Payment of Interest on LIBOR Loans Sample Clauses

Payment of Interest on LIBOR Loans. The Borrower shall pay to the Agent on behalf of each Lender interest on each LIBOR Loan owed to such Lender in US Dollars at the Agent’s Account for Payments at the rate, expressed on the basis of a 360 day year, equal to the sum of:
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Payment of Interest on LIBOR Loans. Rate. The Borrower shall pay interest on each Libor Loan in US Dollars for the period commencing on and including the first day of the Libor Interest Period applicable to such Libor Loan up to but not including the Libor Interest Date, at the rate per annum determined by the Lender to be equal to the sum of Libor plus 1.25
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Payment of Interest on LIBOR Loans. On each LIBOR Interest Payment Date, the Borrower shall pay the Agent for the account of the Lenders interest in US Dollars on Borrowings by way of LIBOR Loans at a rate per annum equal to LIBOR plus the Applicable LIBOR Margin, on the applicable LIBOR Interest Payment Date. The Agent shall calculate the interest daily on the basis of the actual number of days elapsed divided by three hundred and sixty (360). For the purpose of the Interest Act (Canada), the yearly rates of interest to which the rates determined in accordance with this Section 7.3 are equivalent, are the rates so determined, multiplied by the actual number of days in the particular calendar year and divided by three hundred and sixty (360). Upon determination, on the LIBOR Interest Payment Date, of the rate of interest applicable to a LIBOR Loan, the Agent shall notify the Borrower of this rate which, in the absence of manifest error, shall then be binding on the Borrower and the Lenders.
Sample 1
Payment of Interest on LIBOR Loans. Rate. The Borrower shall pay interest on each Libor Loan in US Dollars for the period commencing on and including the first day of the Libor Interest Period applicable to such Libor Loan up to but not including the Libor Interest Date, at the rate per annum determined by the Lender to be equal to the sum of Libor plus the Applicable Margin. Each such determination of the rate of interest applicable to a Libor Interest Period shall, prima facie, be final, and binding upon the Borrower. Upon determination of the rate of interest applicable to a Libor Interest Period applicable to a Libor Loan, the Lender shall promptly notify the Borrower of such rate.
Sample 1
Payment of Interest on LIBOR Loans. On each Interest Payment Date in respect of each LIBOR Loan, the Borrower shall pay to the Agent interest at LIBOR for the applicable Interest Period. Upon determination of the applicable rate of interest on any LIBOR Loan, the Agent shall notify the Borrower of this rate. The Agent will compute the interest on the basis of the actual number of days elapsed in the period for which such interest is payable divided by three hundred and sixty (360). The applicable rate of interest for each LIBOR Loan will change simultaneously with any change in LIBOR or the Applicable Margin.
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Related to Payment of Interest on LIBOR Loans

  • Rates and Payment of Interest on Loans (a) Rates. The Borrowers promise to pay to the Agent for the account of each Lender interest on the unpaid principal amount of each Loan made by such Lender for the period from and including the date of the making of such Loan to but excluding the date such Loan shall be paid in full, at the following per annum rates: (i) during such periods as such Loan is a Base Rate Loan, at the Base Rate (as in effect from time to time) plus the Applicable Margin (utilizing the applicable "Base Rate Margin" as identified in the definition of Applicable Margin, it being acknowledged that the Applicable Margin is a negative number, the addition of which will result in an interest rate applicable to Base Rate Loans which is lower than the corresponding Base Rate); (ii) during such periods as such Loan (other than a Competitive Advance) is a LIBOR Loan, at the Adjusted Eurodollar Rate for such Loan for the Interest Period therefor plus the Applicable Margin (utilizing the applicable "LIBOR Margin" as identified in the definition of Applicable Margin); and (iii) with respect to each Competitive Advance, at the margin over the Adjusted Eurodollar Rate determined pursuant to Section 2.3. Notwithstanding the foregoing, during the continuance of an Event of Default, the Borrowers shall pay to the Agent for the account of each Lender interest at the Post-Default Rate on the outstanding principal amount of any Loan made by such Lender, on all Reimbursement Obligations and on any other amount payable by the Borrowers hereunder or under the Notes held by such Lender to or for the account of such Lender (including without limitation, accrued but unpaid interest to the extent permitted under Applicable Law). (b)

  • Interest on Loans (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Interest on Revolving Loans The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 360 days for the actual number of days elapsed) or (ii) the Swing Line Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Payment of Interest on the Credit Extensions (a) Interest Rate.

  • Interest on Term Loan The Credit Agreement is hereby further amended by deleting ss.4.5.1. thereto in its entirety and substituting in lieu thereof the following new ss.4.5.1.:

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Arrears 5.19.1 If the Tenant shall fail to pay the Rents or any other sum due under this Lease within 14 days of the date due whether formally demanded or not (save for Rent or any other sum the amount of which was tote notified by the Landlord who has failed to do so) the Tenant shall pay to the Landlord Interest (compounded on each quarter day) on the Rents or other sum from the date when they were due to the date on which they are paid and such Interest shall be deemed to be rents due to the Landlord

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