Type of Interest Clause Samples

Type of Interest. The loaned amount will accrue an annual interest of ONE AND A HALF percent (1.5%), payable for annuities due, counting from the date of granting the loan. However, the first interest payment will be made, once the works are completed, by calendar quarters, maturing on the last day of each quarter.
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Type of Interest. LIBOR Interest of _________________[please specify name of foreign currency]. 2.4.1. LIBOR Interest shall be set for a period of __________________ months. The nominal annual interest during the first interest period shall be ____________%, subject to Section 2.4.2.1 hereafter. 2.4.2. The foregoing nominal annual interest rate will consist of the following interest rates: 2.4.2.1. the LIBOR rate at the day of drafting this agreement, which may vary from the date hereof until the actual date of The Loan. 2.4.2.2. fixed additional margin.
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Type of Interest. The type of nominal annual interest applicable to each Interest Period shall be determined pursuant to the provisions of Stipulation 12.
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Type of Interest. This Agreement is not a grant by the City of any property interest but is made subject and subordinate to the prior and continuing right of the City to use all of the Public Right-of-Way in the performance of its duties, including, but not limited to, public use as a street and for the purpose of laying, installing, maintaining, repairing, protecting, replacing, and removing sanitary sewers, water mains, storm drains, gas mains, poles, overhead and underground electric and telephone wires, electroliers, cable television, and other utility and municipal uses together with appurtenances thereof and with right of ingress and egress, along, over, across, and in said Public Right-of-Way. The permission granted hereunder shall not in any event constitute an easement on or an encumbrance against City property or against the Public Right-of-Way. No right, title or interest (including franchise interest) in the Public Right-of-Way, or any part thereof, shall vest or accrue in Flock by reason of this Agreement or the issuance of any Permit or exercise of any privilege given thereby. Nothing in this Agreement shall be construed as granting or creating any franchise rights.
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Type of Interest the Loan will bear annual LIBOR interest for three months + 5.7%.
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Related to Type of Interest

  • Rate of Interest The Rate of Interest payable from time to time in respect of Floating Rate Notes will be determined in the manner specified in the applicable Final Terms.

  • Default Rate of Interest Interest shall accrue on an overdue amount from (and including) the relevant date until the date of actual payment (as well after as before judgment) at the rate per annum determined by the Agent to be 2 per cent. above: (a) in the case of an overdue amount of principal, the higher of the rates set out at paragraphs (a) and (b) of Clause 7.3; or (b) in the case of any other overdue amount, the rate set out at paragraph (b) of Clause 7.3.

  • Alternate Rate of Interest If prior to the commencement of any Interest Period for a Eurodollar Borrowing: (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be made as an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

  • 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).