Common use of Interest on Competitive Loans Clause in Contracts

Interest on Competitive Loans. Subject to the provisions of Section 3.1, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 16 contracts

Samples: 364 Day Revolving Credit Agreement (Nucor Corp), Multi Year Revolving Credit Agreement (Nucor Corp), 364 Day Revolving Credit Agreement (Nucor Corp)

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Interest on Competitive Loans. Subject to the provisions of Section 3.12.6, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 14 contracts

Samples: Credit Agreement (Hyatt Hotels Corp), Credit Agreement (Hyatt Hotels Corp), Credit Agreement (Hyatt Hotels Corp)

Interest on Competitive Loans. Subject to the provisions of Section 3.12.4, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 2 contracts

Samples: Credit Agreement (Sonoco Products Co), Credit Agreement (Sonoco Products Co)

Interest on Competitive Loans. Subject to the provisions of Section 3.1----------------------------- 3. 01, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Jp Foodservice Inc), Credit Agreement (Jp Foodservice Inc)

Interest on Competitive Loans. Subject to the provisions of Section 3.1, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.applicable

Appears in 1 contract

Samples: Credit Agreement (Promus Hotel Corp)

Interest on Competitive Loans. Subject to the provisions of Section ----------------------------- 3.1, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Jp Foodservice Inc)

Interest on Competitive Loans. Subject to the provisions of Section 3.12.07, Competitive Loans shall bear interest in each case at the Competitive Bid Loan Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Stewart Enterprises Inc)

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Interest on Competitive Loans. Subject to the provisions of ----------------------------- Section 3.1, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Highwoods Realty LTD Partnership)

Interest on Competitive Loans. Subject to the ----------------------------- provisions of Section 3.12.9, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest on Competitive Loans shall be payable in arrears on each Interest Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Graybar Electric Co Inc)

Interest on Competitive Loans. Subject to the provisions of Section 3.1, Competitive Loans shall bear interest in each case at the Competitive Bid Rate applicable thereto. Interest Xxxx hereby promises to pay interest on Competitive Loans shall be payable in arrears on each Interest Payment DateDate (or at such other times as may be specified herein).

Appears in 1 contract

Samples: Credit Agreement (Hunt Corp)

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