Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the Revolving Loan Maturity Date at a rate per annum equal to the Prime Rate, plus the Applicable Spread, 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 any Advance or on the entire outstanding balance of the Revolving Loan as to which no LIBOR-based Rate previously elected remains in effect, at the LIBOR Rate (for an Interest Period selected by the Company as provided in this Agreement), plus the Applicable Spread, provided that an election of a LIBOR-based Rate for an Interest Period extending beyond the Scheduled Revolving Loan Maturity Date shall be permitted only at the discretion of the Bank. From and after the Revolving Loan Maturity Date, and until paid in full, the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate, plus the Applicable Spread, plus Two Percent (2%) per annum, except that as to any portion of the Revolving Loan for which the Company may have elected a LIBOR-based Rate for an Interest Period that has not expired at the Revolving Loan Maturity Date, such portion shall, during the remainder of such period, bear interest at the greater of the Prime Rate, plus the Applicable Spread, plus Two Percent (2%) per annum or the LIBOR-based Rate then in effect, plus the Applicable Spread, 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 LIBOR Rate for that Interest Period then in effect. With respect to that portion of the Revolving Loan, 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 Revolving Loan Maturity Date. With respect to those portions of the Revolving Loan that bear interest at a LIBOR-based Rate, accrued interest shall be due and payable on the last day of each Interest Period (except that if the Interest Period is six months, the accrued interest shall be due on the 90th day of such Interest Period and then on the last day of such Interest Period) until the Maturity Date. On the Revolving Loan Ma...
Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until maturity of the Revolving Note at a rate per annum equal to the Prime Rate plus three-quarters percent (3/4%). After maturity, whether on the Revolving Loan Maturity Date or on account of acceleration upon the occurrence of an Event of Default, and until paid in full, the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate plus four and three-quarters percent (4-3/4%). Accrued interest shall be due and payable monthly on the last Banking Day of each month prior to maturity. After maturity, interest shall be payable as accrued and without demand.
Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until maturity of the Revolving Note at a rate per annum equal to the Prime-based Rate plus two (2%) per annum. After the Maturity Date and until paid in full, the Revolving Loan shall bear interest at a per annum rate equal to the Prime-based Rate plus five percent (5.0%) per annum. Each change in the rate of interest to be charged on any Advance shall become effective on the date of each change in the Prime Rate. Accrued interest shall be due and payable monthly beginning May 31st for the previous month’s interest and continuing each month thereafter until the Maturity Date. On the Maturity Date, the entire unpaid principal balance of the Revolving Loan and Revolving Note and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Maturity Date, interest shall be payable as accrued and without demand.
Interest on the Revolving Loan. Each Canadian Prime Rate Loan under the Revolving Loan will bear interest at a variable rate per annum equal to the Canadian Prime Rate plus 650 bps. Each U.S. Base Rate Loan under the Revolving Loan will bear interest at a variable rate per annum equal to the U.S. Base Rate plus 650 bps.
Interest on the Revolving Loan. Interest on the Revolving Loan will be payable monthly in arrears on the first business day of each month, commencing on the first business day of the month subsequent to the date of this Loan Agreement, and will be charged to the Borrower upon any and all balances due to the Lender at that rate set forth in the Revolving Note. The Borrower agrees to pay the Lender a late charge fee equal to five percent (5%) of any payment due to the Lender which is not received before the expiration of ten (10) days after the payment is due. It is further agreed that upon an Event of Default and at any time thereafter, the Borrower shall pay interest to the Lender at the Default Rate until the Obligations are paid in full.
Interest on the Revolving Loan. The Borrowers shall pay interest on the Revolving Loan at the rate per annum determined on the basis of either the (i) Prime Rate and/or (ii) the Overall Libor Rate, as applicable in accordance with the other provisions of this Agreement (the "Available Rates").
Interest on the Revolving Loan. The Revolving Loan shall bear interest on the unpaid principal balance from time to time outstanding until the date paid at a rate per annum equal to the Base Rate, such interest being payable monthly in arrears on the 1st day of each month, commencing February 1, 2002 and at maturity. Any increase or decrease in the interest rate resulting from a change in the Base Rate shall become effective on the date of such change. Interest shall be computed on a 360-day year basis based upon the actual number of days elapsed.
Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until maturity of the Revolving Note at a rate per annum equal to the Prime Rate, except that at the option of the Company, exercised from time to time as provided in Section 2(c)(i), interest may accrue prior to maturity on any 44 Advance or on the entire outstanding balance of the Revolving Loan 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; provided, further, that an election of the LIBOR-based Rate for a period extending beyond the Revolving Loan Maturity Date shall be permitted only at the discretion of the Bank. After maturity, whether on the Revolving Loan Maturity Date or on account of acceleration upon the occurrence of an Event of Default, and until paid in full, the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate plus two percent (2%), except that as to any portion of the Loan for which the Company may have elected the LIBOR-based Rate for a period of time that has not expired at maturity, such portion shall, during the remainder of such period, bear interest at the LIBOR-based Rate then in effect plus two percent (2%) per annum. Accrued interest shall be due and payable monthly on the last Banking Day of each month prior to maturity. After maturity, interest shall be payable as accrued and without demand.
Interest on the Revolving Loan. The principal balance of the Revolving Loan outstanding from time to time shall bear interest as follows:
(1) until the Revolving Loan Maturity Date or the occurrence of an Event of Default, at a rate per annum equal to the Adjusted Term SOFR Rate plus the Applicable Spread; and
(2) after the Revolving Loan Maturity Date, or at the election of Bank during the continuance of an Event of Default, at a per annum rate equal to the Default Rate. Each change in the rate of interest to be charged on any Advance of the Revolving Loan shall become effective on the date of each change in the Adjusted Term SOFR Rate.
Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the maturity of the Revolving Note at rate per annum equal to the Adjusted LIBO Rate. After maturity, whether on the Revolving Loan Maturity Date or on account of acceleration upon the occurrence of an Event of Default, and until paid in full, the Revolving Loan shall bear interest at a per annum rate equal to the Default Rate. Accrued interest shall be due and payable monthly on the fifth (5th) calendar day of each calendar month commencing on June 5, 2014, and at maturity. After maturity, interest shall be due and payable as accrued and without demand.
