Interest Fees and Charges. 1Interest.
Interest Fees and Charges. Interest shall accrue on Outstanding Advances, both before and after judgment, from the date of disbursement until receipt of Collected Payments, at the Daily Funds Rate. Upon occurrence of an Event of Default, interest on Outstanding Advances shall thereafter accrue, both before and after judgment, at the Default Rate until receipt of Collected Payments. In addition, Client shall pay Summit the Fees and Charges. The Collateral Management Fees are for monitoring of the Collateral, collection of the Accounts, and administration of this Agreement. The Collateral Management Fees are not intended to be and shall not be construed to be interest. Interest and Fees and Charges may be deducted from Advances or from Collected Payments.
Interest Fees and Charges. 9.1. We do not pay interest on credit balances on your account.
Interest Fees and Charges. (a) Rates of Interest. Interest accrued on all Loans shall be due on the earliest of: (i) the first day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month; (ii) the occurrence of an Event of Default in consequence of which LaSalle elects to accelerate the maturity and payment of the Liabilities; or (iii) termination of this Agreement pursuant to paragraph 12 hereof. At Borrower's election, except as otherwise provided in paragraph 6(c) hereof, interest shall accrue on:
(A) the unpaid principal balance of the Term Loan made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one and one-half per cent (1.50%) above the Reference Rate; and (B) the principal amount of the Revolving Loans (other than the Special Accommodation Advance) made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one and one-half per cent (1.50%) (the "REVOLVING LOAN MARGIN") above the Reference Rate, provided, however, that upon the repayment in full of the Special Accommodation Advance, the Revolving Loan Margin shall thereafter be reduced by fifty (50) basis points (i.e., one-half of one percent (0.50%)), with such reduction to be effective on the first day of the month following the repayment in full of the Special Accommodation Advance; and
Interest Fees and Charges. Interest will accrue and will be calculated and charged in accordance with the provisions of this section unless otherwise stated.
Interest Fees and Charges. Paragraph 5(b) is deleted in its entirety and the following is substituted in lieu thereof:
Interest Fees and Charges a. The Bank may provide interests and impose fees and charges for certain products and services provided to you. The rate may vary from time to time. By subscribing to Bank’s product and services, you acknowledge having been informed and accept without restriction to the rate defined by the Bank. The Bank will inform customer 30 days prior to the effect of the amendment.
b. You agree that the Bank debit from your account for these fees and charges whenever they become payable. Any other applicable government fees and charges shall be debited by the Bank from your account.
Interest Fees and Charges. Section 3.1.
Interest Fees and Charges. (A) Each Loan shall bear interest at the rate of one percent (1%) per annum in excess of the Prime Rate, payable on the last Business Day of each month in arrears. Said rate of interest shall increase or decrease by an amount equal to each increase or decrease in the Prime Rate effective on the effective date of each such change in the Prime Rate. Upon the occurrence of an Event of Default, each Loan shall bear interest at the rate of two percent (2%) per annum in excess of the interest rate otherwise payable thereon, which interest shall be payable on demand. All interest shall be calculated on the basis of a 360-day year.
(D) Subsection (4)(c)(ii) of the Agreement is deleted in its entirety and the following is substituted in its place.
Interest Fees and Charges. (a) Each advance under the Working Capital Line of Credit with respect to Direct Loans shall bear interest on the principal balance from time to time outstanding at an annual rate based on one of the following interest rate options, as selected by the Borrower requesting the advance:
