Interest on Term Note Clause Samples
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.
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.
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.
Interest on Term Note. From the Effective Date, the outstanding principal balance under the Term Note shall bear interest on the unpaid principal balance at a rate per annum equal to the Interest Rate.
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.
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.
(b) The Borrower shall pay interest on the Term Loan in arrears on the first day of each month.
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.
Interest on Term Note. Interest shall accrue on the outstanding and unpaid principal balance of the Term Loan as provided in the Term Note.
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.
(b) If the Borrower shall fail to pay on the due date therefor, whether by acceleration or otherwise, any principal owing under the Note, then interest shall accrue on such unpaid principal, and to the extent permitted by law, unpaid interest, from the due date until and including the date on which such amount is paid in full at a rate of interest per annum equal to the sum of two percent (2%) per annum plus the higher of (i) the interest rate otherwise applicable to the Term Loan and (ii) the Base Rate (the "Default Rate").