Interest on the Loan Sample Clauses

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

Interest on the Loan. (1) The Borrower shall pay to the Agent, for and on behalf of the Lenders, on the Interest Payment Date, Interest on the Outstanding Amount from the Advance Date to the date of payment at the relevant Interest Rate. (2) The Borrower may, at its option, from time to time, notify the Agent of the chosen Interest Period to apply in respect of the Loan by providing to the Agent not less than six (6) Business Days' notice thereof prior to the commencement of an Interest Period. If the Borrower fails to provide such notice, it shall be deemed to have selected, and the next Interest Period shall be, a period of one (1) month. (3) The first Interest Period will commence on the Advance Date and each subsequent period will commence on the expiry of the last day of the immediately preceding Interest Period. (4) With each successive Interest Period selected by the Borrower, Euribor shall be reset on the Quotation Date immediately prior to the commencement of the Interest Period and there shall be a corresponding change in the rate of interest payable under this Agreement without the necessity of prior notice thereof to the Borrower or any other Person. (5) Upon each extension of the Maturity Date, including, from the Initial Maturity Date to the Extended Maturity Date and from the Extended Maturity Date to the Second Extended Maturity Date, all Interest accrued to the date of such extension shall be capitalized and added to the Principal Sum for the purpose of calculating Interest thereafter. (6) Except as otherwise provided herein, all amounts (other than the Loan) owed by the Borrower to the Agent, the Lenders or a Lender which are not paid when due (whether at stated maturity, on demand, by acceleration or otherwise) shall be capitalized and compounded monthly on the first day of each successive Interest Period, until payment. (7) Interest Periods in respect of amounts owed by the Borrower to the Agent, the Lenders or a Lender which are not paid when due (whether at stated maturity, on demand, by acceleration or otherwise) (an "Unpaid Amount") shall be for periods of one (1) month. (8) All Unpaid Amounts shall bear Interest (both before and after Default or judgment), from the date on which such amount is due until such amount is paid in full at a rate per annum equal at all times to the Default Interest Rate. (9) All Interest payable in respect of Unpaid Amounts shall be payable on the last day of the relevant Interest Period.

Interest on the Loan. Daily accrued interest at the Base Rate on the outstanding principal balance of the Loans, calculated on the basis of a 360-day year and the actual number of days elapsed, shall be determined by EGTS as of the close of each Business Day. The rate to be used for any day other than a Business Day will be the Base Rate on the immediately preceding Business Day. All accrued and unpaid interest on all Loans shall be due and payable in arrears by EEGH on each Interest Payment Date. If unpaid, interest shall automatically be added to the principal on the day when due, and such interest shall bear interest hereunder until paid. The nonpayment of interest shall not be a default under this Agreement, unless such interest is due on the Final Maturity Date.

Interest on the Loan. Interest on the Loan, at the rates specified in the Note, shall be computed on the unpaid principal balance that exists from time to time and shall be computed with respect to each Advance only from the date of such Advance (as to the portion of each Advance not constituting a portion of Borrower’s Deposit).

Interest on the Loan. No interest shall accrue on the unpaid balance of the Loan.

Interest on the Loan. Daily interest at the Interest Rate on the outstanding principal balance of the Loans shall be determined by DRI as of the close of each Business Day. The rate to be used for any day other than a Business Day will be the Interest Rate on the immediately preceding Business Day. All accrued and unpaid interest on all Loans shall be due and payable by Dominion Midstream on each Interest Payment Date.

Interest on the Loan. 2.4.1 The Borrower shall pay the Lender interest in Dollars on the Disbursement at a rate per annum equal to the Interest Rate. Interest shall accrue on the Disbursement from the Facility Closing Date and shall be paid on each Interest Payment Date. 2.5.2 Interest on the Disbursements shall be computed on the basis of a 365-day year and the actual number of days elapsed (including the first day but excluding the last day).

Interest on the Loan. Where no specific provision with respect to interest on an outstanding portion of the Loan is contained in this Agreement, including with respect to Cdn. $ Libor Advances by Foreign Lenders which cannot be rolled over due to the provisions of Sections 4.10 and 4.11, the interest on such portion of the Loan shall be calculated and payable on the Prime Rate Basis.

Interest on the Loan. (a) The Borrower agrees to pay interest in respect of the outstanding principal amount of the Revolving Loan Advances, weekly in arrears in accordance with Section 2.4 to Agent for the account of Xxxxxxx, from the date the proceeds thereof are made available to the Borrower until paid in full, at a rate per annum equal to the lesser of (i)(A) the Applicable Benchmark Rate plus (B) eight and one half of one percent (8.5%) per annum (such rate, the “Revolving Calculated Rate”) and (ii) the Maximum Rate. The Borrower agrees to pay interest in respect of the outstanding principal amount of the Term Loan, weekly in arrears, the Current Interest (as defined below) portion of which to be paid in accordance with Section 2.4, to Agent for the account of Lenders holding Term Loan Commitments, from the date the proceeds thereof are made available to the Borrower until paid in full, at a rate per annum equal to the lesser of (i) the Applicable Benchmark Rate plus (A) eight percent (8%) per annum (“Current Interest”) plus (B) if Liquidity is equal to or greater than $25,000,000 as determined by the most recently delivered monthly financial statements, an additional four and one-half of one percent (4.5%) per annum and if Liquidity is less than $25,000,000 as determined by the most recently delivered monthly financial statements, an additional six percent (6%) per annum (“PIK Interest”) to be paid in kind by capitalizing such PIK Interest and adding it to the outstanding principal balance of the Term Loan and (ii) the Maximum Rate (the “Term Loan Calculated Rate” and together with the Revolving Calculated Rate, the “Calculated Rate”). All such payments of interest shall be made weekly pursuant to Section 2.4, and, in any event, shall be due and owing no later than the Payment Date of each calendar week for the immediately preceding calendar week, provided, that, on any Interest Settlement Date on which interest has accrued, but has not been paid pursuant to Section 2.4, Agent shall be entitled to apply any or all Available Amounts on deposit in the Collateral Account to the payment of any accrued interest and fees for the preceding month payable to the Lenders pursuant to Section 13.5(a)(iii) hereof. The amount of PIK Interest accrued on any Payment Date shall automatically and without further action be added to the outstanding principal balance of the Term Loan on such Payment Date and any outstanding PIK Interest as of the Maturity Date shall be payable in cash as par...

Interest on the Loan. (a) Borrower agrees to pay interest in respect of the outstanding principal amount of the Loan, monthly in arrears to Agent for the account of Lenders, from the date the proceeds thereof are made available to the Borrower until paid, at a rate per annum equal to the lesser of (i) (A) the LIBOR Rate plus (B) four and one-half of one percent (4.50%) per annum (such rate, the “Calculated Rate”) and (ii) the Maximum Rate. If Lenders are prevented from charging or collecting interest at the Calculated Rate, then the interest rate shall continue to be the Maximum Rate until such time as Lenders have charged and collected the full amount of interest that would be chargeable and collectable if interest at the Calculated Rate had always been lawfully chargeable and collectible. (b) Whenever, subsequent to the date of this Agreement, the LIBOR Rate is increased or decreased, the Applicable Rate shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the LIBOR Rate, on the day of such change (subject to the Maximum Rate). The monthly interest due on the principal balance of the Loan outstanding shall be computed for the actual number of days elapsed during the month in question on the basis of a year consisting of 360 days and shall be calculated by determining the average daily principal balance of the Obligations outstanding for each day of the month in question (the “Average Daily Balance”).