Common use of Adjusted CD Rate Advances Clause in Contracts

Adjusted CD Rate Advances. If such Contract Advance is an Adjusted CD Rate Advance, a rate per annum equal at all times during the Interest Period for such Contract Advance to the sum of the Adjusted CD Rate for such Interest Period plus the Applicable Margin for such Adjusted CD Rate in effect from time to time, payable on the last day of each Interest Period for such Adjusted CD Rate Advance (and, in the case of any Interest Period of 180 days, on the 90th day of such Interest Period) and on the date such Adjusted CD Rate Advance shall be Converted or paid in full. (c)

Appears in 2 contracts

Samples: Louisville Gas & Electric Co /Ky/, Louisville Gas & Electric Co /Ky/

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Adjusted CD Rate Advances. If such Contract Advance is an Adjusted CD Rate Advance, a rate per annum equal at all times during the Interest Period for such Contract Advance to the sum of the Adjusted CD Rate for such Interest Period plus the Applicable Margin for such Adjusted CD Rate in effect from time to time, payable on the last day of each the Interest Period for such Adjusted CD Rate Advance (andor, in if the case of any Interest Period of for such Advance is 180 days, accrued interest shall be payable on the 90th day and the 180th day of such Interest Period) and or, if earlier, on the date such Adjusted CD Rate Advance shall be Converted or paid in full. (c).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Peco Energy Co), Credit Agreement (Peco Energy Co)

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