Interest on Term Note Sample Clauses

Interest on Term Note. On July 1, 2008, Ford shall cause the LLC to deposit $142,500,000 in the TAA. This amount represents the first 9.50% interest payment payable under the terms of the Term Note (i.e., interest from January 1, 2008 to the Interest Payment Date (as defined in the Term Note)). If $142,500,000 is not deposited in the TAA on July 1, 2008, Interest shall accrue on such amount from and including July 1, 2008 to but excluding the date of deposit. If prior to the transfer of the Term Note pursuant to Section 8.E of this Settlement Agreement, any additional interest payments are payable under the terms of the Term Note, Ford shall cause the LLC to make such deposits in the TAA.
Sample 1Sample 2
AutoNDA by SimpleDocs
Interest on Term Note. On July 1, 2008, Ford caused the LLC to deposit $142,500,000 in the TAA. This amount represented the 9.50% interest payment payable semi-annually under the terms of the Term Note (i.e., interest from January 1, 2008 to, but excluding, the Interest Payment Date (as defined in the Term Note) occurring on July 1, 2008). On January 2, 2009, Ford caused the LLC to deposit $142,500,000 in the TAA. This amount represented the 9.50% interest payment payable semi-annually under the terms of the Term Note (i.e., interest from July 1, 2008 to, but excluding, the Interest Payment Date occurring on January 1, 2009). On July 1, 2009, Ford caused the LLC to deposit in the TAA the interest payment payable under the terms of the Term Note on such Interest Payment Date. If applicable, Ford shall cause the LLC to deposit in the TAA any subsequent interest payment payable under the terms of the Term Note on any subsequent Interest Payment Date prior to the Implementation Date, and, in such case, the principal amounts and other terms of New Note A and New Note B shall be reduced and adjusted correspondingly.
Sample 1Sample 2
Interest on Term Note. Interest on the Term Note shall accrue at a variable rate equal to the greater of the floating National Prime Rate, plus 50 basis points or 4.5% prior to acceleration or maturity and 6% in excess of the floating National Prime Rate in effect from time to time after maturity, whether by acceleration or otherwise.
Sample 1
Interest on Term Note. Interest shall accrue on the outstanding and unpaid principal balance of the Term Loan as provided in the Term Note.
Sample 1
Interest on Term Note. The Outstanding principal balance of the Term Loan shall bear interest from the period commencing with the Drawdown Date thereof at a rate equal to the aggregate of the Prime Rate plus the Applicable Margin. The Borrower shall pay interest on the Outstanding principal balance of the Term Loan in arrears on the first day of each month, commencing April 1, 2000.
Sample 1
Interest on Term Note. (a) Except as otherwise provided herein, interest shall accrue on the unpaid principal amount of the Term Note at LIBOR for consecutive Interest Periods of 1 month, plus an additional fifty-five one-hundredths of one percent (0.55%) per annum.
Sample 1
AutoNDA by SimpleDocs
Interest on Term Note. The Term Loan shall continue to bear interest on the unpaid principal balance outstanding thereunder from time to time at a per annum rate equal to the Prime Rate, such rate to change simultaneously with any change in the Prime Rate; provided, however, that after maturity, whether by acceleration or otherwise, the overdue principal and, to the extent permitted by law, overdue interest at maturity in respect of the Term Note shall bear interest, payable on demand, at the rate per annum otherwise in effect hereunder plus two percent (2%), such rate to change simultaneously with any change in the Prime Rate. Interest shall be payable monthly, in arrears, commencing on September 1, 2000, and on the first day of each month thereafter, as long as there is any unpaid balance under the Term Note.
Sample 1
Interest on Term Note. (a) The Term Loan shall bear interest at a per annum rate equal to the aggregate of the Base Rate plus the Applicable Margin.
Sample 1

Related to Interest on Term Note

  • 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 Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Late Payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

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

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

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