Ticking Interest Clause Samples

A Ticking Interest clause establishes that interest will accrue on a specified amount, typically a loan or purchase price, from a certain date until payment is made. In practice, this means that if a transaction is delayed—such as the closing of a merger or acquisition—the buyer will owe additional interest for each day the payment is outstanding. This clause incentivizes timely completion of the transaction and compensates the seller for the time value of money lost due to delays, thereby allocating the risk of delay between the parties.
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Ticking Interest. The Borrower shall pay to the Administrative Agent for the account of each Lender ticking interest (the “Ticking Interest”) at a rate per annum equal to 0.20% (provided that such rate shall be 0.30% at any time there are two Non-Investment Grade Ratings). The Ticking Interest shall accrue on the Commitments beginning on August 27, 2016 until the earlier of (x) the Closing Date and (y) the termination of the Commitments. Accrued Ticking Interest shall be due and payable on the earlier of (x) the Closing Date and (y) the termination of the Commitments.
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Ticking Interest. The Borrower shall pay to the Administrative Agent for the account of each Lender ticking interest (the “Ticking Interest”) at a rate per annum equal to 0.20% (provided that such rate shall be 0.30% at any time there are two Non...
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Ticking Interest. Commencing on the date that is 60 days after the date of this Letter (such date, the “Ticking Interest Start Date”), the Borrower will pay a non-refundable ticking interest (the “Ticking Interest”) for the account of each Lender (including JPMCB and Barclays) at a rate per annum (x) equal to 0.15% until the receipt of a publicly issued senior unsecured indebtedness rating for the Company (after giving effect to the Acquisition) from the ratings advisory service of Moody’s and a publicly issued corporate credit rating for the Company (after giving effect to the Acquisition) from the ratings advisory service of S&P and (y) thereafter, determined in accordance with the grid on Annex A-II hereto of the daily aggregate amount of the Commitments of each applicable Lender as in effect from the Ticking Interest Start Date and from time to time through and including the earlier of (i) the date of termination of the Commitments and (ii) the Closing Date, which fee shall be earned and shall be payable on such earlier date.
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Ticking Interest. The Borrower shall pay to the Administrative Agent for the account of each Lender ticking interest (the “Ticking Interest”) at a rate per annum equal to 0.20% (provided that such rate shall be 0.30% at any time there are two Non-Investment Grade Ratings). The Ticking Interest shall accrue on the Tranche A-1 Commitments and the Tranche A-2 Commitments beginning on August 27, 2016 until the earlier of (x) the Closing Date and (y) the termination of the Commitments. Accrued Ticking Interest on the Tranche A-1 Commitments and the Tranche A-2 Commitments shall be due and payable on the earlier of (x) the Closing Date and NYDOCS03/1048584.740
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Ticking Interest. The Borrowers shall pay to the Administrative Agent for the account of each Lender ticking interest (the “Ticking Interest”) at the rates per annum set forth under the heading “Ticking Interest” in the definition of “Applicable Rate”. The Ticking Interest shall accrue on the Commitments beginning on the date hereof until the earlier of (x) the Closing Date and (y) the termination of the Commitments. Accrued Ticking Interest shall be due and payable on the earlier of (x) the Closing Date and (y) the termination of the Commitments.
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Related to Ticking Interest

  • Calculating Interest Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period.

  • Periodic Interest Periodic Interest will be payable on each Tranche of the Recovery Bonds on each Payment Date in an amount equal to one-half of the product of (i) the applicable Recovery Bond Interest Rate and (ii) the Outstanding Amount of the related Tranche of Recovery Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Tranche of Recovery Bonds on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Closing Date to, but excluding, the following Payment Date.

  • Varying Interests All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Member's Sharing Ratio, the Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by the Management Committee to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Members' varying Sharing Ratios.

  • Simple Interest Each Receivable provides for scheduled monthly payments that fully amortize the Amount Financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and provides for a finance charge or yield interest at its APR, in either case calculated based on the Simple Interest Method.

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.