Interest on Prime Rate Loans. Prime Rate Loans bear interest at the Prime Rate in effect from time to time, plus the Applicable Margin. The interest is payable monthly in arrears on the first day of the following month.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement
Interest on Prime Rate Loans. Prime Rate Loans bear interest at the Prime Rate in effect from time to time, plus the Applicable Margin0.25%. The interest is payable monthly in arrears on the first 26th day of the following each month.
Appears in 1 contract
Samples: Credit Agreement (Neurochem Inc)
Interest on Prime Rate Loans. Prime Rate Loans bear interest at the Prime Rate in effect from time to time, plus the Applicable Margin. The interest is payable monthly in arrears on the first day Business Day of the following month.
Appears in 1 contract
