Common use of Accrual of Interest; Margin Adjustments Clause in Contracts

Accrual of Interest; Margin Adjustments. Each Swing Line Advance shall, from time to time after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, and the amount and date of any repayment shall be noted on Agent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Agent to record any such information shall not relieve Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the Loan Documents.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Aqua Chem Inc), Credit Agreement (Jacobson Stores Inc), Credit Agreement (Valassis Communications Inc)

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Accrual of Interest; Margin Adjustments. Each Swing Line Advance shall, from time to time after the date of such Advance, bear interest at its Applicable Interest Rate. The amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, and the amount and date of any repayment shall be noted on Agent's records, which records will be conclusive evidence thereof, absent manifest error; providedPROVIDED, however, that any failure by the Agent to record any such information shall not relieve Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Valassis Communications Inc)

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Accrual of Interest; Margin Adjustments. Each Swing Line Advance --------------------------------------- shall, from time to time after the date of such Advance, bear interest at its Applicable Interest the Prime-based Rate. The amount and date of each Swing Line Advance, its Applicable Interest the Prime- based Rate, its Interest Period, and the amount and date of any repayment shall be noted on Agent's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by the Agent to record any such information shall not relieve Company of its obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this Agreement and the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (FLD Acquisition Corp)

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