Interest Rates and Fees. (a) Interest rates on Prime Rate Advances, Base Rate Advances, B/A Equivalent Loans and LIBOR Advances and the rates for calculation of B/A Fees and L/C Fees shall be as follows: All figures in the table represent per cent per annum. Each of the amounts specified above, other than the standby fees, shall be increased by 2% per annum if a Default has occurred and is continuing. If a Default is disclosed by a Compliance Certificate, any increase shall be applied beginning as of the end of the fiscal period to which the Compliance Certificate relates.
(b) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate or the Base Rate, respectively, plus the relevant figure shown under "Prime Rate and Base Rate Advances" in the table in Section 2.7(a) . Interest shall accrue and be payable on LIBOR Advances at the LIBO Rate plus the relevant figure shown under "Other Advances" in that table. The rate for calculation of B/A Fees shall be the relevant figure shown under "Other Advances" in that table. The rate for calculation of LC Fees for financial Letters of Credit shall be the relevant figure shown under "LC Fee (financial L/C)" in that table. The rate for calculation of LC Fees for performance Letters of Credit shall be the relevant figure shown under "LC Fee (performance L/C)" in that table.
(c) The Borrowers shall pay interest and fees at the applicable rate specified in Section 2.7(a) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 6.8(c) . The Borrowers shall pay interest on Prime Rate Advances and Base Rate Advances on each Interest Payment Date. The Borrowers shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrowers shall pay L/C Fees quarterly in arrears on the first Banking Day following each of Hudbay's fiscal quarters.
(d) The Borrowers shall pay a standby fee on the daily unadvanced portions of the Credit (which for clarity shall, for the purposes of this Section 2.7(d), be equal to the Maximum Available Amount less any amounts outstanding hereunder) at the rate specified under "Standby Fee" in the table in Section 2.7(a) . The standby fee shall be calculated da...
Interest Rates and Fees. (1) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX Advances and the rates for calculation of L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Ratio (the "Ratio") as follows: Less than 1.00 to 1 2.00% 3.00% 0.750% Greater than or equal to 1.00 to 1 but less than 2.00 to 1 2.50% 3.50% 0.875% Greater than or equal to 2.00 to 1 but less than 3.00 to 1 3.00% 4.00% 1.000% Greater than or equal to 3.00 to 1 3.50% 4.50% 1.125% All rates (the "Rates") in the table represent rates per annum. To the full extent permitted by law, each of the Rates specified above, other than the standby fees, shall be increased by 2% per annum if an Event of Default has occurred and is continuing.
(2) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and the Base Rate, respectively, plus the relevant Rate shown under "Prime Rate and Base Rate Advances" in the table in Section 2.6(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, plus the relevant Rate shown under "Other Advances" in that table. The rate for calculation of L/C Fees shall be the relevant Rate shown under "Other Advances" in that table.
(3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(1) to the Agent at the Branch of Account on Advances outstanding from time to time. The Borrower shall pay interest on Prime Rate Advances, Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay L/C Fees quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters.
(4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "Standby Fee" in the table. The standby fee shall be calculated daily beginning on the date of this Agreement and shall be payable quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees.
(5) On the 45th day after the end of the first, second and third fiscal quarters of each fiscal year of the Borrower and on the 90th day after the end of the fou...
Interest Rates and Fees. (a) Tranche A Loans. The following interest and fees shall be payable with respect to Tranche A Loans:
Interest Rates and Fees. (a) The Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (i) the continuation of, administration of, submission of, calculation of or any other matter related to Base Rate, the Term SOFR Reference Rate or Adjusted Term SOFR Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, Base Rate, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any other Benchmark prior to its discontinuance or unavailability, or (ii) the effect, implementation or composition of any Conforming Changes. The Agent and its affiliates or other related entities may engage in transactions that affect the calculation of Base Rate, the Term SOFR Reference Rate, Term SOFR, Adjusted Term SOFR or any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Agent may select information sources or services in its reasonable discretion to ascertain Base Rate, the Term SOFR Reference Rate, Term SOFR, Adjusted Term SOFR or any other Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.
(a) Interest rates on Base Rate Advances and LIBOR SOFR Advances and the rates for calculation of L/C Fees shall , subject to Section 8.1(d), be determined on a Pricing Date in accordance with the table set forth below based on the Total Net Debt to EBITDA Ratio based on the Compliance Certificate delivered in respect of the most recently completed fiscal quarter, as applicable, and the applicable interest rate established on a Pricing Date shall remain in effect until the next Pricing Date. If the Borrower has not delivered...
Interest Rates and Fees. (a) Interest shall accrue and be payable on Base Rate Advances at the Base Rate plus Applicable Margin. Interest shall accrue and be payable on Term Benchmark Advances at the Term Benchmark Basis.
(b) The Borrower shall pay interest and fees at the applicable rate specified in Schedule 2.6 to the Agent at the Branch of Account on Advances outstanding from time to time. The Borrower shall pay interest on Base Rate Advances on each Interest Payment Date. The Borrower shall pay interest on each Term Benchmark Advance on the applicable Interest Payment Date, and, in addition, if the Interest Period for a Term Benchmark Advance exceeds three months, interest on such Term Benchmark Advance shall also be due and payable in arrears on every three- month anniversary of the beginning of such Interest Period. In respect of each type of Advance, interest on each such Advance then outstanding shall be due and payable in US Dollars on the Maturity Date.
(c) The Borrower shall pay a standby fee (the “Standby Fee”) on the daily unadvanced portion of the Credit (which for clarity shall, for the purposes of this Section 2.5(c), be equal to the Credit Limit less any amounts oustanding hereunder) at the rate per annum equal to the Standby Fee for the Applicable Margin on the Credit as described in Schedule 2.6. The Standby Fee shall be calculated daily beginning on the date hereof and shall be payable quarterly in arrears on the first Banking Day following each Fiscal Quarter. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid Standby Fees. Notwithstanding the foregoing, the Standby Fee will cease to accrue on the unfunded portion of any Commitment for any Lender or on the Commitment of any Lender while it is a Defaulting Lender.
(d) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.
(e) The Applicable Margin and all other interest rates and fees (other than standby fees) shall be increased by 2% per annum at all times that an Event of Default has occurred and is continuing.
Interest Rates and Fees. The Principal outstanding at any time, and from time to time, shall bear interest at 30% per annum; provided, however that,
a. the Borrower and the Lender agree that no interest shall accrue or be payable on the Principal for the period from first drawdown until the earlier to occur of: (i) six (6) months thereafter (the “Initial Term”), and (ii) the occurrence of an Event of Default; and
b. if the Principal has not been repaid prior to the end of the Initial Term, the Borrower shall pay an extension fee of US$50,000 to the Lender to extend the Loan until the earlier to occur of: (i) the three (3) month anniversary of the end of the Initial Term; and the Repayment Date. No interest shall accrue or be payable on the Principal if the Loan repayment date is extended in accordance with this clause unless an Event of Default has occurred.
Interest Rates and Fees. We may change the interest rates and/or fees payable under this agreement (including introducing new fees or changing when or how we calculate or apply interest or fees and charging different rates on different Transactions) in the following circumstances: • to respond proportionately to actual or expected changes to our costs of providing the Account; • if we change the services or benefits included with your Account; • because we reasonably think that your credit risk profile has changed (which may include using of external credit reference data and looking at the way that you manage your Account) meaning that there is an increased risk that you might not be able to repay what you owe us; • to maintain an appropriate return from your Account and to ensure that our business maintains a broadly similar level of competitiveness; • for any other valid reason as long as you are able to end the agreement without charge.
Interest Rates and Fees. Interest rates and fees charged by GCC will be set in a manner consistent with its guiding principles, and take into account prevailing interest rates, management policies, administrative expenses and relative risk. Interest should be paid no less frequently than once a quarter, unless approved by the Loan Committee.
Interest Rates and Fees. Facilities (1) & (2)
Interest Rates and Fees. [Redacted] [Redacted]
