Common use of Interest on Swingline Loans Clause in Contracts

Interest on Swingline Loans. Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 days) equal to the Base Rate. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.

Appears in 7 contracts

Samples: Credit Agreement (Just for Feet Inc), Credit Agreement (Westpoint Stevens Inc), Credit Agreement (Navigant International Inc)

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Interest on Swingline Loans. (i) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) equal to the Domestic Base Rate. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.

Appears in 2 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

Interest on Swingline Loans. (i) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 360 days) equal to the Base Rate. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.to:

Appears in 2 contracts

Samples: Credit Agreement (Hunt Manufacturing Co), Credit Agreement (Hunt Corp)

Interest on Swingline Loans. Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 360 days) equal to the Quoted Rate unless the Borrower and the Swingline Lender cannot agree on the applicable Quoted Rate in which case such Swingline Loan shall bear interest at a per annum rate equal to the Adjusted Base Rate. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date the dates agreed upon by the Borrower and the Swingline Lender (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.

Appears in 2 contracts

Samples: Credit Agreement (Profit Recovery Group International Inc), Syndication Amendment and Assignment (Profit Recovery Group International Inc)

Interest on Swingline Loans. (i) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 360 days) equal to the Base Rate. Swingline Rate applicable from time to time. (ii) Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.

Appears in 2 contracts

Samples: Credit Agreement (Central Parking Corp), Credit Agreement (Central Parking Corp)

Interest on Swingline Loans. (i) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) equal to the Base Rate. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

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Interest on Swingline Loans. (1) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 360 days) equal to the Base Rate. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.to:

Appears in 1 contract

Samples: Credit Agreement (Hunt Corp)

Interest on Swingline Loans. (i) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 days) equal to the Base Quoted Rate. . (ii) Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date the dates agreed upon by the Borrower and the Swingline Lender (or at such other times as may be specified herein), unless accelerated sooner pursuant to Section 9.2.

Appears in 1 contract

Samples: Credit Agreement (Resortquest International Inc)

Interest on Swingline Loans. (i) Subject to the provisions of Section 3.1, each Swingline Loan shall bear interest at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) equal to the Domestic Base Rate. Interest on Swingline Loans shall be payable Rate plus the Applicable Domestic Base Rate Margin (subject to adjustment as and when set forth in arrears on each applicable Interest Payment Date (or at such other times as may be specified hereinSection 3.1(a), unless accelerated sooner pursuant to Section 9.2).

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

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