Federal Funds Rate Advances. While such Advance is a Federal Funds Rate Advance, a rate per annum equal at all times to the sum of the Federal Funds Rate in effect from time to time plus the Applicable Margin for Federal Funds Rate Advances, payable quarterly in arrears on the last Business Day of each March, June, September and December and on the date such Advance shall be Converted or such principal repaid.
Appears in 4 contracts
Samples: Revolving Credit Agreement (BlackRock Multi-Strategy Hedge Opportunities LLC), Revolving Credit Agreement (BlackRock Multi-Strategy Hedge Advantage), Revolving Credit Agreement (BlackRock Multi-Strategy Hedge Advantage)
Federal Funds Rate Advances. While During such periods as such Advance is a Federal Funds Rate Advance, a rate per annum equal at all times during each Federal Funds Interest Period for such Advance to the sum of (A) the Federal Funds Advance Rate in effect from time to time during such Interest Period plus the Applicable Margin for Federal Funds Rate Advances(B) 0.375%, payable quarterly in arrears on the last Business Day day of such Interest Period and, if such Interest Period has a duration of more than three months, on each March, June, September and December day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Federal Funds Rate Advance shall be Converted or such principal repaidpaid in full.
Appears in 1 contract
Samples: Credit Agreement (Komag Inc /De/)
Federal Funds Rate Advances. While During such periods as such Advance is a Federal Funds Rate Advance, a rate per annum equal at all times to the sum of (x) the Federal Funds Rate in effect from time to time plus the Applicable Margin for Federal Funds Rate Advances(y) 0.25% per annum, payable quarterly in arrears on the last Business Day of each March, June, September and December and on the date such Federal Funds Rate Advance shall be Converted or such principal repaidpaid in full.
Appears in 1 contract
