Loan Interest Rates. Borrower shall pay interest on the unpaid principal amount of each Loan from the date of such Loan until the maturity or prepayment thereof at one of the following rates per annum:
Loan Interest Rates. The average interest rates for loans granted per authority of this Agreement shall range from fifty (50%) percent of prime at the time of loan approval to three (3) points over prime. However, in no cases shall the rate charged be less than two (2%) percent. The rate may include a sliding rate and provide for the deferral of interest and principal. The determination of interest rates shall be based on: number of jobs generated and/or retained, the pay levels and benefits of the jobs created and/or retained, amount of tax base created, type of business, diversification of local economy, and needs of local economy.
Loan Interest Rates. At the date of each borrowing of a Loan and at the commencement of each Interest Period (with the required prior notice described in this Section 4), the Borrower may select the LIBO Rate (subject to Section 4.4 below) or the Alternate Base Rate as the Interest Rate applicable for each Loan during such Interest Period. The Borrower shall by 12:00 noon (Pittsburgh, Pennsylvania time): (a) at least three (3) Business Days prior to the commencement of any Interest Period with respect to which the LIBO Rate is being requested as a new Interest Rate and (b) at least one (1) Business Day prior to the commencement of any Interest Period with respect to which the Alternate Base Rate is being requested as a new Interest Rate, give the Agent irrevocable notice of the new Interest Rate for the Loan associated with such new Interest Period and the duration of such Interest Period.
Loan Interest Rates. Borrower hereby promises to pay interest on the unpaid principal amount of the Loans as provided in Section 3.1 below at the floating per annum rate of interest equal to the Prime Rate plus the Prime Rate Margin for the period commencing on the date such Loans are disbursed until the date such Loans are paid in full. Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default, the unpaid principal amount of the Loans shall, at Agent’s option, or if the Required Lenders request, bear interest at the Default Rate.
Loan Interest Rates. At the date of each borrowing of a Loan and at the commencement of each Interest Period (with the required prior notice described in this Section 4), the Borrower may select Adjusted SMIR (subject to Sections 4.4 andSection 4.6 below) or the Alternate Base Rate as the Interest Rate applicable for each Loan during such Interest Period; provided, however, that if such Loan is being funded by a Conduit Lender through the issuance of Notes, the applicable CP Rate shall apply for each Interest Period for such Loan (unless the Default Rate is then applicable). The Borrower shall by 12:00 noon (New York City time): (a) at least three (3) Business Days prior to the commencement of any Interest Period with respect to which Adjusted SMIR is being requested as a new Interest Rate and (b) at least one (1) Business Day prior to the commencement of any Interest Period with respect to which the Alternate Base Rate is being requested as a new Interest Rate, give the Administrative Agent irrevocable notice of the new Interest Rate for the Loan associated with such new Interest Period and the duration of such Interest Period.
Loan Interest Rates. At the date of each borrowing of a Loan and at the commencement of each Interest Period (with the required prior notice described in this Section 4), the Borrower may select the LIBO Rate (subject to Section 4.4 below) or the Alternate Base Rate as the Interest Rate applicable for each Loan during such Interest Period. The Borrower shall by 12:00 noon (Atlanta time): (a) at least three (3) Business Days prior to the commencement of any Interest Period with respect to which the LIBO Rate is being requested as a new Interest Rate and (b) at least one (1) Business Day prior to the commencement of any Interest Period with respect to which the Alternate Base Rate is being requested as a new Interest Rate, give the Agent irrevocable notice of the new Interest Rate for the Loan associated with such new Interest Period and the duration of such Interest Period.
