SPECIAL INTEREST RATES Sample Clauses

SPECIAL INTEREST RATES. Borrower understands and agrees that Association may agree to provide one, or more, incentive interest rates for certain disbursements used for specific purposes. Borrower acknowledges that the requirements and conditions for any disbursements qualifying for any such incentive interest rates are set by Association, and not Lender. Xxxxxxxx further acknowledges receipt of, understands, and agrees to comply with such requirements and conditions. Borrower further acknowledges and agrees that compliance with such requirements and conditions shall be determined by Association, in its sole discretion. Xxxxxxxx understands that all advances made under a Special Interest Rate shall be reflected in a monthly statement provided to Borrower by Xxxxxx, and Xxxxxxxx acknowledges, and agrees that such interest rate is effective as to such advances. Special Interest Terms: Interest on the principal shall be payable from the date of disbursement to and including End Date as provided in the Loan Commitment letter. In the event that Association determines that Borrower has failed to comply with such requirements and conditions, then the Special Interest Rates shall not be in effect and the Interest Rate shown in the Loan Commitment letter shall apply to amounts advanced. Lender shall have no duty of notice to Borrower of such determination. Upon the occurrence of an Event of Default then the Special Interest Rates shall not be in effect and the interest rate shown above in the Interest section shall apply to amounts advanced. Any Disbursements not qualifying for the Special Interest Rates requirements and conditions shall be subject to the interest rate shown above in the Interest section.
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SPECIAL INTEREST RATES. Notwithstanding the provisions of Section 5.1 hereof, balances of each of the loans described on Exhibit 5.7 hereto as having been made under the 5-Year Facility or the 364-Day Facility under the 2005 Credit Agreement, shall be treated as Bid Rate Loans made under the 5-Year Facility hereunder, and, in either case, shall bear interest at the “Interest Rate” set forth in such Exhibit to and including the “Bid Maturity Date” set forth in such Exhibit, and they shall each be due and payable on their respective Bid Maturity Date as set forth in such Exhibit.
Sample 1
SPECIAL INTEREST RATES. Notwithstanding the provisions of Section 6.1 hereof, balances of each of the Advances set forth on Exhibit 6.7 hereto as "O/S Balance" shall be treated as 3-Year Advances and shall bear interest at the "Int Yield" set forth in such Exhibit to and including the "Mat Date" set forth in such Exhibit. From and after the "Mat Date" for each such Advance, interest for the unpaid balance of such Advance shall be determined in accordance with Section 6.1 hereof.
Sample 1
SPECIAL INTEREST RATES. Notwithstanding the provisions of Section 6.1 hereof, balances of each of the loans described on Exhibit 6.7 hereto (a) as having been made under the 3-Year Facility (as defined in the 2003 Credit Agreement) shall be treated as Bid Rate Loans made under the 5-Year Facility hereunder; and (b) as having been made under the 364-Day Facility (as defined in the 2003 Credit Agreement) shall be treated as Bid Rate Loans made under the 364-Day Facility hereunder, and, in either case, shall bear interest at the “Interest Rate” set forth in such Exhibit to and including the “Bid Maturity Date” set forth in such Exhibit, and they shall each be due and payable on their respective Bid Maturity Date as set forth in such Exhibit.
Sample 1
SPECIAL INTEREST RATES. Borrower understands and agrees that Association may agree to provide one, or more, incentive interest rates for certain disbursements used for specific purposes. Borrower acknowledges that the requirements and conditions for any disbursements qualifying for any such incentive interest rates are set by Association, and not Lender. Xxxxxxxx further acknowledges receipt of, understands, and agrees to comply with such requirements and conditions. Borrower further acknowledges and agrees that compliance with such requirements and conditions shall be determined by Association, in its sole discretion. Xxxxxxxx understands that all advances made under a Special Interest Rate shall be reflected in a monthly statement provided to Borrower by Xxxxxx, and Xxxxxxxx acknowledges, and agrees that such interest rate is effective as to such advances.
Sample 1

Related to SPECIAL INTEREST RATES

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • INTEREST; INTEREST RATE (a) Interest on this Note shall commence accruing on the Issuance Date and shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in arrears on each Interest Date and shall be payable in accordance with the terms of this Note. Interest shall be paid (i) on each Interest Date occurring on an Installment Date in accordance with Section 8 as part of the applicable Installment Amount due on the applicable Installment Date and (ii) with respect to each other Interest Date, to the record holder of this Note on the applicable Interest Date, in shares of Common Stock (“Interest Shares”) so long as there has been no Equity Conditions Failure; provided however, that the Company may, at its option following notice to the Holder, pay Interest on any Interest Date in cash (“Cash Interest”) or in a combination of Cash Interest and Interest Shares. The Company shall deliver a written notice (each, an “Interest Election Notice”) to each holder of the Notes on or prior to the fifth (5th) Trading Day prior to the applicable Interest Date (the date such notice is delivered to all of the holder, the “Interest Notice Date”) which notice (i) either (A) confirms that Interest to be paid on such Interest Date shall be paid entirely in Interest Shares or (B) elects to pay Interest as Cash Interest or a combination of Cash Interest and Interest Shares and specifies the amount of Interest that shall be paid as Cash Interest and the amount of Interest, if any, that shall be paid in Interest Shares and (ii) certifies that there has been no Equity Conditions Failure. If the Company shall fail to deliver any such notice prior to the applicable Interest Notice Date, then the Company shall be deemed to have provided an Interest Election on such Interest Notice Date that confirms that Interest to be paid on such Interest Date shall be paid entirely in Interest Shares and certifies that there has been no Equity Conditions Failure If an Equity Conditions Failure has occurred as of the Interest Notice Date, then unless the Company has elected to pay such Interest as Cash Interest, the Interest Election Notice shall indicate that unless the Holder waives the Equity Conditions Failure, the Interest shall be paid as Cash Interest. Notwithstanding anything herein to the contrary, if no Equity Conditions Failure has occurred as of the Interest Notice Date but an Equity Conditions Failure occurs thereafter at any time prior to the Interest Date, (A) the Company shall provide the Holder a subsequent notice to that effect and (B) unless the Holder waives the Equity Conditions Failure, the Interest shall be paid in cash. Interest to be paid on an Interest Date in Interest Shares shall be paid in a number of fully paid and nonassessable shares (rounded to the nearest whole share in accordance with Section 3(a)) of Common Stock equal to the quotient of (1) the amount of Interest payable on such Interest Date less any Cash Interest paid and (2) the Installment Conversion Price in effect on the applicable Interest Date (determined as if such Interest Date was an Installment Date hereunder).

  • Interest Rates and Payment Dates (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

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