Common use of Interest on Swing Line Loans Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Ch Energy Group Inc), Credit Agreement (Central Hudson Gas & Electric Corp), Credit Agreement (Ch Energy Group Inc)

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Interest on Swing Line Loans. The unpaid outstanding 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 Base Rate applicable theretoin effect from time to time plus the Applicable Margin.

Appears in 1 contract

Samples: Purchase Option Agreement (Preferred Apartment Communities Inc)

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