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

Additional Interest on Eurodollar Rate Loans. The Borrower shall pay to each Lender additional interest on the unpaid principal amount of each Eurodollar Rate Loan of such Lender, from the date of such Loan 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 each Interest Period for such Loan from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Loan. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent.

Appears in 6 contracts

Samples: Credit Agreement (Legg Mason, Inc.), Year Revolving Credit Agreement (Legg Mason Inc), Revolving Credit Agreement (Legg Mason Inc)

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Additional Interest on Eurodollar Rate Loans. The Borrower shall pay to each Lender additional interest on the unpaid principal amount of each Eurodollar Rate Loan of such Lender, from the date of such Loan until such principal amount is paid in full, TERM LOAN AGREEMENT at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for each Interest Period for such Loan from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Loan. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent.

Appears in 1 contract

Samples: Term Loan Agreement (Legg Mason Inc)

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Additional Interest on Eurodollar Rate Loans. The Borrower Borrowers shall pay to each the Lender additional interest on the unpaid principal amount of each Eurodollar Rate Loan of such LenderLoan, from the date of such Loan 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 each Interest Period for such Loan from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Loan. Such additional interest shall be determined by such the Lender and notified to the Borrower through the Administrative AgentBorrowers.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Cincinnati Financial Corp)

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