Common use of Interest on Term Loan B Clause in Contracts

Interest on Term Loan B. The Term Loan B will bear interest from disbursement until due (whether at stated maturity, by acceleration or otherwise) at a fluctuating rate equal to the Prime Rate plus one-quarter of one percent (0.25%) per annum. Interest will be payable monthly in arrears on the first day of each month, starting on August 1, 1999, and on the date the Term Loan B is paid in full.

Appears in 2 contracts

Samples: Credit Agreement (Spectrum Laboratories Inc /Ca), Credit Agreement (Spectrum Laboratories Inc /Ca)

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Interest on Term Loan B. The Term Loan B will bear interest from disbursement until due (whether at stated maturity, by acceleration or otherwise) at a fluctuating rate equal to the Prime Rate plus one-quarter of one percent (0.25%) per annum. Interest will be payable monthly in arrears on the first day of each month, starting on August 1, 19992000, and on the date the Term Loan B is paid in full.

Appears in 2 contracts

Samples: Credit Agreement (Spectrum Laboratories Inc /Ca), Credit Agreement (Spectrum Laboratories Inc /Ca)

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Interest on Term Loan B. The Term Loan B will bear interest from disbursement until due (whether at stated maturity, by acceleration or otherwise) at a fluctuating rate equal to the Prime Rate plus one-quarter of one percent (0.25%) per annum. Interest will be payable monthly in arrears on the first day of each month, starting on August 1, 1999February 1,1999, and on the date the Term Loan B is paid in full.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Laboratories Inc /Ca)

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