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Alternate Rate of Interest
Alternate Rate of Interest contract clause examples
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Rate of Interest. Each advance outstanding under this Note will bear interest at a rate or rates per annum as may be selected by the Borrowers from the interest rate options set forth below (other than advances denominated in Australian Dollars which shall bear interest at the rate per annum set forth in subpart # below and other than advances denominated in Polish Zloty which shall bear interest at the rate per annum set forth in subpart # below) (each, an "Option"):

Rate of Interest. Each advance outstanding under this Note will bear interest at a rate or rates per annum as may be selected by the Borrowers from the interest rate options set forth below (other than advances denominated in Australian Dollars which shall bear interest at the rate per annum set forth in subpart (iv below) (each, an “Option”):

Rate of Interest. The rate of interest applicable to Funds Held Accounts is an unpublished variable rate that may be changed by the Lender effective on the first day of each month. Interest shall compound monthly and be calculated on the basis of a 365 day year, for actual number of days elapsed. Interest will begin to accrue on the day funds are credited to the account if the funds are received before 2:00 P.M. in the time zone in which Lender resides on a Business Day and on the next Business Day after funds are received if the funds are received after 2:00

Rate of Interest. All Loans and the outstanding principal balance of all other Obligations shall bear interest on the unpaid principal amount thereof from the date such Loans are made and such other Obligations are due and payable until paid in full, except as otherwise provided in Section 5.1(d), as follows:

Interest Rate. Subject to Section 2.3(b), the Obligations shall bear interest, on the actual Daily Balance, at the Stated Interest Rate.

Interest Rate. Interest on the Revolving Loans shall accrue at an annual rate equal to the Applicable Margin plus the greater of # zero percent (0.0%) and # the one-month LIBOR rate quoted by Bank from Reuters Screen [[Unknown Identifier]] Page or any successor thereto (such Revolving Loans may be hereinafter referred to as “LIBOR Rate Loans”), which shall be that one-month LIBOR rate in effect two New York Banking Days prior to the Reprice Date, adjusted for any reserve requirement and any subsequent costs arising from a change in government regulation, such rate rounded up to the nearest one sixteenth percent and such rate to be reset monthly on each Reprice Date. The term “New York Banking Day” means any date (other than a Saturday or Sunday) on which commercial banks are open for business in New York, New York. The term “Reprice Date” means the first day of each month. If the initial Revolving Loan under this Agreement is made other than on the Reprice Date, the initial one-month LIBOR rate shall be that one-month LIBOR rate in effect two New York Banking Days prior to the date of the initial advance, which rate plus the percentage described above shall be in effect until the next Reprice Date.

Interest Rate. [Section 4.1] of the Loan Agreement is hereby amended by adding the following new [Section 4.1(e)] thereto immediately following [Section 4.1(d)]:

Interest Rate. Subject to [Section 2.2(b)], the outstanding amount of each Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of # seven percentage points (7.00%), and # three and three quarters percentage points (3.75%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with [Section 2.2(d)] below.

Interest Rate. Except as set forth in [Section 2.3(b)], the Advances under shall bear interest, on the outstanding Daily Balance thereof, at a rate equal to the Applicable Margin plus the LIBOR Rate.

Interest Rate. From and following the Closing Date, depending upon Borrower’s election from time to time, subject to the terms hereof, to have portions of the Loans accrue interest determined by reference to the Alternate Base Rate or the LIBOR. The Loans and the other Obligations shall bear interest at the applicable rates set forth below:

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