Nominal Rates. The principle of deemed reinvestment of interest shall not apply to any interest calculation under this Guarantee; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after demand, default and judgment. The rates of interest specified in this Guarantee are intended to be nominal rates and not effective rates and any interest calculated hereunder shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 17 contracts
Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Credit Agreement (Greenfire Resources Ltd.)
Nominal Rates. The principle of deemed reinvestment of interest shall not apply to any interest calculation under this Guarantee; all Debenture. All interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, after as well as before and after demandmaturity, default and judgment. The rates of interest specified in this Guarantee Debenture are intended to be nominal rates and not effective rates and any interest rates. Interest calculated hereunder shall be calculated using the nominal rate method and not the effective rate method of calculation.
Appears in 2 contracts
Samples: Fixed and Floating Charge Debenture, Demand Debenture (Johnstone Tank Trucking Ltd.)
Nominal Rates. The principle of deemed reinvestment of interest shall not apply to any interest calculation under this Guarantee; all Debenture. All interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after demandmaturity, default and judgment. The rates of interest specified in this Guarantee Debenture are intended to be nominal rates and not effective rates and any interest rates. Interest calculated hereunder shall 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 GuaranteeAgreement; all interest payments to be made hereunder shall be paid without allowance or deduction for deemed reinvestment or otherwise, before and after demandmaturity, default and judgment. The rates of interest specified in this Guarantee Agreement are intended to be nominal rates and not effective rates and any interest 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: Subordinated Debt Agreement
