Common use of Additional Interest on Eurodollar Rate Advances Clause in Contracts

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each Bank, so long as such Bank shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Advance of such Bank during such periods as such Advance is a Eurodollar Rate Advance, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank and notified to the Borrower through the Agent.

Appears in 8 contracts

Samples: Revolving Credit Agreement (Halliburton Co), Revolving Credit Agreement (Halliburton Co), Revolving Bridge Facility Credit Agreement (Halliburton Co)

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Additional Interest on Eurodollar Rate Advances. The Each Borrower shall pay to each BankLender, so long as such Bank shall be Lender is required under regulations of the Board of Governors of the Federal Reserve Board System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during Lender to such periods as such Advance is a Eurodollar Rate AdvanceBorrower, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum for each Interest Period equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the such Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank Lender for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank Lender and notified to the Borrower relevant Borrowers through the Agent.

Appears in 6 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each Bank, so So long as such a Bank shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, Borrower shall pay to Bank additional interest on the unpaid principal amount of each Advance of such Bank during such periods as such Advance is a Eurodollar Rate Advance, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank and notified to the Borrower through the Administrative Agent.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Kbr, Inc.), Revolving Credit Agreement (Kbr, Inc.), Revolving Credit Agreement (Kbr, Inc.)

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each BankLender, so long as such Bank Lender shall be required under regulations of the Board of Governors of the Federal Reserve Board System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during such periods as such Advance is a Eurodollar Rate AdvanceLender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank Lender for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank Lender and notified to the Borrower through the Agent.

Appears in 3 contracts

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

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each BankLender, so long as such Bank Lender shall be required under regulations of the Board of Governors of the Federal Reserve Board System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during such periods as such Advance is a Eurodollar Rate AdvanceLender, from the date of such A Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate A Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank Lender for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate A Advance. Such additional interest shall be determined by such Bank Lender and notified in writing to the Borrower through the Agent.

Appears in 2 contracts

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

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each Bank, so long as such Bank shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during such periods as such Advance is a Eurodollar Rate AdvanceBank, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (ia) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate Advance from (iib) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank and notified to the Borrower through the Agent. Payments under this Section 2.08 shall be made within 15 days from the date such Bank makes written demand therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Halliburton Co)

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Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each BankLender, so long as such Bank Lender shall be required under regulations of the Board of Governors of the Federal Reserve Board System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during such periods as such Advance is a Eurodollar Rate AdvanceLender made to the Borrower, from the date of such A Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the such Interest Period then in effect for such Eurodollar Rate A Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank Lender for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate A Advance. Such additional interest shall be determined by such Bank Lender and notified to the Borrower through the Agent.

Appears in 1 contract

Samples: Credit Agreement (Century Communications Corp)

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each BankLender, so long as such Bank Lender shall be required under regulations of the Board of Governors of the Federal Reserve Board System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during such periods as such Advance is a Eurodollar Rate AdvanceLender, from the date of such Eurodollar Rate Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank Lender for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank Lender and notified to the Borrower through the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Trinova Corp)

Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each BankLender, so long as such Bank shall be Lender is required under regulations of the Board of Governors of the Federal Reserve Board System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Bank during such periods as such Advance is a Eurodollar Rate AdvanceLender to the Borrower, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum for each Interest Period equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the such Interest Period then in effect for such Eurodollar Rate Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Bank Lender for such Interest Period, payable on each date on which interest is payable on such Eurodollar Rate Advance. Such additional interest shall be determined by such Bank Lender and notified to the Borrower through the Agent.

Appears in 1 contract

Samples: Credit Agreement (Boeing Co)

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