Common use of Interest on Eurodollar Loans Clause in Contracts

Interest on Eurodollar Loans. The unpaid principal amount of each Eurodollar Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum which shall at all times be the Applicable Eurodollar Margin (as defined below) for such Eurodollar Loan PLUS the relevant Eurodollar Rate.

Appears in 3 contracts

Samples: Credit Agreement (Hawk Corp), Credit Agreement (Value City Department Stores Inc /Oh), Credit Agreement (Value City Department Stores Inc /Oh)

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Interest on Eurodollar Loans. The unpaid principal amount of each Loan which is a Eurodollar Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum which shall at all times be the Applicable Eurodollar Margin (as defined below) for such Eurodollar Loan PLUS the relevant Eurodollar Rate.

Appears in 1 contract

Samples: Credit Agreement (Royal Appliance Manufacturing Co)

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