Interest Rate

Interest Rate contract clause examples

Interest Rate: The interest rate on this Note is one percent (1.00%) per year (the “Interest Rate”).

"Interest Rate" means three per cent. above the base lending rate from time to time in force of Barclays Bank or such other bank which is a member of CHAPS Limited as the Landlord may from time to time reasonably nominate in writing

“Interest Rate” means, as to the period of time commencing on the Issuance Date and ending on the Initial Maturity Date, an annual rate per annum equal to six percent (6.00%), and as to the period of time commencing on the date immediately succeeding the Initial Maturity Date and ending on the Extended Maturity Date, an annual rate per annum equal to ten percent (10.00%); provided, that, on any date when an Event of Default shall have occurred and be continuing, the “Interest Rate” shall be the applicable “Interest Rate” determined in accordance with the foregoing plus six percent (6.00%), subject, however, to Section 26 hereof.

Interest Rate: The interest rate on this Note is one percent (1.00%) per year (the “Interest Rate”).

Interest Rate. Subject to Section 2.3(b), the principal amount outstanding under the Term Loans shall accrue interest at a floating per annum rate equal to the Basic Rate, determined by Collateral Agent on the Funding Date of the applicable Term Loan, which interest shall be payable monthly in arrears in accordance with Sections 2.2(b) and 2.3(e). Interest shall accrue on each Term Loan commencing on, and including, the Funding Date of such Term Loan, and shall accrue on the principal amount outstanding under such Term Loan through and including the day on which such Term Loan is paid in full.

“Interest Rate” means, for any day in any Interest Period for any Loan (or any portion of Capital thereof):

Interest Rate. Subject to Section 2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the greater of two and one half percentage points (2.50%) above the Prime Rate or five and three quarters percentage points (5.75%), which interest shall be payable monthly.

. The Principal Indebtedness shall bear interest at the rate of four and sixty-three hundredths percent () per annum (the “Interest Rate”), computed on the basis of a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each; provided, however, interest for partial months (including the Stub Interest Period) shall be calculated by multiplying the Principal Indebtedness by the Interest Rate, dividing the product by three hundred sixty (360), and multiplying that result by the actual number of days elapsed during such period.

Interest Rate. Subject to Section 2.4(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the greater of (A) one and one-quarter of one percent (1.25%) above the Prime Rate and (B) six percent (6.0%), which interest, in each case, shall be payable monthly in accordance with Section 2.5(d) below.

INTEREST RATE. Interest on the outstanding principal balance of this Note shall be computed, and calculated based upon a 360-day year and actual days elapsed, and shall accrue at the per annum rate (the Note Rate) of the greater of (i) five percent (5.00%), or (ii) the sum of the LIBOR Rate (as defined below) plus three and one-quarter percent (3.25%). LIBOR Rate means the one (1) month London Interbank Offered Rate which is identified and published by ICE Benchmark Administration for loans in United States dollars as obtained by Lender from Bloomberg Financial Service System (or, if no longer available, any similar or successor publication selected by Lender), as the same may change and/or be redetermined from time to time accordance with this Note. The LIBOR Rate will initially be determined on the date of the Loan Agreement and shall thereafter be adjusted monthly on each date that payments of principal and/or interest are due under this Note (each, a Monthly Payment Date) to the LIBOR Rate determined by Lender to be in effect on the Monthly Payment Date.

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