Interest on Revolving Credit Loans and Swing Line Loans Sample Clauses

Interest on Revolving Credit Loans and Swing Line Loans. Except as otherwise provided in SECTION 5.6, the outstanding principal amount of the Revolving Credit Loans shall bear interest at the rate per annum equal to (a) the Base Rate PLUS the Applicable Base Rate Margin on Base Rate Loans or (b) the Eurodollar Rate PLUS the Applicable Revolver Eurodollar Margin on Eurodollar Loans and the outstanding principal amount of the Swing Line Loans shall bear interest at the rate per annum equal to the Base Rate plus the Applicable Base Rate Margin. The Borrowers jointly and severally promise to pay interest on each Revolving Credit Loan and Swing Line Loan (i) quarterly in arrears on the first Business Day of each calendar quarter for the immediately preceding calendar quarter, commencing October 1, 1998, on Base Rate Loans, (ii) the last day of the applicable Interest Period, and if such Interest Period is longer than three (3) months, also on the day which is three (3) months after the commencement of such Interest Period, on Eurodollar Loans, and (iii) on the Revolving Credit Maturity Date for all Revolving Credit Loans and Swing Line Loans.
Interest on Revolving Credit Loans and Swing Line Loans. Except as otherwise provided in §5.10, (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at the rate per annum equal to the Base Rate plus the Applicable Margin with respect to Base Rate Loans as in effect from time to time; provided, however, in the event that the interest rate per annum applicable to Base Rate Loans is less than the Eurodollar Rate then applicable for an Interest Period of one month plus the Applicable Margin with respect to Eurodollar Rate Loans in effect at such time, each Revolving Credit Loan which is a Base Rate Loan shall bear interest at the rate per annum equal to the Eurodollar Rate then applicable for an Interest Period of one month plus the Applicable Margin with respect to Eurodollar Rate Loans in effect at such time. (b) Each Revolving Credit Loan which is a Eurodollar Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at the rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin with respect to Eurodollar Rate Loans as in effect from time to time. (c) Each Swing Line Loan shall bear interest from the applicable Drawdown Date thereof at the rate per annum equal to the Base Rate plus the Applicable Margin with respect to Base Rate Loans as in effect from time to time; provided, however, in the event that the interest rate per annum applicable to Swing Line Loans is less than the Eurodollar Rate then applicable for an Interest Period of one month plus the Applicable Margin with respect to Eurodollar Rate Loans in effect at such time, each Swing Line Loan shall bear interest at the rate per annum equal to the Eurodollar Rate then applicable for an Interest Period of one month plus the Applicable Margin with respect to Eurodollar Rate Loans in effect at such time. The Borrower promises to pay interest on each Revolving Credit Loan and each Swing Line Loan in arrears on each Interest Payment Date with respect thereto.
Interest on Revolving Credit Loans and Swing Line Loans quarterly in arrears on the first Business Day of each calendar quarter for the immediately preceding calendar quarter, commencing October 1, 2000, on Base Rate Loans, (ii) the last day of the applicable Interest Period, and if such Interest Period is longer than three (3) months, also on the day which is three (3) months and, if applicable, six (6) months and nine (9) months, after the commencement of such Interest Period, on Eurodollar Loans, and (iii) on the Revolving Credit Maturity Date for all Revolving Credit Loans and Swing Line Loans.
Interest on Revolving Credit Loans and Swing Line Loans. Except ------------------------------------------------------- as otherwise provided in (S)6.10, (a) Each Base Rate Loan (other than Base Rate Loans that constitute all or a portion of the Domestic Term Loan) shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at the Base Rate plus the Applicable Margin set forth in the column ---- headed "Base Rate Loans (other than Domestic Term Loan)".
Interest on Revolving Credit Loans and Swing Line Loans