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Interest on Term Loan Sample Clauses

Interest on Term Loan. (a) So long as no Event of Default has occurred and is continuing, the Borrower shall pay interest on the Term Loan as follows: (i) the Base Rate Loans shall bear interest for the period commencing with the respective Drawdown Dates thereof and ending on the last day of the Interest Period with respect thereto at the rate per annum which is equal to the sum of (A) the Base Rate PLUS (B) the Base Rate Margin as in effect from time to time, (ii) each Eurodollar Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at the rate per annum which is equal to the sum of (A) the Eurodollar Rate determined for such Interest Period PLUS (B) the Eurodollar Rate Margin as in effect from time to time, and (iii) the Borrower promises to pay interest on each Term Loan in arrears on each Interest Payment Date with respect thereto. (b) While an Event of Default is continuing, but prior to maturity, whether by acceleration or otherwise, amounts payable with respect to the Term Note and the Term Loan Note shall bear interest (compounded monthly and payable at maturity) at a rate per annum which is equal to the sum of (A) the applicable rate of interest determined by reference to Section 3.6(a) PLUS (B) 7% per annum, until such amount is paid in full (after as well as before judgment) or until such Event of Default has been cured or waived in writing in accordance with Section 16.4 hereof. (c) On and after maturity, whether by acceleration or otherwise, the Term Loan shall bear interest (compounded monthly and payable on demand) at a rate per annum which is equal to the sum of (A) the rate of interest applicable to a Base Rate Revolving Credit Loan when no Event of Default has occurred and is continuing (i.e., the Base Rate plus the Base Rate Margin then in effect) PLUS (B) 7% per annum, PROVIDED, HOWEVER, the amount of interest payable pursuant to Section 3.6(b) which is in excess of that certain rate of interest applicable to the Revolving Credit Loans or Unpaid Reimbursement Obligations pursuant of Section 2.9(b) shall, except to the extent paid from the proceeds of the Real Estate Collateral pursuant to Section 11.4(b), be subordinated and junior in right of payment to the Borrower's obligations in respect of the Revolving Credit Loans and Reimbursement Obligations. (d) Notwithstanding any other provision of this Agreement, no Term Loan shall bear interest at an Applicab...
Interest on Term LoanThe Credit Agreement is hereby further amended by deleting ss. 4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:
Interest on Term LoanExcept as otherwise provided in Section 6.13: (a) To the extent that all or any portion of the Term Loan bears interest at the Base Rate, the Term Loan or such portion shall bear interest at the rate per annum equal to the Base Rate plus the Applicable Margin as in effect from time to time applicable to all or any portion of the Term Loan bearing interest at the Base Rate. (b) To the extent that all or any portion of the Term Loan bears interest at the LIBOR Rate, the Term Loan or such portion shall bear interest during the applicable Interest Period at the rate per annum equal to the LIBOR Rate determined for such Interest Period plus the Applicable Margin as in effect from time to time applicable to all or any portion of the Term Loan bearing interest at the LIBOR Rate. (c) The Borrowers promise to pay interest on the Term Loan or any portion thereof in arrears on each Interest Payment Date with respect thereto.
Interest on Term Loan. (a) Except as otherwise provided in §4.10, the outstanding amount of each Term Loan shall bear interest during each Interest Period relating to all or any portion of such Term Loan at the following rates: (i) To the extent that all or any portion of a Term Loan bears interest during such Interest Period at the Base Rate, such Term Loan or such portion shall bear interest during such Interest Period at a rate equal to the Base Rate for such Interest Period plus the Applicable Margin for Term Loans which are Base Rate Loans. (ii) To the extent that all or any portion of a Term Loan bears interest during such Interest Period at the LIBOR Rate, such Term Loan or such portion shall bear interest during such Interest Period at a rate equal to the LIBOR Rate for such Interest Period plus the Applicable Margin for Term Loans which are LIBOR Rate Loans.
Interest on Term Loan. (a) Subject to Section 2.05, the Term Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) on the principal amount thereof from time to time outstanding, from the date of the making of such Term Loan until such principal amount is repaid in full, at a rate per annum equal to 12% (the “Interest Rate”), provided that such interest that has accrued during such period may be capitalized on such Interest Payment Date and added to the outstanding principal amount of the Term Loan. For purposes of this Agreement and the other Loan Documents, the amounts so capitalized hereunder shall bear interest in accordance with this Section 2.04 as though such amounts constituted a Term Loan made by the Lender hereunder. (b) Accrued interest on the Term Loan shall be payable monthly in arrears, on the first Business Day of each month (the “Interest Payment Date”), commencing on November 1, 2005, at maturity (whether by acceleration or otherwise), and after such maturity on demand. (c) The Borrower shall repay the entire unpaid balance of the Term Loan (including, without limitation, all capitalized interest thereon) and all accrued and unpaid interest thereon on the Termination Date.
Interest on Term Loan. The Term Loan shall bear interest from the Conversion Date to the date the Term Loan is paid in full at a rate per annum equal to the Lender Rate as determined by the Lender pursuant to Section 2.5 hereof. Interest on the Term Loan shall be paid by the Authority to the Lender, for the account of the Lender, monthly in arrears on each Interest Payment Date. Interest on the Term Loan shall be calculated on the basis of a year of 365 or 366 days, as applicable based on the actual number of days elapsed. Not less than two (2) Business Days prior to each Interest Payment Date, the Lender shall deliver to the Authority and the Trustee written notice, upon which the Authority and the Trustee may conclusively rely, of the amount of interest due and payable on the Term Loan on such Interest Payment Date; provided, however, that the failure by the Lender to provide notice of the amount of interest due and payable shall not relieve the Authority of its obligation to make payment of amounts as and when due hereunder.
Interest on Term LoanExcept as otherwise provided in 4.7 or 5.6, any Term Loan advanced hereunder shall bear interest during each Interest Period relating to all or any portion of the Term Loan at a rate to be determined, based on prevailing market rates for borrowers with similar credit profiles and ratings, and otherwise acceptable to the Administrative Agent and the Term Loan Lenders. The Borrowers jointly and severally promise to pay interest on the Term Loan or any portion thereof outstanding during each Interest Period in arrears on each Interest Payment Date applicable to such Interest Period and on the Term Loan Maturity Date. Any change in the interest rate resulting from a change in the Base Rate is to be effective at the beginning of the day of such change in the Base Rate.
Interest on Term Loan. Effective as of June 30, 1999, and except as otherwise provided in ss.8.9, the Term Loan shall bear interest during each Interest Period relating to all or any portion of the Term Loan at the rate per annum equal to the Base Rate plus seven percent (7%) per annum. Notwithstanding anything to the contrary contained herein, no portion of the Term Loan shall bear interest determined by reference to the Eurodollar Rate.
Interest on Term Loan. (a) The Borrower shall pay interest on the Term Loan at LIBOR for the applicable Interest Period then in effect plus 1.875% per annum. To the extent the Term Loan is required to be converted to a Base Rate Loan hereunder, the Borrower shall pay interest thereon at the Base Rate in effect from time to time plus the Base Rate Margin. (b) Following the occurrence of an Event of Default, and in any event after acceleration, the Borrower shall pay interest (“Default Interest”) with respect to a Eurodollar Loan, at the rate otherwise applicable for the then-current Interest Period plus an additional 2.00% per annum until the last day of such Interest Period, and thereafter, and with respect to a Base Rate Loan and all other Obligations under this Agreement (other than the Term Loan), at the Base Rate plus the Base Rate Margin plus 2.00% per annum.
Interest on Term Loan. The outstanding principal amount of the Term Loan shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as the Term Loan is a Base Rate Loan, the Derived Base Rate, (ii) during such periods as the Term Loan is a Term SOFR Loan, the Derived Term SOFR Rate, and (iii) during such periods as the Term Loan is a Daily Simple SOFR Loan, the Derived Daily Simple SOFR Rate.