Interest on Accounts. All interest paid or other earnings on the Permitted Investments made hereunder shall be income of the applicable Borrower and applied in the manner and priority set forth in Section 2.11(d) hereof.
Interest on Accounts. All interest paid or other earnings on the Permitted Investments made hereunder shall be deposited into the Cash Collateral Account and shall be subject to allocation and distribution like any other monies deposited therein.
Interest on Accounts. 12.1 We will pay interest (or charge negative interest, where applicable) at our prevailing interest rate for any interest bearing Account and where interest is payable to you, such interest shall be calculated in such manner as prescribed by us from time to time.
(a) Where interest is payable to you, such interest will be credited to your Account on a monthly basis or at such other intervals as we may determine from time to time. For the avoidance of doubt, no interest will accrue or be paid by us on any balances in a dormant Account.
(b) Where negative interest is chargeable on your Account, such interest will be debited from your Account at such intervals as we may determine from time to time.
12.2 Notwithstanding any provision to the contrary in this Agreement and/or any Applicable Agreement, we reserve the right to do any of the following from time to time and under any circumstances as we may reasonably deem fit (including but not limited to, where market rates (based on the currency in which your deposit is denominated) fall below zero:
(a) reduce, suspend or stop the payment of interest on any credit balance in your Account;
(b) impose zero or negative interest rates on your Account, and you shall pay us the relevant fees and charges and any amount owing to us (including negative interest, service fees, if any); DBS Bank Ltd., Singapore 17 Co. Reg. No. 196800306E
(c) impose and debit such fees or charges from your Account; and/or
(d) in the case of Deposits, revise the Deposit Period.
Interest on Accounts. We will pay interest at our prevailing interest rate for any interest bearing Account and such interest shall be calculated in such manner as prescribed by us from time to time. Interest will be credited to your Account on a monthly basis or at such other intervals as we may determine from time to time. For the avoidance of doubt, no interest will accrue or be paid by us on any balances in a dormant Account.
Interest on Accounts. All interest paid or other earnings on the Eligible Investments made hereunder shall be deposited into the Central Account and shall be allocated to the Basic Sub-Account which contained the funds with respect to which such interest was paid or other earnings earned. All such interest and earnings shall be treated as Revenue. Except during a DSCR Restricted Period, a Franchise Restricted Period, an Operative Period or any period when an Event of Default has occurred and is continuing, all such interest paid or other earnings earned with respect to funds in the Basic Carrying Costs Sub-Account and the Debt Service Payment Sub-Account shall, after each anniversary of the Closing Date, at Lender's option, either be paid over to Borrowers or, on notice to Borrowers, credited against the amounts payable by Borrowers on the next Due Date. Except for amounts to be paid or credited to Borrowers pursuant to the preceding sentence, all interest paid or earnings earned with respect to funds on deposit in any Basic Sub-Account shall be retained in such Basic Sub-Account and disbursed pursuant to Section 2.7.7.
Interest on Accounts. 19.1 We will pay interest on the credit balances in your Accounts at the Credit Interest Rate.
19.2 We may vary the Credit Interest Rate from time to time as set out in paragraph 25 (Variations).
19.3 Interest will be calculated daily using the applicable Day Count Convention (see the definition in Part 5 (Definitions) for an explanation of what this means).
19.4 Interest will be paid monthly in arrears. The first payment of interest is made on the last day of the calendar month when you opened the Reference Account.
19.5 Where you have an Income Account in a particular Available Currency, we will credit all interest earned on credit balances on Accounts in that Available Currency to that Income Account net of any withholding taxes that we may be required to deduct under Applicable Law.
19.6 Where interest is paid in respect of credit balances on an Income Account, we will credit that Income Account with the interest earned net of any withholding taxes that we may be required to deduct under Applicable Law, or any withholding we may make under paragraph 30 (Our reporting requirements).
19.7 We may set-off the credit interest earned against any debit interest payable by you in the same period and in the same Available Currency. For information about our rights of set- off, please see paragraph 27 (Set-Off).
19.8 Where you ask us to close an Account before the date on which interest is to be paid, we will calculate the accrued interest we owe you and credit the relevant Account or Income Account before closing it and/or the corresponding Income Account.
Interest on Accounts. All interest paid or other earnings on the Permitted Investments of funds deposited into the Central Account made hereunder shall be deposited into the Central Account and, until such Sub-Account is fully funded, shall be allocated to the Sub-Account which contained the funds with respect to which such interest was paid or other earnings earned. All such interest and earnings, once so allocated, shall be treated as Rent allocated to such Sub-Account. All interest paid or other earnings on funds deposited into the Rent Account shall be deposited into the Rent Account and shall be treated as Rent deposited into such account as of the day such interest and earnings are deposited therein.
Interest on Accounts. All interest paid or other earnings on the Permitted Investments made hereunder shall be deposited into the Mezzanine Cash Collateral Account and shall be subject to allocation and distribution like any other monies deposited therein.
Interest on Accounts. Except as may be expressly provided otherwise in this Agreement, all amounts owed by the Borrower to the Administrative Agent and to any of the Lenders, which are not paid when due (whether at stated maturity, on demand, by acceleration or otherwise) shall (to the extent permitted by Law) bear interest (both before and after default and judgment), from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the sum of the Canadian Prime Rate in effect from time to time, the Applicable Margin and 2%.
Interest on Accounts. Except as may be expressly provided otherwise in this Agreement, all amounts owed by the Borrower to the Administrative Agent and to any of the Lenders, which are not paid when due (whether at stated maturity, on demand, by acceleration or otherwise) shall bear interest (both before and after default and judgment), from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the sum of the U.S. Prime Rate in effect from time to time, the Applicable Margin and 2%.
