Rate and Calculation. The rate of interest applicable to each Loan for an Interest Period relating to that Loan shall be the rate per annum which is the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the applicable Interest Period but excluding the last, and shall be paid in arrears on the applicable Interest Payment Date.
Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Interest Period shall be the rate per annum determined by the Lender to be the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall in the case of an Interest Period of less than twelve (12) months be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrear on the Repayment Date. For the avoidance of doubt, interest shall be calculated on a simple and not compound basis.
Rate and Calculation. Subject to any applicable waivers and the qualifications below, as compensation for the Distribution Services and Shareholder Services rendered herein, Distributor will pay Company or Company Distributor a quarterly 12b-1 distribution and service fee at the rate set forth in each applicable Fund’s Prospectus and related Rule 12b-1 plan established pursuant to Rule 12b-1 under the 1940 Act (“Rule 12b-1 Plan”) (the “Distribution and Service 12b-1 Fee”). To the extent that Company receives a Distribution and Service 12b-1 Fee, it will pass the entire amount to the Company Distributor. Company Parties acknowledge that any Distribution and Service 12b-1 Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. Company Parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Company Parties agree to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund.
Rate and Calculation. Revolving Loan Facility applicable to each Advance or the relevant part thereof for each Interest Period shall be the rate per annum determined by the Bank to be the aggregate of LIBOR for that Interest Period or the Bank's cost of fund, whichever is higher, plus 1.3% p.a.. Facility II
Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof shall be the rate per annum equal to the Interest Rate. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period in which it accrues but excluding the last, and shall be payable in arrears on the last day of each Interest Period.
Rate and Calculation. The rate of interest applicable to the Term Loan (or any part thereof) and to each Tranche C Advance shall be the rate per annum determined by the Facility Agent to be the aggregate of LIBOR for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed and a 360 day year, including the first day of the period during which it accrues but excluding the last, and shall be paid in arrear on each Interest Payment Date. The Agent shall notify the Borrower and the Lenders of each interest rate determined under this Clause.
Rate and Calculation. (a) The rate of interest applicable to each Advance under the Tranche A Facility for each Interest Period shall be the rate per annum determined by the Agent to be the aggregate of HIBOR for that Interest Period and the Tranche A Margin.
Rate and Calculation. When evidenced by a Floating Rate Note, the Loan -------------------- shall bear interest at the then applicable Floating Rate. When evidenced by a Fixed Rate Note, the Loan shall bear interest at the Fixed Rate. Interest shall accrue from day to day during each Interest Period, including the first day of such Interest Period but excluding the last, and (i) on or prior to the Conversion or if the Determination Date has occurred, shall be paid, in arrears, on the last day of each Interest Period (or, in the case of an Interest Period with a duration of less than one (1) month, such later date as the Facility Agent may agree) and (ii) after the Conversion, shall be paid in arrears on each Payment Date. The Floating Rate shall be calculated on the basis of a year of 360 days and actual days elapsed. The Fixed Rate shall be calculated on the basis of a 360-day year consisting of twelve (12) months of thirty (30) days each. Default interest shall accrue from day to day and shall be calculated on the basis of a year of 360 days and the actual number of days elapsed and shall otherwise be payable in accordance with Clause 14.
Rate and Calculation. Subject to the qualifications below, as compensation for the Services rendered herein, Distributor will pay Company Distributor a quarterly 12b-1 Distribution Fee and the Company a quarterly 12b-1 Service Fee at the rate set forth in each applicable Fund’s Prospectus and related Rule 12b-1 plan established pursuant to Rule 12b‑1 under the 1940 Act (“Rule 12b-1 Plan”). Company Parties acknowledge that any 12b-1 Fee compensation paid to it will only derive from applicable amounts paid to the Distributor from the applicable Fund. Company Parties also acknowledge and agree that the Distributor shall not be responsible for the payment of any such fee unless and until the Distributor has received such fee from the applicable Fund, and the Company Parties agree to waive payment of such fee unless and until the Distributor has received payment from the applicable Fund.
Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Interest Period shall be the rate per annum computed by the Lender to be the aggregate of the Cost of Funds for that Interest Period and the Margin. Interest shall accrue from day to day, shall be calculated on the basis of the actual number of days elapsed on a 360 day 16 - 13 - year, including the first day of the period during which it accrues but excluding the last, and shall be paid (subject to Clause 5.1) in arrears on the last day of each Interest Period applicable to the amount in respect of which interest is payable. The Lender shall notify the Borrower in writing of each interest rate determined under this Clause within three (3) working days after value date of drawdown.
