Common use of Additional Interest on Eurodollar Loans Clause in Contracts

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 9 contracts

Samples: Credit Agreement (World Access Inc /New/), Credit Agreement (Alamosa PCS Holdings Inc), Credit Agreement (Alamosa PCS Holdings Inc)

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Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower shall not be obligated to make any such payment of additional interest in accordance with this Section 4.7 until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 3 contracts

Samples: Credit Agreement (Savvis Communications Corp), Credit Agreement (Log on America Inc), Credit Agreement (Savvis Communications Corp)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the The Borrower shall --------------------------------------- pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to ----- such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is ----------- payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, -------------- -------- ------- that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 2 contracts

Samples: Lease Agreement (Mail Well I Corp), Intercreditor Agreement (Mail Well Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the The Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 2 contracts

Samples: Credit Agreement (Dynamex Inc), Credit Agreement (Dynamex Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 2.5 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b2.5(b); provided, however, that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 2 contracts

Samples: Credit Agreement (Net2000 Communications Inc), Credit Agreement (Net2000 Communications Inc)

Additional Interest on Eurodollar Loans. Without duplication F.Y.I. shall pay to the Administrative Agent, for the account of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower F.Y.I. on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower F.Y.I. shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower F.Y.I. has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower F.Y.I. shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower F.Y.I. on or prior to such time had the Borrower F.Y.I. been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Fyi Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the The Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Paracelsus Healthcare Corp)

Additional Interest on Eurodollar Loans. Without --------------------------------------- duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be ----------- payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower --------------- -------- ------- shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Cais Internet Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower The BORROWERS shall pay, directly to each Lender Bank from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such LenderBank, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender Bank in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower BORROWERS on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower BORROWERS shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has BORROWERS have been informed (i) that such Lender Bank is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower BORROWERS shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower BORROWERS on or prior to such time had the Borrower BORROWERS been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Falcon Drilling Co Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower Borrowers shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower Borrowers on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower Borrowers shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has Borrowers have been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower Borrowers shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower Borrowers on or prior to such time had the Borrower Borrowers been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Oao Technology Solutions Inc)

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Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower The Lessor shall --------------------------------------- pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate ----- applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 2.6 shall be payable by the Borrower Lessor on each date upon ----------- which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b2.4(e); -------------- provided, however, that the Borrower Lessor shall not be obligated to make any such -------- ------- payment of additional interest until the first Business Day after the date when the Borrower Lessor has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower Lessor shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower Lessor on or prior to such time had the Borrower Lessor been earlier informed).

Appears in 1 contract

Samples: Loan Agreement (Mail Well Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower BORROWER shall pay, directly to each Lender Bank from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such LenderBank, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender Bank in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower BORROWER on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower BORROWER shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has BORROWER have been informed (i) that such Lender Bank is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower BORROWER shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower BORROWER on or prior to such time had the Borrower BORROWER been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Falcon Drilling Co Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the The Borrower shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus MINUS (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section SECTION 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(bSECTION 2.4(B); providedPROVIDED, howeverHOWEVER, that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Paracelsus Healthcare Corp)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower The Lessor shall --------------------------------------- pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to ----- such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 11.7 shall be payable by the Borrower Lessor on each date upon which interest is ------------ payable on such Eurodollar Loan pursuant to Section 2.4(b)Loan; provided, however, that the Borrower Lessor shall not be -------- ------- obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower Lessor has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower Lessor shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower Lessor on or prior to such time had the Borrower Lessor been earlier informed).

Appears in 1 contract

Samples: Participation Agreement (Mail Well Inc)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower shall pay, directly to each Lender Bank from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such LenderBank, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender Bank in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower has have been informed (i) that such Lender Bank is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower shall be obligated to make all such payments of additional interest, including, without limitation, such payment payments of additional interest that otherwise would have been payable by the Borrower on or prior to such time had the Borrower been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (R&b Falcon Corp)

Additional Interest on Eurodollar Loans. Without duplication of Section 2.4 or amounts directly included in the definition of the term "Adjusted Eurodollar Rate", the Borrower F.Y.I. shall pay, directly to each Lender from time to time, additional interest on the unpaid principal amount of each Eurodollar Loan held by such Lender, from the date of the making of such Eurodollar Loan until such principal amount is paid in full, at an interest rate per annum determined by such Lender in good faith equal to the positive remainder (if any) of (a) the Adjusted Eurodollar Rate applicable to such Eurodollar Loan minus (b) the Eurodollar Rate applicable to such Eurodollar Loan. Each payment of additional interest pursuant to this Section 4.7 shall be payable by the Borrower F.Y.I. on each date upon which interest is payable on such Eurodollar Loan pursuant to Section 2.4(b); provided, however, that the Borrower F.Y.I. shall not be obligated to make any such payment of additional interest until the first Business Day after the date when the Borrower F.Y.I. has been informed (i) that such Lender is subject to a Reserve Requirement and (ii) of the amount of such Reserve Requirement (after which time the Borrower F.Y.I. shall be obligated to make all such payments of additional interest, including, without limitation, such payment of additional interest that otherwise would have been payable by the Borrower F.Y.I. on or prior to such time had the Borrower F.Y.I. been earlier informed).

Appears in 1 contract

Samples: Credit Agreement (Fyi Inc)

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