Canadian Prime Rate Advances. For each Canadian Prime Rate Advance, a rate per annum equal at all times to the sum of (x) the Canadian Prime Rate in effect from time to time plus (y) the Canadian Prime Rate Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Canadian Prime Rate Advance shall be paid in full.
Appears in 4 contracts
Samples: 5 Year Credit Agreement (Marsh & McLennan Companies, Inc.), Credit Agreement (Marsh & McLennan Companies, Inc.), Credit Agreement (Marsh & McLennan Companies, Inc.)
Canadian Prime Rate Advances. For each If such Revolving Advance is a Canadian Prime Rate Advance, a rate per annum equal at all times to the sum of (x) the Canadian Prime Rate in effect from time to time time, plus (y) the Canadian Prime Rate Margin in effect from time to timeApplicable Margin, payable in arrears quarterly on (i) the last day of each March, June, September quarter and December during such periods and on (ii) the date such Canadian Prime Rate Advance shall be paid in full; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 1 1/2% per annum above the Canadian Prime Rate plus the Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Olin Corp), Credit Agreement (Olin Corp)
Canadian Prime Rate Advances. For each Each Canadian Prime Rate Advance, a rate per annum equal Advance shall bear interest at all times to the sum of (x) the applicable Canadian Prime Rate in effect from time to time plus (y) the Applicable Margin for Canadian Prime Rate Margin in effect from time Advances for such period. The Canadian Borrower shall pay to time, payable in arrears quarterly on Canadian Administrative Agent for the last day ratable account of each MarchCanadian Lender all accrued but unpaid interest on such Canadian Lender’s Canadian Prime Rate Advances on each March 31, JuneJune 30, September 30, and December during such periods 31 commencing on September 30, 2014, and on the date such Canadian Prime Rate Advance shall be paid in fullMaturity Date.
Appears in 2 contracts
Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)
Canadian Prime Rate Advances. For each If and so long as such Advance is a Canadian Prime Rate AdvanceAdvance and subject to clause (2) below, at a rate per annum equal at all times to the sum of (x) the Canadian Prime Rate in effect from time to time plus (y) the Canadian Prime Rate Margin in effect from time to timeApplicable Margin, calculated daily and payable in arrears quarterly (i) quarterly, on the last day fifth Business Day of each Marchof April, JuneJuly, September October and December during such periods January; and on the date (ii) when such Canadian Prime Rate Advance shall be paid becomes due and payable in fullfull pursuant to the provisions hereof.
Appears in 2 contracts
Samples: Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc)
Canadian Prime Rate Advances. For each Canadian Prime Rate Advance, a rate per annum equal at all times to the sum of (x) the Canadian Prime Rate in effect from time to time plus (y) the Canadian Prime Rate Applicable Margin in effect from time to time plus (z) the Applicable Utilization Fee in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Canadian Prime Rate Advance shall be paid in full.
Appears in 1 contract
Canadian Prime Rate Advances. For each If and so long as such Advance is a Canadian Prime Rate AdvanceAdvance and subject to clause (5) below, at a rate per annum equal at all times to the sum of (x) the Canadian Prime Rate in effect from time to time plus (y) the Canadian Prime Rate Margin in effect from time to timeApplicable Margin, calculated daily and payable in arrears quarterly (i) on the last day first Business Day of each March, June, September month in each year; and December during such periods and on the date (ii) when such Canadian Prime Rate Advance shall be paid becomes due and payable in fullfull pursuant to the provisions hereof.
Appears in 1 contract
Samples: Credit Agreement (Open Text Corp)