Interest on Revolving Credit Loans. (a) Subject to the provisions of Section 2.9, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate minus 1% (the "Base Rate Option"). (b) Subject to the provisions of Section 2.9, each Eurodollar Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Loan plus .75% (the "Eurodollar Rate Option"). (c) Interest on each Revolving Credit Loan shall be payable on each Interest Payment Date applicable to such Loan; provided, that interest accruing on overdue amounts pursuant to Section 2.9 shall be payable on demand. The Agent's calculation of the Eurodollar Rate and the Base Rate shall be conclusive absent manifest error.
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Samples: Credit Agreement (Dover Downs Entertainment Inc), Credit Agreement (Dover Downs Entertainment Inc), Credit Agreement (Dover Downs Entertainment Inc)
Interest on Revolving Credit Loans. (a) Subject to the provisions of Section 2.92.7, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 360 days, as the case may be) at a rate per annum equal to the Base Rate minus 1% (the "Base Rate Option")Rate.
(b) Subject to the provisions of Section 2.92.7, each Eurodollar Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Loan plus .75% sixty-five (the "Eurodollar Rate Option"65) basis points (0.65%).
(c) Interest on each Revolving Credit Loan shall be payable on each Interest Payment Date applicable to such Revolving Credit Loan; providedprovided that, that interest accruing on overdue amounts pursuant to Section 2.9 2.7 shall be payable on demanddemand as provided in the Revolving Credit Notes. The Agent's calculation of the Eurodollar Rate and the Base Rate shall be determined by the Agent, and such determination shall be conclusive absent manifest error.
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Samples: Credit Agreement (Aqua America Inc)
Interest on Revolving Credit Loans. (a) Subject to the ---------------------------------- provisions of Section 2.9, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate minus 1% (the ----- "Base Rate Option").
(b) Subject to the provisions of Section 2.9, each Eurodollar Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Loan plus .751.25% (the ---- "Eurodollar Rate Option").
(c) Interest on each Revolving Credit Loan shall be payable on each Interest Payment Date applicable to such Loan; provided, that interest -------- accruing on overdue amounts pursuant to Section 2.9 shall be payable on demand. The Agent's calculation of the Eurodollar Rate and the Base Rate shall be conclusive absent manifest error.
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Interest on Revolving Credit Loans. (a) Subject to the provisions of Section 2.92.7, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 360 days, as the case may be) at a rate per annum equal to the Base Rate minus 1% (the "Base Rate Option")Rate.
(b) Subject to the provisions of Section 2.92.7, each Eurodollar Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Loan plus .75% seventy-five (the "Eurodollar Rate Option"75) basis points (0.75%).
(c) Interest on each Revolving Credit Loan shall be payable on each Interest Payment Date applicable to such Revolving Credit Loan; providedprovided that, that interest accruing on overdue amounts pursuant to Section 2.9 2.7 shall be payable on demanddemand as provided in the Revolving Credit Notes. The Agent's calculation of the Eurodollar Rate and the Base Rate shall be determined by the Agent, and such determination shall be conclusive absent manifest error.
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Samples: Credit Agreement (Aqua America Inc)
Interest on Revolving Credit Loans. (a) Subject to the provisions of Section 2.92.7, each Base Rate Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) at a rate per annum equal to the Base Rate minus 1% (the "Base Rate Option")Rate.
(b) Subject to the provisions of Section 2.92.7, each Eurodollar Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Loan plus .75% twenty two and one-half basis points (the "Eurodollar Rate Option".225%).
(c) Interest on each Revolving Credit Loan shall be payable on each Interest Payment Date applicable to such Revolving Credit Loan; providedprovided that, that interest accruing on overdue amounts pursuant to Section 2.9 2.7 shall be payable on demanddemand as provided in the Revolving Credit Notes. The Agent's calculation of the Eurodollar Rate and the Base Rate shall be determined by the Agent, and such determination shall be conclusive absent manifest error.
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