Interest on Loan definition

Interest on Loan means the sum calculated from the Loan Principal by multiplying it by Loan Interest Rate from the period since the settlement of the Card Transaction on Card Account until repayment of the Loan Principal. If the Client pays the entire sum of the Loan Principal for the previous Settlement Period until the Maturity Date and the Total Receivable of the Bank is zero, the Bank will charge no Interest on Loan.

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Interest on Loan is the interest on the amount of fund Client borrows TCBS and accumulated on a daily basis.

Interest on Loan. The Borrower shall pay interest on the Loan at the per ----------------- annum rate determined by the Lender to be the aggregate of the Margin and one (1) month's SIBOR from time to time. Interest on the Loan shall be payable monthly in arrears and be calculated and accrue daily on the number of days elapsed over a 360-day year.

Examples of Interest on Loan in a sentence

Interest on Loan Advances shall be payable to Agent for the benefit of the Lenders in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period and, for Eurodollar Rate Loans with an Interest Period in excess of three months, every three months on the anniversary date of the commencement of such Eurodollar Rate Loan.
Interest on Loan to which the Base Rate Option applies shall be due and payable in arrears on each Payment Date.
Interest on Loan Advances shall be payable to Agent for the benefit of Lenders in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to Eurodollar Rate Loans, at the end of each Interest Period or, for Eurodollar Rate Loans with an Interest Period in excess of three months, at the earlier of (a) each three months on the anniversary date of the commencement of such Eurodollar Rate Loan or (b) the end of the Interest Period.
Interest on Loan 1 shall accrue at a rate equal to the aggregate of LIBOR 3 months + 0.90% as applicable at each 3 months roll-over period (the “Floating Rate”).
GENERAL ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇BLE TO LOAN I AND LOAN II Interest Rate on Loan I Interest on Loan I is to be calculated based upon Lender's fluctuating base rate, plus 1.0 percent, which rate of in▇▇▇▇▇▇ is to be changed in accordance with each change in Lender's fluctuating base rate effective as of the date of each such change.
Interest on Loan 3 shall, until an Event of Default or maturity, accrue interest at the LIBOR Rate plus 4.750%.
Borrower has paid or will pay in cash as agreed the following charges: Prepaid Finance Charges Paid In Cash: $10,808.78 $10,066.05 Interest on Loan #1089921654 as of 8/14/2009 $742.73 Interest on Loan #1089921655 as of 8/14/2009 Other Charges Paid in Cash: $ 1,580.00 $1,500.00 Documentation Fee $80.00 Delaware UCC Search Total Charges Paid in Cash: $12,388.78 BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS DISBURSEMENT REQUEST AND AUTHORIZATION AND ALL OTHER DOCUMENTS RELATING TO THIS DEBT.
Interest on Loan 2 shall, until an Event of Default or maturity, accrue interest at the LIBOR Rate plus 3.250%.
Interest on Loan I shall, until an Event of Default or maturity, accrue interest at the LIBOR Rate plus 3.0%.
Interest on Loan 1 shall, until an Event of Default or maturity, accrue interest at the LIBOR Rate plus 3.0%.

More Definitions of Interest on Loan

Interest on Loan. (i) if, when and to the extent that Administrative Agent, in its sole judgment, determines that the Premises and Improvements are generating, on a cash basis, positive cash flow in excess of Borrower's other usual, reasonable and customary expenses regarding the Premises and Improvements or (ii) if and to the extent that Borrower shall have previously paid any interest under the Notes from sources other than advances hereunder or agreements supplemental hereto. As used in this Section:

Interest on Loan means interest on loans to fund Petroleum Operations.