Common use of Interest and Applicable Margins Clause in Contracts

Interest and Applicable Margins. (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders in accordance with the various Loans being made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Revolving Credit Advances, the Index Rate plus the Applicable Revolver Index Margin per annum or, at the election of Borrower, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum, based on the aggregate Revolving Credit Advances outstanding from time to time; (ii) with respect to the Term Loan, the Index Rate plus the Applicable Term Loan Index Margin per annum; and (iii) with respect to the Swing Line Loan, the Index Rate plus the Applicable Revolver Index Margin per annum. The Applicable Margins are as follows: Applicable Revolver Index Margin 1.50% Applicable Revolver LIBOR Margin 2.75% Applicable Term Loan Index Margin 5.25% Applicable L/C Margin 2.75% Applicable Unused Line Fee Margin 0.35%

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

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Interest and Applicable Margins. (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders in accordance with the various Loans being made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Tranche A Revolving Credit Advances, the Index Rate plus the Applicable Tranche A Revolver Index Margin per annum or, at the election of Borrower, the applicable LIBOR Rate plus the Applicable Tranche A Revolver LIBOR Margin per annum, based on the aggregate Tranche A Revolving Credit Advances outstanding from time to time; (ii) with respect to the Term LoanTranche B Revolving Credit Advances, the Index Rate plus the Applicable Term Loan Index Margin per annum14.25% (except that Tranche B Real Estate Advances shall bear interest as set forth in Section 1.1(e)); and (iii) with respect to the Swing Line Loan, the Index Rate plus the Applicable Tranche A Revolver Index Margin per annum. The Applicable Margins are will be, as follows: set forth below, on a per annum basis as of the Closing Date and until adjusted as described below. Applicable Revolver Index Margin 1.50% Applicable Tranche A Revolver LIBOR Margin 2.75% Applicable Term Loan Tranche A Revolver Index Margin 5.251.25% Applicable L/C Margin 2.751.75% Applicable Unused Line Fee Facility Margin 0.350.50%

Appears in 1 contract

Samples: In Possession Credit Agreement (Filenes Basement Corp)

Interest and Applicable Margins. (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders in accordance with the various Loans being made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Revolving Credit Advances, the Index Rate plus the Applicable Revolver Index Margin per annum or, at the election of Borrower, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum, based on the aggregate Revolving Credit Advances outstanding from time to time; and (ii) with respect to the Term Loan, the Index Rate plus the Applicable Term Loan Index Margin per annum; and (iii) with respect to the Swing Line Loan, the Index Rate plus the Applicable Revolver Index Margin per annum. The Applicable Margins Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable L/C Margin, and the Applicable Unused Line Fee Margin are as followseach equal to the rates per annum set forth below: Applicable Revolver Index Margin 1.500.25% Applicable Revolver LIBOR Margin 2.75% Applicable Term Loan Index Margin 5.251.75% Applicable L/C Margin 2.751.75% Applicable Unused Line Fee Margin 0.350.375%

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Interest and Applicable Margins. (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders Lenders, in accordance with the various Loans being made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Revolving Credit AdvancesAdvances which are designated as Index Rate Loans (and for all other Obligations not otherwise set forth below), the Index Rate plus the Applicable Revolver Index Margin per annum or, at the election of Borrowerwith respect to Revolving Credit Advances which are designated as LIBOR Loans, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum, based on the aggregate Revolving Credit Advances outstanding from time to time; (ii) with respect to the Term Loan, the Index Rate plus the Applicable Term Loan Index Margin per annum; and (iiiii) with respect to the Swing Line Loan, the Index Rate plus the Applicable Revolver Index Margin per annum. The Applicable Margins are as follows: Applicable Revolver Index Margin 1.501.00 % Applicable Revolver LIBOR Margin 2.75% Applicable Term Loan Index Margin 5.252.50 % Applicable L/C Margin 2.752.50 % Applicable Unused Line Fee Margin 0.350.50 %

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

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Interest and Applicable Margins. (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders Lenders, in accordance with the various Loans being made by each Lender, in arrears on each applicable Interest Payment Date, at the following rates: (i) with respect to the Revolving Credit AdvancesAdvances which are designated as Index Rate Loans (and for all other Obligations not otherwise set forth below), the Index Rate plus the Applicable Revolver Index Margin per annum or, with respect to Revolving Credit Advances which are designated as LIBOR Loans, at the election of Borrower, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum, based on the aggregate Revolving Credit Advances outstanding from time to time; (ii) with respect to the Term Loan, the Index Rate plus the Applicable Term Loan Index Margin per annum; and (iiiii) with respect to the Swing Line Loan, the Index Rate plus the Applicable Revolver Index Margin per annum. The Applicable Margins are as follows: Applicable Revolver Index Margin 1.501.00% Applicable Revolver LIBOR Margin 2.75% Applicable Term Loan Index Margin 5.252.00% Applicable L/C Margin 2.75% Applicable Unused Line Fee Margin 0.352.00%

Appears in 1 contract

Samples: Credit Agreement (RathGibson Inc)

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