Interest on the Revolving Credit Loans Sample Clauses

Interest on the Revolving Credit Loans. The principal amount of the Revolving Credit Loans outstanding from time to time shall bear interest until maturity of the Revolving Credit Notes at a rate per annum equal to the Prime Rate plus the Applicable Margin, except that at the option of the Borrowers, exercised as provided in Section 2.2.9, interest may accrue prior to maturity on any Permissible Increment of any Advance or on any Permissible Increment of the outstanding balance of the Revolving Credit Loans as to which no Optional Rate has previously been elected, at an Optional Rate for a period of one, two, three, or six months. At the expiration of such Optional Rate on such Permissible Increment, unless, in each case, the Borrowers exercise the Optional Rate as provided in Section 2.2.9, interest shall again accrue at the Prime Rate plus the Applicable Margin. After maturity, whether by acceleration or otherwise, or during the continuance of any Event of Default, and until cure or payment in full, the Revolving Credit Loans shall bear interest at Two Percent (2%) per annum above the rate otherwise then in effect. Accrued interest to the first day of each January, April, July and October shall be due and payable on each such day prior to maturity for all Loans bearing interest at the Prime Rate plus Applicable Margin. For all Loans bearing interest at LIBOR plus Applicable Margin which have an initial maturity of three (3) months or longer, all interest accrued to the first day of each January, April, July and October shall be due and payable on each such day, with the balance of accrued interest payable upon the termination of the LIBOR Interest Period. Interest shall be due and payable at maturity for all Loans bearing interest at LIBOR plus the Applicable Margin which have a maturity of less than three (3) months. After maturity, interest shall be payable on all Loans as accrued and without demand.
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Interest on the Revolving Credit Loans. (a) The Company shall pay interest on the Revolving Credit Loans to the Lenders monthly in arrears on the first (1st) day of each calendar month immediately succeeding the month for which such interest accrues, commencing with the first (1st) day of the calendar month following the calendar month in which the Closing Date occurs. In all cases accrued interest on all of the Revolving Credit Loans shall be payable by the Company to the Lenders on the Commitment Termination Date. Interest that accrues at the Default Rate shall be payable upon demand by the Lenders. If any interest on any of the Revolving Credit Loans accrues or remains payable after the Commitment Termination Date, such interest shall be payable by the Company upon demand by the Lenders. (i) Except as provided in paragraphs (c) below, the Company shall be obligated to pay interest to the Lenders on the outstanding principal balance of each Revolving Credit Loan from the date such Revolving Credit Loan is made until such Revolving Credit Loan is repaid in full. (ii) Subject to Section 2.03(e), interest on all Revolving Credit Loans held by NationsCredit, or any Lender to whom NationsCredit has assigned its Note or any portion thereof in accordance with the terms of Section 10.06, outstanding during any month shall accrue at a floating rate per annum equal, at the Company's option, to one of: (i) the Index Rate plus three and one-quarter percentage points (3.25%), (ii) Adjusted LIBOR plus three and one-quarter percentage points (3.25%), or (iii) the Prime Rate plus one-half of a percentage point (0.50%). (iii) Subject to 2.03(e), interest on all Revolving Credit Loans held by AmSouth Bank, or any other Lender to whom AmSouth Bank has assigned its Note or any portion thereof in accordance with the terms of Section 10.06, outstanding during any month shall accrue at a floating rate per annum equal, at the Company's option, to one of: (A) the Index Rate, (B) the Adjusted LIBOR, or (C) the Prime Rate, in each case ((A),(B), and (C)) plus the Applicable Margin. (iv) On the Closing Date, continuing through the last day of the calendar month in which the Closing Date occurs and thereafter unless the Company shall have selected another rate or shall be deemed to have selected another rate as provided below, the Revolving Credit Loans shall bear interest based on the Prime Rate. Thereafter, provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms and con...
Sample 1
Interest on the Revolving Credit Loans. The Company shall pay interest on the Revolving Credit Loans to the Lenders monthly in arrears on the first (1st) day of each calendar month immediately succeeding the month for which such interest accrues, commencing with the first (1st) day of the calendar month following the calendar month in which the Closing Date occurs. In all cases accrued interest on all of the Revolving Credit Loans shall be payable by the Company to the Lenders on the Commitment Termination Date. Interest that accrues at the Default Rate shall be payable upon demand by the Lenders. If any interest on any of the Revolving Credit Loans accrues or remains payable after the Commitment Termination Date, such interest shall be payable by the Company upon demand by the Lenders.
Sample 1
Interest on the Revolving Credit Loans. (a) The Company shall pay interest on the Revolving Credit Loans to the Lenders monthly in arrears on the first day of each calendar month immediately succeeding the month for which such interest accrues, commencing with the first day of the calendar month following the calendar month in which the Closing Date occurs. In all cases accrued interest on all of the Revolving Credit Loans shall be payable by the Company to the Lenders on the Commitment Termination Date. Interest at the Default Rate shall be payable upon demand by the Lenders. If any interest on any of the Revolving Credit Loans accrues or remains payable after the Commitment Termination Date, such interest shall be payable by the Company upon demand by the Lenders. (b) The Company shall be obligated to pay interest to the Lenders on the outstanding principal balance of each Revolving Credit Loan from the date such Revolving Credit Loan is made until such Revolving Credit Loan is repaid in full. Subject to Section 9.02(b), interest on all Revolving Loans outstanding during any month shall accrue at a floating rate per annum equal to the Index Rate PLUS 3.75%. (c) Each determination by the Agent of the interest rate hereunder shall be conclusive and binding for all purposes, absent clear and convincing evidence to the contrary.
Sample 1
Interest on the Revolving Credit Loans. The unpaid principal amount of the Revolving Credit Loans shall bear interest (i) from and after June 28, 1993 through June 30, 1994 at an annual rate equal to the Base Rate plus 1/4%; (ii) from and after July 1, 1994 through April 30, 1995 at an annual rate equal to the Base Rate plus 3/4%; (iii) from and after May 1, 1995 until June 22, 1995 at an annual rate equal to the Base Rate plus 1%; (iv) from and after June 23, 1995 through December 12, 1995 at an annual rate equal to the Base Rate plus 2%; (v) from and after December 13, 1995 through February 28, 1996 at an annual rate equal to the Base Rate plus 1.5%; (vi) from and after February 29, 1996 through June 14, 1996 at an annual rate equal to the Base Rate plus 1.75%; (vii) from and after June 15, 1996 through July 14, 1996 at an annual rate equal to the Base Rate plus 2.5%; (viii) from and after July 15, 1996 through October 14, 1996, at an annual rate equal to the Base Rate plus 3%; and (ix) from and after October 15, 1996 at an annual rate equal to the Base Rate plus 3.5% (all interest rates remain
Sample 1
Interest on the Revolving Credit Loans. Subject to the terms and conditions of this Note, the aggregate outstanding principal balance of the Revolving Credit Loans shall be bear interest for each day at a fluctuating rate per annum equal to the Prime Rate (as hereinafter defined).
Sample 1
Interest on the Revolving Credit Loans. The Borrower shall have the option of selecting one of the three following rates of interest for each Revolving Credit Loan. The Borrower must select either an interest rate tied to the Prime Rate (Option A below), or tied to the LIBOR rate (Option B below), or at the Offered Rate (Option C below), in writing to the Lender at least three business days prior to a request by Borrower for a Revolving Credit Loan hereunder:
Sample 1
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Interest on the Revolving Credit Loans. The Revolving Credit Loans shall bear interest at the interest rates, and such interest shall be payable, as set forth in Exhibit B.
Sample 1
Interest on the Revolving Credit Loans 
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Related to Interest on the Revolving Credit Loans

  • Interest on Revolving Credit Loans (a) Each Revolving Credit Loan shall bear interest at the Base Margin Rate unless timely notice is given (as provided in Section 2.5) that the subject Revolving Credit Loan (or a portion thereof) is, or is to be converted to, a LIBOR Loan. (b) Each Revolving Credit Loan which consists of a LIBOR Loan shall bear interest at the applicable LIBOR Rate. (c) Subject to, and in accordance with, the provisions of this Agreement, the Lead Borrower may cause all or a part of the unpaid principal balance of the Loan Account to bear interest at the Base Margin Rate or the LIBOR Rate as specified from time to time by the Lead Borrower by notice to the Administrative Agent. (d) For ease of reference and administration, each part of the Loan Account which bears interest at the same rate of interest and for the same Interest Period is referred to herein as if it were a separate "Revolving Credit Loan". (e) The Lead Borrower shall not select, renew, or convert any interest rate for a Revolving Credit Loan such that, in addition to interest at the Base Margin Rate, there are more than seven (7) Interest Periods for LIBOR Loans in the aggregate for all Borrowers applicable to the Revolving Credit Loans at any one time. (f) The Borrowers shall pay accrued and unpaid interest on each Revolving Credit Loan to its Borrower in arrears as follows: (i) On the applicable Interest Payment Date for that Revolving Credit Loan. (ii) On the Termination Date and on the End Date. (iii) Following the occurrence of any Event of Default, with such frequency as may be determined by the Administrative Agent. (g) Following the occurrence of any Event of Default (and whether or not any Agent exercises its rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Administrative Agent or at the instruction of the SuperMajority Lenders, at a rate which is the aggregate of the applicable rate (including the Applicable Margin) for Base Margin Loans and/or LIBOR Loans, as applicable, plus two percent (2%) per annum.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Revolving Loans The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin and (ii) during such periods as such Revolving Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin.

  • Interest on Swingline Loans Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

  • The Revolving Credit Loans Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any such Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • The Revolving Credit Advances Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect of any Revolving Credit Advance denominated in a Major Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing), not to exceed at any time outstanding such Lender's Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount (based in respect of any Competitive Bid Advance denominated in a Foreign Currency on the Equivalent in Dollars at such time) of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit Borrowing shall be in an aggregate amount not less than $10,000,000 (or the Equivalent thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) or an integral multiple of $1,000,000 (or the Equivalent thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments; provided, however, that if there is no unused portion of the Commitment of one or more Lenders at the time of any requested Revolving Credit Borrowing such Borrowing shall consist of Revolving Credit Advances of the same Type made on the same day by the Lender or Lenders who do then have an unused portion of their Commitments ratably according to the unused portion of such Commitments. Notwithstanding anything herein to the contrary, no Revolving Credit Borrowing may be made in a Major Currency if, after giving effect to the making of such Revolving Credit Borrowing, the Equivalent in Dollars of the aggregate amount of outstanding Revolving Credit Advances denominated in Major Currencies, together with the Equivalent in Dollars of the aggregate amount of outstanding Competitive Bid Advances denominated in Foreign Currencies, would exceed $500,000,000. Within the limits of each Lender's Commitment, any Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

  • Making Revolving Credit Loans The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent].

  • 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 Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit 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).

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

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