Nominal Rates; No Deemed Reinvestment. The principle of deemed reinvestment of interest shall not apply to any interest calculation under this Agreement; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after maturity, default and judgment. The rates of interest specified in this Agreement are intended to be nominal rates and not effective rates. Interest calculated hereunder shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 44 contracts
Samples: Credit Agreement (Ovintiv Inc.), Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)
Nominal Rates; No Deemed Reinvestment. The principle of deemed reinvestment of interest shall not apply to any interest calculation under this Agreement; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after maturity, default and judgment. The rates of interest specified in this Agreement are intended to be nominal rates and not effective rates. Interest calculated hereunder shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 11 contracts
Samples: Credit Agreement (Coca-Cola Enterprises, Inc.), Credit Agreement (Coca Cola Co), Credit Agreement (International CCE Inc.)
Nominal Rates; No Deemed Reinvestment. The principle of deemed reinvestment of interest shall not apply to any interest calculation under this Agreement; Agreement and all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after maturity, default and judgment. The rates of interest specified in this Agreement are intended to be nominal rates and not effective rates. Interest calculated hereunder shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 1 contract
Samples: Bridge Loan Agreement (Ipsco Inc)
Nominal Rates; No Deemed Reinvestment. The principle of deemed reinvestment of interest shall will not apply to any interest calculation under this Agreement; all interest payments to be made hereunder shall will be paid without allowance or deduction for deemed reinvestment or otherwise, before and after maturity, default and judgment. The rates of interest specified in this Agreement are intended to be nominal rates and not effective rates. Interest calculated hereunder shall will be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 1 contract
Nominal Rates; No Deemed Reinvestment. The principle of deemed ------------------------------------- reinvestment of interest shall not apply to any interest calculation under this Agreement; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after maturity, default and judgment. The rates of interest specified in this Agreement are intended to be nominal rates and not effective rates. Interest calculated hereunder shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 1 contract
Samples: Credit Agreement (Commercial Aggregates Transportation & Sales LLC)
