Interest Rate and Accrual. Each Interest-bearing Note bears Interest on its Interest Calculation Amount (as at the relevant Interest Payment Date) from the Interest Commencement Date on the Interest Basis. Interest Amounts will be payable in arrear on each Interest Payment Date and will be calculated in respect of the immediately preceding Interest Calculation Period on the basis of the Day Count Fraction. Interest will cease to accrue on each Note on the Interest Cessation Date save that if, upon due presentation, payment of the Redemption Amount due on such due date for redemption is not made, Interest will accrue on the unpaid portion of such amount of Principal that is improperly withheld or refused, in which case Interest will continue to accrue (before as well as after judgment and regardless of the specified Interest Basis) until the Relevant Date at the rate determined daily by the Calculation Agent as the rate for overnight deposits in the currency in which the payment is due to be made. Such interest shall be added annually to the overdue sum and shall bear interest accordingly.
Interest Rate and Accrual. 5.1.1 Each Note bears interest on its Principal Amount (or as otherwise specified in the Applicable Supplement) from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Interest Rate as adjusted by the applicable Margin (if any), such interest being payable in arrear (unless otherwise specified in the Applicable Supplement) on each Interest Payment Date (as defined in Condition 5.8).
5.1.2 Interest will cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment of principal is improperly withheld or refused, in which event interest will continue to accrue (as well after as before judgment) at the Interest Rate as adjusted by the applicable Margin (if any) in the manner provided in this Condition 5 to the Relevant Date (as defined in Condition 5.4).
Interest Rate and Accrual. If applicable, each Note will bear interest (if any) on its outstanding principal amount from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Interest Rate, such interest being payable in arrear on each Interest Payment Date. The amount of interest payable shall be determined in accordance with this Condition 5. Interest shall cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment of principal is improperly withheld or refused, in which event, unless specified as “Not Applicable” in the applicable Final Terms, interest will continue to accrue (as well after as before judgment) at the relevant Interest Rate in the manner provided in this Condition 5 to the Relevant Date (as defined in this Condition 5), which, unless otherwise specified in the applicable Final Terms shall be the Interest Rate prevailing for the last Interest Period.
Interest Rate and Accrual. 1.1 Each Note bears interest on its Principal Amount (or as otherwise specified in the Applicable Supplement) from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Interest Rate as adjusted by the applicable Margin (if any), such interest being payable in arrear (unless otherwise specified in the Applicable Supplement) on each Interest Payment Date (as defined in Condition 5.8).
Interest Rate and Accrual. The interest on any unpaid portion of the Purchase Price and Transactions Fees is assessed annually at a rate equal to the greater of: (i) the prime rate plus 2.5%, or (ii) 7.5%. If the Property is sold at auction, interest begins to accrue on the auction date. If the Property is sold other than at auction, interest begins to accrue on the Certificate Date. XXXXX acknowledges that as of the Certificate Date, Purchaser has paid XXXXX $[*] of the accrued interest.
Interest Rate and Accrual. If applicable, each Note will bear interest (if any) on its outstanding principal amount from the Interest Commencement Date at the rate per annum (expressed as a percentage) equal to the Interest Rate, such interest being payable in arrear on each Interest Payment Date. The amount of interest payable shall be determined in accordance with this Condition 5. Interest shall cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment of principal is improperly withheld or refused, in which event interest will continue to accrue (as well after as before judgment) at the relevant Interest Rate in the manner provided in this Condition 5 to the Relevant Date (as defined in this Condition 5), which, unless otherwise specified shall be the Interest Rate prevailing for the last Interest Period.
Interest Rate and Accrual. The Company promises to pay simple interest on the outstanding principal amount of this Note from __________ [Insert the Closing Date](“Commencement Date”) until paid in full at the fixed rate of [six] percent ([6.0]%) per annum. Interest shall be calculated on a 365-day year basis and shall be due and payable as set forth below.
Interest Rate and Accrual. The interest on any unpaid portion of the Purchase Price and Transactions Fees is assessed annually at a rate equal to the greater of: (i) the prime rate plus 2.5%, or (ii) 7.5%. If the Property is sold at auction, interest begins to accrue on the auction date. If the Property is sold other than at auction, interest begins to accrue on the Certificate Date. SITLA acknowledges that as of the Certificate Date, Purchaser has paid SITLA $[*] of the accrued interest.
Interest Rate and Accrual. Each Hybrid Note bears interest on its Calculation Amount from the Interest Commencement Date in respect thereof and as shown on the face of such Note.
Interest Rate and Accrual. No interest shall accrue on the outstanding amount of the Deferred Amount prior to the occurrence of any Event of Default. Upon the occurrence of any Event of Default and at any time thereafter during the continuance of such Event of Default (subject to Section 3(e)(iv) below), interest shall accrue on the outstanding amount of the Deferred Amount that is due and payable hereunder at a rate of fifteen percent (15.00%) per annum during the continuance of such Event of Default until the earlier of (a) such Event of Default is no longer continuing, (b) such amount that is due and payable is paid in full or (c) such amount that is due and payable is otherwise set off in accordance with the terms set forth herein. Interest, if any, on the Deferred Amount shall be due and payable in cash on the date the outstanding amount of the Deferred Amount is paid.
