Interest Rate on Loans. AESOP Leasing hereby promises to pay interest on the unpaid principal amount of each Loan made to it hereunder (the "Loan Interest"), for each Loan Interest Period commencing on the date such Loan is made to AESOP Leasing until such Loan is paid in full at a rate not less than the Lender's Carrying Cost Interest Rate for the applicable Loan Interest Period. The applicable rate of Loan Interest on each Loan shall be specified in a Loan Request Response provided by the Lender to AESOP Leasing on the date a Loan Request is delivered; provided that if the Lender's Carrying Cost Interest Rate for the applicable Loan Interest Period is higher than the rate of Loan Interest specified in the Loan Request Response, Loan Interest payable shall be determined using the higher rate.
Interest Rate on Loans. Except as otherwise set forth herein, each Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:
(a) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or
(b) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin.
Interest Rate on Loans. The outstanding principal amount of each Loan shall bear interest until maturity at the Base Rate. Interest accrued on each Loan shall be paid by the applicable Borrower on the last day of each month and upon the maturity of such Loan.
Interest Rate on Loans. Subject to Section 2.6.3, the unpaid principal balances of the Loans shall bear interest from their respective Funding Dates through maturity (whether by acceleration or otherwise) (including post-petition interest in any proceeding under applicable bankruptcy laws) at a rate determined by reference to the Base Rate or LIBOR. The applicable basis for determining the rate of interest for Revolving Loans shall be selected by the Borrower at the time a Notice of Borrowing is given pursuant to Section 2.2.4 or at the time a Notice of Conversion/Continuation is given pursuant to Section 2.7.2. If on any day any Revolving Loan is outstanding with respect to which notice has not been delivered to the Administrative Agent in accordance with the terms of this Agreement specifying the basis for determining the rate of interest, then for that day such Revolving Loan shall bear interest determined by reference to the Base Rate. The Loans shall bear interest as follows:
(a) if a Swing Line Loan or a Base Rate Loan, then at a fluctuating rate per annum equal to the sum of the Base Rate, as it varies from time to time, plus the Applicable Base Rate Margin; or
(b) if a LIBOR Loan, then at a rate per annum equal to the sum of LIBOR plus the Applicable LIBOR Margin.
Interest Rate on Loans. Subject to Section 2.7.3, the unpaid principal balances of the Loans shall bear interest from their respective Funding Dates through maturity (whether by acceleration or otherwise) (including post-petition interest in any case or proceeding under Applicable Bankruptcy Law) at a rate determined by reference to the Base Rate or LIBOR. The applicable basis for determining the rate of interest for Loans shall be selected by the Borrower at the time a Notice of Borrowing is given pursuant to Section 2.1.2 or Section 2.2.4 or -32- at the time a Notice of Conversion/Continuation is given pursuant to Section 2.8.2; provided, however, that Swingline Loans shall bear interest at the Swingline Rate. If on any day any Revolving Loan is outstanding with respect to which notice has not been delivered to the Administrative Agent in accordance with the terms of this Agreement specifying the basis for determining the rate of interest, then for that day such Loan shall bear interest determined by reference to the Base Rate. The Loans shall bear interest as follows:
(a) if a Base Rate Loan, then at a fluctuating rate per annum equal to the sum of the Base Rate, as it varies from time to time, plus the Applicable Base Rate Margin, calculated on the basis of a 365-day year; or
(b) if a LIBOR Loan, then at a rate per annum equal to the sum of LIBOR plus the Applicable LIBOR Margin, calculated on the basis of a 360-day year.
Interest Rate on Loans. Except as provided in clause (b) below, the Loans shall bear interest on the Daily Balance thereof at a per annum rate equal to the Applicable Rate.
Interest Rate on Loans. (a) Except as otherwise set forth herein, the Revolving Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:
(i) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or
(ii) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin plus (in the case of a Eurodollar Rate Loan which is lent from Lender’s lending office in the United Kingdom or a Participating Member State) the Mandatory Cost.
Interest Rate on Loans. The principal amount outstanding, from time ---------------------- to time, of each of the Loans shall bear interest in accordance with the provisions of the Note.
Interest Rate on Loans. Subject to Section 2.8.3, the unpaid principal balances of the Loans shall bear interest from their respective Funding Dates through maturity (whether by acceleration or otherwise) (including post-petition interest in any case or proceeding under applicable bankruptcy laws) at a rate determined by reference to the Base Rate or the Eurodollar Rate. The applicable basis for determining the rate of interest for Revolving Loans shall be selected by the Borrower at the time a Notice of Borrowing is given pursuant to Section 2.2.4 or Section 2.3.4 or at the time a Notice of Conversion/Continuation is given pursuant to Section 2.9.2. If on any day any Revolving Loan is outstanding with respect to which notice has not been delivered to the Administrative Agent in accordance with the terms of this Agreement specifying the basis for determining the rate of interest, then for that day such Revolving Loan shall bear interest determined by reference to the Base Rate. The Revolving Loans shall bear interest as follows:
(a) if a Swingline Loan or a Base Rate Loan, then at a fluctuating rate per annum equal to the sum of the Base Rate, as it varies from time to time, plus the Applicable Base Rate Margin; or
(b) if a Eurodollar Loan, then at a rate per annum equal to the sum of the Eurodollar Rate plus the Applicable Eurodollar Rate Margin.
Interest Rate on Loans. Except as otherwise provided in Section 2.5(d) below, the outstanding principal amount of each Loan shall bear interest until maturity at (i) the Base Rate, or (ii) the Adjusted Eurodollar Rate plus 1-1/2%, as selected by the applicable Borrower from time to time in its Loan Request. Interest accrued on each Base Rate Loan shall be paid by the applicable Borrower on the last day of each calendar quarter and upon demand by the Bank for repayment of such Loan. Interest accrued on each Eurodollar Loan shall be paid on the last day of the Interest Period applicable thereto and upon demand by the Bank for repayment of such Loan.
