Interest on Prime Rate Loans. Prime Rate Loans bear interest until they are converted or repaid in full (both before and after any Event of Default or judgment) at the Prime Rate in effect from time to time, plus the Applicable Margin. The interest is payable by the Borrower concerned monthly in arrears on the first Business Day of the following month.
Appears in 5 contracts
Samples: Credit Agreement (Cascades Inc), Credit Agreement, Credit Agreement (Cascades Inc)
Interest on Prime Rate Loans. Prime Rate Loans bear interest until they are converted or repaid in full (both before and after any Event of Default or judgment) at the Prime Rate in effect from time to time, plus the Applicable Margin. The interest is payable by the Borrower concerned monthly in arrears on the first Business Day of the following month.
Appears in 3 contracts
Samples: Credit Agreement (Cascades Boxboard Group Inc), Credit Agreement (Cascades Boxboard Group Inc), Credit Agreement (Cascades Inc)
Interest on Prime Rate Loans. Prime Rate Loans bear interest until they are converted or repaid in full (both before and after any Event of Default or judgment) at the Prime Rate in effect from time to time, plus the Applicable Margin. The Such interest is payable by the Borrower concerned monthly in arrears on the first Business Day of the following month.
Appears in 1 contract
