Unpaid Sums as Advances Sample Clauses

Unpaid Sums as Advances. Any unpaid sum shall, for the purposes of this Clause 16 (Default Interest and Indemnity) and Clause 10.1 (Increased Costs), be treated as an advance and accordingly in this Clause 16 (Default Interest and Indemnity) and Clause 10.1 (Increased Costs) the term “Loan” includes any unpaid sum and the term “Interest Period,” in relation to an unpaid sum, includes each such period relating thereto as is mentioned in Clause 16.1 (Default Interest Periods).
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Unpaid Sums as Advances. Any unpaid sum shall (for the purposes of this Clause 27 and Clause 20.1 (Increased Costs)) be treated as an advance and accordingly in this Clause 27 and Clause 20.1 (Increased Costs) the term "Advance" includes any unpaid sum and "Term", in relation to an unpaid sum, includes each such period relating thereto as is mentioned in Clause 20.1 (Default Interest Periods).
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Unpaid Sums as Advances. For the purposes of Clause 14.1 (Increased Costs) and Schedule 6 (Associated Costs Rate), each Bank's share of an Unpaid Sum shall be treated as an advance made by that Bank hereunder.
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Unpaid Sums as Advances. Any unpaid sum shall (for the purposes of this Clause 16 and Clause 9.1 (Increased Costs)) be treated as an advance and accordingly in this Clause 16 and Clause 9.1 (Increased Costs) the term "Advance" includes any unpaid sum and "Term", in relation to an unpaid sum, includes each such period relating thereto as is mentioned in Clause 16.1 (Default Interest Periods).
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Related to Unpaid Sums as Advances

  • LIBOR Advances The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.6(a) hereunder. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Repayments of Interest Advances or the Final Advance Subject to Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Advance (any such Advance, until repaid, is referred to herein as an "UNPAID ADVANCE"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.07 hereof; PROVIDED that if (i) the Liquidity Provider shall make a Provider Advance at any time after making one or more Interest Advances which shall not have been repaid in accordance with this Section 2.05 or (ii) this Liquidity Facility shall become a Downgraded Facility or Non-Extended Facility at any time when unreimbursed Interest Advances have reduced the Maximum Available Commitment to zero, then such Interest Advances shall cease to constitute Unpaid Advances and shall be deemed to have been changed into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may be, for all purposes of this Agreement (including, without limitation, for the purpose of determining when such Interest Advance is required to be repaid to the Liquidity Provider in accordance with Section 2.06 and for the purposes of Section 2.06(b)

  • Eurodollar Rate Loans After Default After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Company.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Interest Unpaid Class Accrued Certificate Interest Shortfalls Interest Class Interest Payable Pay-out Rate ----- -------- ------------------- ------- ------------ P $ 0.00 $ 0.00 $ 0.00 % 0.000000000 IA1 $ 593,679.34 $ 0.00 $ 593,679.34 % 6.625000047 IA2 $ 5,541.67 $ 0.00 $ 5,541.67 % 7.000004211 IA3 $ 109,312.50 $ 0.00 $ 109,312.50 % 6.625000000 IA4 $ 7,232.29 $ 0.00 $ 7,232.29 % 6.624998473 IA5 $ 142,794.92 $ 0.00 $ 142,794.92 % 6.624999938 IA6 $ 60,796.63 $ 0.00 $ 60,796.63 % 6.624999864 IA7 $ 4,598.44 $ 0.00 $ 4,598.44 % 6.750003670 IA8 $ 14,953.40 $ 0.00 $ 14,953.40 % 6.210001921 IA9 $ 3,828.65 $ 0.00 $ 3,828.65 % 7.090902356 IA10 $ 1,083.58 $ 0.00 $ 1,083.58 %10.000046144 IIA1 $ 894,883.84 $ 0.00 $ 894,883.84 % 7.000000035 IIA2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000 AR $ 0.00 $ 0.00 $ 0.00 % 0.000000000 X $ 221,707.95 $ 0.00 $ 221,707.95 % 6.624999867 M $ 48,760.65 $ 0.00 $ 48,760.65 % 6.625000364 B1 $ 28,172.81 $ 0.00 $ 28,172.81 % 6.624999075 B2 $ 23,838.54 $ 0.00 $ 23,838.54 % 6.625000838 B3 $ 11,919.27 $ 0.00 $ 11,919.27 % 6.625000838 B4 $ 6,501.42 $ 0.00 $ 6,501.42 % 6.625001846 B5 $ 10,835.71 $ 0.00 $ 10,835.71 % 6.624998992

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Interest on Swingline Loans Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

  • Base Rate Loans Substituted for Affected Fixed Rate Loans If (i) the obligation of any Bank to make or to continue or convert outstanding Loans as or into Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) or 8.04 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

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