Interest Payments; Application Among Interest Rate Options. All prepayments pursuant to this Section 2.13 shall be accompanied by accrued and unpaid interest upon the principal amount of each such prepayment. Subject to Section 2.13(g), all prepayments required pursuant to this Section 2.13 shall first be applied to Base Rate Loans, then to LIBOR Rate Loans. In accordance with Section 3.5, the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against LIBOR Rate Loans on any day other than the last day of the applicable Interest Period.
Appears in 4 contracts
Samples: Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Otelco Inc.), Credit Agreement (Alaska Communications Systems Group Inc)
Interest Payments; Application Among Interest Rate Options. All prepayments pursuant to this Section 2.13 2.15 shall be accompanied by accrued and unpaid interest upon the principal amount of each such prepayment. Subject to Section 2.13(g2.15(g), all prepayments required pursuant to this Section 2.13 2.15 shall first be applied to Base Rate Loans, Loans and then to LIBOR Term SOFR Rate Loans. In accordance with Section 3.5, the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against LIBOR Term SOFR Rate Loans on any day other than the last day of the applicable Interest Period.
Appears in 2 contracts
Samples: Joinder, Consent, First Amendment and Reaffirmation Agreement (ATN International, Inc.), Credit Agreement (ATN International, Inc.)
Interest Payments; Application Among Interest Rate Options. All prepayments pursuant to this Section 2.13 2.12 shall be accompanied by accrued and unpaid interest upon the principal amount of each such prepayment. Subject to Section 2.13(g2.12(f), all prepayments required pursuant to this Section 2.13 2.12 shall first be applied to Base Rate Loans, Loans and then to LIBOR Term SOFR Rate Loans. In accordance with Section 3.5, the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against LIBOR Term SOFR Rate Loans on any day other than the last day of the applicable Interest Period.
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Interest Payments; Application Among Interest Rate Options. All prepayments pursuant to this Section 2.13 2.10 shall be accompanied by accrued and unpaid interest upon the principal amount of each such prepayment. Subject to Section 2.13(g2.10(b), all prepayments required pursuant to this Section 2.13 2.10 shall first be applied to Base Rate Loans, then to LIBOR Rate Loans. In accordance with Section 3.5, the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against LIBOR Rate Loans on any day other than the last day of the applicable Interest Period.
Appears in 1 contract
Samples: 364 Day Revolving Credit Agreement (Seaboard Corp /De/)
Interest Payments; Application Among Interest Rate Options. All prepayments pursuant to this Section 2.13 2.134 shall be accompanied by accrued and unpaid interest upon the principal amount of each such prepayment. Subject to Section 2.13(g2.14(f), all prepayments required pursuant to this Section 2.13 2.134 shall first be applied to Base Rate Loans, Loans and then to LIBOR Term SOFR Rate Loans. In accordance with Section 3.5, the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against LIBOR Term SOFR Rate Loans on any day other than the last day of the applicable Interest Period.
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Interest Payments; Application Among Interest Rate Options. All prepayments pursuant to this Section 2.13 shall be accompanied by accrued and unpaid interest upon the principal amount of each such prepayment. Subject to Section 2.13(g2.13(f), all prepayments required pursuant to this Section 2.13 shall first be applied to Base Rate Loans, Loans and then to LIBOR Term SOFR Rate Loans. In accordance with Section 3.5, the Borrower shall indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to any such prepayments applied against LIBOR Term SOFR Rate Loans on any day other than the last day of the applicable Interest Period.
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