Common use of Interest on Pro Rata Advances Clause in Contracts

Interest on Pro Rata Advances. Subject to Section 2.7(c), each Borrower shall pay interest on the unpaid principal amount of each Pro Rata Advance owing by such Borrower to each Appropriate Lender from the date of such Pro Rata Advance until such principal amount shall be paid in full, at the following rates per annum; provided, however, that clause (b) shall not apply to Term Advances:

Appears in 2 contracts

Samples: Credit Agreement (Altria Group Inc), Credit Agreement (Philip Morris International Inc.)

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Interest on Pro Rata Advances. Subject to Section 2.7(c2.8(c), each Borrower shall pay interest on the unpaid principal amount of each Pro Rata Advance owing by such Borrower to each Appropriate Lender from the date of such Pro Rata Advance until such principal amount shall be paid in full, at the following rates per annum; provided, however, that clause (b) shall not apply to Term Advances:

Appears in 2 contracts

Samples: Credit Agreement (Altria Group, Inc.), Credit Agreement (Philip Morris International Inc.)

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