Interest on Advance Sample Clauses

Interest on Advance. 1. In the event of any advance made by the Issuing Bank under the standby L/C, the Applicant shall repay the principal of and interest on such advance. The interest on the advance shall accrue from the date on which the advance has been actually made by the Issuing Bank. The interest in US dollar shall be London Interbank Offered Rate (LIBOR) +5%.
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Interest on Advance. During each Interest Period (as defined in this Clause 1.05) from the date the Advance is disbursed until the final Payment Date, interest shall accrue hereunder on the outstanding principal amount of the Advance at the following per annum rate (the "Interest Rate") for each Interest Period: the Barbados prime lending rate as determined by the Lender from time to time, less two hundred (200) basis points or such increased or reduced rate of interest as may from time to time be in force under the provisions of this Agreement; The first "Interest Period" hereunder begins on (and includes) the Loan Date and ends three (3) calendar months thereafter. Each subsequent "Interest Period" begins on (and includes) the Payment Date occurring one day after the final day of the preceding Interest Period and ends three (3) calendar months thereafter; provided that the Interest Period that includes the final Payment Date hereunder ends on that final Payment Date.
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Interest on Advance. General. Interest on the Advance shall accrue at a rate of twelve (12%) per cent per annum, calculated daily on the Principal Outstanding, compounded monthly and payable in US Dollars when the Advance becomes due and payable in full.
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Interest on Advance 
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Related to Interest on Advance

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on the Loan Interest on the Loan shall accrue as set forth in the Note.

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Late Payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Revolving Loans The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin.

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