Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Advance to the greater of (A) 1.00% or (B) the Eurodollar Rate for such Interest Period for such outstanding portion of the Term Loan plus, in either case, the Term Loan Margin for Eurodollar Rate Advances, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 5 contracts
Samples: Second Lien Credit Agreement (Sears Holdings Corp), Second Lien Credit Agreement (Sears Holdings Corp), Second Lien Credit Agreement (Sears Holdings Corp)
Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan such Advance is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn Revolving Advance or Letter of Credit Advance bearing interest at the Eurodollar Rate, a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Revolving Advance to the greater sum of (A) 1.00% or (Bx) the Eurodollar Rate for such Interest Period for such outstanding portion Revolving Advance or Letter of Credit Advance plus (y) the Term Loan plus, Applicable Margin in either case, effect from time to time plus (z) the Term Loan Margin for Eurodollar Rate AdvancesApplicable Utilization Fee, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 4 contracts
Samples: Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Inc), Credit Agreement (Centerpoint Energy Resources Corp)
Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan such Revolving ------------------------ Credit Advance is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Revolving Credit Advance to the greater sum of (A) 1.00% or (Bx) the Eurodollar Rate for such Interest Period for such outstanding portion of Revolving Credit Advance plus (y) the Term Loan plusApplicable Margin in effect from time to time ---- plus (z) the Applicable Utilization Fee in effect from time to time, in either case, the Term Loan Margin for Eurodollar Rate Advances, ---- payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 4 contracts
Samples: 364 Day Credit Agreement (Rayonier Inc), 364 Day Credit Agreement (Agilent Technologies Inc), Credit Agreement (Agilent Technologies Inc)
Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan such Revolving Credit Advance is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Revolving Credit Advance to the greater sum of (A) 1.00% or (Bx) the Eurodollar Rate for such Interest Period for such outstanding portion of revolving Credit Advance plus (y) the Term Loan plusApplicable Margin in effect from time to time plus (z) the Applicable Utilization Fee, if any, in either case, the Term Loan Margin for Eurodollar Rate Advanceseffect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
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Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan such Revolving ------------------------ Credit Advance is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Revolving Credit Advance to the greater sum of (A) 1.00% or (Bx) the Eurodollar Rate for such Interest Period for such outstanding portion of Revolving Credit Advance plus (y) the Term Loan plusApplicable ---- Margin in effect from time to time plus (z) the Applicable Utilization Fee, in either case, the Term Loan Margin for Eurodollar Rate Advances, ---- payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
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Samples: Credit Agreement (Sprint Corp)
Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan such ------------------------ Revolving Credit Advance is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Revolving Credit Advance to the greater sum of (A) 1.00% or (Bx) the Eurodollar Rate for such Interest Period for such outstanding portion of Revolving Credit Advance plus (y) the Term Loan plus, Applicable Margin in either case, the Term Loan Margin for Eurodollar Rate Advanceseffect from time to time plus (z)the Applicable Utilization Fee in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 1 contract
Samples: 364 Day Credit Agreement (Agilent Technologies Inc)
Eurodollar Rate Advances. During such periods as any outstanding portion of the Term Loan is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Advance to the greater of (A) 1.00% or (B) the Eurodollar Rate for such Interest Period for such outstanding portion of the Term Loan plus, in either case, the Term Loan Margin for Eurodollar Rate Advances, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three monthsone month, on each day that occurs during such Interest Period every three months month from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
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