Interest Rates and Payment. (a) The unpaid principal amount of each Advance shall bear interest from the date of such Advance until indefeasibly paid in full at a per annum rate equal to the Base Interest Rate.
(b) Notwithstanding anything to the contrary in Section 2.4(a), if an Event of Default is in existence, all outstanding amounts of principal and, to the extent permitted by applicable law, all overdue interest in respect of the Loan, shall bear interest, payable on demand, at a per annum rate equal to the Default Interest Rate. If any amount (other than the principal of and interest on the Loan) payable by Borrower under the Loan Documents is not paid when due, such amount shall bear interest, payable on demand, at a per annum rate equal to the Default Interest Rate.
(c) Prior to maturity, whether by acceleration or otherwise, interest on each Advance shall be due and payable in arrears on the first day of each month, beginning with the first day of the first calendar month occurring after the date of such Advance.
(d) On and after the Applicable Maturity Date for each Advance, all interest on such Advance shall be due and payable on demand.
(e) If Borrower shall fail to pay any portion of the Obligations within 5 days of its due date, Borrower shall also pay Lender a late charge calculated at the rate of 5% of the Obligations for the purpose of defraying the expenses incident to handling such delinquent payment; provided that in no event shall Borrower be required to pay a late fee greater than the maximum amount permitted under applicable law or pay a late fee as to the principal amount of an Advance at or after a maturity of such Advance. Such late charge shall be in addition to, and not in lieu of, any other remedy Lender may have and is in addition to any reasonable fees and charges of any agents or attorneys that Lender is entitled to employ upon any Event of Default by Borrower hereunder or under any other Loan Document, whether authorized herein or by applicable law.
(f) All computations of interest on the Loan hereunder and of other fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.
(g) All payments by Borrower under the Loan Documents shall be in immediately available funds, without set-off or counterclaim.
(h) The Lender shall determine the interest rate applicable to each Advance hereunder in accordance with the definition of Base Interest Rate. The Lender shall give prompt notice to the Borrower of each rate of interest so d...
Interest Rates and Payment. (a) Each Bond shall bear interest, payable semi-annually in arrears (unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement) on the outstanding principal amount thereof (computed on the basis of a 30-day month and a 360-day year unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement) from its date of issuance until final payment on the maturity date thereof or otherwise at a fixed rate or floating rate, as specified for the term of such Bond in the applicable Pricing Agreement. Interest only shall be payable on each Interest Payment Date. The Interest Payment Dates shall be determined at the time of, and set forth in, the applicable Pricing Agreement. The principal amount of each Bond, together with any accrued but unpaid interest, shall be due and payable in full on the applicable maturity date for such Bond.
Interest Rates and Payment. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (i) Base --- ----- Rate and (ii) from June 20, 1998 and until the end of the Waiver Period, one-half of one percent (.50%).
(b) Each LIBOR Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (i) Adjusted --- ----- LIBOR and (ii) (a) prior to June 20, 1998, one-half of one percent (.50%), and (b) from June 20, 1998 and until the end of the Waiver Period, one and one-quarter of one percent (1.25%).
(c) Each Eurorate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (i) --- ----- Adjusted Eurorate and (ii) (a) prior to June 20, 1998, one-half of one percent (.50%), and (b) from June 20, 1998 and until the end of the Waiver Period, one and one-quarter of one percent (1.25%)."
(b) In addition, as of June 20, 1998 and until the end of the Waiver Period hereunder, the reference to "two-tenths of one percent (0.2%)" in Section 2.06 (Fees) is hereby deleted and replaced with "(0.35%)."
Interest Rates and Payment. (a) Each Note shall bear interest, payable quarterly in arrears unless otherwise agreed by the parties hereto and set forth in the applicable Pricing Agreement, on the outstanding principal amount thereof (computed on the basis of a 360-day year and the actual number of days elapsed) from its date of issuance until final payment on the maturity date thereof or otherwise at a variable rate per annum equal to the LIBOR Rate for each Interest Period plus the Applicable Margin. The LIBOR Rate shall reset as of the first day of each Interest Period. The (i) initial LIBOR Rate and (ii) Applicable Margin for the term of each Note shall be specified in the applicable Pricing Agreement. Interest only shall be payable on each Interest Payment Date. The Interest Payment Dates shall be determined at the time of an advance and set forth in the applicable Pricing Agreement. The principal amount of each Note, together with any accrued but unpaid interest, shall be due and payable on the maturity date for such Note.
Interest Rates and Payment. (a) Interest shall accrue on the outstanding principal amount of Advances, during each Interest Period, at a per annum rate equal to 1.25 percent above the LIBOR Rate for that Interest Period. Borrower shall pay such accrued interest to Bank in arrears on the first Business Day of each calendar month and at maturity. Bank is hereby irrevocably authorized to debit any account of Borrower with Bank to make any interest payment on its due date. Nothing herein to the contrary withstanding, interest shall accrue on any overdue principal of Advances, fees or other Obligations at a floating per annum rate equal to the Default Rate and be payable on demand.
(b) If Bank determines that for any period of time it is impossible or unfeasible for it to obtain funds in the London interbank market and so notifies Borrower, the outstanding principal amount of Advances shall, prior to their maturity, bear interest during that period at a floating per annum rate equal to .50 percent below the Prime Rate.
Interest Rates and Payment. DATES(a).
(a) Each Fixed Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Fixed Rate in effect for such day.
(i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Loans and Reimbursement Obligations (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to the Fixed Rate plus 2.0%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to Fixed Rate Loans plus 2.0%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(c) Interest shall be payable in arrears on each Interest Payment Date, PROVIDED that interest accruing pursuant to paragraph (b) of this Section shall be payable from time to time on demand.
Interest Rates and Payment. Except as provided in subsection 2.3.2, the Principal Balance of the Term Loan shall bear interest at a per annum rate equal to the Base Rate, plus the Applicable Margin. Interest shall be payable in arrears on each
Interest Rates and Payment. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due and payable, at a rate per annum equal to the lesser of (i) the sum of the Base Rate as in effect for each such day minus the Applicable Margin and (ii) the Maximum Rate. Accrued, unpaid interest on the outstanding principal of the Base Rate Loans shall be due and payable on each Monthly Date. Any principal of and, to the extent permitted by Law, accrued and unpaid interest on any Base Rate Loan which has become due
Interest Rates and Payment. Except as provided in subsection 2.3.2 and subject to the provision contained in Section 2.4, (i) the Principal Balance of the Term Loan A shall bear interest at a per annum rate equal to the Base Rate, plus one percent (1.0%) and (ii) the Revolving Loan (including, without limitation, the Term Loan B Portion thereof) shall bear interest at a per annum rate equal to the LIBOR or the Base Rate, as the case may be, plus the Applicable Margin. Interest shall be payable in arrears on each Interest Payment Date. Interest also shall be paid on the date of any payment or prepayment of the Loans pursuant to Sections 2.6 and 2.8.
Interest Rates and Payment. 9.2 Successor Agent.............. 22 Date......................... 9 --------------- ---- 9.3 Duties of Agent.............. 22 4.2
