Interest on the Revolving Loan. The principal amount of the Revolving Loan outstanding from time to time shall bear interest until the Revolving Note Maturity Date at a rate per annum equal to the Prime Rate plus the Applicable Spread; PROVIDED THAT, at the option of the Company, exercised from time to time as provided in subsection 2.05(a) of this Agreement, interest may accrue prior to the Revolving Loan Maturity Date 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 a rate per annum equal to a LIBOR-based Rate for a period of one month, two months, three months or six months, plus the Applicable Spread. Notwithstanding the foregoing, the Company will not be permitted to elect any LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loan Maturity Date. After the Revolving Loan Maturity Date, and until paid in full, the principal amount of the Revolving Loan shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent (2%). Accrued interest shall be due and payable monthly on the last Banking Day of October, 1997, and on the last Banking Day of each successive calendar month thereafter until the Revolving Loan Maturity Date, at which time the entire unpaid principal balance of the Revolving Loan and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loan Maturity Date, 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 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 Prime Rate plus four and one-half percent (4-1/2%). 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 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 Contract Rate, such interest being payable monthly on the 1st day of each month, and at maturity, commencing October 1, 1992. 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 minus one percent (-1.00%), 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 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. Interest on the Revolving Loan will be charged to the Borrower upon any and all balances due to the Bank at the rate or rates set forth in the Revolving Note, said interest to be computed based upon average daily balances and upon a 360-day per year basis for the actual number of days elapsed; provided, however, that at no time shall said interest rate be more than the rate of interest permitted by the law governing this Loan Agreement.
Interest on the Revolving Loan. The Borrower shall pay interest on the Revolving Loan at the rate equal to the Libor Rate plus one hundred fifteen (115) basis points. Interest on the Revolving Loan shall be payable on the last day of each November, February, May and August during the term of the Revolving Loan and on the last day of the Revolving Period.
Interest on the Revolving Loan. The principal balance of the Revolving Loan outstanding from time to time shall bear interest as follows:
