Examples of Applicable Interest Rates in a sentence
In the event that any payment of any principal, interest, fees or any other amounts payable by Borrower under or pursuant to any Loan Document shall become due on any day which is not a Business Day, such due date shall be extended to the next succeeding Business Day, and, to the extent applicable, interest shall continue to accrue and be payable at the Applicable Interest Rate(s) for and during any such extension.
Promptly following each LIBOR Determination Date, the Trustee shall provide the Issuer Administrator with written notice of LIBOR and the Applicable Interest Rates so determined.
The Administrative Agent shall record in an account or accounts maintained by the Administrative Agent on its books (i) the Applicable Interest Rates for the Loans; (ii) the date and amount of each principal and interest payment on each Loan; and (iii) such other information as the Administrative Agent may determine is necessary for the computation of interest payable by the Borrower hereunder consistent with the basis hereof.
For this purpose, the Applicable Interest Rate(s) are to be determined without regard to any transition adjustments under Section 417(e)(3)(D), and using the rates published for November prior to the calendar year in which the Payment Date occurs.
From and after the occurrence of any Event of Default hereunder, and so long as any such Event of Default remains unremedied or uncured thereafter, the Indebtedness outstanding under this Note shall bear interest at a per annum rate of three percent (3%) above the otherwise Applicable Interest Rate(s), which interest shall be payable upon demand.
From and after the occurrence of any Event of Default, and so long as any such Event of Default remains unremedied or uncured thereafter, the Obligations outstanding under the Agreement shall bear interest at a per annum rate of five percent (5%) above the otherwise Applicable Interest Rate(s), which interest shall be payable upon demand.
Section 1.1. Commitments 1 Section 1.2. Swing Loans 1 Section 1.3. Letters of Credit 3 Section 1.4. Applicable Interest Rates 7 Section 1.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 9 Section 1.6. Manner of Borrowing Loans and Designating Applicable Interest Rates 9 Section 1.7. Maturity of Loans 11 Section 1.8. Prepayments 11 Section 1.9. Default Rate 12 Section 1.10.
Subject to the terms and conditions of this Section 2.3, each of the Credit Extensions made shall bear interest at the Applicable Interest Rate or any number of combinations of such Applicable Interest Rate(s), as elected by Borrower or as otherwise determined in accordance with the terms of this Agreement.
Maximum Eurodollar Loans 6 Section 1.6. Manner of Borrowing Loans and Designating Applicable Interest Rates 6 Section 1.7. Interest Periods 8 Section 1.8.
Providing that no Event of Default shall have occurred and be continuing, the Borrower may elect to renew or convert Applicable Interest Rates applicable to Advances from the Prime-based Rate to the Eurodollar-based Rate or from the Eurodollar-based Rate to the Prime-based Rate, provided that any conversion of a Eurodollar-based Loan shall be made only on the last Business Day of the Interest Period applicable to such Eurodollar-based Loan.