Interest on Obligations. All Obligations of Seller to Purchaser which become due and unpaid upon Seller’s Default pursuant to Sections 13 and 14 of this Agreement shall bear interest at the rate of 16% (Sixteen per cent) per annum. Interest will accrue on unpaid Obligations during the period beginning on the tenth day following the date on which Purchaser makes demand on Seller to repurchase the Receivable(s) and ending on the date the Obligations are fully satisfied.
Interest on Obligations. The unpaid Principal balance of the Obligations shall bear interest, and the interest shall be payable, all in the manner provided and at the rates and
Interest on Obligations. The Borrower hereby agrees to pay interest on the unpaid principal amount of each unpaid Obligation for the period commencing on the date of this Agreement until the unpaid principal amount thereof is paid in full, in accordance with the following:
(a) Floating Rate Fundings. Subject to subsection (c) below, while any outstanding principal of a Revolving Note constitutes a Floating Rate Funding, the outstanding principal balance thereof shall bear interest at an annual rate at all times equal to the Floating Rate applicable to such Floating Rate Funding.
(b) Eurodollar Rate Fundings. Subject to subsection (c) below, while any outstanding principal of a Revolving Note constitutes a Eurodollar Rate Funding, the outstanding principal balance thereof shall bear interest for the applicable Interest Period at an annual rate equal to the Eurodollar Rate established with respect such Eurodollar Rate Funding in accordance with Section 2.3, 2.4 or 2.5 hereof.
Interest on Obligations. Interest on the Obligations shall be payable semiannually on January 1 and July 1 of each year commencing July 1, 2022, to and including the date of maturity or prior redemption of the Obligations. Except for the initial period, said interest shall represent the portion of the Payments designated as interest and coming due during the six-month period preceding each Interest Payment Date with respect to the Obligatio ns. The proportionate share of the portion of the Payments designated as interest with respect to any Obligation shall be computed by multiplying the portion of Payments designated as principal with respect to such Obligation by the rate of interest applicable to such Obligation (on the basis of a 360-day year of twelve 30-day months), except that the first portion of the Payments designated as interest shall be for interest from the Closing Date to July 1, 2022.
Interest on Obligations. All sums owed by the Guarantor to BOOM under this Guarantee including, but not limited to, BOOM’s costs and expenses of collection (including legal costs), shall bear interest payable on demand at a rate per annum equal to 8% over either the cost of funds to BOOM or the prime lending rate charged by The Hongkong and Shanghai Banking Corporation Limited from time to time, whichever is the higher, from the date when such sums become payable by the Guarantor hereunder until payment of such sums in full provided that BOOM may vary the prevailing rate of interest from time to time. 責任利息：擔保人按本擔保書規定欠下 BOOM 之一切款項，包括但不限於 BOOM 之各項費用及收款開支（包括法律費用），應於催繳時支付利息。所述利息應以高於相當於 BOOM 投入之資金成本或香港上海匯豐銀行有限公司不時公布之最優惠利率百分之八（8%）以年利率計算（取兩者之中較高者）， 從本擔保書規定擔保人應支付該等款項之日起，計算至該等款項全部支付之日止。惟 BOOM 可不時更改現行利率。
Interest on Obligations. The Company's payment obligations under this Section shall, together with all of Company's other payment obligations under this Agreement, effective at the time of demand made therefor in accordance with this Agreement, bear interest at the Base Rate plus the Applicable Margin, or if not paid within ten (10) days after such demand, at the Default Rate.
Interest on Obligations. Except as otherwise set forth herein, any amount due and owing hereunder and not paid when due shall bear interest payable on demand at the Base Rate plus the Applicable Margin, which interest shall accrue, (x) in the case of amounts owing under Section 2.1(a) hereof, from the date of the payment by Xxxxxxx Xxxxx under the BNY Reimbursement Agreement in respect of which such overdue amount is owed and (y) in the case of all other amounts, from the date such payment is due hereunder.
Interest on Obligations. Interest represented by the Obligations shall be payable semiannually on January 1 and July 1 of each year commencing 1, 20 , to and including the date of payment or prepayment of the amount of principal represented by the Obligations. Except for the initial period, said interest shall represent the portion of the Payments designated as interest and coming due during the six-month period preceding each Interest Payment Date with respect to the Obligations. The proportionate share of the portion of the Payments designated as interest with respect to the Obligations shall be computed by multiplying the portion of Payments designated as principal remaining with respect to the Obligations (whether paid as a result of mandatory prepayment or maturity) by % (on the basis of a 360-day year composed of twelve (12) months of thirty (30) days each), except that the first portion of the Payments designated as interest shall be for interest from the date of initial execution and delivery to 1, 20 , and that during any period when an Event of Default or an Event of Taxability Exists, such rate shall instead be the Default Rate or the Taxable Rate, respectively. Section 2.5. Form. The Obligations shall be in fully registered, physically certificated form, registered in the name of the Owner, substantially in the form set forth in Exhibit A hereto.
Interest on Obligations. All Obligations shall be payable by you to us on demand and shall bear interest, payable monthly on the average daily balance of amounts advanced or charged to you hereunder, at the rate (“Effective Rate”) per annum (based on a 360 day year) of 2% in excess of the prime commercial interest rate as published in the Money Rates section of the Wall Street Journal (Eastern Edition) from time to time as the “Prime rate”. Each change in such fluctuating interest rate shall take effect simultaneously with the corresponding change in the Prime Rate. If more than one such Prime Rate is published, the highest prime Rate shall be applicable. If the Wall Street Journal ceases to be published or goes on strike or is otherwise not published for any period of time or if it ceases to publish a Prime Rate, then Lender shall in its reasonable discretion utilize any similar published prime or base rate of interest utilized for Obligations comparable to these Obligations; provided, however, that in the event the amount owing to us shall at any time exceed the Advance Percentage of aggregate Factor Risk Receivables, you agree to pay us, as additional compensation, interest at the rate which is 2% per annum above the Effective Rate until the time as the Advance Percentage is no longer being exceeded. Whenever the Prime Rate is changed, an equal change shall be made in the Effective Rate simultaneously with such change in the Prime Rate. In no event, however, shall the Effective Rate be less than 5.25% per annum (based on a 360 day year) nor shall the rate of interest payable hereunder be more than the maximum rate of interest permitted to be charged under applicable law. Any excess amount of interest paid shall deemed to be a payment of principal otherwise due hereunder. In computing interest payable hereunder, amounts received by us for your account shall be credited thereto 3 business days following our receipt thereof to allow for the collection of checks and other instruments. In the event that your account has collected matured funds at any time, we shall pay you interest thereon at the Prime rate minus two and one-half (2 ½) percent per annum.
Interest on Obligations. If a Party is obligated to pay money to the other Party, the payment obligation shall accrue interest at the Default Rate from and after the date on which the payment obligation is due until it is paid.
