Common use of Interest for Account of Swing Line Lender Clause in Contracts

Interest for Account of Swing Line Lender. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans. The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Loan or participation pursuant to this Section 2.03 to refinance such Lender’s Proportionate Share of any Swing Line Loan, interest in respect of such Proportionate Share shall be solely for the account of the Swing Line Lender. The Borrower shall pay accrued interest on the unpaid principal amount of each Swing Line Loan at the end of each month, upon prepayment (to the extent thereof) and at maturity.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Wild Oats Markets Inc)

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Interest for Account of Swing Line Lender. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans. The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Loan or participation pursuant to this Section 2.03 to refinance such Lender’s Revolving Proportionate Share of any Swing Line Loan, interest in respect of such Revolving Proportionate Share shall be solely for the account of the Swing Line Lender. The Borrower shall pay accrued interest on the unpaid principal amount of each Swing Line Loan at on the end last Business Day of each month, upon prepayment (to the extent thereof) fiscal quarter and at maturity.

Appears in 2 contracts

Samples: Credit Agreement (IPC the Hospitalist Company, Inc.), Credit Agreement (Valueclick Inc/Ca)

Interest for Account of Swing Line Lender. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loansminus one percent (1.00%). The Swing Line Lender shall be responsible for invoicing the Borrower Borrowers for interest on the Swing Line Loans. Until each Revolving Lender funds its Base Rate Loan or participation pursuant to this Section 2.03 2.04 to refinance such Revolving Lender’s Revolving Proportionate Share of any Swing Line Loan, interest in respect of such Revolving Proportionate Share shall be solely for the account of the Swing Line Lender. The Borrower Borrowers shall pay accrued interest on the unpaid principal amount of each Swing Line Loan at the end of each month, upon prepayment (to the extent thereof) and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

Interest for Account of Swing Line Lender. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum PER ANNUM equal to the Base Rate plus the Applicable Margin for Base Rate LoansMINUS one percent (1.00%). The Swing Line Lender shall be responsible for invoicing the Borrower Borrowers for interest on the Swing Line Loans. Until each Revolving Lender funds its Base Rate Loan or participation pursuant to this Section 2.03 SECTION 2.04 to refinance such Revolving Lender’s 's Revolving Proportionate Share of any Swing Line Loan, interest in respect of such Revolving Proportionate Share shall be solely for the account of the Swing Line Lender. The Borrower Borrowers shall pay accrued interest on the unpaid principal amount of each Swing Line Loan at the end of each month, upon prepayment (to the extent thereof) and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

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Interest for Account of Swing Line Lender. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate LoansSwing Line Rate. The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Loan or participation pursuant to this Section 2.03 to refinance such Lender’s Proportionate Share of any Swing Line Loan, interest in respect of such Proportionate Share shall be solely for the account of the Swing Line Lender. The Borrower shall pay accrued interest on the unpaid principal amount of each Swing Line Loan at on the end last day of each month, upon prepayment (to the extent thereof) calendar month and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Coldwater Creek Inc)

Interest for Account of Swing Line Lender. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans. The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Loan or participation pursuant to this Section 2.03 to refinance such Lender’s Revolving Proportionate Share of any Swing Line Loan, interest in respect of such Revolving Proportionate Share shall be solely for the account of the Swing Line Lender. The Borrower shall pay accrued interest on the unpaid principal amount of each Swing Line Loan at on the end last Business Day of each month, upon prepayment (to the extent thereof) Fiscal Quarter and at maturity.

Appears in 1 contract

Samples: Credit Agreement (Shuffle Master Inc)

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