Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 and 2.12 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each Lender.
Appears in 4 contracts
Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.12, 2.10 to but excluding the date it is paid becomes due or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal separately agreed to among the Floating Rate plus applicable Borrower and the Applicable Margin for such daySwing Line Lender. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 3 contracts
Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)
Changes in Interest Rate, etc. Each Floating Alternate Base Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating an Alternate Base Rate Advance pursuant to Section 2.12SECTION 2.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 SECTION 2.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating an Alternate Base Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 Eurodollar Rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 SECTIONS 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date Facility Termination Date. The Borrower shall select Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Interest Period in order to each Lendermake a mandatory repayment required pursuant to SECTION 2.2.
Appears in 3 contracts
Samples: 364 Day Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon Corp)
Changes in Interest Rate, etc. Each Floating Rate ABR Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate an ABR Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate plus the Applicable Margin for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day date such Swing Line Loan is made made, to but excluding the date it is paid hereofpaid, at a rate per annum equal to the Floating Alternate Base Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate an ABR Advance and on any Swing Line Loan will take effect simultaneously with each change in the Alternate Base Rate. 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 a rate per annum equal to be Adjusted LIBO Rate plus the interest rate Applicable Margin, as determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)
Changes in Interest Rate, etc. (a) Each Floating Rate Advance (other than Swing Line Loans) 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 EurodollarSOFR Advance into a Floating Rate Advance pursuant to Section 2.122.8, to but excluding the date it is paid or is converted into a Eurodollar EurodollarSOFR Advance pursuant to Section 2.12 hereof2.8, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance Revolving Loan maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. .
(b) Each Eurodollar EurodollarSOFR 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 ratea 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 2.11 2.7 and 2.12 2.8 and otherwise in accordance with the terms hereof, ) plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable final Facility Termination Date.
(c) Each LIBORSOFR Market Index Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from the date such LIBORSOFR Market Index Rate Advance is made to each Lenderthe date it is paid at a rate per annum equal to the LIBORSOFR Market Index Rate for such day plus the Applicable Margin for SOFR Advances.
Appears in 2 contracts
Samples: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus for such day or such other rate, if any, agreed to by the Applicable Margin Borrower and the Swing Line Lender for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 and 2.12 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderDate.
Appears in 2 contracts
Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 and 2.12 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Facility Termination Date. Interest on Loans outstanding on the Effective Date applicable shall be calculated (x) for periods up to each Lenderand including the Effective Date at the rates set forth on the Pricing Schedule in the Existing Credit Agreement and (y) for periods after the Effective Date at the rates set forth in this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base RateRate and with each change in the Applicable Margin. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus hereof (and will change during any such Interest Period simultaneously with each change in the Applicable Margin). No Interest Period may end after the Maturity Date applicable Facility Termination Date.
(j) Section 2.19.1 of the Credit Agreement (Facility LCs) shall be amended in its entirety to each Lender.read as follows:
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Aristotle Corp)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansAdvance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such dayday or at such other rate per annum as shall be agreed to by the Swing Line Lender and the Company. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period in respect of any Revolving Loan may end after the Maturity Date applicable to each LenderRevolving Loan Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall ----------------------------- bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to ------------ but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin ------------ 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus applicable rate quoted by the Applicable Margin for such daySwing Line Lender and agreed to by the Borrower. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the ------------ ---- terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections Section 2.11 and 2.12 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderDate.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus for such day or such other rate, if any, agreed to by the Applicable Margin Borrower and the Swing Line Lender for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance or Fixed Rate Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Fixed Rate Loan shall bear interest on the outstanding principal amount thereof, for each day 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 then Lender based upon the Borrower's selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. 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 Eurodollar Rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Gpu Inc /Pa/)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such dayRate. 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus (or such other rate as may have been agreed to by the Applicable Margin Borrower and the Swing Line Lender) for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than and Swing ------------------------------ Line Loans) Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance or Swing Line Loan is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or or, for ------------ Floating Rate Advances, is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such ------------ day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance and each Swing Line Loan will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 Section 2.9 and 2.12 2.10 and otherwise in accordance with the terms ----------- ---- hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar LIBOR Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar LIBOR Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such dayRate. 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus (or such other rate as may have been agreed to by the Applicable Margin Borrower and the Swing Line Lender) for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar LIBOR 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 LIBOR Advance based upon the Borrower’s selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal to the Floating Rate for such day, plus the Applicable Margin for such dayset forth on the Pricing Schedule. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Matrix Service Co)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus for such day or such other rate, if any, agreed to by the Applicable Margin Borrower and the Swing Line Lender for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Alternate Base Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 Eurodollar Rate plus the Administrative Agent as applicable to such Eurodollar Advance Applicable Margin based upon the Borrower’s selections under Sections 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date Facility Termination Date. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin for each Lenderday from and including the date such Swing Line Loan is made to but excluding the date it is paid. Changes in the rate of interest on that portion of any Swing Line Loan will take effect simultaneously with each change in the Alternate Base Rate.
Appears in 1 contract
Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Term Benchmark Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar Term Benchmark Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus for such day or such other rate, if any, agreed to by the Applicable Margin Borrower and the Swing Line Lender for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Term Benchmark 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 Term Benchmark Advance based upon the Borrower’s selections under Sections 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
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Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansLoan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.122.10, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.12 2.10 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereofpaid, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such dayday or, in the case of any Swing Line Loan in any Eligible Currency, such rate offered by the Swing Line Lender. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 applicable to such Eurodollar Advance based upon the Borrower’s 's selections under Sections 2.11 2.9 and 2.12 2.10 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderFacility Termination Date.
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Samples: Credit Agreement (Pioneer Standard Electronics Inc)
Changes in Interest Rate, etc. Each Floating Rate Advance (other than Swing Line Loans) Portion shall bear interest on the outstanding principal amount thereof, thereof for each day from and including the date such Advance Portion is made designated or is automatically converted from a Eurodollar Advance Portion into a Floating Rate Advance Portion pursuant to Section 2.122.8, to but excluding the date it is paid or is converted into a Eurodollar Advance Portion pursuant to Section 2.12 2.8 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 paid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance Portion maintained as a Floating Rate Advance Portion will take effect simultaneously with each change in the Alternate Base RateRate or the Applicable Margin. Each Eurodollar Advance Portion shall bear interest on the outstanding principal amount thereof for each day 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 Advance Portion based upon the Borrower’s 's selections under Sections 2.11 2.7 and 2.12 2.8, any changes in the Applicable Margin and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period may end after the Maturity Date applicable to each LenderDate.
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Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansAdvance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin 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 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such dayday 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 Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period in respect of any Loan may end after the Maturity Date applicable to each LenderDate.
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Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoansAdvance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.122.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.12 2.9 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Each Swing Line Loan 12660163v2 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 hereof, at a rate per annum equal to elected by the Floating Rate plus the Applicable Margin for such dayBorrower in accordance with Section 2.3.2. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. 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 2.11 2.8 and 2.12 2.9 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Interest Period in respect of any Loan may end after the Maturity Date applicable to each LenderDate.
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