Interest on Swing Line Loans. Each Swing Line Loan shall, except as otherwise provided in §4.11 hereof, bear interest from the Drawdown Date thereof until repaid in full at the rate per annum equal to the Base Rate plus the Applicable Margin, which shall be paid on each Interest Payment Date for Base Rate Loans.
Interest on Swing Line Loans. The unpaid principal amount of each Swing Line Loan shall bear interest from the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum that shall be equal to the Quoted Rate applicable thereto.
Interest on Swing Line Loans. Each Swing Line Loan shall bear ---------------------------- interest from the Borrowing Date thereof until the Swing Line Loan Maturity Date thereof at the rate quoted by the Administrative Agent in its sole discretion (which shall not be greater than the then applicable Base Rate) at the time the request for such Swing Line Loan is made.
Interest on Swing Line Loans. Except as otherwise provided in Section 5.11 hereof, each Swing Line Loan shall bear interest for the period commencing on the Drawdown Date thereof and ending on the Swing Line Loan Maturity Date with respect thereto at the rate per annum quoted by the Swing Line Lender upon receipt of a Swing Line Loan Request (but which rate shall not exceed the Prime Rate in effect on the date of quotation). The Borrower promises to pay interest on each Swing Line Loan in arrears on the Swing Line Loan Maturity Date with respect thereto.
Interest on Swing Line Loans. The applicable Borrower shall pay interest on the unpaid principal amount of each Swing Line Loan, from the date such Swing Line Loan is made to the date such Swing Line Loan is paid in full, at a rate per annum equal to the Swing Line Rate from time to time in effect; provided that upon the request of any Swing Line Lender (or, if the Lenders have funded their participations in Swing Line Loans, the Required Lenders) at any time (and for so long as) an Event of Default exists, the interest rate applicable to each applicable Swing Line Loan shall be increased by 2% per annum.
Interest on Swing Line Loans. The Company shall pay interest on the unpaid principal amount of each Swing Line Loan, from the date such Swing Line Loan is made to the date such Swing Line Loan is paid in full, at a rate per annum equal to the Swing Line Rate from time to time in effect plus the Applicable Margin for Eurocurrency Loans; provided that (a) at any time that the Committed Lenders have funded their participations in Swing Line Loans, the interest rate applicable to Swing Line Loans shall not be less than the US Base Rate; and (b) upon the request of the Swing Line Lender (or, if the Committed Lenders have funded their participations in Swing Line Loans) at any time (and for so long as) an Event of Default exists, the interest rate applicable to each Swing Line Loan shall be increased by 2%.
Interest on Swing Line Loans. Each Swing Line Loan shall, except as otherwise provided in §4.11 hereof, bear interest from the Drawdown Date thereof until repaid in full at the rate per annum equal to the Money Market Rate, which shall be paid on each Interest Payment Date for Base Rate Loans. The Borrower may elect from time to time that a Swing Line Loan bear interest at a fixed rate for a period of one week or such other period of time as may be agreed to by the Administrative Agent (not to exceed ten (10) days), in which case, the interest rate on such Swing Line Loan shall be the fixed rate of interest quoted by the Administrative Agent for such Swing Line Loan for such Interest Period in accordance with clause (b) of the definition of “Money Market Rate” contained in §1.1 hereof. The Borrower shall give the Administrative Agent notice no later than 12:00 noon (New York time) on the last day of the Interest Period relating to a Swing Line Loan that is a Fixed Rate Loan of its intention to continue such Swing Line Loan as a Fixed Rate Loan; provided that, the aggregate Interest Period for any Swing Line Loan that is a Fixed Rate Loan may not exceed one week or such other period of time as may be agreed to by the Administrative Agent and shall not extend beyond the Swing Line Loan Maturity Date of such Swing Line Loan. 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.
Interest on Swing Line Loans. Subject to the provisions of clause (e) of this Section 2.4, in the event that the Swing Line Lender shall make any Swing Line Loan pursuant to this Section 2.4 the aggregate principal amount of Swing Line Loans outstanding from time to time shall bear interest at a rate per annum equal to the Applicable Swing Line Rate (based on a 360 day year and the actual number of days elapsed for the period during which such Swing Line Loan shall remain outstanding). No Swing Line Loan may be converted into a LIBOR Loan.
Interest on Swing Line Loans. Each Swing Line Loan shall, except as otherwise provided in ss.4.11 hereof, bear interest from the Drawdown Date thereof until repaid in full at the rate per annum equal to the Money Market Rate, which shall be paid on each Interest Payment Date for Base Rate Loans. The Borrower may elect from time to time that a Swing Line Loan bear interest at a fixed rate for a period of one week or such other period of time as may be agreed to by the Agent, in which case, the interest rate on such Swing Line Loan shall be the fixed rate of interest quoted by the Agent for such Swing Line Loan for such Interest Period. The Borrower shall give the Agent notice no later than 12:00 noon on the last day of the Interest Period relating to a Swing Line Loan that is a Fixed Rate Loan of its intention to continue such Swing Line Loan as a Fixed Rate Loan. 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.
Interest on Swing Line Loans. The outstanding amount of each Swing Line Loan shall bear interest from the Drawdown Date thereof until repaid in full at the rate per annum equal to the Base Rate from time to time in effect less one-half of one percent (0.50%), except as otherwise provided in Section 3.11, and shall be paid quarterly in arrears on the last day of each calendar quarter.
