Initial Rate Sample Clauses

Initial Rate. The Reference Rate as of the date of this Agreement is 8.5% per annum, and. therefore, the effective rate of interest hereunder as of the date of this Agreement is 12.0% per annum. The interest rate payable by Borrower under the terms of this Agreement shall be adjusted in accordance with any change in the Reference Rate from time to time on the date of any such change. All interest payable by Borrower shall be due and payable on the first day of each calendar month during the term of this Agreement.

Initial Rate. For the transportation and dehydration of each MCF of Shipper's Carbon Dioxide received at the Receipt Points during any month, beginning with the date of first deliveries hereunder and continuing through the end of the first Contract Year, Shipper shall pay Transporter a transportation fee (the "Transportation Fee"), which fee shall initially be $0.16 (the "initial rate").

Initial Rate. Interest will be charged on the entire unpaid principal balance of this Note, including payments not made when due and any other sums owing hereunder. Interest charged hereunder, including any acceleration interest rate, all late charges, default interest and other charges, and all other amounts charged hereunder, shall not be limited by the laws of any state, including any state laws relating to a legal rate or other interest rate, but shall be governed solely by applicable federal laws. Interest will be calculated on the basis of a 365-day year and the actual number of days in each month. Interest charges will begin on the date Lender disburses principal and continue until the Indebtedness is paid in full with interest. The initial interest rate in effect on this date is 2.89% per annum. The interest rate that Borrower will pay will change in accordance with 3.2-3.6 below.

Initial Rate. Interest shall accrue on the principal amount outstanding from time to time after the Closing Date until the Maturity Date at the Interest Rate.

Initial Rate. In addition- to Tenant’s obligation to pay Basic Rent for the Original Premises, Tenant shall pay Basic Rent for the Expansion Space as follows: Lease Year 1 $ 18.00 $ 270,000.00 ** $ 22,500.00 Lease Year 2 $ 18.00 $ 306,000.00 *** $ 25,500.00 Lease Year 3-5 $ 19.00 $ 378,100.00 **** $ 31,508.33 Lease Year 6-8 $ 20.00 $ 398,000.00 **** $ 33,166.67 *For purposes hereof, an “Lease Year” shall mean a 12 month period beginning on the Expansion Effective Date, or any anniversary of the Expansion Effective Date, except that if the Expansion Effective Date does not fall on the first day of a calendar month, then the first Lease Year shall begin on the Expansion Effective Date, and end on the last day of the month containing the first anniversary of the Expansion Effective Date (and the Basic Rent for such first Lease Year shall be prorated to reflect the additional days included therein), and each succeeding Lease Year shall begin on the day following the last day of the prior Lease Year. **Based on 15,000 square feet ***Based on 17,000 square feet ****Based on 19,900 square feet All such Basic Rent and Additional Rent payable on account of Taxes, Operating Expenses, and utilities shall be payable by Tenant in accordance with the terms of the Lease. Tenant shall have no obligation to pay Basic Rent for the first (1st) full calendar month of Lease Year 1.

Initial Rate. From the Closing Date until the date on which the next Compliance Certificate is delivered hereunder, the Level applicable to the Borrower in the Pricing Table will be determined in accordance with the Compliance Certificate delivered to the Lenders on the Closing Date under Section 2.1(a)(viii).

Initial Rate. Contractor's initial rate for solid waste collection shall be per month per residential and commercial unit. Contractor shall charge a unit rate and City shall pay Contractor, the rates as indicated in Exhibit B, for the Refuse collection service used by residential and commercial units.

Initial Rate. The interest rate applicable to the Note is a Variable Interest Rate ("Variable Interest Rate") under Lender's SOFR Interest Rate Program. Interest will be charged on the entire unpaid principal balance of this Note, including payments not made when due and any other sums owing hereunder. Interest charged hereunder, including any acceleration interest rate, all late charges, default interest and other charges described in Section 4 below, and all other amounts charged hereunder, shall not be limited by the laws of any state, including any state laws relating to a legal rate or other interest rate, but shall be governed solely by applicable federal laws. Interest will be calculated on the basis of a 360-day year and the actual number of days in each month. Interest charges will begin on the date Lender disburses principal and continue until the Indebtedness is paid in full with interest. Commencing on the date Lender disburses the Loan proceeds, interest will be at a rate of 6.600% per annum ("Initial Interest Rate"). The interest rate that Borrower will pay will change in accordance with Sections 3.2 through 3.6 below. If Lender changes ▇▇▇▇▇▇▇▇'s Variable Interest Rate, Lender will give Borrower notice of such rate change to the extent required by and in accordance with the then applicable law.

Initial Rate. In addition- to Tenant’s obligation to pay Basic Rent for the Original Premises, Tenant shall pay Basic Rent for the Expansion Space as follows: Lease Year 1 $ 18.00 $ 270,000.00 ** $ 22,500.00 Lease Year 2 $ 18.00 $ 306,000.00 *** $ 25,500.00 Lease Year 3-5 $ 19.00 $ 378,100.00 **** $ 31,508.33 Lease Year 6-8 $ 20.00 $ 398,000.00 **** $ 33,166.67