Late Charge; Interest Tenant acknowledges that the late payment of Base Rent or any other amounts payable by Tenant to Landlord hereunder (all of which shall constitute additional rental to the same extent as Base Rent) will cause Landlord to incur administrative costs and other damages, the exact amount of which would be impracticable or extremely difficult to ascertain. Landlord and Tenant agree that if Landlord does not receive any such payment on or before five (5) days after the date the payment is due, Tenant shall pay to Landlord, as additional rent, (a) a late charge equal to five percent (5%) of the overdue amount to cover such additional administrative costs; and (b) interest on the delinquent amounts at the lesser of the maximum rate permitted by law if any or twelve percent (12%) per annum from the date due to the date paid.
Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.
Deferred Interest Not applicable.
Interim Interest If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Common Interest All information exchanged between the Parties regarding the Prosecution and Maintenance, and enforcement and defense, of the Patents under this Section 14 will be deemed Confidential Information of the disclosing Party. In addition, the Parties acknowledge and agree that, with regard to such Prosecution and Maintenance, and enforcement and defense, the interests of the Parties as collaborators and licensor and licensee are to obtain the strongest patent protection possible, and as such, are aligned and are legal in nature. The Parties agree and acknowledge that they have not waived, and nothing in this Agreement constitutes a waiver of, any legal privilege concerning the Patents under this Section 14, including privilege under the common interest doctrine and similar or related doctrines. Notwithstanding anything to the contrary contained herein, to the extent a Party has a good faith believe that any information required to be disclosed by such Party to the other Party under this Section 14 is protected by attorney-client privilege or any other applicable legal privilege or immunity, such Party shall not be required to disclose such information and the Parties shall in good faith cooperate to agree upon a procedure (including entering into a specific common interest agreement, disclosing such information on a “for counsel eyes only” basis or similar procedure) under which such information may be disclosed without waiving or breaching such privilege or immunity.
Periodic Interest “Periodic Interest” will be payable on each Tranche of the Securitization Bonds on each Payment Date in an amount equal to one-half of the product of (i) the applicable Securitization Bond Interest Rate and (ii) the Outstanding Amount of the related Tranche of Securitization Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Tranche of Securitization Bonds on such preceding Payment Date; provided, however, that, with respect to the Initial Payment Date, or if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Closing Date to, but excluding, the following Payment Date.
Interest Amount Unless otherwise specified in Paragraph 13 and subject to Paragraph 4(a), in lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash (all of which may be retained by the Secured Party), the Secured Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed to be a Valuation Date for this purpose). The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2.
Simple Interest Each Receivable provides for scheduled monthly payments that fully amortize the Amount Financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and provides for a finance charge or yield interest at its APR, in either case calculated based on the Simple Interest Method.
Regular Interests Pooling-Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Swap Assets, (iii) the Excess Reserve Fund Account, and (iv) the right of the Offered Certificates to receive Upper-Tier CarryForward Amounts including, but without duplication, Basis Risk CarryForward Amounts and the obligation to pay Class IO Shortfalls). For federal income tax purposes, each Class of Offered Certificates represents a beneficial ownership of a regular interest in the Upper-Tier REMIC, the right to receive Upper-Tier CarryForward Amounts (including, but without duplication, Basis Risk CarryForward Amounts), and the obligation to pay Class IO Shortfalls; the Class X Certificates represent beneficial ownership of the Class X Interest, the Class IO Interest, the Interest Rate Swap Agreement, the Swap Account, the Excess Reserve Fund Account and the right to receive Class IO Shortfalls, subject to the obligation to pay Upper-Tier CarryForward Amounts (including, but without duplication, Basis Risk CarryForward Amounts); and the Class P Certificates represent beneficial ownership of the Prepayment Premiums, which portions of the Trust Fund shall be treated as a grantor trust. Pooling-Tier REMIC-1 Pooling-Tier REMIC-1 shall issue the following interests in Pooling-Tier REMIC-1, and each such interest, other than the Class PT1-R Interest is hereby designated as a regular interest in the Pooling-Tier REMIC-1. Pooling-Tier REMIC-1 Interests with an "I" in their designation shall relate to Loan Group I and Pooling Tier REMIC-1 Interests with a "II" in their designation shall relate to Loan Group II. Pooling-Tier REMIC-1 shall also issue the Class PT1-R Interest, which is hereby designated as the sole class of residual interest in Pooling-Tier REMIC-1. The Class PT1-R Interest shall be represented by the Class R Certificates, shall not have a principal balance and shall have no interest rate. Pooling-Tier REMIC-1 Initial Pooling-Tier REMIC-1 Pooling-Tier REMIC-1 Interest Interest Rate Principal Amount ------------------------------- -------------------- ---------------------------- Class PT1-I-1 (1) $ 21,923,060.51 Class PT1-I-2A (2) $ 18,231,751.88 Class PT1-I-2B (3) $ 18,231,751.88 Class PT1-I-3A (2) $ 9,887,132.83 Class PT1-I-3B (3) $ 9,887,132.83 Class PT1-I-4A (2) $ 9,509,304.53 Class PT1-I-4B (3) $ 9,509,304.53 Class PT1-I-5A (2) $ 9,151,924.20 Class PT1-I-5B (3) $ 9,151,924.20 Class PT1-I-6A (2) $ 8,825,694.08 Class PT1-I-6B (3) $ 8,825,694.08 Class PT1-I-7A (2) $ 8,514,431.73 Class PT1-I-7B (3) $ 8,514,431.73 Class PT1-I-8A (2) $ 8,217,071.19 Class PT1-I-8B (3) $ 8,217,071.19 Class PT1-I-9A (2) $ 7,932,590.08 Class PT1-I-9B (3) $ 7,932,590.08 Class PT1-I-10A (2) $ 7,659,994.40 Class PT1-I-10B (3) $ 7,659,994.40 Class PT1-I-11A (2) $ 7,398,361.27 Class PT1-I-11B (3) $ 7,398,361.27 Class PT1-I-12A (2) $ 7,146,337.06 Class PT1-I-12B (3) $ 7,146,337.06 Class PT1-I-13A (2) $ 6,898,858.70 Class PT1-I-13B (3) $ 6,898,858.70 Class PT1-I-14A (2) $ 6,633,819.24 Class PT1-I-14B (3) $ 6,633,819.24 Class PT1-I-15A (2) $ 6,345,967.13 Class PT1-I-15B (3) $ 6,345,967.13 Class PT1-I-16A (2) $ 6,070,663.81 Class PT1-I-16B (3) $ 6,070,663.81 Class PT1-I-17A (2) $ 5,807,359.92 Class PT1-I-17B (3) $ 5,807,359.92 Class PT1-I-18A (2) $ 5,555,530.44 Class PT1-I-18B (3) $ 5,555,530.44 Class PT1-I-19A (2) $ 6,235,599.52 Class PT1-I-19B (3) $ 6,235,599.52 Class PT1-I-20A (2) $ 10,040,675.50 Class PT1-I-20B (3) $ 10,040,675.50 Class PT1-I-21A (2) $ 42,420,379.95 Class PT1-I-21B (3) $ 42,420,379.95 Class PT1-I-22A (2) $ 43,204,615.47 Class PT1-I-22B (3) $ 43,204,615.47 Class PT1-I-23A (2) $ 768,011.88 Class PT1-I-23B (3) $ 768,011.88 Class PT1-I-24A (2) $ 740,433.97 Class PT1-I-24B (3) $ 740,433.97 Class PT1-I-25A (2) $ 713,848.40 Class PT1-I-25B (3) $ 713,848.40 Class PT1-I-26A (2) $ 688,221.81 Class PT1-I-26B (3) $ 688,221.81 Class PT1-I-27A (2) $ 663,524.86 Class PT1-I-27B (3) $ 663,524.86 Class PT1-I-28A (2) $ 639,787.25 Class PT1-I-28B (3) $ 639,787.25 Class PT1-I-29A (2) $ 616,874.73 Class PT1-I-29B (3) $ 616,874.73 Class PT1-I-30A (2) $ 594,726.08 Class PT1-I-30B (3) $ 594,726.08 Class PT1-I-31A (2) $ 656,575.22 Class PT1-I-31B (3) $ 656,575.22 Class PT1-I-32A (2) $ 633,022.04 Class PT1-I-32B (3) $ 633,022.04 Class PT1-I-33A (2) $ 2,245,127.40 Class PT1-I-33B (3) $ 2,245,127.40 Class PT1-I-34A (2) $ 701,127.82 Class PT1-I-34B (3) $ 701,127.82 Class PT1-I-35A (2) $ 402,567.07 Class PT1-I-35B (3) $ 402,567.07 Class PT1-I-36A (2) $ 388,953.75 Class PT1-I-36B (3) $ 388,953.75 Class PT1-I-37A (2) $ 375,792.64 Class PT1-I-37B (3) $ 375,792.64 Class PT1-I-38A (2) $ 363,069.29 Class PT1-I-38B (3) $ 363,069.29 Class PT1-I-39A (2) $ 350,769.18 Class PT1-I-39B (3) $ 350,769.18 Class PT1-I-40A (2) $ 338,882.33 Class PT1-I-40B (3) $ 338,882.33 Class PT1-I-41A (2) $ 327,387.60 Class PT1-I-41B (3) $ 327,387.60 Class PT1-I-42A (2) $ 316,276.08 Class PT1-I-42B (3) $ 316,276.08 Class PT1-I-43A (2) $ 305,535.34 Class PT1-I-43B (3) $ 305,535.34 Class PT1-I-44A (2) $ 295,153.38 Class PT1-I-44B (3) $ 295,153.38 Class PT1-I-45A (2) $ 285,118.35 Class PT1-I-45B (3) $ 285,118.35 Class PT1-I-46A (2) $ 275,419.77 Class PT1-I-46B (3) $ 275,419.77 Class PT1-I-47A (2) $ 266,044.90 Class PT1-I-47B (3) $ 266,044.90 Class PT1-I-48A (2) $ 256,984.00 Class PT1-I-48B (3) $ 256,984.00 Class PT1-I-49A (2) $ 248,226.78 Class PT1-I-49B (3) $ 248,226.78 Class PT1-I-50A (2) $ 239,763.26 Class PT1-I-50B (3) $ 239,763.26 Class PT1-I-51A (2) $ 231,583.78 Class PT1-I-51B (3) $ 231,583.78 Class PT1-I-52A (2) $ 223,679.01 Class PT1-I-52B (3) $ 223,679.01 Class PT1-I-53A (2) $ 216,039.90 Class PT1-I-53B (3) $ 216,039.90 Class PT1-I-54A (2) $ 208,657.65 Class PT1-I-54B (3) $ 208,657.65 Class PT1-I-55A (2) $ 5,811,478.80 Class PT1-I-55B (3) $ 5,811,478.80 Class PT1-II-1 (4) $ 68,750,924.69 Class PT1-II-2A (5) $ 57,174,945.97 Class PT1-II-2B (6) $ 57,174,945.97 Class PT1-II-3A (5) $ 31,006,141.87 Class PT1-II-3B (6) $ 31,006,141.87 Class PT1-II-4A (5) $ 29,821,268.77 Class PT1-II-4B (6) $ 29,821,268.77 Class PT1-II-5A (5) $ 28,700,520.65 Class PT1-II-5B (6) $ 28,700,520.65 Class PT1-II-6A (5) $ 27,677,459.92 Class PT1-II-6B (6) $ 27,677,459.92 Class PT1-II-7A (5) $ 26,701,338.27 Class PT1-II-7B (6) $ 26,701,338.27 Class PT1-II-8A (5) $ 25,768,812.81 Class PT1-II-8B (6) $ 25,768,812.81 Class PT1-II-9A (5) $ 24,876,677.37 Class PT1-II-9B (6) $ 24,876,677.37 Class PT1-II-10A (5) $ 24,021,814.75 Class PT1-II-10B (6) $ 24,021,814.75 Class PT1-II-11A (5) $ 23,201,330.78 Class PT1-II-11B (6) $ 23,201,330.78 Class PT1-II-12A (5) $ 22,410,980.49 Class PT1-II-12B (6) $ 22,410,980.49 Class PT1-II-13A (5) $ 21,634,886.00 Class PT1-II-13B (6) $ 21,634,886.00 Class PT1-II-14A (5) $ 20,803,719.76 Class PT1-II-14B (6) $ 20,803,719.76 Class PT1-II-15A (5) $ 19,901,012.82 Class PT1-II-15B (6) $ 19,901,012.82 Class PT1-II-16A (5) $ 19,037,658.99 Class PT1-II-16B (6) $ 19,037,658.99 Class PT1-II-17A (5) $ 18,211,935.53 Class PT1-II-17B (6) $ 18,211,935.53 Class PT1-II-18A (5) $ 17,422,195.91 Class PT1-II-18B (6) $ 17,422,195.91 Class PT1-II-19A (5) $ 19,554,898.93 Class PT1-II-19B (6) $ 19,554,898.93 Class PT1-II-20A (5) $ 31,487,653.15 Class PT1-II-20B (6) $ 31,487,653.15 Class PT1-II-21A (5) $ 133,030,711.90 Class PT1-II-21B (6) $ 133,030,711.90 Class PT1-II-22A (5) $ 135,490,081.88 Class PT1-II-22B (6) $ 135,490,081.88 Class PT1-II-23A (5) $ 2,408,492.52 Class PT1-II-23B (6) $ 2,408,492.52 Class PT1-II-24A (5) $ 2,322,007.93 Class PT1-II-24B (6) $ 2,322,007.93 Class PT1-II-25A (5) $ 2,238,635.30 Class PT1-II-25B (6) $ 2,238,635.30 Class PT1-II-26A (5) $ 2,158,270.09 Class PT1-II-26B (6) $ 2,158,270.09 Class PT1-II-27A (5) $ 2,080,820.24 Class PT1-II-27B (6) $ 2,080,820.24 Class PT1-II-28A (5) $ 2,006,378.85 Class PT1-II-28B (6) $ 2,006,378.85 Class PT1-II-29A (5) $ 1,934,524.97 Class PT1-II-29B (6) $ 1,934,524.97 Class PT1-II-30A (5) $ 1,865,066.62 Class PT1-II-30B (6) $ 1,865,066.62 Class PT1-II-31A (5) $ 2,059,026.08 Class PT1-II-31B (6) $ 2,059,026.08 Class PT1-II-32A (5) $ 1,985,163.11 Class PT1-II-32B (6) $ 1,985,163.11 Class PT1-II-33A (5) $ 7,040,740.70 Class PT1-II-33B (6) $ 7,040,740.70 Class PT1-II-34A (5) $ 2,198,743.48 Class PT1-II-34B (6) $ 2,198,743.48 Class PT1-II-35A (5) $ 1,262,454.13 Class PT1-II-35B (6) $ 1,262,454.13 Class PT1-II-36A (5) $ 1,219,762.65 Class PT1-II-36B (6) $ 1,219,762.65 Class PT1-II-37A (5) $ 1,178,489.26 Class PT1-II-37B (6) $ 1,178,489.26 Class PT1-II-38A (5) $ 1,138,588.71 Class PT1-II-38B (6) $ 1,138,588.71 Class PT1-II-39A (5) $ 1,100,015.47 Class PT1-II-39B (6) $ 1,100,015.47 Class PT1-II-40A (5) $ 1,062,738.17 Class PT1-II-40B (6) $ 1,062,738.17 Class PT1-II-41A (5) $ 1,026,690.60 Class PT1-II-41B (6) $ 1,026,690.60 Class PT1-II-42A (5) $ 991,844.77 Class PT1-II-42B (6) $ 991,844.77 Class PT1-II-43A (5) $ 958,161.71 Class PT1-II-43B (6) $ 958,161.71 Class PT1-II-44A (5) $ 925,603.77 Class PT1-II-44B (6) $ 925,603.77 Class PT1-II-45A (5) $ 894,133.85 Class PT1-II-45B (6) $ 894,133.85 Class PT1-II-46A (5) $ 863,718.98 Class PT1-II-46B (6) $ 863,718.98 Class PT1-II-47A (5) $ 834,319.30 Class PT1-II-47B (6) $ 834,319.30 Class PT1-II-48A (5) $ 805,904.25 Class PT1-II-48B (6) $ 805,904.25 Class PT1-II-49A (5) $ 778,441.52 Class PT1-II-49B (6) $ 778,441.52 Class PT1-II-50A (5) $ 751,899.84 Class PT1-II-50B (6) $ 751,899.84 Class PT1-II-51A (5) $ 726,248.92 Class PT1-II-51B (6) $ 726,248.92 Class PT1-II-52A (5) $ 701,459.49 Class PT1-II-52B (6) $ 701,459.49 Class PT1-II-53A (5) $ 677,503.15 Class PT1-II-53B (6) $ 677,503.15 Class PT1-II-54A (5) $ 654,352.35 Class PT1-II-54B (6) $ 654,352.35 Class PT1-II-55A (5) $ 18,224,852.35 Class PT1-II-55B (6) $ 18,224,852.35 Class PT1-R (7) (7) ----------------------
Class A Certificate 7 Class A Principal Distribution Amount..........................................................7