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 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.

Appears in 2 contracts

Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc)

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Interest and Applicable Margins. (a) Borrower The Borrowers 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 Index following rates: (i) the Base Rate plus the Applicable Revolver Index Margin per annum orannum, or (ii) at the election of Borrowerthe Borrowers, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin per annum.

Appears in 2 contracts

Samples: Credit Agreement (Devcon International Corp), Credit Agreement (Devcon International Corp)

Interest and Applicable Margins. (a) Borrower Borrowers 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: with respect to the Revolving Credit Advances, the Index Rate plus the Applicable Revolver Index Margin 1.50% per annum or, at the election of BorrowerBorrower Representative, the applicable LIBOR Rate plus the Applicable Revolver LIBOR Margin 3.00% per annum, based on the aggregate Revolving Credit Advances outstanding from time to time."

Appears in 1 contract

Samples: Credit Agreement (Harvard Industries Inc)

Interest and Applicable Margins. (a) Borrower shall pay interest to Agent, for the ratable benefit of Lenders in accordance with the various Loans Revolving Credit Advances being made by each Lender, in arrears on each applicable Interest Payment Date, at 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.

Appears in 1 contract

Samples: Credit Agreement (Per Se Technologies 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 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 and Swing Line Loan outstanding from time to time; as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Western Digital Corp)

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