Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (i) Margin; and (ii) Compounded Reference Rate for that day. (b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 16 contracts
Sources: Mandate Letter, Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV)
Calculation of interest. (a) The rate of interest on each the Loan or any part of the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicableof:
(i) the Margin; and
(ii) the Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a the Loan or any part of the Loan is not an RFR Banking Day, the rate of interest on the Loan or that part of the Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 4 contracts
Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)
Calculation of interest. (a) The rate of interest on each Loan for on any day during an its Interest Period is the percentage rate per annum which is the aggregate of the applicableof:
(ia) the Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking DayEnhanced Daily Rate.
Appears in 4 contracts
Sources: Single Currency Revolving Facility Agreement (StoneX Group Inc.), Revolving Facility Agreement (StoneX Group Inc.), Usd 75,000,000 Single Currency Revolving Facility Agreement (StoneX Group Inc.)
Calculation of interest. (a) The rate of interest on each a Loan for any day during an each Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Hafnia LTD), Amendment and Restatement Agreement (Hafnia LTD)
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day, except that if that rate is less than zero, the Compounded Reference Rate shall be deemed to be zero.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 2 contracts
Sources: Syndicated Facility Agreement (Metals Acquisition LTD), Syndicated Facility Agreement (Metals Acquisition Corp)
Calculation of interest. Compounded Rate Loans (a) The rate of interest on each Compounded Rate Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
: (i) Margin; and
and (ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 2 contracts
Sources: Multicurrency Revolving Facility Agreement (Luxfer Holdings PLC), Credit Facility Agreement (Gold Fields LTD)
Calculation of interest. (a) The rate of interest on each Compounded Rate Loan for any day during an a particular Interest Period is shall be the percentage rate per annum which is determined by the aggregate of Interim Facility Agent to be the applicablesum of:
(ia) the applicable Margin; and
(iib) the applicable Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 2 contracts
Sources: Interim Facilities Agreement, Interim Facilities Agreement
Calculation of interest. (a) The rate of interest on each the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(ia) Margin; and
(iib) Compounded Term Reference Rate for that day.
(b) If any day during an Interest Period for a Loan , except that if that rate is not an RFR Banking Dayless than 2.00%, the rate of interest on that Loan for that day will Term Reference Rate shall be the rate applicable deemed to the immediately preceding RFR Banking Daybe 2.00%.
Appears in 2 contracts
Sources: Loan Note Subscription Agreement (Metals Acquisition LTD), Loan Note Subscription Agreement (Metals Acquisition Corp)
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period each Term is the percentage rate per annum which is equal to the aggregate of the applicableof:
(i) the Margin;
(ii) LIBOR; and
(iiiii) Compounded Reference Rate for that dayany increase in Mandatory Cost above the level of Mandatory Cost prevailing at the date of this Agreement (together, the Interest Rate).
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will shall be the rate applicable calculated by reference to the immediately preceding RFR Banking Dayactual number of days elapsed and on the basis of a year of 360 days. Interest shall accrue from and including the first day of each Term to but excluding the last day of such Term.
Appears in 2 contracts
Sources: Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)
Calculation of interest. (a) The rate of interest on each the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a the Loan is not an RFR Banking Day, the rate of interest on that the Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 2 contracts
Sources: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)
Calculation of interest. (aA) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i1) Margin; and
(ii2) Compounded Reference Rate for that day.
(bB) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 2 contracts
Sources: Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi), Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi)
Calculation of interest. (a) The rate of interest on each a Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Term Loan Facilities Agreement
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(ia) MarginMargin on that day; and
(iib) Compounded Reference Rate for that dayInterest Period.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an a RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Revolving Facility Agreement (Manchester United PLC)
Calculation of interest. (a) The rate of interest on each the Loan or any part of the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicableof:
(i) the applicable Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a the Loan or any part of the Loan is not an RFR Banking Day, the rate of interest on the Loan or that part of the Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking a Business Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Business Day.
Appears in 1 contract
Sources: Facility Agreement
Calculation of interest. (a) The rate of interest on each Loan (or any part of the Loan) for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(ia) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking DayReference Rate.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(iA) Margin;
(B) Reference Rate; and
(iiC) Compounded Reference Rate for that dayCredit Adjustment Spread.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Kosmos Energy Ltd.)
Calculation of interest. (a) The rate of interest on each a Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that such Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each the Loan or any part of the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicableof:
(i) the applicable Margin; and;
(ii) the Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a the Loan or any part of the Loan is not an RFR Banking Day, the rate of interest on the Loan or that part of the Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Facility Agreement (Seanergy Maritime Holdings Corp.)
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day."
Appears in 1 contract
Sources: Bridge Facility Agreement
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) . If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Facility Agreement
Calculation of interest. (a) The rate of interest on each the Loan or any part of the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicableof:
(i) the Margin; and;
(ii) the Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a the Loan or any part of the Loan is not an RFR Banking Day, the rate of interest on the Loan or that part of the Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Term Loan Facility (Seanergy Maritime Holdings Corp.)
Calculation of interest. (a) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an a RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day..
Appears in 1 contract
Sources: Term Loan Facility Agreement (KNOT Offshore Partners LP)
Calculation of interest. (a) The rate of interest on each the Loan or any part of the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicableof:
(i) the Margin; and
(ii) the Daily Non-Cumulative Compounded Reference RFR Rate for that day.
(b) If any day during an Interest Period for a the Loan or any part of the Loan is not an RFR Banking Day, the rate of interest on the Loan or that part of the Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(ia) Margin; and
(iib) the Compounded Reference Rate for that day.
(b) . If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each the Loan (or any part of the Loan) for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(ia) Margin; and
(iib) the Compounded Reference Rate for that day.
(b) . If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (a) The rate of interest on each Loan for any day during an each Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Calculation of interest. (aA) The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(bB) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Kosmos Energy Ltd.)
Calculation of interest. (a) 8.1.1 The rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(ia) Margin▇▇▇▇▇▇; and
(iib) Compounded Reference Rate for that day.
(b) 8.1.2 If any day during an Interest Period for a Loan is not an RFR Banking a Business Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Business Day.
Appears in 1 contract
Sources: Revolving Facility Agreement
Calculation of interest. (a) The rate of interest on each Loan for any day during an each Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Bridge Facility Agreement
Calculation of interest. Compounded Rate Loans (a) The rate of interest on each Compounded Rate Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
: (i) Margin; and
and (ii) Compounded Reference Rate for that day, plus, only in relation to any Compounded Rate Loan in USD, 0.35 per cent. per annum.
(b) If any day during an Interest Period for a Loan is not an RFR Banking Day, the rate of interest on that Loan for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Appears in 1 contract
Sources: Multicurrency Revolving Facility Agreement (Criteo S.A.)
Calculation of interest. (a) The rate of interest on each the Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin;
(ii) CAS; and
(iiiii) Compounded Reference Rate for that dayRate.
(b) If any day during an Interest Period for a the Loan for which SOFR is the applicable Reference Rate is not an RFR Banking US Government Securities Business Day, the rate of interest on that the Loan for that day will be the rate applicable to the immediately preceding RFR Banking US Government Securities Business Day.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (DHT Holdings, Inc.)
Calculation of interest. (a) The For any Compounded Rate Loan, the rate of interest on each Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(i) Margin; and
(ii) Compounded Reference Rate for that day.
(b) If For any day during an Interest Period for a Loan is not an RFR Banking DayTerm Rate Loan, the rate of interest on that each Loan for that day will be an Interest Period is the percentage rate applicable to per annum which is the immediately preceding RFR Banking Dayaggregate of the applicable:
(i) Margin; and
(ii) the Term Reference Rate.
Appears in 1 contract
Sources: Facilities Agreement