Common use of Interest on Revolving Credit Loans Clause in Contracts

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11, (a) Each 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. (b) Each 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. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Marcam Corp), Revolving Credit and Term Loan Agreement (Western Digital Corp)

AutoNDA by SimpleDocs

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss 5.10, (a) Each 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. (b) Each Eurodollar 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 per annum equal to the Eurodollar LIBOR Rate determined for such Interest Period plus the Applicable Margin. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answerthink Inc)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss.5.11, (a) Each Base Prime 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 Prime Rate plus the Applicable Margin. (b) Each Eurodollar 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 per annum equal to the Eurodollar LIBOR Rate determined for such Interest Period plus the Applicable Margin. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ionics Inc)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss.5.10, (a) Each 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. (b) Each Eurodollar 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 per annum equal to the Eurodollar LIBOR Rate determined for such Interest Period plus the Applicable Margin. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Appnet Systems Inc)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss.6.12, (a) Each 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 of the Base Rate plus the Applicable Margin. (b) Each 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 of the Eurodollar Rate determined for such Interest Period plus the Applicable Margin. (c) The Borrower promises Borrowers promise to pay interest on each the Revolving Credit Loan Loans, or any portion thereof outstanding during such Interest Period, in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Century Aluminum Co)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11Section 5.10, (a) Each 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. (b) Each Eurodollar 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 per annum equal to the Eurodollar LIBOR Rate determined for such Interest Period plus the Applicable Margin. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Helix Technology Corp)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11Section 5.10, (a) Each 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. (b) Each 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 Period, plus the Applicable Margin. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto. (d) The Agent agrees to notify the Borrower of any change in the Base Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Decisionone Holdings Corp)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss.5.11, (a) Each each 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 PLUS the Applicable Margin.; (b) Each each 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 PLUS the Applicable Margin.; and (c) The the Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect theretothereto and at maturity of such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stage Stores Inc)

AutoNDA by SimpleDocs

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11(S)5.11, (a) Each each 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. (b) Each 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. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss.6.9, (a) Each 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. (b) Each 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 plus the Applicable Margin determined for such Interest Period plus the Applicable MarginPeriod. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hvide Marine Inc)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11ss.4.11, (a) Each each 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 PLUS the Applicable Margin.; (b) Each each 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 PLUS the Applicable Margin.; and (c) The the Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect theretothereto and at maturity of such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stage Stores Inc)

Interest on Revolving Credit Loans. Except as otherwise provided in ss.6.11Section 6.10, (a) Each 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. (b) Each 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. (c) The Borrower promises to pay interest on each Revolving Credit Loan in arrears on each Interest Payment Date with respect thereto.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Western Digital Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!