Interest on LIBOR Advances. The applicable Borrower will pay interest on each LIBOR Advance during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the sum of (i) the LIBO Rate in effect from time to time during such Interest Period plus (ii) the LIBO Rate Margin. Each determination by the Agent of the LIBO Rate and the LIBO Rate Margin applicable from time to time during an Interest Period will, in the absence of manifest error, be binding upon the applicable Borrower. Such interest will be payable in arrears on each Interest Payment Date for such Advance for the period from and including the Drawdown Date or the preceding Conversion Date, Rollover Date or Interest Payment Date, as the case may be, for such Advance to and including the day preceding such Interest Payment Date and will be calculated on the principal amount of the LIBOR Advance outstanding during such period and on the basis of the actual number of days elapsed divided by 360.
Interest on LIBOR Advances. Each LIBOR Advance shall accrue -------------------------- interest during its Term from and including the Drawdown Date to but not including the Repayment Date for such LIBOR Advance at the rate per annum equal to the sum of the Adjusted LIBOR Rate plus the Applicable Margin. The Company shall pay interest on the principal amount of each LIBOR Advance in arrears on the Repayment Date for such LIBOR Advance; provided, however, that if the Term -------- ------- of a LIBOR Advance is more than three months or 90 days, as the case may be, the Company shall pay interest on such LIBOR Advance quarterly in arrears, each such interest payment (except the last) payable on the last day of each three calendar month interval during the Term thereof and the last on the Repayment Date for such LIBOR Advance. The Agent shall notify the Company and the Lenders of its determination of the LIBOR Rate for each LIBOR Advance and the amount of interest due on the Repayment Date and on any quarterly payment date, if applicable, promptly after such determination has been made as herein set forth; provided, however, that the failure to give such notices shall in no way affect -------- ------- the obligation of the Company to pay the amounts specified in this Section 3.3. -----------
Interest on LIBOR Advances. The principal amount of the Libor Advances which at any time and from time to time remains outstanding shall bear interest, calculated daily, on the daily balance of such Libor Advances, from the date of each Libor Advance, at the annual rate (calculated based on a 360-day year) applicable to each of such days which corresponds to the LIBOR applicable to each Selected Amount, plus the Applicable Margin, and shall be effective as and from the date of each Libor Advance up to but not including the last day of the applicable Designated Period. LIBOR shall be promptly transmitted to the Borrower two Banking Days prior to the date on which the Libor Advance is to be made. Such interest shall be payable to the Administrative Agent, in arrears, on the last day of the Designated Period when the Designated Period is 1 to 3 months, and when the Designated Period exceeds 3 months, on the last Business Day of each period of 3 months during such Designated Period, and on the last day of the Designated Period. Any amount of principal of or interest on any such Libor Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall (to the extent permitted by Law) bear interest (both before and after 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 to the sum of (i) the LIBOR in effect from time to time; (ii) the Applicable Margin; and (iii) 2%.
Interest on LIBOR Advances. The Borrower shall pay to the Agent, on behalf of each Lender, interest on its LIBOR Advances outstanding from time to time at a rate per 360 day period equal to the aggregate of the LIBOR Rate and the Applicable Pricing Margin in effect from time to time. Such interest is payable on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three (3) months, on the first Banking Day after the end of such three (3) months after the date of the relevant LIBOR Advance and on the first Banking Day after the end of such three (3) months after the date of the last interest payment thereof, as the case may be. All interest shall accrue from day to day and shall be payable in arrears for the actual number of days elapsed from and including the date of the LIBOR Advance or the previous date on which interest was payable, as the case may be, to but excluding the date on which interest is payable or the last day of the LIBOR Period, as the case may be, both before and after maturity, demand, default and judgment, with interest on overdue principal and interest at the same rate payable on demand. The annual rates of interest to which the rates determined in accordance with the foregoing provisions of this Section 3.3 are equivalent are the rates so determined multiplied by the actual number of days in a period of one year commencing on the first day of the period for which such interest is payable and divided by 365.
Interest on LIBOR Advances. The Borrowers shall pay to the Agent (on behalf of each Applicable Lender in the case of LIBOR Advances under the Syndicate Tranche) or to the Operating Lender (in the case of LIBOR Advances under the Working Capital Tranche) interest on each LIBOR Advance in US Dollars at a rate per three hundred sixty (360) day period equal to the LIBOR Rate. Such interest is payable on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than 90 days, on the 90th day after the date of the relevant LIBOR Advance and on the 90th day after the date of the last interest payment, as the case may be. All interest shall accrue from day to day and shall be payable in arrears for the actual number of days elapsed from and including the date of the LIBOR Advance or the previous date on which interest was payable, as the case may be, to but excluding the date on which interest is payable or the last day of the LIBOR Period, as the case may be, both before and after maturity, demand, default and judgment, with interest on overdue principal and interest at the same rate payable on demand. Interest calculated with reference to a LIBOR Advance shall be calculated on the basis of a year of 360 days and for a term equal to the applicable LIBOR Period or, if a LIBOR Period is longer than 90 days, every 90 days and at the end of the LIBOR Period. In this Agreement, each rate of interest which is calculated with reference to a period (the “deemed interest period”) that is less than the actual number of days in the calendar year of calculation is, for the purposes of the Interest Act (Canada), equivalent to a rate based on a calendar year calculated by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing by the number of days in the deemed interest period.
Interest on LIBOR Advances. The applicable Borrower shall pay interest on the principal amount of each LIBOR Advance from and including the date such LIBOR Advance is made to but excluding the date on which such LIBOR Advance is repaid in full, at a rate per annum equal to LIBOR for each Interest Period applicable to such LIBOR Advance plus the Applicable Margin in effect on the first day of such Interest Period (but subject to any increase or decrease in the Applicable Margin during such Interest Period as a result of a change in a Credit Rating). Interest on each LIBOR Advance shall be computed on the basis of the actual number of days elapsed divided by 360. Interest on LIBOR Advances shall be calculated and payable at the end of the applicable Interest Period except where the Interest Period exceeds three months in duration, in which case such interest shall be calculated and payable at the end of each successive three month portion thereof (determined with reference to the commencement of the Interest Period) and, finally, at the end of such Interest Period.
Interest on LIBOR Advances. The Borrower shall pay interest on each LIBOR Advance during each Interest Period applicable thereto in United States Dollars for LIBOR Advances made under the Revolving Facility at a rate per annum equal to the sum of (i) the LIBO Rate in effect for such Interest Period plus (ii) the LIBO Rate Margin. Each determination by the Agent of the LIBO Rate and the LIBO Rate Margin applicable from time to time for an Interest Period shall, in the absence of manifest error, be binding upon the Borrower. Subject to Section 5.07, such interest shall be payable in arrears on each Interest Payment Date for such Advance for the period from and including the Drawdown Date or the preceding Conversion Date, Rollover Date or Interest Payment Date, as the case may be, for such Advance to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the LIBOR Advance outstanding during such period and on the basis of the actual number of days elapsed divided by 360.
Interest on LIBOR Advances. Each Borrower shall pay to the Lender interest on each LIBOR Advance made to such Borrower at a rate per three hundred sixty (360) day period equal to the LIBOR Rate, plus the Applicable Margin. A change in the Applicable Margin will cause a change in the interest payable as provided for in the definition of "Applicable Margin". Such interest shall be payable on the last day of the applicable LIBOR Period, or, if the LIBOR Period is longer than three (3) months, every three (3) months and on the last day of the applicable LIBOR period. All interest shall accrue from day to day and shall be payable in arrears for the actual number of days elapsed from and including the date of Advance or the previous date on which interest was payable, as the case may be, to but excluding the date on which interest is payable, or the last day of the LIBOR Period, as the case may be, both before and after maturity, demand, default and judgment, with interest on overdue principal and interest at the rate provided for in this Agreement payable on demand. The principal and overdue interest with respect to a LIBOR Advance, upon the expiry of the LIBOR Period applicable to such LIBOR Advance, shall bear interest, payable on demand, calculated at the rates applicable to principal and overdue interest (as the case may be) with respect to US Base Rate Advances.
Interest on LIBOR Advances. The Borrowers shall pay interest -------------------------- on all LIBOR Advances at the aggregate of the Adjusted LIBOR Rate, or the Adjusted Sterling LIBOR Rate, as applicable, for the Interest Period in effect, plus the Applicable Margin for LIBOR Advances. Each Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance made to it outstanding from time to time (i) on each Interest Payment Date with respect to such LIBOR Advance with an Interest Period that does not exceed three months, (ii) at the end of every three months from the commencement of the applicable Interest Period with respect to such LIBOR Advance with an Interest Period longer than three months, (iii) at the date of conversion of such LIBOR Advance (or portion thereof) to a Base Rate Advance, (iv) at maturity of each such LIBOR Advance, and (v) after maturity of such LIBOR Advance (whether by acceleration or otherwise) upon demand.
Interest on LIBOR Advances. The Borrower shall pay interest on each LIBOR Advance during each Interest Period applicable thereto in (i) United States Dollars for LIBOR Advances made under the Revolving Facility and (ii) Euros for LIBOR Advances made under the Term Facility, in each case, at a rate per annum equal to the sum of (A) the LIBO Rate in effect for such Interest Period plus (B) the LIBO Rate Margin. Each determination by the Agent of the LIBO Rate and the LIBO Rate Margin applicable from time to time for an Interest Period shall, in the absence of manifest error, be binding upon the Borrower. Subject to Section 5.08, such interest shall be payable in arrears on each Interest Payment Date for such Advance for the period from and including the Drawdown Date or the preceding Conversion Date, Rollover Date or Interest Payment Date, as the case may be, for such Advance to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the LIBOR Advance outstanding during such period and on the basis of the actual number of days elapsed divided by 360. 30
