Notice of Interest and Yield Sample Clauses

Notice of Interest and Yield. No later than the fourth (4th) day prior to each Scheduled Payment Date, the Administrative Agent shall deliver to the Lessee and each Participant a calculation of the amount of Interest and Yield, in each case due and payable on such Scheduled Payment Date to each Participant; provided that in each case the failure of the Administrative Agent to provide such notice shall not relieve any Obligor from any liability that it may have under the Operative Documents to pay any such amount; provided further that the Administrative Agent’s failure to give such notice shall result in no liability to it.
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Notice of Interest and Yield. No later than the seventh (7th) day of each calendar month (or, if such day is not a Business Day, then the next succeeding Business Day), (i) Administrative Agent shall deliver to Lessee and each Investor notice of monthly rental in the form of Exhibit D (with appropriate insertions) setting forth a calculation of the amount of Yield due and payable on the Scheduled Payment Date for the Interest Period ending on the next succeeding Scheduled Payment Date, and (ii) the Administrator shall deliver to Administrative Agent and Lessee in the form of Exhibit D (with appropriate insertions) a calculation of the amount of accrued interest due and payable on all outstanding Conduit Loans and Facility Loans under the Loan Agreement on the next Scheduled Payment Date and other accrued amounts payable to Eagle under the Operative Documents; provided that in each case the failure of any such Agent to provide such notice shall not relieve Lessee from any liability that it may have under the Operative Documents to pay any such amount; provided further that any such Agent's PARTICIPATION AGREEMENT failure to give such notice shall result in no liability to it. If HGSI has not received notice from the Administrative Agent in respect of Yield or from the Administrator in respect of accrued interest, HGSI shall immediately notify in writing the Administrative Agent and/or the Administrator, as applicable, to request such information. If either or both the Administrative Agent or the Administrator fail to notify in writing HGSI of the amounts due for the next succeeding Scheduled Payment Date, HGSI shall pay to Lessor, subject to the next sentence, in the manner set forth in Section 3 of the Lease, in lieu of the amount required under Section 3.1 of the Lease for the next succeeding Scheduled Payment Date, (x) in the case no written notice of the amount of Yield has been delivered, 110% of the amount of Yield due and payable for the Scheduled Payment Date closest to the Scheduled Payment Date in question for which a written notice had been delivered in accordance with Section 2.3(b), and (y) in the case no written notice of the accrued interest has been delivered, 110% of the accrued interest due and payable for the Scheduled Payment Date closest to the Scheduled Payment Date in question for which a written notice had been delivered in accordance with Section 2.3(b). If after payment of an amount pursuant to the next preceding sentence, HGSI receives a notice of the amount d...
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Related to Notice of Interest and Yield

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Notification of Rate of Interest and Interest Amounts The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and notice thereof to be published in accordance with Condition 15 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly notified to each stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 15. For the purposes of this paragraph, the expression “

  • Determination of Rate of Interest and calculation of Interest Amounts The Principal Paying Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. In the case of Index Linked Interest Notes, the Calculation Agent will notify the Principal Paying Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same. The Principal Paying Agent will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Notes or Index Linked Interest Notes for the relevant Interest Period by applying the Rate of Interest to: (i) in the case of Floating Rate Notes or Index Linked Interest Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note (or, if they are Partly Paid Notes, the aggregate amount paid up); or (ii) in the case of Floating Rate Notes or Index Linked Interest Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Note or an Index Linked Interest Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the product of the amount (determined in the manner provided above) for each Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination without any further rounding.

  • Calculation of Interest and Fees All calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year of 360 days for actual days elapsed, except that during any period any Loan bears interest based upon the Prime Rate, such interest shall be calculated on the basis of a year of 365 or 366 days, as appropriate, for actual days elapsed.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.