Common use of Accrual Rate Clause in Contracts

Accrual Rate. Subject to the provisions of Section 2.9.3, each Loan shall bear interest on the outstanding principal amount thereof from the date when made (which, in the case of a drawing on a Letter of Credit, is the date of such drawing) until it becomes due at a rate per annum equal to LIBOR or the Reference Rate, as the case may be, plus the Applicable Margin.

Accrual Rate. Subject to the provisions of Section 2.9.3subsection 2.8.3, each Loan shall bear interest on the outstanding principal amount thereof from the date when made (which, in the case of a drawing on a Letter of Credit, is the date of such drawing) until it becomes due at a rate per annum equal to the LIBOR Rate or the Reference Rate, as the case may be, plus the Applicable Margin.. 2.8.2

Accrual Rate. Subject to the provisions of Section subsection 2.9.3, each Loan shall bear interest on the outstanding principal amount thereof from the date when made (which, in the case of a drawing on a Letter of Credit, is the date of such drawing) until it becomes due at a rate per annum equal to the LIBOR Rate or the Reference Rate, as the case may be, plus the Applicable Margin.. 2.9.2

Accrual Rate. Subject to the provisions of Section 2.9.3subsection , each Loan shall bear interest on the outstanding principal amount thereof from the date when made (which, in the case of a drawing on a Letter of Credit, is the date of such drawing) until it becomes due at a rate per annum equal to LIBOR or the Reference Prime Rate, as the case may be, plus the Applicable Margin.