Common use of Interest on Revolving Loans Clause in Contracts

Interest on Revolving Loans. (a Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half percent (1-1/2%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

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Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half of one percent (1-1/20.5%) calculated on the net balances owing to the Agent and the unpaid principal amount of Revolving Lenders Loans at the close of business each day during such the immediately preceding month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half percent (1-1/2%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, arrears on the first Business Day of each month, month at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half percent (1-1/21.5%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Postpetition Credit Agreement (Levitz Furniture Corp /Fl/)

Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half percent (1-1/21.0%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Hutchinson Products Corp)

Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of the Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, arrears on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half percent (1-1/2%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changesRate.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

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Interest on Revolving Loans. (a A) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS one and one-half of one percent (1-1/20.5%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS plus one and one-half three- quarters percent (1-1/21.75%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Florsheim Group Inc)

Interest on Revolving Loans. (a a) Interest on the unpaid principal amount of Revolving Loans which are Prime Rate Loans shall be payable monthly in arrears, on the first Business Day of each month, at an interest rate per annum equal to the Prime Lending Rate PLUS plus one and onethree-half quarters percent (1-1/21.75%) calculated on the net balances owing to the Agent and the Revolving Lenders at the close of business each day during such month. The rate hereunder shall change each day the Prime Lending Rate changes.

Appears in 1 contract

Samples: Credit Agreement (Florsheim Group Inc)

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