Interest on the Revolving Loans. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day, plus the Applicable Margin. Interest shall be payable on the last day of the Interest Period applicable thereto. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is three hundred sixty (360).
(b) Each Eurodollar Rate Loan shall bear interest on the unpaid principal amount thereof, for each day from the date such Eurodollar Rate Loan is made until it becomes due, at a rate per annum equal to the Eurodollar Rate for the relevant Interest Period, plus the Applicable Margin. Interest shall be payable on the last day of the Interest Period applicable thereto; PROVIDED, that if such Interest Period is longer than ninety (90) days, interest shall be payable every ninety (90) days and on the last day of such Interest Period. Such interest shall accrue from and including the date of such Borrowing to but excluding the date of any repayment thereof and shall be computed on the basis of a fraction, the numerator of which is the actual number of days elapsed from the date of Borrowing and the denominator of which is three hundred sixty (360).
(c) Overdue principal of, and to the extent permitted by law, interest on each Revolving Loan shall bear interest for each day until paid at a rate per annum equal to the Default Rate.
Interest on the Revolving Loans. Except as otherwise provided in §6.10:
(a) Each Domestic Revolving Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a rate per annum equal to (i) the Base Rate plus the Applicable Margin with respect to Base Rate Loans as in effect from time to time or (ii) the LIBOR Rate determined for such Interest Period plus the Applicable Margin with respect to LIBOR Rate Loans as in effect from time to time.
(b) Each Canadian Revolving Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a rate per annum equal to (i) the Canadian Base Rate plus the Applicable Margin with respect to Canadian Base Rate Loans as in effect from time to time or (ii) the Applicable Offered Rate determined for such Interest Period plus the Applicable Margin with respect to Applicable Offered Rate Loans as in effect from time to time.
(c) Each European Loan and Australian Revolving Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a rate per annum equal to the Applicable Offered Rate, as applicable, determined for such Interest Period plus the Applicable Margin with respect to Applicable Offered Rate Loans as in effect from time to time plus (in the case of an Applicable Offered Rate Loan of any Lender which is made from such Lender’s applicable Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost.
(d) Each Borrower promises to pay interest on the outstanding amount of its applicable Loans on each Interest Payment Date with respect thereto.
(e) If, as a result of any restatement of or other adjustment to the financial statements of the Borrowers and their Restricted Subsidiaries or for any other reason, the Borrowers or the Lenders determine that (i) the Total Leverage Ratio as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper calculation of the Total Leverage Ratio would have resulted in higher pricing for such period, each Borrower shall immediately be obligated to pay to the Applicable Agent for the account of the Applicable Lenders or the Issuing Lender, as the case may be, promptly on demand by the Administrative Agent or any other Applicable Agent (or, after the occurrence of an actual or deemed entry of...
Interest on the Revolving Loans. SECTION 4.01 (a).
Interest on the Revolving Loans. (a) Interest on the outstanding principal amount of each (i) CAD LIBOR Loan shall be payable on each Interest Payment Date, unless the Interest Period exceeds three months in which case it shall be paid quarterly, at a rate per annum equal to the Interest Rate for the related Interest Period from the date when made and continued until paid in full and (ii) Base Rate Loan shall be payable on the last Business Day of each calendar quarter at a rate per annum equal to the daily average Interest Rate for the period from the date when made and continued until paid in full.
(b) The duration of each Interest Period for each CAD LIBOR Loan shall be one month; provided, however, that (i) the Borrower may direct that the duration of an Interest Period for a CAD LIBOR Loan be three or six months (or any other period agreed to by the Agent and all of the Lenders) by giving the Agent written notice thereof at least three (3) Business Days before the first day of such Interest Period. The Agent shall deliver a copy of such notice on the same day to the Lenders.
(c) Each Revolving Loan will bear interest at the Overdue Rate on any part of the principal amount and interest and other amounts due thereunder not paid when due (whether at stated maturity, by acceleration or otherwise), for any period during which the same will be overdue.
(d) The Borrower may elect to extend the Interest Period of all or any part of any borrowing of any CAD LIBOR Loan beyond the expiration of the then current Interest Period relating thereto by giving a Drawdown Request (which shall be irrevocable) to the Agent of such election, specifying the CAD LIBOR Loan or CAD LIBOR Loans or portion thereof for which the Interest Period is to be so extended and the Interest Period therefor.
(e) The Interest Period for all or part of any CAD LIBOR Loans may be extended as provided herein, provided that the CAD LIBOR Loans or part thereof in respect of which the Interest Period is so extended shall not be less than CAD 100,000 and shall be in an integral multiples of CAD 100,000.
(f) For the purpose of disclosure pursuant to the Interest Act (Canada), the yearly rate of interest to which any rate of interest payable under this Agreement, which is to be calculated on any basis other than a full calendar year, is equivalent, may be determined by multiplying such rate by a fraction, the numerator of which is the actual number of days in the calendar year in which the period for which interest at such rate is ...
Interest on the Revolving Loans. [RESERVED.]
Interest on the Revolving Loans. Interest on the Revolving Loans (including with respect to Letters of Credit at such time as Revolving Loans are deemed made hereunder) shall be payable monthly, in arrears, on the last Business Day of each month commencing May 31, 1997 and shall be an amount equal to the Chase Bank Rate plus eighty-five one hundredths of one percent per annum, for the Revolving Loans (but in no event in excess of the maximum amount of interest permitted by law), computed on the average of the net balances owing by the Borrower to the Lenders in the Borrower's accounts at the close of each day during such month. In the event of any change in said Chase Bank Rate, the rate applicable to the Revolving Loans shall change, as of the first day of the month following any change, so as to remain eighty-five one hundredths of one percent above the then current Chase Bank Rate. Interest on the Revolving Loans shall be calculated based on a 360-day year. The Agent shall be entitled to charge the Borrower's Loan Account for interest on the Revolving Loan at the rates provided for in this Financing Agreement when due until all Obligations of the Borrower have been paid in full.
Interest on the Revolving Loans. The principal amount of the Revolving Loans outstanding from time to time shall bear interest until the Revolving Loans 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 Loans Maturity Date on any part or on the entire outstanding principal balance of the Revolving Loans 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 Loans Maturity Date. After the Revolving Loans Maturity Date, and until paid in full, the principal amount of the Revolving Loans outstanding from time to time shall bear interest at a per annum rate equal to the Prime Rate plus Two Percent (2%) per annum. Accrued interest shall be due and payable quarterly on the last Banking Day of March, 1998, and on the last Banking Day of each successive June, September, December and March thereafter until the Revolving Loans Maturity Date, at which time the entire unpaid principal balances of the Revolving Loans and all unpaid, accrued interest thereon, shall be due and payable in full without demand. After the Revolving Loans Maturity Date, interest shall be payable as accrued and without demand.
Interest on the Revolving Loans. 15 SECTION 4.01(a). INTEREST OPTIONS ....................................................................... 15 SECTION 4.01(b). LIBOR RATE OPTION ...................................................................... 16 SECTION 4.01(c). BASE RATE OPTION ....................................................................... 16 SECTION 4.01(d). INDICATED SPREAD ....................................................................... 16 SECTION 4.02.
Interest on the Revolving Loans. The principal amount of the Revolving Loans outstanding each day from and after the Closing Date shall bear interest until the Revolving Loans Maturity Date at a rate per annum equal to the Prime-based Rate for such day, and shall be treated as a Prime Rate Advance, except that at the option of the Company, exercised from time to time as provided herein, interest may accrue prior to maturity on any portion or on the entire outstanding principal balance of the Revolving Loans as to which no LIBOR-based Rate elected remains in effect, at a LIBOR-based Rate, provided that an election of a LIBOR-based Rate for a period extending beyond the Scheduled Revolving Loans Maturity
Interest on the Revolving Loans. (a) Subject to Section 2.02(d) below, the principal amount of each Revolving Loan shall bear interest at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to 10%. Accrued interest shall compound semi-annually until paid.
(b) Interest on each Revolving Loan shall be due and payable on the date the principal amount of such Revolving Loan is prepaid, upon acceleration of such Revolving Loan, or upon the Maturity Date.
(c) If Satellite Company shall default in the payment of the principal of, or interest on any Revolving Loan, or on any other amount becoming due hereunder, by scheduled maturity or acceleration, Satellite Company shall, on demand from time to time from TCIC, pay interest, to the extent permitted by law, on such defaulted amount up to the date of actual payment (after as well as before judgment) at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to the interest rate then in effect pursuant to Section 2.02(a) above plus 2%.
(d) All agreements between Satellite Company and TCIC are expressly limited so that in no contingency or event whatsoever shall the interest paid or agreed to be paid to TCIC for the use, forbearance, or detention of the indebtedness evidenced by the Notes exceed
