Interest on Term Loan A Sample Clauses

Interest on Term Loan A. Interest on the unpaid principal balance of Term Loan A shall accrue from the date of advance until final payment thereof at a per annum rate of interest equal to 275 basis points in excess of the Term Loan LIBOR Market Rate. As used herein, "Term Loan LIBOR Market Rate" means the rate for one month U.S. dollar deposits as reported on Telerate Page 3750 (or any successor page) as of 11:00 a.m. London Time, on such day, or if such day is not a London business day, then the immediately preceding London business day (or if not so reported, then as determined by Lender from another recognized source or interbank quotation).
Sample 1
AutoNDA by SimpleDocs
Interest on Term Loan A. Interest on the outstanding balance of Term Loan A shall be payable monthly in arrears on the first day of each calendar month at an annual rate of the Prime Rate plus 4.0%, provided, however, that, notwithstanding, any other provision of any Loan Document, the Prime Rate shall be not less than six and one quarter percent (6.25%), in each case calculated on the basis of a 360-day year and for the actual number of calendar days elapsed in each interest calculation period. Interest accrued on Term Loan A shall be due and payable on the first day of each calendar month commencing September 1, 2005, and continuing until the later of the Term Loan A Maturity Date and the full performance and irrevocable payment in full in cash of the Obligations due and owing under Term Loan A pursuant to this Agreement. Advances under the Revolving Facility shall be made automatically for the payment of interest on Term Loan A and other Obligations on the date when due to the extent available and as provided for herein.
Sample 1
Interest on Term Loan A. The principal amount of Term Loan A outstanding from time to time shall bear interest until the Term Loan A Maturity Date at a rate per annum equal to the Prime Rate, plus Applicable Spread II, except that at the option of the Company, exercised from time to time as provided in this Agreement, interest may accrue prior to maturity on that portion or on the entire outstanding balance of Term Loan A as to which no LIBOR-based Rate previously elected remains in effect, at a LIBOR-based Rate (for an Interest Period selected by the Company as provided in this Agreement), plus Applicable Spread II, provided that an election of a LIBOR-based Rate for an Interest Period extending beyond the Scheduled Term Loan A Maturity Date shall be permitted only at the discretion of the Bank. From and after the Term Loan A Maturity Date, and until paid in full, Term Loan A shall bear interest at a per annum rate equal to the Prime Rate, plus Applicable Spread II, plus two percent (2%) per annum, except that as to any portion of Term Loan A for which the Company may have elected a LIBOR-based Rate for an Interest Period that has not expired at the Term Loan A Maturity Date, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate, plus Applicable Spread II, plus two percent (2%) per annum or the London Interbank Offered Rate then in effect, plus Applicable Spread II, plus two percent (2%) per annum. Each change in the rate of interest to be charged with reference to a Prime-based Rate shall become effective on the date of each change in the Prime Rate. Each change in the rate of interest to be charged with reference to a LIBOR-based Rate shall become effective without notice on the commencement of each Interest Period based on the London Interbank Offered Rate for that Interest Period then in effect. With respect to that portion of Term Loan A, if any, which bears interest at the Prime-based Rate, accrued interest shall be due and payable monthly on the last Banking Day of each month until the Term Loan A Maturity Date. With respect to these portions of
Sample 1
Interest on Term Loan A. The Term Loan A will bear interest from disbursement until due (whether at stated maturity, by acceleration or otherwise) at a fixed rate equal to nine and 14/100 percent (9.14%) per annum subject to provisions in CNB's Yield Maintenance Agreement, a copy of which is attached as Exhibit "C". Interest will be payable monthly in arrears on the first day of each month, starting on February 1, 1999, and on the date the Term Loan A is paid in full.
Sample 1
Interest on Term Loan A 
Sample 1Sample 2Sample 3See All (4)

Related to Interest on Term Loan A

  • Interest on Term Loan The 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 Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on the Term Loan Subject to the provisions of Section 2.8, the Term Loan shall bear interest as follows:

  • Interest on Loans (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

  • Interest on the Loan Interest on the Loan shall accrue as set forth in the Note.

  • Interest on Arrears 5.19.1 If the Tenant shall fail to pay the Rents or any other sum due under this Lease within 14 days of the date due whether formally demanded or not (save for Rent or any other sum the amount of which was tote notified by the Landlord who has failed to do so) the Tenant shall pay to the Landlord Interest (compounded on each quarter day) on the Rents or other sum from the date when they were due to the date on which they are paid and such Interest shall be deemed to be rents due to the Landlord

  • Interest on the Loans A. RATE OF INTEREST. Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Adjusted Eurodollar Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Term Loan or any Revolving Loan shall be selected by Company initially at the time a Notice of Borrowing is given (or telephonic notice followed by a Notice of Borrowing) with respect to such Loan pursuant to subsection 2.1B, and the basis for determining the interest rate with respect to any Term Loan or any Revolving Loan may be changed from time to time pursuant to subsection 2.2D. If on any day a Term Loan or Revolving Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the Base Rate.

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 360 days for the actual number of days elapsed) or (ii) the Swing Line Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Revolving Loans The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

Time is Money Join Law Insider Premium to draft better contracts faster.