A Loan Interest definition
Examples of A Loan Interest in a sentence
The Tranche A Loan Interest Rate and the Tranche B Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.
The 2019 Term A Loan Interest Rate will float and change on the day the Prime Rate changes from time to time.
The Calculation Agent shall notify the Issuer before 5:00 p.m. (New York time) on each Benchmark Determination Date if it has not determined and is not in the process of determining the Benchmark, the Class A Loan Interest Distribution Amount for the Class A Loan, together with the reasons therefor.
The principal balance of the 2019 Term A Loan Advance shall bear interest thereon from such Advance Date at the 2019 Term A Loan Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.
The determination of the Class A Loan Rate or any Class A Loan Interest Distribution Amount, respectively, by the Calculation Agent shall, absent manifest error, be final and binding on all parties.
The A Loan Interest Rate will be reset semiannually on each Interest Rate Determination Date during each year, will apply to the total outstanding disbursed amount of the A Loan at such dates and will accrue for the then relevant Interest Period between the immediately succeeding Interest Payment Date and the next succeeding Interest Payment Date.
The determination of the Benchmark, the Class A Loan Rate or any Class A Loan Interest Distribution Amount, respectively, by the Calculation Agent shall, absent manifest error, be final and binding on all parties.
Subject to Section 3.12 (Late Charges), the Borrower shall pay interest on the principal amount of the A Loan outstanding from time to time in accordance with this Section 3.22 (A Loan Interest).
IFC shall determine the A Loan Interest Rate not less than two (2) Business Days before the Consolidation Date, and shall promptly notify the Company of such rate.
Except during the continuance of an Event of Default, all proceeds of any repayment, including any prepayments of the Tranche A Loan, shall be applied by Lender as follows in the following order of priority: First, accrued and unpaid interest at the Tranche A Loan Interest Rate; Second, to the Tranche A Principal; and Third, to the Exit Fee and any other amounts then due and owing under the Loan Documents with respect to the Tranche A Loan.