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.
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Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Loan for an Interest Period relating to that Loan shall be the rate per annum which is 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 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 period during which it accrues but excluding the last, and shall be paid in arrears arrear on the applicable each Interest Payment Date.
Appears in 1 contract
Samples: Mindray Medical International LTD
Rate and Calculation. The rate of interest applicable to the Loan or the relevant part thereof for each Loan for an Interest Period relating to that Loan shall be the rate per annum which is conclusively determined by 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 applicable Interest Period period during which it accrues but excluding the last, and shall be paid in arrears on the applicable each Interest Payment Date. Agent shall notify Borrower and the Lenders of each interest rate determined under this Section.
Appears in 1 contract
Rate and Calculation. The rate of interest applicable to each the Loan for an each Interest Period relating to that Loan shall be the rate per annum which is conclusively determined by 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 applicable Interest Period but excluding the last, and shall be paid in arrears on the applicable Interest Payment Date.period during which it accrues but
Appears in 1 contract
Samples: Agreement (Amkor Technology Inc)
