Section Interest. The Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate.
Section Interest. No interest shall be paid by the Partnership on Capital Contributions or on balances in Partners' Capital Accounts.
Section Interest. (a) The Notes will bear interest at the Interest Rates (as defined below) from April 5, 2001, until the principal thereof becomes due and payable. Interest on the Notes will be payable semi-annually in arrears on April 1 and October 1 of each year, commencing October 1, 2001, to the Person in whose name any such Note or any predecessor Note is registered, at the close of business on the regular record date for such interest installment, which, in the case of a Global Security, shall be the close of business on the March 15 and September 15 next preceding such Interest Payment Date. Notwithstanding the foregoing sentence, if the Notes are no longer in book-entry only form, the regular record dates for the Notes, shall be the March 15 and September 15 prior to the applicable Interest Payment Date.
(b) The interest rate in respect of the Senior Notes due 2011 will be 7.75% per annum (the "2011 Notes Interest Rate") and the interest rate in respect of the Senior Notes due 2031 will be 8.625% per annum (the "2031 Notes Interest Rate" and, together with the 2011 Notes Interest Rate, the "Interest Rates").
(c) In the event that any date on which interest is payable on the Notes is not a Business Day, then payment of interest payable on such date will be made on the next succeeding day which is a Business Day, with the same force and effect as if made on such date, and no interest shall accrue on the amount so payable from the period from and after such Interest Payment Date or Maturity Date, as the case may be (each date on which interest is actually payable, an "Interest Payment Date").
Section Interest. The Borrowers shall pay interest on the unpaid principal amount of each Loan for each day from the day such Loan is made until the date on which such Loan is due (whether at maturity, by reason of acceleration or otherwise) (i) at a rate per annum equal, (w) in the case of Prime Rate Advances made prior to December 30, 1998, to the sum of the Prime Rate plus the Applicable Spread, (x) in the case of Prime Rate Advances made on or after December 31, 1998, to the sum of the Prime Rate plus the Applicable Margin, (y) in the case of LIBOR Advances made prior to December 30, 1998, to 78369 25 the sum of LIBOR plus the Applicable Spread, and (z) in the case of LIBOR Advances made on or after December 31, 1998, to the sum of LIBOR plus the Applicable Margin, and (ii) at a rate per annum equal, in the case of the Term Loan, (as identified pursuant to Section 3.02(b)) either (y) to a fixed rate equal to 11.5% per annum, or (z) to the Prime Rate plus 2.5% per annum.
Section Interest. (a) The outstanding principal balance of the Senior Loan shall bear interest at a fluctuating rate per annum equal to the lesser of (i) the LIBOR Rate in effect from time to time plus two and one-half percent (2.5%) and (ii) the Maximum Rate. The Borrower shall pay to the Senior Agent for the ratable benefit of the Senior Lenders all accrued but unpaid interest on the Senior Loan on each Payment Date and on the Final Maturity Date.
(b) Past due interest, principal and other amounts hereunder shall bear interest at a fluctuating interest rate per annum that is equal to the lesser of (i) the Default Rate or (ii) the Maximum Rate from the date due until paid.
(c) The interest rate for the Senior Loan shall be redetermined on the last Business Day of every March and September, beginning with September of 1999, to give effect to any change in the LIBOR Rate. All computations of interest based on the LIBOR Rate shall be made on the basis of a 360 day year. All such computations shall be made for the actual number of days (including the first day but excluding the last day) occurring in the period for which such computation is being performed. Interest provided for under this Senior Loan Agreement and the Senior Notes shall be calculated on the unpaid sums actually loaned and outstanding pursuant to the terms of this Senior Loan Agreement and the Senior Notes and only for the period from the date or dates advanced until repaid. Each determination by the Senior Agent of an interest rate shall be conclusive and binding for all purposes, absent manifest error.
Section Interest. Each Loan related to a LIBOR Advance shall bear interest during each Rent Period at a rate equal to the sum of (i) the Adjusted LIBO Rate for such Rent Period, computed using the actual number of days elapsed and a 360 day year, plus (ii) the Applicable Margin per annum; each Loan related to a Base Rate Advance shall bear interest at a rate equal to the Base Rate, computed using the actual number of days elapsed and a 360 day year.
Section Interest
