Indications of Interest Clause Samples

Indications of Interest. Customer acknowledges and agrees that when executing its orders, Virtu may utilize a variety of strategies to seek liquidity, including the selective use of indications of interest (“IOIs”) to other market participants. All IOIs communicated by Virtu reflect stock symbol and transaction side. The indications do not reveal order size or price and they are not considered actionable as they do not disclose the material terms of the order.
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Indications of Interest. The Certification must be based on the Investor Questionnaire executed by such prospective offeree, information in the Registered Representative’s files (and procedures necessary to update such information) and upon knowledge of the prospective offeree and current information supplied by or otherwise available concerning such prospective offeree. If a prospective offeree satisfies the requirements of paragraph 1 above, the Registered Representative may seek to determine orally whether a prospective offeree is likely to be interested in participating in the Private Placement prior to receiving a completed Investor Questionnaire. However, indications of interest may be solicited if, but only if, such solicitations do not become so precise and detailed as to constitute “offers,” including, but not limited to, those forms of offers prohibited by Section 10 of this Memorandum of Private Placement Procedures. The point at which solicitations of indications of interest become so precise as to constitute “offers” cannot be defined with precision. However, if a prospective offeree’s interest cannot be ascertained without making specific disclosures regarding the transaction structures described in the Memorandum, such offeree shall not be allowed to participate in the Private Placement.
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Related to Indications of Interest

  • Computations of Interest All computations of interest on Eurodollar Loans and other amounts (other than Base Rate Loans) hereunder shall be made on the actual number of days elapsed over a year of 360 days, and all computations of interest on Base Rate Loans hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

  • Computations of Interest and Fees (a) Except for Base Rate Loans computed using the Prime Rate, on which interest shall be computed on the basis of a 365 or 366 day year as the case may be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. (b) It is the intent of the Lenders and each Borrower to conform to and contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Lenders and the Borrowers are hereby limited by the provisions of this paragraph which shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Notes or otherwise, exceed the maximum non-usurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the maximum non-usurious amount, any such construction shall be subject to the provisions of this paragraph and such documents shall be automatically reduced to the maximum non-usurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum lawful amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans of the relevant Borrower and not to the payment of interest, or refunded to the relevant Borrower or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans of the relevant Borrower. The right to demand payment of the Loans of any Borrower or any other indebtedness evidenced by any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans so that the amount of interest on account of such indebtedness does not exceed the maximum non-usurious amount permitted by applicable law.

  • Payments of Interest Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

  • Conditions of Initial Loans The obligation of each Bank to make its initial Loan hereunder is subject to the following conditions: (a) the Agents shall have received on or before the Closing Date all of the following, in form and substance satisfactory to each Agent and each Bank, and in sufficient copies for each Bank:

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).