Interest Rate and Payment Terms. The Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender’s Commitment Percentage of the Loan. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Administrative Agent and to be allocated on a pro rata basis to the portion of the balance held by each Lender based upon such Lender’s Commitment Percentage.
Interest Rate and Payment Terms. The Loans shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment Percentage. The Agent will use its best efforts to disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender's Commitment Percentage.
Interest Rate and Payment Terms. The Loan shall be payable as to interest and principal in accordance with the provisions of the Note. The Note also provides for interest at a Default Rate, Late Charges and prepayment rights and fees.
Interest Rate and Payment Terms. Amounts outstanding under the Facility shall be payable as to interest and principal in accordance with the provisions of this Agreement. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Administrative Agent and are to be allocated on a pro rata basis to the Note(s) held by each Lender based upon such Lender’s Commitment Percentage.
Interest Rate and Payment Terms. The Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Note. This Agreement also provides for prepayment rights.
Interest Rate and Payment Terms. All Advances made under the Loan shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of the Lenders that are payable to the Lenders hereunder shall be applied to the respective accounts of the Lenders in accordance with each Lender’s Commitment Percentage. The Agent will disburse such payments to the Lenders on the date of receipt thereof if received prior to 2:00 p.m. (Eastern time) on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender’s Commitment Percentage.
Interest Rate and Payment Terms. All Warehousing Advances made under the Facility shall be payable as to interest and principal in accordance with the provisions of this Agreement and the Notes. This Agreement also provides for interest at a Default Rate, Late Charges and prepayment rights and fees. All payments for the account of Lenders shall be applied to the respective accounts of the Lenders in accordance with each Lender's Commitment Percentage. The Agent will disburse such payments to the Lenders on the date of receipt thereof if received prior to 10:00 a.m. on such date and, if not, on the next Business Day. Any and all interest rate selection and conversion provisions in this Agreement are to be administered by the Agent and to be allocated on a pro rata basis to the Note held by each Lender based upon such Lender's Commitment Percentage.
Interest Rate and Payment Terms. A. Principal of this Note shall bear interest at a rate per year equal to the rate of interest publicly announced from time to time by Bank of America National Trust and Savings Association, an affiliate of Bank ("Affiliate"), in San Francisco, California, as its reference rate, plus one and three-quarters percentage (1.75%) points. (The reference rate is set by Affiliate based on various factors, including Affiliate's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans. Loans may be priced at, above or below the reference rate.) Any change in the interest rate of this Note shall take effect at the opening of business on the day specified in the public announcement of a change in said reference rate. The amount of each year's interest on the Note will be calculated on the basis of a 360 day year and the actual number of days principal has been outstanding. This results in more interest than if a 365 day year is used.
Interest Rate and Payment Terms. Interest shall accrue on all outstanding Obligations (as defined in Section 3.1(a) below) at a rate equal to 13% (a daily rate of .03562% on outstanding balance compounded daily) an APR equivalent of 13.8802%. Lender does not intend to charge or collect anything more than the law allows. If Lender charges or collects anything more than the law allows, it will apply the excess first to the unpaid principal amount of advances, and Lender will refund any excess if Borrower has paid such amount in full.
Interest Rate and Payment Terms. The Additional Advances shall ------------------------------- bear interest at the Interest Rate in effect under Section 3.1 of the Loan Agreement at the time of disbursement. The Additional Advances shall be evidenced by, and shall be payable as to interest and principal in accordance with the provisions of, a new Promissory Note in the form attached hereto as Exhibit A (the "New Note"). ---------
