Interest Rate and Fees. Interest and fees shall accrue and be payable on the Loan as set forth in the Note.
Interest Rate and Fees. Interest and fees shall accrue and be payable on all Advances as set forth in the Note.
Interest Rate and Fees. (A) Interest on the Loan shall accrue and be paid as follows:
(1) Interest on the principal balance of the Loan, from time to time outstanding, will accrue at the Adjusted LIBOR Rate. Changes in the Adjusted LIBOR Rate shall be effective on the date of such change.
(2) Interest shall be calculated on the basis of a three hundred sixty (360) day year, and interest shall be charged for the actual number of days the Loan is outstanding, and shall be payable by Borrower on the 26th day of each month, commencing the 26th day of the calendar month immediately following the date of this Agreement or if such day is not a Business Day, on the next succeeding business day. Such payments of interest shall be effected by Bank's debits on the dates such interest is due on Borrower's account with Bank, or, if insufficient funds are in such account, by advances of the Loan to Borrower on the date such interest is due, subject to the provisions hereof and so long as there is Availability. Bank is authorized by Borrower to effect such payment of interest (and any other amounts due under this Agreement to Bank from Borrower or any Subsidiary or Affiliate) by such debits or such advances as the case may be. In the event there are insufficient funds in such account and there is no Availability, Borrower shall be required to pay such interest to Bank when due.
(3) Upon and after the occurrence of an Event of Default, and during the continuance of such Event of Default, the Obligations shall bear interest at the Default Rate per annum.
(B) If, at any time, the Adjusted LIBOR Rate shall be deemed by any competent court of law, governmental agency or tribunal to exceed the maximum rate of interest permitted by any applicable Laws, then, for such time as the Adjusted LIBOR Rate would be deemed excessive, its application shall be suspended and there shall be charged instead the maximum rate of interest permissible under such Laws and any amounts collected in excess of the permissible amount shall be deemed a prepayment of principal on the Revolving Credit Promissory Note.
(C) On the execution of this Agreement, Borrower shall pay to Bank a commitment fee of six tenths of one percent (.06%) of the initial maximum aggregate principal amount of the Loan extended under this Agreement, and, in the event this Agreement is extended pursuant to Paragraph 8.01, Borrower shall also pay six tenths of one percent (.06%) of the maximum aggregate principal amount of the credit line available to ...
Interest Rate and Fees. Borrowers and Lender acknowledge and agree that LIBOR Rate Loans shall no longer be available under the Loan Agreement and, accordingly, Section 2.2 of the Loan Agreement is hereby amended by deleting Section 2.2 of the Loan Agreement in its entirety and substituting therefor the following:
Interest Rate and Fees. 3.1 The interest rate is fixed for the duration of the agreement and is calculated on the daily balance and capitalised monthly (added to the outstanding loan balance) on the last day of the month.
3.2 In the event that an arrears amount exists on your account due to non-payment or late payment, the interest rate applicable to such amount in arrears shall not exceed the maximum interest rate applicable to your agreement under the NCA.
3.3 Should CAPFIN change the interest rate, the amount of fees or charges applicable to your account or the frequency or time of payment of a credit fee or charge as provided for in the NCA, CAPFIN will notify you in writing by way of SMS of the proposed change/s at least 5 business days before such change is implemented.
3.4 CAPFIN is entitled (with or without notice to you) to waive its entitlement to a portion of any initiation fees due and payable in respect of new loans when granting new loans to certain categories of customers (such categories to be determined by CAPFIN in its absolute and sole discretion which may include existing customers). Any such waiver by CAPFIN of its rights to charge full initiation fees will not alter or amend the nature of this credit agreement.
Interest Rate and Fees. The interest rate for each 6-month interest period, commencing on an interest payment date and ending on the day immediately before the following interest payment date, shall be calculated as the 6-month EURIBOR (subject to a zero floor) plus an applicable margin on the interest determination date, which shall be the second business day before the beginning of such interest period. Default rate interest is set at as the sum of 2.00% per annum plus the interest rate to which such payment default relates. The IFC Loan Agreement contains customary provisions for fees, taxes and reimbursement of expenses paid by IFC.
Interest Rate and Fees. The credit carries a fixed interest rate. The agreement form and the repayment scheme covering instalments show the buyer the interest rate calculation method. Based on the lender´s list of charges and fees valid from time to time, the lender has the right to charge other fees and commissions due to a change or service related to the agreement at the buyer´s request. The list of charges and fees valid from time to time is available on the lender ´s website and branches.
Interest Rate and Fees. The interest rate on the Title IX loan has a 3.25% annual interest rate. The Applicant agrees to pay all costs incurred in closing the loan, including, but not limited to, recording and search fees, title insurance costs, and closing attorney’s fees. SCIRPDC will request property appraisals, environmental investigations and other necessary pre- closing data collection at the Applicant’s expense as necessary to satisfy the requirements of the ALRC prior to closing and only consent of the Applicant. The Applicant reserves the right to decline said procedures but recognizes that such actions shall constitute withdrawal of application with no expectation of reimbursement of any funds expended in relation to the Title IX Loan Request prior to the date of decline.
Interest Rate and Fees. (A) Interest on the Loan shall be paid as follows:
(1) Interest shall accrue on the principal balance of the Loan, from time to time outstanding, and will be payable at the Prime Rate plus one-half percent
Interest Rate and Fees. The interest rate on the IRP loan is determined by the nature of the initiative being funded under the IRP umbrella. Applicants participating in the Energy Efficiency Initiative shall pay a 2.0% annual interest rate. Applicants participating in the Rural Business Initiative shall pay a 3.75% annual interest rate. For the Community Development Initiative, applicants who are municipal or county units of government shall pay a 3.0% annual interest rate and applicants who are other special taxing jurisdictions or registered non-profit organizations shall pay a 3.5% annual interest rate. The Applicant agrees to pay all costs incurred in closing the loan, including, but not limited to, recording and search fees, title insurance costs, and closing attorney’s fees. SCIRPDC will request property appraisals, environmental investigations and other necessary pre-closing data collection at the Applicant’s expense as necessary to satisfy the requirements of the ALRC prior to closing and only consent of the Applicant. The Applicant reserves the right to decline said procedures but recognizes that such actions shall constitute withdrawal of application with no expectation of reimbursement of any funds expended in relation to the IRP Loan Request prior to the date of decline.
