Common use of Interest on Loan Clause in Contracts

Interest on Loan. (i) At the Company's election in accordance with the provisions of Paragraph 2.6(c) below, in the absence of an Event of Default or Default hereunder, and prior to maturity, any Portion of the Loan shall bear interest at any one of the following rates:

Appears in 2 contracts

Samples: Credit Agreement (Sunsource Inc), Credit Agreement (Sunsource Inc)

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Interest on Loan. (i) At the CompanyBorrower's election in accordance with the provisions of Paragraph 2.6(c2.6(b) below, in the absence of the existence and continuance of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan Loans shall bear interest at any one either of the following rates:

Appears in 2 contracts

Samples: Credit Agreement (Merkert American Corp), Credit Agreement (Marketing Specialists Corp)

Interest on Loan. (i) At the Company's Borrowers' election in accordance with the provisions of Paragraph 2.6(c) below, in the absence of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at any one either of the following rates:

Appears in 2 contracts

Samples: Credit Agreement (Centennial Healthcare Corp), Credit Agreement (Centennial Healthcare Corp)

Interest on Loan. (i) At the CompanyBorrower's election in accordance with the provisions of Paragraph 2.6(c) below, in the absence of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at any one either of the following rates:

Appears in 2 contracts

Samples: Credit Agreement (Home Health Corp of America Inc \Pa\), Credit Agreement (Nichols Research Corp /Al/)

Interest on Loan. (i) At the CompanyBorrower's election in accordance with the provisions of Paragraph 2.6(c2.6(b) below, in the absence of the existence and continuance of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at any one of either (A) the following rates:Adjusted Base Rate, or (B) the Adjusted Libor Rate.

Appears in 1 contract

Samples: Credit Agreement (Marketing Specialists Corp)

Interest on Loan. (i) At the CompanyBorrower's election in accordance with the provisions of Paragraph 2.6(c2.6(b) below, in the absence of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan Loans shall bear interest at any one either of the following rates:

Appears in 1 contract

Samples: Credit Agreement (Merkert American Corp)

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Interest on Loan. (i) At the Company's Borrowers' election in accordance with the provisions of Paragraph 2.6(c2.5(b) below, in the absence of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan (which shall not include the undrawn face amount of Letters of Credit, as to which the fees set forth in Paragraph 2A.4 shall be applicable) shall bear interest at any one either of the following rates:

Appears in 1 contract

Samples: Credit Agreement (Zany Brainy Inc)

Interest on Loan. (i) At the Company's Borrowers' election in accordance with the provisions of Paragraph 2.6(c2.5(c) below, in the absence of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at any one either of the following rates:

Appears in 1 contract

Samples: Credit Agreement (David Bridal Inc)

Interest on Loan. (i) At the Company's Borrowers' election in accordance with the provisions of Paragraph 2.6(c2.5(b) below, in the absence of an Event of Default or Default hereunder, hereunder and prior to maturitymaturity or judgment, and subject to clause (ii) below, any Portion of the Loan shall bear interest at any one either of the following rates:

Appears in 1 contract

Samples: Credit Agreement (Delias Inc)

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