Common use of Interest on Swing Loans Clause in Contracts

Interest on Swing Loans. Subject to Section 1.10, each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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 on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 5 contracts

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.)

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Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate U.S. Base Rate plus the Applicable Margin for U.S. Base Rate Loans under the Revolving Credit 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 applicable Borrower on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 4 contracts

Samples: Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate U.S. Base Rate plus the Applicable Margin for U.S. Base Rate Loans under the Revolving Credit 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 U.S. Borrower on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 3 contracts

Samples: Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit Facility as from time to time in effect eight percent (8%) (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 monthly in arrears on the last day of its Interest Period each calendar month in each year (commencing on the first such date occurring after the date hereof) and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Samples: Petition Credit Agreement (Pilgrims Pride Corp), Pilgrims Pride Corp

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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, 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (National Credit & Guaranty CORP), Credit Agreement (Kimball Hill, Inc.)

Interest on Swing Loans. Subject to Section 1.10, each 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 Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit Facility as from time to time in effect or (ii) the Administrative Agent's Quoted Rate (each 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 prior to such maturity on the last day of its each Interest Period and at maturity (whether by acceleration or otherwise)applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Applicable Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit Facility as from time to time in effect (computed on the basis of a year of 365 or 366 360 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable prior to such maturity on the last day of its each Interest Period and at maturity (whether by acceleration or otherwiseapplicable thereto, and, unless each Lender funds its participation in a Swing Loan pursuant to Section 1.14(e), interest shall be payable solely for the account of Agent.

Appears in 1 contract

Samples: Security Agreement (Synalloy Corp)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Applicable Margin plus the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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 the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (International Assets Holding Corp)

Interest on Swing Loans. Subject to Section 1.10, each 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 Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit Facility as from time to time in effect (computed on the basis of a year of 365 or 366 360 days, as the case may be, for the actual number of days elapsed) or (ii) the Administrative Agent’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable prior to such maturity on the last day of its each Interest Period and at maturity (whether by acceleration or otherwise)applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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, 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrowers (on the last day of its a several basis and not a joint or joint and several basis) on each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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 the last day of its each ​ ​ Interest Period 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. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate RateDaily Simple SOFR plus the Applicable Margin for Base BaseDaily Simple SOFR Rate Loans under the Revolving Credit 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 the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (CTO Realty Growth, Inc.)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate Applicable Margin plus the Applicable Margin for Base Federal Funds Rate Loans under the Revolving Credit 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 the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (FCStone Group, Inc.)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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, 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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 prior to such maturity on the last day of its each Interest Period and at maturity (whether by acceleration or otherwise)applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Globe Specialty Metals Inc)

Interest on Swing Loans. Subject to Section 1.10, each 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 Alternate Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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, 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable ) or (ii) the Quoted Rate (computed on the last day basis of its Interest Period and at maturity (whether by acceleration or otherwise).a year of 360 days for the actual number of days

Appears in 1 contract

Samples: Credit Agreement (Student Transportation Inc.)

Interest on Swing Loans. Subject to Section 1.10, each Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Alternate Applicable Margin plus the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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, 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (StoneX Group Inc.)

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