Interest on Prime Rate Loans. The unpaid principal amount of each Loan which is a Prime Rate Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a fluctuating rate per annum which shall at all times be equal to the Prime Rate in effect from time to time.
Appears in 2 contracts
Samples: Credit Agreement (Hawk Corp), Credit Agreement (Royal Appliance Manufacturing Co)
Interest on Prime Rate Loans. The unpaid principal amount of each General Revolving Loan which that is a Prime Rate Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a fluctuating rate per annum which shall at all times be equal to the Prime Rate in effect from time to timetime PLUS the Applicable Prime Rate Margin (as defined below).
Appears in 1 contract
Samples: Subordinated Credit Agreement (Value City Department Stores Inc /Oh)
Interest on Prime Rate Loans. The During any period in which a Loan is a Prime Rate Loan, the unpaid principal amount of each Loan which is a Prime Rate such Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a fluctuating rate per annum which shall at all times be equal to the Prime Rate in effect from time to time., PROVIDED that during the Construction Period for such Project an interest rate margin of 25 basis points shall be added to such Prime Rate, PROVIDED FURTHER that if (A) the New Capital Commitment Requirement is satisfied by April 20, 2000, (B) the New Capital Funding Requirement is
Appears in 1 contract
Samples: Master Construction Line of Credit Agreement (Alterra Healthcare Corp)
Interest on Prime Rate Loans. The During any period in which a Loan is a Prime Rate Loan, the unpaid principal amount of each Loan which is a Prime Rate such Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a fluctuating rate per annum which shall at all times be equal to the Prime Rate in effect from time to time.
Appears in 1 contract
Samples: Master Construction Line of Credit Agreement (Alterra Healthcare Corp)
Interest on Prime Rate Loans. The unpaid principal amount of each During such periods as a Loan which is a Prime Rate Loan Loan, it shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a fluctuating rate per annum which shall at all times be equal to the Prime Rate then in effect from time to timePLUS the Applicable Prime Rate Margin then in effect.
Appears in 1 contract
Samples: Credit Agreement (Royal Appliance Manufacturing Co)
