Common use of Interest on Swingline Loans Clause in Contracts

Interest on Swingline Loans. (i) Subject to the provisions of subsection 2.9(e)(ii), 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 360 or 365/366 days, as appropriate in accordance with the provisions of subsection 2.10(a)) equal to the ABR plus the Applicable Margin for Base Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc)

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Interest on Swingline Loans. (i) Subject to the provisions of subsection 2.9(e)(iiSection 2.9(e), 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 360 or 365/366 days, as appropriate in accordance with the provisions of subsection 2.10(a)) equal to the ABR plus the Applicable Margin for Base Rate ABR Loans that are Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc)

Interest on Swingline Loans. (i) Subject to the provisions of subsection 2.9(e)(ii2.9(c)(ii), 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 360 or 365/366 days, as appropriate in accordance with the provisions of subsection 2.10(a)) equal to the ABR plus the Applicable Margin for Base Rate ABR Loans.

Appears in 1 contract

Samples: Credit Agreement (Hercules Inc)

Interest on Swingline Loans. (i) Subject to the provisions of subsection 2.9(e)(ii)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 360 365 or 365/366 366 days, as appropriate in accordance with the provisions of subsection 2.10(a)case may be) equal to the ABR Base Rate plus the Applicable Margin for Base Rate Loans.Margin. ---- (ii)

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

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Interest on Swingline Loans. (i) Subject to the provisions of subsection 2.9(e)(ii)Section 2.7, each Swingline Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (x) the rate per annum for Base Rate Loans from time to time in effect or (y) the Swingline Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed over a year of 360 or 365/366 days, as appropriate in accordance with the provisions of subsection 2.10(aelapsed)) equal to the ABR plus the Applicable Margin for Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Enova International, Inc.)

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