Interest on Overdue Principal, Interest and Other Amounts Sample Clauses

Interest on Overdue Principal, Interest and Other Amounts. If the Borrower does not pay when due any principal, interest, Breakage Fee or other amount owed by the Borrower hereunder (whether on any Payment Date, on the Termination Date, by acceleration or otherwise), such overdue amount shall bear interest in U.S. Dollars (both before and after judgment, if applicable), the interest on such overdue amount shall be payable on demand, and the interest on such overdue amount shall be at a rate per annum equal to LIBOR on the LIBOR Determination Date relating to the Interest Period immediately preceding such date of non-payment plus 2.00% per annum from the date of such non-payment to but excluding the date of payment in full of such overdue amount to the Lender (which LIBOR shall change automatically and without notice to the Borrower each Payment Date following such date of non-payment to LIBOR applicable on the LIBOR Determination Date relating to such Payment Date), subject to the provisions of Section 12.25 below.
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Interest on Overdue Principal, Interest and Other Amounts. If the Borrower does not pay when due any principal, interest or other amount owed by the Borrower hereunder (whether on any Payment Date, on the Maturity Date, by acceleration or otherwise), such overdue amount shall bear interest in U.S. Dollars (both before and after judgment), payable on demand, at a rate per annum equal to LIBOR on the LIBOR Determination Date relating to the Interest Period immediately preceding such date of non-payment plus 3.50% per annum from the date of such non-payment to but excluding the date of payment in full of such overdue amount to the Noteholders (which LIBOR shall change automatically and without notice to the Borrower on the first day of each calendar month following such date of non-payment to LIBOR applicable on the LIBOR Determination Date relating to such calendar month); provided, however, that upon the occurrence of a Xxxxxxx Xxxxx Rating Event, each reference to LIBOR in this Section 3.2 shall instead be to COF.
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Interest on Overdue Principal, Interest and Other Amounts. If the Borrower does not pay when due any principal, interest or other amount owed by the Borrower hereunder (whether on any Payment Date, on the Maturity Date, by acceleration or otherwise), such overdue amount shall bear interest in Canadian Dollars (both before and after judgment), payable on demand, at a rate per annum equal to the CDOR on the Reset Date relating to the Interest Period immediately preceding such date of non-payment plus 3.50% per annum from the date of such non-payment to but excluding the date of payment in full of such overdue amount to the Lender (which CDOR shall change automatically and without notice to the Borrower on the first day of each calendar month following such date of non-payment to the CDOR applicable on the Reset Date relating to such calendar month).
Sample 1

Related to Interest on Overdue Principal, Interest and Other Amounts

  • Payment of Principal, Interest and Other Amounts The Trust will duly and punctually pay the principal of and interest, Additional Interest Amounts and Make-Whole Payments, if any, on the Notes according to the terms of the Notes and this Indenture. Amounts withheld under the Code or State or local tax law by any Person from a payment to a Noteholder will be considered as having been paid by the Trust to the Noteholder.

  • Default Interest; Other Amounts Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

  • Interest on Overdue Amounts (a) If an Obligor fails to pay any amount payable by it under the Finance Documents, it must immediately on demand by the Facility Agent pay interest on the overdue amount from its due date up to the date of actual payment, both before, on and after judgment.

  • Interest on Overdue Payments Without limiting the rights of Executive at law or in equity, if the Company fails to make the Lump-Sum Payment or any Gross-Up Payment on a timely basis, the Company shall pay interest on the amount thereof at an annualized rate equal to the rate in effect, at the time such payment should have been made, under the 401(k) Plan for loans to participants in such plan.

  • Payment of default interest on overdue amounts The Borrower shall pay interest in accordance with the following provisions of this Clause 7 on any amount payable by the Borrower under any Finance Document which the Agent, the Security Trustee or the other designated payee does not receive on or before the relevant date, that is:

  • Interest and other amounts Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs, without premium or penalty.

  • Interest and Interest Rate (a) The Designated Securities will bear interest from April [•], 2010 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 3.729%.

  • Interest on Past Due Amounts In addition to the late charge described in Article 14 below, if any installment of Annual Basic Rent or Additional Rent is not paid promptly when due, it shall bear interest at the Default Rate; provided, however, this provision shall not relieve Tenant from any default in the making of any payment at the time and in the manner required by this Lease; and provided, further, in no event shall the Default Rate exceed the maximum rate (if any) permitted by applicable law.

  • Default Interest; Late Charge Following the occurrence and during the continuance of any Event of Default, and regardless of whether or not the Agent or the Lenders shall have accelerated the maturity of the Loans, all Loans shall bear interest payable on demand at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin plus five percent (5.0%) (the “Default Rate”), until such amount shall be paid in full (after as well as before judgment), and the fee payable with respect to Letters of Credit shall be increased to a rate equal to five percent (5.0%) above the Letter of Credit fee that would otherwise be applicable to such time, or if any of such amounts shall exceed the maximum rate permitted by law, then at the maximum rate permitted by law. In addition, the Borrower shall pay a late charge equal to four percent (4.0%) of any amount of interest and/or principal payable on the Loans or any other amounts payable hereunder or under the other Loan Documents, which is not paid by the Borrower within ten (10) days of the date when due (or, in the case of amounts due at the Revolving Credit Maturity Date or Term Loan Maturity Date, as applicable, within fifteen (15) Business Days of such date).

  • Late Charge and Interest on Rent in Default Tenant acknowledges that the late payment by Tenant of any monthly installment of Base Monthly Rent or any Additional Rent will cause Landlord to incur certain costs and expenses not contemplated under this Lease, the exact amounts of which are extremely difficult or impractical to fix. Such costs and expenses will include without limitation, administration and collection costs and processing and accounting expenses. Therefore, if any installment of Base Monthly Rent is not received by Landlord from Tenant within five (5) calendar days after the same becomes due, Tenant shall immediately pay to Landlord a late charge in an amount equal to the amount set forth in Article 1 as the “Late Charge Amount,” and if any Additional Rent is not received by Landlord when the same becomes due, Tenant shall immediately pay to Landlord a late charge in an amount equal to 5% of the Additional Rent not so paid. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the anticipated loss Landlord would suffer by reason of Tenant’s failure to make timely payment. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay any rental installment or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay each rental installment due under this Lease when due, including the right to terminate this Lease. If any rent remains delinquent for a period in excess of five (5) calendar days, then, in addition to such late charge, Tenant shall pay to Landlord interest on any rent that is not so paid from said fifth day at the then maximum rate of interest not prohibited or made usurious by Law until paid.

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