.S. Obligations having maturities as close as possible to the 20th anniversary of the Anticipated Repayment Date, as determined by the Holder on the basis of Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities, or such other recognized source of financial market information as may reasonably be selected by the Holder, in each case on the last Business Day of the week immediately prior to the Anticipated Repayment Date. Interest accrued from the date hereof to (and including) June 30, 1998 shall be due and payable on July 1, 1998. Thereafter, payments of interest or principal and interest, as applicable, and other amounts to be paid hereunder shall be made, in arrears, on the first (1st) day of each calendar month, or, if in any calendar month the first (1st) day is not a Business Day, then on the Business Day succeeding the first (1st) day, commencing August 1, 1998 (each, a "Due Date") for the period (the "Debt Service Period") beginning on (and including) the first (1st) day of the calendar month immediately preceding the month in which such Due Date occurs, through (but excluding) the Due Date. Interest shall be computed on the basis of a 360 day year and the actual number of days elapsed in each Debt Service Period.
Sample 1
AutoNDA by SimpleDocs
INTEREST; MATURITY DATE. The outstanding principal balance of the Loan shall bear interest at the rate of five percent (5.0%) per annum (the “Fixed Rate”), calculated from the date of disbursement of the applicable Tranche by Lender to Borrower, until repaid as set forth in this Agreement and the other Loan Documents. Interest on the Loan shall be computed on an actual-day basis of a year equal to 365/366 days, and shall be payable, in arrears, quarterly on each January 1, April 1, July 1, and October 1 following the Initial Funding Date (each such date is defined herein as an “Interest Payment Date”), with the final interest payment being due and payable on the Maturity Date. The Loan shall mature seventy-two (72) months from the Initial Funding Date (the “Maturity Date”). (e.g., if the Initial Funding Date of the Loan were to occur on April 1, 2012, then the Maturity Date would be March 31, 2018).
Sample 1Sample 2
INTEREST; MATURITY DATE. The Note shall bear interest (computed on the basis of actual days elapsed and a 360 day year) on the principal balance outstanding from time to time, from the date of the initial advance until the Note is paid in full at the following rate: [ ] an annual rate of %; [X] an annual rate equal to 0.00% over the Base Rate (the term "Base Rate" means the rate of interest established from time to time by THE NORTHERN NATIONAL BANK as its "base" or "prime" rate); [ ]an annual rate equal to % in excess of the Discount Rate (the term "Discount Rate" means the discount rate on 90-day commercial paper in effect from time to time at the Federal Reserve Bank of Minneapolis) (including, if permitted by P.L. 96-221, section 511, any surcharge thereon); [ ]other:
Sample 1
INTEREST; MATURITY DATE. The Note shall bear interest (computed on the basis of actual days elapsed and a 360 day year) on the principal balance outstanding from time to time, from the date of the initial advance until the Note is paid in full at the following rate: / / an annual rate of __________%;
Sample 1
INTEREST; MATURITY DATE 
Sample 1

Related to INTEREST; MATURITY DATE

  • Final Maturity Date 23 Fitch.........................................................................................23

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Maturity Dates Unless previously terminated in accordance with the terms of this Agreement, the Commitments shall terminate on the Maturity Date.

  • Extension of the Maturity Date (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for one year, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:

  • Interest After Maturity Any amount of the Loans not paid when due, whether at the date scheduled therefor or earlier upon acceleration, shall bear interest until paid in full at a rate per annum equal to the greater of (i) 2.00% in excess of the rate applicable to the unpaid principal amount immediately before it became due, or (ii) 2.00% in excess of the Base Rate in effect from time to time.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Extension of Maturity Date (a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”); provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit 2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to agree to a requested extension shall not obligate any other Lender to agree to such requested extension.

Time is Money Join Law Insider Premium to draft better contracts faster.