INTEREST RATE AND REPAYMENT. Advantage Plus Rate of the Leverage Loan Certificate (remove if not applicable):
INTEREST RATE AND REPAYMENT. Each Term Loan shall bear interest at one of the following three alternative rates in conjunction with a corresponding repayment period as set forth herein, both as designated by Borrower by written notice to Silicon at the time the Loan is disbursed. If the Borrower does not designate an applicable interest rate and repayment period, Silicon may do so by written notice to the Borrower. Regardless of the repayment periods specified, all Term Loans with all accrued and unpaid interest thereon shall be immediately due and payable, upon written notice thereof to the Borrower in accordance with the notice provisions set forth in Sections 5.2 and 6.2 of this Agreement,upon the occurrence of any Event of Default. The one-time Term Loan relating to the Borrower's obligations to Mitsui under the Mitsui Loan shall bear interest in accordance with Option A below and shall be repaid with a 36 month term in accordance with subsection (ii)(a) hereof.
INTEREST RATE AND REPAYMENT. Each Term Loan shall bear interest at one of the following two alternative rates, as designated by Borrower by written notice to Silicon at the time the Term Loan is disbursed. If the Borrower does not designate an applicable interest rate, Silicon may do so by written notice to the Borrower. All Term Loans with all accrued and unpaid interest thereon shall be immediately due and payable, upon written notice thereof to the Borrower in accordance with the notice provisions set forth in Sections 5.2 and 6.2 of this Agreement, upon the occurrence of any Event of Default. The Mitsui Loan shall bear interest in accordance with Option A below and shall be repaid as set forth above.
INTEREST RATE AND REPAYMENT. The Borrower shall repay, and shall pay interest on, the unpaid principal amount of the Loans in accordance with the provisions of the Note.
INTEREST RATE AND REPAYMENT. (A) Interest and principal shall be paid as follows:
11 (1) Prior to May 1, 1998 (the "Conversion Date"), interest on the principal balance of the Loan, from time to time outstanding, will be payable monthly commencing on June 30, 1996, at either the Prime Rate in effect from time to time, or the LIBO Rate in effect on the date the Bank receives written notice from the Borrower of its election to convert the interest rate to the LIBO Rate for a ninety (90) day period, plus two hundred twenty-five (225) basis points. Following the Conversion Date, interest on the principal balance of the Loan shall, subject to applicable rate increases provided for in Section 2.05(A)(3) below, be at the Prime Rate in effect from time to time. After maturity, (whether maturity is brought about by acceleration in the Event of Default or otherwise) the interest rate shall be two hundred (200) basis points in excess of the higher of: (i) the interest rate in effect at the time of such maturity or acceleration, as the case may be; or (ii) the Prime Rate in effect from time to time.
INTEREST RATE AND REPAYMENT. (A) Interest and principal shall be paid as follows:
(1) Interest on the principal balance of the Loan, from time to time outstanding, will be payable monthly commencing on October 1, 2002 and continuing on the same day of each consecutive month thereafter until the Maturity Date, at the Prime Rate in effect from time to time PROVIDED HOWEVER, that in no event with the interest rate applicable to the Note be less than four and one half percent (4.5%) per annum. On and after the Maturity Date, (whether maturity is brought about by acceleration in the Event of Default or otherwise) the interest rate shall be two hundred (200) basis points in excess of the Prime Rate in effect from time to time.
(2) Interest on all Advances and other Obligations hereunder whether evidenced by the Note or otherwise shall be calculated on the basis of a 360--day year, counting the actual number of days elapsed, and shall be payable as set forth above in this Section 2.05(A), to continue until all Advances and other Obligations hereunder have-been paid in full, The Borrower hereby authorizes the Bank to charge any such interest due from time to time against any account of the Borrower with the Bank.
INTEREST RATE AND REPAYMENT. Interest on the Principal Amount shall be at the rate of 3% per month, payable together with the Principal Amount thereof on the last day of the Borrowing Term.
INTEREST RATE AND REPAYMENT. The outstanding principal balance of the Loan shall bear interest, and principal and interest shall be repayable in accordance with the terms of the Note, together with the fees, premiums, charges and cost and expenses provided for therein. The monetary obligations Borrower now owes to Bank and those it may in the future owe to Bank under the other Loan Documents, unless otherwise provided in any of the other Loan Documents, shall be payable by Borrower upon demand of Bank, with interest thereon at the rate of interest set forth in the Note; and, like the amounts due and owing under the Note, the same shall be secured by the Collateral. From time to time, upon reasonable request from Bank, Borrower shall execute an agreement with Bank to confirm the repayment terms then applicable to the Loan. Payments of interest may be funded from the Note, but only to the extent budgeted and set forth in the Budget.
INTEREST RATE AND REPAYMENT. The Line of Credit shall bear interest at the rate set forth in the Note and shall be payable as set forth in the Note.
