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 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 rate applicable to Base Rate Advances under the Credit, including the margin, compounded monthly. If the Borrower deposits cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender shall pay that Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the 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 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 1% per annum less than the rate applicable to Base Prime Rate Advances under the Credit, including the marginper annum, compounded monthly. If the Borrower deposits with the Lender cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender shall pay that the Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the 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)

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 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 rate applicable to Base Rate Advances under the Credit, including the margin, compounded monthly. If the Borrower deposits cash as Cash Collateral pursuant to a requirement under this Agreement, the Lender shall pay that the Borrower interest on the cash while it continues to be held as Cash Collateral at the best rate offered by the Lender from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: Credit Agreement (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 Lender 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 rate applicable to Base sum of the Prime Rate Advances under the Credit, including the marginplus 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 that the Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the Lender relevant Lenders from time to time for deposits in the relevant currency of comparable size and term.

Appears in 1 contract

Samples: Bridge 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 Lender 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 rate applicable to Base sum of the Prime Rate Advances under the Credit, including the marginplus 2.5 % 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 that the Borrower interest on the cash while it continues to be held as Cash Collateral at the rate offered by the Lender 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)

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