Yield. The amount of the Lessor Amount outstanding from time to time shall accrue Yield at the Yield Rate, calculated on the basis of a 360-day year using the actual number of days elapsed and, when the Yield Rate is based on an Alternate Base Rate, a 365 (or, if applicable, 366) day year basis, and, at all other times, a 360-day year basis. If all or any portion of the Lessor Amount outstanding, any Yield payable thereon or any other amount payable hereunder shall not be paid when due (whether at stated maturity, acceleration thereof or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the Overdue Rate.
Appears in 2 contracts
Sources: Participation Agreement (Regeneron Pharmaceuticals Inc), Participation Agreement (Regeneron Pharmaceuticals Inc)
Yield. The amount of the Lessor Amount outstanding from time to time shall accrue Yield at the Yield Rate, calculated on the basis of a 360-day year using the actual number of days elapsed and, during the initial Interest Period and when the Yield Rate is based on an Alternate Base Ratethe LIBO Rate (Reserve Adjusted), a 365 (or, if applicable, 366) 360-day year basis, basis and, at all other times, a 360365-day (or, if applicable, 366-day) year basis. If all or any portion of the Lessor Amount outstandingAmount, any Yield payable thereon or any other amount payable hereunder shall not be paid when due (whether at stated maturity, acceleration thereof or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the Overdue Rate.
Appears in 2 contracts
Sources: Participation Agreement (Silicon Laboratories Inc), Participation Agreement (Silicon Laboratories Inc)
Yield. The amount of the Lessor Amount Certificate Amounts outstanding from time to time shall accrue Yield at the Yield Rate, calculated on the basis of a 360-day year using the actual number of days elapsed and, when the Yield Rate is based on an Alternate Base the LIBO Rate, a 365 360-day year basis and, otherwise, a 365- (or, if applicable, 366366-) day year basis, and, at all other times, a 360-day year basis. If all or any portion of the Lessor Amount outstandingCertificate Amounts, any Yield payable thereon or any other amount payable hereunder shall not be paid when due (whether at stated maturity, acceleration thereof or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the Overdue Rate.
Appears in 2 contracts
Sources: Participation Agreement (Teletech Holdings Inc), Participation Agreement (Teletech Holdings Inc)
Yield. The amount of the Lessor Amount outstanding from time to time shall accrue Yield at the Series B Yield Rate, calculated on the basis of a 360-day 360‑day year using the actual number of days elapsed and, when the Series B Yield Rate is based on an Alternate Base Rate, a 365 (or, if applicable, 366) day year basis, and, at all other times, a 360-day 360‑day year basis. If all or any portion of the Lessor Amount outstandingAmount, any Yield payable thereon or any other amount payable hereunder shall not be paid when due (whether at stated maturity, acceleration thereof or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the Overdue Rate.
Appears in 1 contract
Yield. The amount of the Lessor Amount outstanding from time to time shall accrue Yield at the Series B Yield Rate, calculated on the basis of a 360-day year using the actual number of days elapsed and, when the Series B Yield Rate is based on an Alternate Base Rate, a 365 (or, if applicable, 366) day year basis, and, at all other times, a 360-day year basis. If all or any portion of the Lessor Amount outstandingAmount, any Yield payable thereon or any other amount payable hereunder shall not be paid when due (whether at stated maturity, acceleration thereof or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the Overdue Rate.
Appears in 1 contract
Sources: Participation Agreement