Common use of Interest; Computation of Interest Clause in Contracts

Interest; Computation of Interest. (a) Each Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Interest Rate on Excess Reserves in effect on the day such Loan is made.

Appears in 7 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

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Interest; Computation of Interest. (a) Each Loan shall bear interest accruing on each day on the outstanding principal amount thereof at a rate per annum equal to the Interest Rate on Excess Reserves as in effect on the day such Loan is madeday.

Appears in 5 contracts

Samples: Credit Agreement, Amendment Agreement, Credit Agreement

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Interest; Computation of Interest. (a) Each Loan shall bear interest accruing on each day on the outstanding principal amount thereof at a rate per annum equal to the Interest Rate on Excess Reserves Rate in effect on the day such Loan is made.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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