Common use of Eurodollar RateTerm Benchmark Advances Clause in Contracts

Eurodollar RateTerm Benchmark Advances. If such Advance is a Eurodollar RateTerm Benchmark Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the EurodollarAdjusted Term SOFR Rate for such Interest Period plus the Applicable Margin for such Eurodollar RateTerm Benchmark Advance in effect from time to time, payable on the last day of each Interest Period for such Eurodollar Rateapplicable to the Borrowing of which such Advance is a part (and, in the case of anya Term Benchmark Borrowing with an Interest Period of sixmore than three months, on’ duration, each day prior to the last day of the third monthsuch Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period), on the Termination Date applicable to such Lender and on the date such Eurodollar RateTerm Benchmark Advance shall be Converted or be paid in full and as provided in Section 2.12.

Appears in 3 contracts

Samples: Credit Agreement (FirstEnergy Transmission, LLC), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)

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Eurodollar RateTerm Benchmark Advances. If such Advance is a Eurodollar RateTerm Benchmark Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the EurodollarAdjusted Term SOFR Rate for such Interest Period plus the Applicable Margin for such Eurodollar RateTerm Benchmark Advance in effect from time to time, payable on the last day of each Interest Period for such Eurodollar Rateapplicable to the Borrowing of which such Advance is a part (and, in the case of anya Term Benchmark Borrowing with an Interest Period of sixmore than three months, on’ duration, each day prior to the last day of the third monthsuch Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period), on the Termination Date applicable to such Lender and on the date such Eurodollar RateTerm Benchmark Advance shall be Converted or be paid in full and as provided in Section 2.12.. 42 753190870

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

Eurodollar RateTerm Benchmark Advances. If such Advance is a Eurodollar RateTerm Benchmark Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the EurodollarAdjusted Term SOFR Rate for such Interest Period plus the Applicable Margin for such Eurodollar RateTerm Benchmark Advance in effect from time to time, payable on the last day of each Interest Period for such Eurodollar Rateapplicable to the Borrowing of which such Advance is a part (and, in the case of anya Term Benchmark Borrowing with an Interest Period of sixmore than three months, on’ duration, each day prior to the last day of the third monthsuch Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period), on the Termination Date applicable to such Lender and on the date such Eurodollar RateTerm Benchmark Advance shall be Converted or be paid in full and as provided in Section 2.12.. 42 753191220

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

Eurodollar RateTerm Benchmark Advances. If such Advance is a Eurodollar RateTerm Benchmark Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the EurodollarAdjusted Term SOFR Rate for such Interest Period plus the Applicable Margin for such Eurodollar RateTerm Benchmark Advance in effect from time to time, payable on the last day of each Interest Period for such Eurodollar Rateapplicable to the Borrowing borrowing of which such Advance is a part (and, in the case of anya Term Benchmark Borrowing with an Interest Period of sixmore than three months, on’ duration, each day prior to the last day of the third monthsuch Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period), on the Termination Date applicable to such Lender and on the date such Eurodollar RateTerm Benchmark Advance shall be Converted or be paid in full and as provided in Section 2.12.

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

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Eurodollar RateTerm Benchmark Advances. If such Advance is a Eurodollar RateTerm Benchmark Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the EurodollarAdjusted Term SOFR Rate for such Interest Period plus the Applicable Margin for such Eurodollar RateTerm Benchmark Advance in effect from time to time, payable on the last day of each Interest Period for such Eurodollar Rateapplicable to the Borrowing of which such Advance is a part (and, in the case of anya Term Benchmark Borrowing with an Interest Period of sixmore than three months, on’ duration, each day prior to the last day of the third monthsuch Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period), on the Termination Date applicable to such Lender and on the date such Eurodollar RateTerm Benchmark Advance shall be Converted or be paid in full and as provided in Section 2.12.. 42 753191373

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

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