Common use of Changes in Interest Rate, etc Clause in Contracts

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.8, to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.8, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 9 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (Idaho Power Co)

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Changes in Interest Rate, etc. (a) Each Floating Rate Advance (other than a Swing Line Advance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.82.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.82.9 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is fully paid at a rate per annum equal to the Floating Rate for such day or at such other rate per annum as shall be agreed to by the Swing Line Lender and the Borrower. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) . Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as Eurodollar Rate applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 7 contracts

Samples: Five Year Revolving Credit Agreement (United Stationers Inc), Five Year Revolving Credit Agreement (United Stationers Inc), Five Year Revolving Credit Agreement (United Stationers Inc)

Changes in Interest Rate, etc. (a) Each Floating Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Eurocurrency Ratable Advance into a Floating Base Rate Advance pursuant to Section 2.82.02.4, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Ratable Advance pursuant to Section 2.82.02.4 hereof, at a rate per annum equal to the Floating Alternate Base Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Base Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) . Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance Eurocurrency Ratable Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid during each Interest Period applicable thereto, at a rate per annum equal to the LIBOR Market Index Eurocurrency Rate for such day. Each Eurocurrency Bid Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Eurocurrency Bid Rate quoted by the Lender making such Loan in accordance with Section 2.05. Each Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Absolute Rate quoted by the Lender making such Loan in accordance with Section 2.05.

Appears in 6 contracts

Samples: Credit Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance (other than a Swing Line Advance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.82.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.82.9 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is fully paid at a rate per annum elected by the Borrower in accordance with Section 2.3.2. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) . Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the Borrower’s selections under Sections 2.7 2.8 and 2.8 2.9 and otherwise in accordance with the terms hereof. No Interest Period in respect of any Loan may end after the Facility Termination Maturity Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 3 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Floating Rate Advance is made or is automatically converted from a Eurodollar SOFR Advance into a Floating Rate Advance pursuant to Section 2.8, to the date it is paid or is converted into a Eurodollar SOFR Advance pursuant to Section 2.8, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Each Eurodollar SOFR Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest a per annum rate equal to Adjusted Term SOFR (as determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof) plus the Applicable Margin. No Interest Period may end after the final Facility Termination Date. (c) Each LIBOR SOFR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR SOFR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR SOFR Market Index Rate for such dayday plus the Applicable Margin for SOFR Advances.

Appears in 3 contracts

Samples: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co), Credit Agreement

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.8, 2.2(d) to but excluding the date it becomes due, is paid prepaid or is converted into a Eurodollar Advance pursuant to Section 2.82.2(d), at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) . Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period or, with respect to any principal amount prepaid pursuant to Section 2.7, the date of such prepayment, at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereofAdvance. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from the and including date such LIBOR Market Index Rate Advance is made to but excluding the date it becomes due or is paid prepaid, at a rate per annum equal to the LIBOR Market Index Swing Line Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Swing Line Loan will take effect simultaneously with each change in the LIBOR Market Index Rate.

Appears in 3 contracts

Samples: Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/)

Changes in Interest Rate, etc. (a) Each Floating Alternate Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating an Alternate Base Rate Advance pursuant to Section 2.82.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.82.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate for such day. Each XXXXX Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made to but excluding the date it is paid, at a rate per annum equal to XXXXX for such day. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating an Alternate Base Rate Advance or XXXXX Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Rate or XXXXX, as applicable. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the applicable Borrower’s selections under Sections 2.7 2.8 and 2.8 2.9 and otherwise in accordance with the terms hereof. No Interest Period may end after the latest Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Five Year Credit Agreement (Aon PLC)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.8, to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.8, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof. No Interest Period may end after the earlier to occur of (i) the third anniversary of the Borrowing Date of the applicable Eurodollar Advance, and (ii) the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Idaho Power Co)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.8, 2.10 to but excluding the date it is paid becomes due or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.82.10 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan that bears interest at the Floating Rate or the Offered Rate shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate or the Offered Rate, as applicable, for such day. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Rate Advance or bearing interest at the Offered Rate will take effect simultaneously with each change in the Alternate Base Rate or Offered Rate. (b) , as applicable. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the applicable Borrower’s selections under Sections 2.7 2.5.2 and 2.8 2.9, as applicable, and 2.10 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Cooper Cameron Corp)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar SOFR Advance into a Floating Rate Advance pursuant to Section 2.8, 2.2(d) to but excluding the date it becomes due, is paid prepaid or is converted into a Eurodollar SOFR Advance pursuant to Section 2.82.2(d), at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) . Each Eurodollar SOFR Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period or, with respect to any principal amount prepaid pursuant to Section 2.7, the date of such prepayment, at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereofSOFR Advance. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from the and including date such LIBOR Market Index Rate Advance is made to but excluding the date it becomes due or is paid prepaid, at a rate per annum equal to the LIBOR Market Index Swing Line Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Swing Line Loan will take effect simultaneously with each change in the SOFR Market Index Rate.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

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Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.8, to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.8, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate.Section (b) Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof. No Interest Period may end after the earlier to occur of (i) the third anniversary of the Borrowing Date of the applicable Eurodollar Advance, and (ii) the final Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 1 contract

Samples: Credit Agreement

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.82.9, to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.82.9, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 0 and 2.8 2.9 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Idacorp Inc)

Changes in Interest Rate, etc. (a) Each Floating Alternate Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Term SOFR Advance into a Floating an Alternate Base Rate Advance pursuant to Section 2.82.9, to but excluding the date it is paid or is converted into a Eurodollar Term SOFR Advance pursuant to Section 2.82.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Each Eurodollar Term SOFR Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate Adjusted Term SOFR Rate determined by the Administrative Agent as applicable to such Eurodollar Term SOFR Advance based upon the applicable Borrower’s selections under Sections 2.7 2.8 and 2.8 2.9 and otherwise in accordance with the terms hereof. No Each Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period may end after applicable thereto to (but not including) the Facility Termination Date. (c) last day of such Interest Period at the Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurocurrency Advance based upon the applicable Borrower’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. Each LIBOR Market Index Rate XXXXX Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.for

Appears in 1 contract

Samples: Credit Agreement (Aon PLC)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.8, to the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.8, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.7 and 2.8 and otherwise in accordance with the terms hereof. No Interest Period may end after the earlier to occur of (i) the third anniversary of the Borrowing Date of the applicable Eurodollar Advance, and (ii) the Facility Termination Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.. 12604453v 1 24740.000 246

Appears in 1 contract

Samples: Credit Agreement (Idaho Power Co)

Changes in Interest Rate, etc. (a) Each Floating Rate Advance (other than a Swing Line Advance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Floating Rate Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.8‎2.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.8‎2.9 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is fully paid at a rate per annum elected by the Borrower in accordance with Section 2.3.2. Changes in the rate of interest on that portion of any Revolving Loan Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. (b) . Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the Borrower’s selections under Sections 2.7 ‎2.8 and 2.8 ‎2.9 and otherwise in accordance with the terms hereof. No Interest Period in respect of any Loan may end after the Facility Termination Maturity Date. (c) Each LIBOR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBOR Market Index Rate Advance is made to the date it is paid at a rate per annum equal to the LIBOR Market Index Rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

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