Adjustment of Interest Rate. The rate of interest on any LIR Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(g). If any Loan is converted into a Base Rate Loan because of Section 2.3(g), the rate of interest on such Base Rate Loan shall be adjusted automatically and without notice on and as of the date of any change in the Base Rate.
Appears in 3 contracts
Samples: Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Transcend Services Inc)
Adjustment of Interest Rate. The rate of interest on any LIR Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(g2.3(f). If any Loan is converted into a Base Rate Loan because of Section 2.3(g), the The rate of interest on such any Base Rate Loan made pursuant to Section 2.3(f) shall be adjusted automatically and without notice on and as of the date of any change in the Base Rate.
Appears in 1 contract
Adjustment of Interest Rate. The rate of interest on any Base Rate Loan shall be adjusted daily to reflect any change in the Base Rate. Subject to Section 2.3(f), the rate of interest on any LIR Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(g). If any Loan is converted into a Base Rate Loan because of Section 2.3(g), the rate of interest on such Base Rate Loan shall be adjusted automatically and without notice on and as of the date of any change in the Base Rate.”
Appears in 1 contract
Adjustment of Interest Rate. The rate of interest on any LIR LIBOR Index Rate Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(g)on each Determination Date. If any LIBOR Index Rate Loan is converted into a Base Rate Loan because of Section 2.3(g3.3(b), the rate of interest on such Base Rate Loan shall be adjusted automatically and without notice on and as of the date of any change in the Alternate Base RateRate as provided in the definition thereof.
Appears in 1 contract
Samples: Credit Agreement (Arhaus, Inc.)
Adjustment of Interest Rate. The rate of interest on any LIR Loan shall be adjusted as provided in the definition of “LIBOR Index Rate,” subject to Section 2.3(g). If any Loan is converted into a Base Rate Loan because of Section 2.3(g), the rate of interest on such Base Rate Loan shall be adjusted automatically and without notice on and as of the date of any change in the Base RateRate as provided in the definition thereof.
Appears in 1 contract
