Common use of Interest on Swing Loans Clause in Contracts

Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Daily Simple SOFR plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR Loans under the Revolving Facility as from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

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Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Daily Simple SOFR Base Rate plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR Base Rate Loans under the U.S. Revolving Facility as from time to time in effect or (computed on ii) the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed)Quoted Rate. Interest on each Swing Loan shall be due and payable by prior to such maturity on the Borrower on last day of each Interest Payment Date and at maturity (whether by acceleration or otherwise)Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Emcor Group Inc)

Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Daily Simple SOFR Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR ABR Loans under the Revolving Facility as from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed)effect. Interest on each Swing Loan shall be due and payable by on the Borrower on last day of each Interest Payment Date and at maturity (whether by acceleration or otherwise)Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (WireCo WorldGroup Inc.)

Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Daily Simple Adjusted LIBORTerm SOFR plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR EurodollarSOFR Loans under the U.S. Revolving Facility as from time to time in effect or (computed on ii) the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed)Quoted Rate. Interest on each Swing Loan shall be due and payable by prior to such maturity on the Borrower on last day of each Interest Payment Date and at maturity (whether by acceleration or otherwise)Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (EMCOR Group, Inc.)

Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Daily Simple SOFR Adjusted LIBOR plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR Eurodollar Loans under the U.S. Revolving Facility as from time to time in effect or (computed on ii) the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed)Quoted Rate. Interest on each Swing Loan shall be due and payable by prior to such maturity on the Borrower on last day of each Interest Payment Date and at maturity (whether by acceleration or otherwise)Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (EMCOR Group, Inc.)

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Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Daily Simple SOFR Domestic Rate plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR Domestic Rate Loans under the U.S. Revolving Facility as from time to time in effect or (computed on ii) the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed)Quoted Rate. Interest on each Swing Loan shall be due and payable by prior to such maturity on the Borrower on last day of each Interest Payment Date and at maturity (whether by acceleration or otherwise)Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Emcor Group Inc)

Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Daily Simple Adjusted Term SOFR plus the Applicable Margin for Revolving Loans that are Daily Simple SOFR Loans under the U.S. Revolving Facility as from time to time in effect or (computed on ii) the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed)Quoted Rate. Interest on each Swing Loan shall be due and payable by prior to such maturity on the Borrower on last day of each Interest Payment Date and at maturity (whether by acceleration or otherwise)Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (EMCOR Group, Inc.)

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