Common use of Interest on Miscellaneous Amounts Clause in Contracts

Interest on Miscellaneous Amounts. If the Borrower fails to pay any amount payable hereunder (other than principal, interest thereon or interest upon interest which is payable as otherwise provided in this Agreement) on the due date, the Borrower shall, on demand, pay interest on such overdue amount to the Agent from and including such due date up to but excluding the date of actual payment, both before and after demand, default or judgment, at a rate of interest per annum equal to the sum of the Prime Rate plus 2.0% per annum, compounded monthly. If the Borrower deposits cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender or Lenders holding the cash shall pay the Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the relevant Lenders from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: Credit Agreement (Rogers Communications Inc)

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Interest on Miscellaneous Amounts. If the Borrower fails to pay any amount payable hereunder (other than principal, interest thereon or interest upon interest which is payable as otherwise provided in this Agreement) on the due date, the Borrower shall, on demand, pay interest on such overdue amount to the Agent from and including such due date up to but excluding the date of actual payment, both before and after demand, default or judgment, at a rate of interest per annum equal to the sum of the Prime Rate plus 2.02.5 % per annum, compounded monthly. If the Borrower deposits cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender or Lenders holding the cash shall pay the Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the relevant Lenders from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: Credit Agreement (Omega Cabinets LTD)

Interest on Miscellaneous Amounts. If the Borrower fails to pay any amount payable hereunder (other than principal, interest thereon or interest upon interest which is payable as otherwise provided in this Agreement) on the due date, the Borrower shall, on demand, pay interest on such overdue amount to the Agent Lender from and including such due date up to but excluding the date of actual payment, both before and after demand, default or judgment, at a rate of interest per annum equal to the sum of rate applicable to Base Rate Advances under the Prime Rate plus 2.0% per annumCredit, including the margin, compounded monthly. If the Borrower deposits cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender or Lenders holding the cash shall pay the Borrower interest on the cash while it continues to be held as Cash Collateral at the best rate offered by the relevant Lenders Lender from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: International Royalty Corp

Interest on Miscellaneous Amounts. If the Borrower fails to pay any amount payable hereunder (other than principal, interest thereon or interest upon interest which is payable as otherwise provided in this Agreement) on the due date, the Borrower shall, on demand, pay interest on such overdue amount to the Agent Lender from and including such due date up to but excluding the date of actual payment, both before and after demand, default or judgment, at a rate of interest per annum equal to the sum of rate applicable to Base Rate Advances under the Prime Rate plus 2.0% per annumCredit, including the margin, compounded monthly. If the Borrower deposits cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender or Lenders holding the cash shall pay the that Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the relevant Lenders Lender from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: Credit Agreement (Glamis Gold LTD)

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Interest on Miscellaneous Amounts. If the Borrower fails to pay any amount payable hereunder (other than principal, interest thereon or interest upon interest which is payable as otherwise provided in this Agreement) on the due date, the Borrower shall, on demand, pay interest on such overdue amount to the Agent Lender from and including such due date up to but excluding the date of actual payment, both before and after demand, default or judgment, at a rate of interest per annum equal to the sum of 1% per annum less than the Prime Rate plus 2.0% per annum, compounded monthly. If the Borrower deposits with the Lender cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender or Lenders holding the cash shall pay the Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the relevant Lenders Lender from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: Credit Agreement (Jpe Inc)

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