Rate of Interest; Accrual Sample Clauses

Rate of Interest; Accrual. The Notes shall bear interest on their principal amount from, and including, May 3, 2019 at the rate of 3.15% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
Sample 1See All (5)
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Rate of Interest; Accrual. The Debentures shall bear interest on their principal amount: (i) from, and including, January 10, 2013, to, but excluding, January 15, 2023 or any earlier Redemption Date, at the rate of 5.100% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months, and (ii) from, and including, January 15, 2023 to, but excluding, the Maturity Date or any earlier Redemption Date at an annual rate equal to Three-Month LIBOR plus 3.165%, computed on the basis of a 360-day year and the actual number of days elapsed. Defaulted Interest and interest deferred pursuant to Section 2.06 will bear interest, to the extent permitted by law, at the interest rate in effect from time to time provided in this Section 2.05(a), from, and including, the relevant Interest Payment Date, compounded on each subsequent Interest Payment Date.
Sample 1
Rate of Interest; Accrual. The Notes shall bear interest on their principal amount: (i) from, and including, September 16, 2014, to, but excluding, September 15, 2024 or any earlier Redemption Date, at the rate of 6.000% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months, and (ii) from, and including, September 15, 2024 to, but excluding, the Maturity Date or any earlier Redemption Date, at an annual rate equal to Three-month LIBOR plus 3.315% (each such rate, a “Floating Rate Period Interest Rate”), computed on the basis of a 360-day year and the actual number of days elapsed. The Company will make the Floating Rate Period Interest Rate available to any Holder upon request.
Sample 1
Rate of Interest; Accrual. The Notes shall bear interest on their principal amount: (i) from, and including, May 8, 2017 to, but excluding, May 8, 2027, at the rate of 3.375% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months, and (ii) unless the Notes are redeemed on the Redemption Date as provided herein, from, and including, May 8, 2027 to, but excluding, May 8, 2032 at an annual rate equal to Three-Month LIBOR plus 1.131%, computed on the basis of a 360-day year and the actual number of days elapsed. The rate of interest payable during each Floating-Rate Interest Period is subject to the maximum interest rate permitted by the law of the State of New York or other applicable state law, as such law may be modified by United States law of general application. Additionally, the rate of interest payable during any Floating-Rate Interest Period shall in no event be lower than zero.
Sample 1
Rate of Interest; Accrual. The Junior Subordinated Notes shall bear interest on their principal amount: (i) from, and including, May 7, 2015 to, but excluding, May 15, 2020 or any earlier Redemption Date, at a rate of 4.700% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months; and (ii) from, and including, May 15, 2020 to, but excluding, the Maturity Date or any earlier Redemption Date, at a rate per annum equal to Three-month LIBOR, plus 3.044%, computed on the basis of a 360-day year and the actual number of days elapsed. Defaulted Interest and deferred interest pursuant to Section 1.3(d) shall bear Additional Interest, at the then-applicable annual interest rate provided in this Section 1.3(b), compounded on each Interest Payment Date, subject to applicable law.
Sample 1

Related to Rate of Interest; Accrual

  • Interest Accrual Each Class of Notes will accrue interest on its Note Balance for each Interest Period until the Note Balance has been paid in full at a rate per annum equal to its Note Interest Rate for that Interest Period. Interest on the Class A-1 and Class A-2b Notes will be calculated for each Interest Period on the basis of the actual number of days in the Interest Period and a 360-day year. Interest on the Notes (other than the Class A-1 and Class A-2b Notes) for each Interest Period will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Interest on each Note for each Interest Period will be due and payable on the related Payment Date.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to: (A) in the case of Floating Rate Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note; or (B) in the case of Floating Rate Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the product of the amounts (determined in the manner provided above) for the Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination, without any further rounding.

  • Rate of Interest The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined in the manner specified in the applicable Final Terms.

  • Rate of Accrual All full-time employees shall be credited with five (5) hours of paid sick leave per pay period.

  • Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Notification of Rate of Interest and Interest Amounts The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and notice thereof to be published in accordance with Condition 15 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly notified to each stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 15. For the purposes of this paragraph, the expression “

  • Normal rate of interest Subject to the provisions of this Agreement, the rate of interest on the Loan in respect of an Interest Period shall be the aggregate of the Margin and LIBOR for that Interest Period.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Alternate Rate of Interest; Illegality (a) If prior to the commencement of any Interest Period for a Eurodollar Borrowing: (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period; or (ii) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone, telecopy or other electronic transmission as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (x) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective, and (y) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. (b) If any Lender reasonably determines that any Change in Law has made it unlawful, or that any Governmental Authority has asserted after the Effective Date that it is unlawful, for such Lender or its applicable lending office to make or maintain any Eurodollar Borrowing, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligations of such Lender to make or continue any Eurodollar Borrowing or to convert ABR Borrowings to Eurodollar Borrowings shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall upon demand from such Lender (with a copy to the Administrative Agent), either convert all Eurodollar Borrowings of such Lender to ABR Borrowings, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Borrowings to such day, or immediately, if such Lender may not lawfully continue to maintain such Loans (in which case the Borrower shall not be required to make payments pursuant to Section 2.13 in connection with such payment). Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different lending office if such designation will avoid the need for such notice and will not, in the determination of such Lender, otherwise be disadvantageous to it.

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