Interest Rate

Interest Rate contract clause examples

Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in cash to the Holder on the Maturity Date unless earlier converted pursuant to Section 3.

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:

Interest Rate. The unpaid balance of this Note shall bear interest at the rate of 8% per annum, simple interest. Interest shall be calculated on a 365-day year and the actual number of days in each month.

The Borrower promises to pay interest on the unpaid principal amount hereof from the date hereof until such principal amount is paid in full at a per annum rate of interest (the “Interest Rate”) that equals the sum of # the Index (as hereinafter defined), plus # 2.00% (the “Margin”).

Interest Rate. Subject to Section 3.1(b), all Base Rate Loans shall accrue interest at the Base Rate. Subject to Section 3.1(b), all Eurodollar Loans shall accrue interest at the Adjusted Eurodollar Rate.

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