Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum: (a) If such Revolving Credit Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement. (b) If such Revolving Credit Loan is a LIBOR Rate Loan, for the period commencing with the Drawdown Date thereof and ending on the last day of each Interest Period therefor, at a rate per annum equal to the LIBOR Rate for such Interest Period plus the Applicable Margin, payable in arrears on each Interest Payment Date for such LIBOR Rate Loan. (c) If such Revolving Credit Loan is an IBOR Rate Loan, for the period commencing with the Drawdown Date thereof and ending on the last day of each Interest Period therefor, at a rate per annum equal to the IBOR Rate for such Interest Period plus the Applicable Margin, payable in arrears on each Interest Payment Date for such IBOR Rate Loan.
Appears in 2 contracts
Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:5.11,
(a) If such Each Revolving Credit Loan which is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Prime Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Prime Rate for such Interest Period plus PLUS the Applicable Margin, payable Margin with respect to Prime Rate Loans as in arrears on each Interest Payment Date for such LIBOR Rate Loaneffect from time to time.
(cb) If such Each Revolving Credit Loan which is an IBOR a Eurodollar Rate Loan, Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, 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 period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a rate per annum equal to, at the Borrower's option (i) the Prime Rate PLUS the Applicable Margin with respect to Prime Rate Loans in effect from time to time, and (ii) the IBOR Fixed Rate, which interest shall be paid on each Interest Payment Date for Swing Line Loans for the account of the Swing Line Lender. Interest periods for Swing Line Loans which are also Fixed Rate Loans shall be for a period of ten (10) days or less. The Borrower shall give the Swing Line Lender notice no later than 1:00 p.m. on the last day of the Interest Period that is a Fixed Rate Loan of its intention to repay such Swing Line Loan or to refund such Swing Line Loan with a Revolving Credit Loan which is not a Swing Line Loan in accordance with Section 2.9. In the event that the Borrower fails to give such notice, such Swing Line Loan shall, on the last day of such Interest Period plus the Applicable Margin, payable cease to be a Fixed Rate Loan. The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date for such IBOR Rate Loanwith respect thereto.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:5.11,
(a) If such Each Revolving Credit Loan which is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Base Rate for such Interest Period plus the Applicable Margin, payable Margin with respect to Base Rate Loans as in arrears on each Interest Payment Date for such LIBOR Rate Loaneffect from time to time.
(cb) If such Each Revolving Credit Loan which is an IBOR a Eurodollar Rate Loan, Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the IBOR Eurodollar Rate determined for such Interest Period plus the Applicable MarginMargin with respect to Eurodollar Rate Loans as in effect from time to time.
(c) Each Swing Line Loan shall bear interest from the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a rate per annum equal to, payable at the Borrower's option (i) the Base Rate plus the Applicable Margin with respect to Base Rate Loans in effect from time to time, and (ii) the Fixed Rate, which interest shall be paid on each Interest Payment Date for Swing Line Loans for the account of the Swing Line Lender. Interest periods for Swing Line Loans which are also Fixed Rate Loans shall be for a period of ten (10) days or less. The Borrower shall give the Swing Line Lender notice no later than 1:00 p.m. on the last day of the Interest Period that is a Fixed Rate Loan of its intention to repay such Swing Line Loan or to refund such Swing Line Loan with a Revolving Credit Loan which is not a Swing Line Loan in accordance with Section 2.9. In the event that the Borrower fails to give such notice, such Swing Line Loan shall, on the last day of such Interest Period cease to be a Fixed Rate Loan. The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date for such IBOR Rate Loanwith respect thereto.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc)
Interest on Revolving Credit Loans. Except (a) Each Revolving Credit Loan shall bear interest at the Base Rate unless timely notice is given (as otherwise provided in Section 5.10, 2:2-5) that the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic subject Revolving Credit Loan made by each Lender (or a portion thereof) is, or is to the Domestic Borrowersbe converted to, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:
(a) If such Revolving Credit Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR a LIBOR Advantage Rate Loan in accordance with the provisions of this AgreementLoan.
(b) If such Each Revolving Credit Loan is which consists of a LIBOR Rate Loan, for the period commencing with the Drawdown Date thereof and ending Loan shall bear interest on the last day of each outstanding principal amount during the Interest Period therefor, applicable thereto at a rate per annum equal to the sum of the LIBOR Lending Rate for such Interest Period plus the Applicable Margin, payable in arrears on each Interest Payment Date for such LIBOR Rate Loan.
(c) If such Each Revolving Credit Loan is an IBOR which consists of a LIBOR Advantage Rate Loan, for the period commencing with the Drawdown Date thereof and ending Loan shall bear interest on the last day of each outstanding principal amount during the LIBOR Advantage Interest Period therefor, applicable thereto at a rate per annum equal to the IBOR sum of the LIBOR Advantage Rate for such LIBOR Advantage Interest Period plus the Applicable Margin.
(d) Subject to, payable and in accordance with, the provisions of this Agreement, the Lead Borrower may cause all or a part of the unpaid principal balance of the Loan Account to bear interest at the Base Rate, the LIBOR Advantage Rate or the LIBOR Rate as specified from time to time by the Lead Borrower by notice to the Lender.
(e) For ease of reference and administration, each part of the Loan Account which bears interest at the same rate of interest and for the same Interest Period is referred to herein as if it were a separate "Revolving Credit Loan".
(f) The Borrowers shall pay accrued and unpaid interest on each Revolving Credit Loan in arrears on each as follows:
(i) On the applicable Interest Payment Date for such IBOR Rate that Revolving Credit Loan.
(ii) On the Termination Date and on the End Date.
(iii) Following the occurrence of any Event of Default, with such frequency as may be determined by the Lender.
(g) Following the occurrence of any Event of Default (and whether or not the Lender exercises the Lender's rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Lender at rate which is the aggregate of the rate applicable to Base Rate Loans plus Three Percent (3.0%) per annum.
Appears in 1 contract
Samples: Loan Agreement (Lojack Corp)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:5.11,
(a) If such Each Revolving Credit Loan which is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Prime Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Prime Rate for such Interest Period plus the Applicable Margin, payable Margin with respect to Prime Rate Loans as in arrears on each Interest Payment Date for such LIBOR Rate Loaneffect from time to time.
(cb) If such Each Revolving Credit Loan which is an IBOR a Eurodollar Rate Loan, Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the IBOR Eurodollar Rate determined for such Interest Period plus the Applicable MarginMargin with respect to Eurodollar Rate Loans as in effect from time to time.
(c) Each Swing Line Loan shall bear interest from the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a rate per annum equal to, payable at the Borrower's option (i) the Prime Rate plus the Applicable Margin with respect to Prime Rate Loans in effect from time to time, and (ii) the Fixed Rate, which interest shall be paid on each Interest Payment Date for Swing Line Loans for the account of the Swing Line Lender. Interest periods for Swing Line Loans which are also Fixed Rate Loans shall be for a period of ten (10) days or less. The Borrower shall give the Swing Line Lender notice no later than 1:00 p.m. on the last day of the Interest Period that is a Fixed Rate Loan of its intention to repay such Swing Line Loan or to refund such Swing Line Loan with a Revolving Credit Loan which is not a Swing Line Loan in accordance with Section 2.9. In the event that the Borrower fails to give such notice, such Swing Line Loan shall, on the last day of such Interest Period cease to be a Fixed Rate Loan. The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date for such IBOR Rate Loanwith respect thereto.
Appears in 1 contract
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:---------------------------------- (S)
(a) If such Each US Revolving Credit Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR 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 a rate per annum equal to (i) the Base Rate plus the Applicable Margin with respect to Base Rate Loans as in ---- effect from time to time or (ii) the Eurocurrency Rate determined for such Interest Period plus the Applicable Margin with respect to Eurocurrency ---- Rate Loans as in effect from time to time.
(b) The rate of interest which shall be payable by the US Borrower on any portion of the principal of any US Revolving Credit Loans extended to the US Borrower denominated in an Optional Currency for the time period outstanding during each Interest Period therefor, relating thereto shall be at a rate per annum equal to the LIBOR Eurocurrency Rate determined for such Interest Period plus the Applicable Margin, payable Margin ---- with respect to Eurocurrency Rate Loans as in arrears on each Interest Payment Date for such LIBOR Rate Loaneffect from time to time.
(c) If such Each Australian Revolving Credit Loan is an IBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a rate per annum equal to (i) the IBOR BBSW Rate determined for such Interest Period plus the Applicable Margin, payable ---- Margin with respect to BBSW Rate Loans as in arrears effect from time to time and (ii) the Australian Base Rate determined for such Interest Period plus the ---- Applicable Margin with respect to Australian Base Rate Loans as in effect from time to time.
(d) Each Mexican Revolving Credit 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 a rate per annum equal to (i) the Base Rate plus the Applicable Margin with respect to Base Rate ---- Loans as in effect from time to time or (ii) the Eurocurrency Rate determined for such Interest Period plus the Applicable Margin with respect ---- to Eurocurrency Rate Loans as in effect from time to time.
(e) The applicable Borrower promises to pay interest on the Outstanding amount of its Revolving Credit Loans on each Interest Payment Date for such IBOR Rate Loanwith respect thereto.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:§5.11,
(a) If such Each Revolving Credit Loan which is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate of one half of one percent (½%) per annum equal above the Base Rate and, in addition, to the LIBOR Rate for such Interest Period plus extent any Overadvance Amount is outstanding, that portion of the Applicable Margin, payable in arrears on each Interest Payment Date for such LIBOR Rate Loan.
(c) If such Revolving Credit Loan is Loans which are Base Rate Loans and which constitute an IBOR Rate Loan, Overadvance Amount shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate of one and one half percent (1 ½%) per annum equal to above the IBOR Base Rate.
(b) Each Revolving Credit Loan which is a LIBOR 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 of two and one half percent (2 ½%) per annum above the LIBOR Rate determined for such Interest Period plus and, in addition, to the Applicable Marginextent any Overadvance Amount is outstanding, payable that portion of the Revolving Credit Loans which are LIBOR Rate Loans and which constitute an Overadvance Amount 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 of three and one half percent (3 ½%) per annum above the LIBOR Rate determined for such Interest Period. The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date for such IBOR Rate Loanwith respect thereto.
Appears in 1 contract
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each 6.10,
(a) Each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:
(a) If such Revolving Credit Loan that is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto and thereafter during each subsequent Interest Period with respect thereto at a an annual rate per annum equal to the LIBOR sum of (i) the Base Rate for such Interest Period plus (ii) the Applicable MarginMargin with respect to Revolving Credit Loans which are Base Rate Loans, payable as in arrears on each Interest Payment Date for effect from time to time while such LIBOR Base Rate LoanLoan is Outstanding.
(cb) If such Each Domestic Revolving Credit Loan that is an IBOR a Eurodollar Rate Loan, Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto and thereafter during each subsequent Interest Period at a an annual rate per annum equal to the IBOR sum of (i) the Eurodollar Rate plus (ii) the Applicable Margin with respect to Revolving Credit Loans which are Eurodollar Rate Loans, as in effect from time to time while such Eurodollar Rate Loan is Outstanding.
(c) Each Canadian Loan that is a Canadian Prime Rate Loan shall bear interest for such the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto and thereafter during each subsequent Interest Period at an annual rate equal to the sum of (i) the Canadian Prime Rate plus (ii) the Applicable MarginMargin with respect to Revolving Credit Loans which are Canadian Prime Rate Loans, payable as in effect from time to time while such Canadian Prime Rate Loan is Outstanding.
(d) Each Canadian Loan that is a Canadian Cost of Funds 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 and thereafter during each subsequent Interest Period at an annual rate equal to the sum of (i) the Canadian Cost of Funds Rate plus (ii) the Applicable Margin with respect to Revolving Credit Loans which are Canadian Cost of Funds Loans, as in effect from time to time while such Canadian Cost of Funds Loan is Outstanding.
(e) The Domestic Borrowers jointly and severally promise to pay interest on each Domestic Revolving Credit Loan in arrears on each Interest Payment Date for such IBOR Rate Loanwith respect thereto. The Canadian Borrower promises to pay interest on each Canadian Loan in arrears on each Interest Payment Date with respect thereto.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:5.11,
(a) If such Revolving Credit Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Each Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Rate for such Interest Period plus the Applicable Margin, payable in arrears on each Interest Payment Date for such LIBOR Rate LoanBase Rate.
(cb) If such Each Revolving Credit Loan which is an IBOR a Eurocurrency Rate Loan, Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the IBOR Eurocurrency Rate determined for such Interest Period plus the Applicable MarginMargin with respect to Eurocurrency Rate Loans as in effect from time to time.
(c) Each Eurocurrency Competitive Bid 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 Eurocurrency Rate for the Interest Period in effect for such Borrowing, payable plus the Margin offered by the Lender making such Competitive Bid Loan and accepted by the Borrower pursuant to Section 2.4.
(d) Each Fixed Rate Loan shall bear interest for the period commencing on the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto at a fixed rate per annum (computed on the basis of the actual number of days elapsed over a year of 360 days) equal to the fixed rate of interest offered by the Lender making such Competitive Bid Loan and accepted by the Borrower pursuant to Section 2.4 hereof.
(e) Each Swingline Loan shall bear interest for the period commencing on 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 rate of interest offered by the Swingline Lender making such Swingline Loan and accepted by the Borrower pursuant to Section 2.5 hereof. The Borrower promises to pay interest on each Revolving Credit Loan, Competitive Bid Loan and Swingline Loan in arrears on each Interest Payment Date for with respect thereto. Interest on the Revolving Credit Loans calculated by reference to the Base Rate as well as interest on the Swingline Loans shall be payable in Dollars, interest on the Revolving Credit Loans calculated by reference to the Eurocurrency Rate and which are denominated in Dollars shall be payable in Dollars, and interest on the Revolving Credit A Loans calculated by reference to the Eurocurrency Rate and which are denominated in an Optional Currency shall be payable in such IBOR Rate LoanOptional Currency so designated.
Appears in 1 contract
Samples: Revolving Credit Agreement (Lexmark International Inc /Ky/)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:ss.4.11,
(a) If such Each Revolving Credit Loan which is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Base Rate for such Interest Period plus the Applicable Margin, payable Margin with respect to Base Rate Loans as in arrears on each Interest Payment Date for such LIBOR Rate Loaneffect from time to time.
(cb) If such Each Revolving Credit Loan which is an IBOR a Eurocurrency Rate Loan, Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the IBOR Eurocurrency Rate determined for such Interest Period plus the Applicable Margin, payable Margin with respect to Eurocurrency Rate Loans as in effect from time to time.
(c) Each Revolving Credit Loan which is a Euro 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 Euro Base Rate plus the greater of (i) one percent (1%) and (ii) the Applicable Margin with respect to Euro Base Rate Loans as in effect from time to time. Each Borrower promises to pay interest on each Revolving Credit Loan made to it (and the Domestic Borrower promises to pay interest on all the Revolving Credit Loans) in arrears on each Interest Payment Date for such IBOR with respect thereto. Interest on the Revolving Credit Loans calculated by reference to the Base Rate Loanshall be payable in Dollars, interest on the Revolving Credit Loans calculated by reference to the Eurocurrency Rate and which are denominated in Dollars shall be payable in Dollars, and interest on the Revolving Credit Loans calculated by reference to the Eurocurrency Rate and which are denominated in Euros shall be payable in Euros.
Appears in 1 contract
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:5.11,
(a) If such Revolving Credit Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Each Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Base Rate for such Interest Period plus the Applicable Margin, payable in arrears on each Interest Payment Date Margin with respect to Base Rate Loans for such LIBOR Rate Loan.
(c) If such Revolving Credit Loan is an IBOR as in effect from time to time, provided, to the extent any Investor Guaranty Reduction Event shall have occurred, on the date of such occurrence, the Applicable Margin applicable to the Revolving Credit B Loans shall be increased to the same amount as the Applicable Margin for Revolving Credit A Loans which are Base Rate Loan, Loans.
(b) Each Eurocurrency Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the IBOR Eurodollar Rate determined for such Interest Period plus the Applicable MarginMargin with respect to Eurocurrency Rate Loans for such Revolving Credit Loan as in effect from time to time, payable provided, to the extent any Investor Guaranty Reduction Event shall have occurred, on the date of such occurrence, the Applicable Margin applicable to the Revolving Credit B Loans shall be increased to the same amount as the Applicable Margin for Revolving Credit A Loans which are Eurocurrency Rate Loans.
(c) Each Borrower promises to pay interest on each Revolving Credit Loan requested by such Borrower in arrears on each Interest Payment Date with respect thereto.
(d) Each Borrower shall be permitted to pay, and each Revolving Credit B Bank shall be permitted to receive, any regularly scheduled payment of interest on the Subdebt Funding Loans so long as at the time of such payment, or after giving effect thereto, no Event of Default has occurred and is continuing pursuant to Section 13.1(a) or (b) of the Credit Agreement as it relates to the Revolving Credit A Loans or the Term Loans. To the extent any Revolving Credit B Bank receives any such payment of interest on the Subdebt Funding Loans while an Event of Default pursuant to Section 13.1(a) or (b) of the Credit Agreement as it relates to the Revolving Credit A Loans or the Term Loans has occurred and is continuing, each such Revolving Credit B Bank will hold in trust and immediately pay over to the Agent, in the same form of payment received, for such IBOR Rate Loanapplication to the Loans in the manner 19 -19- provided in Section 13.5, any amount that the Borrowers pay to the Revolving Credit B Banks on account of the Subdebt Funding Loans.
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Samples: Revolving Credit and Term Loan Agreement (Holmes Group Inc)
Interest on Revolving Credit Loans. Except as otherwise provided in Section 5.10, the Domestic Borrowers shall pay interest on the unpaid principal amount of each Domestic Revolving Credit Loan made by each Lender to the Domestic Borrowers, and the Foreign Borrowers shall pay interest on the unpaid principal amount of each Foreign Revolving Credit Loan made by each Lender to the Foreign Borrowers, in the Currency of such Revolving Credit Loan, from the date of such Revolving Credit Loan until such principal amount shall be paid in full, at the following rates per annum:ss.5.11,
(a) If such Revolving Credit Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate plus the Applicable Margin, payable quarterly in arrears on the first Quarterly Date after the Drawdown Date of such Each Base Rate Loan and on each Quarterly Date thereafter, without notice or demand, so long as such Base Rate Loan remains outstanding or until such Base Rate Loan is converted to a LIBOR Rate Loan or IBOR Rate Loan in accordance with the provisions of this Agreement.
(b) If such Revolving Credit Loan is a LIBOR Rate Loan, shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the LIBOR Base Rate for such Interest Period plus the Applicable Margin, payable in arrears on each Interest Payment Date Margin with respect to Base Rate Loans for such LIBOR Rate Loan.
(c) If such Revolving Credit Loan is an IBOR as in effect from time to time, provided, to the extent any Investor Guaranty Reduction Event shall have occurred, on the date of such occurrence, the Applicable Margin applicable to the Revolving Credit B Loans shall be increased to the same amount as the Applicable Margin for Revolving Credit A Loans which are Base Rate Loan, Loans.
(b) Each Eurocurrency Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of each the Interest Period therefor, with respect thereto at a the rate per annum equal to the IBOR Eurocurrency Rate determined for such Interest Period plus the Applicable MarginMargin with respect to Eurocurrency Rate Loans for such Revolving Credit Loan as in effect from time to time, payable provided, to the extent any Investor Guaranty Reduction Event shall have occurred, on the date of such occurrence, the Applicable Margin applicable to the Revolving Credit B Loans shall be increased to the same amount as the Applicable Margin for Revolving Credit A Loans which are Eurocurrency Rate Loans.
(c) Each Borrower promises to pay interest on each Revolving Credit Loan requested by such Borrower in arrears on each Interest Payment Date with respect thereto.
(d) Each Borrower shall be permitted to pay, and each Revolving Credit B Bank shall be permitted to receive, any regularly scheduled payment of interest on the Subdebt Funding Loans so long as at the time of such payment, or after giving effect thereto, no Event of Default has occurred and is continuing pursuant to ss.13.1(a) or (b) of the Credit Agreement as it relates to the Revolving Credit A Loans or the Term Loans. To the extent any Revolving Credit B Bank receives any such payment of interest on the Subdebt Funding Loans while an Event of Default pursuant to ss.13.1(a) or (b) of the Credit Agreement as it relates to the Revolving Credit A Loans or the Term Loans has occurred and is continuing, each such Revolving Credit B Bank will hold in trust and immediately pay over to the Agent, in the same form of payment received, for such IBOR Rate Loanapplication to the Loans in the manner provided in ss.13.5, any amount that the Borrowers pay to the Revolving Credit B Banks on account of the Subdebt Funding Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Holmes Group Inc)