Common use of Interest Rate and Payment Dates Clause in Contracts

Interest Rate and Payment Dates. (a) Prior to Maturity. Except as otherwise provided in Section 2.8(b), prior to maturity, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: ADVANCES RATE -------- --------- Each ABR Advance Alternate Base Rate. Each Eurodollar Advance Eurodollar Rate for the applicable Eurodollar Interest Period plus the Applicable Margin. Each Competitive Bid Loan Bid Rate applicable thereto for the applicable Competitive Interest Period.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Cleco Utility Group Inc)

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Interest Rate and Payment Dates. (a) PRIOR TO MATURITY. Prior to Maturity. Except as otherwise provided in Section 2.8(b), prior to maturity, the outstanding principal balance of the Loans shall bear interest on the outstanding unpaid principal balance amount thereof at the applicable interest rate or rates per annum set forth below: ADVANCES RATE -------- --------- ---- Each ABR Advance Alternate Base RateRate plus the Applicable Margin applicable to ABR Advances. Each Eurodollar Advance Eurodollar Rate for the applicable Eurodollar Interest Period plus the Applicable Margin. Each Competitive Bid Loan Bid Rate Margin applicable thereto for the applicable Competitive Interest Periodto Eurodollar Advances.

Appears in 1 contract

Samples: Credit Agreement (Arch Communications Group Inc)

Interest Rate and Payment Dates. (a) Prior to Maturity. Except as otherwise provided in Section 2.8(b), prior to maturity, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: ADVANCES RATE -------- --------- ---- Each ABR Advance Alternate Base Rate. Each Eurodollar Advance Eurodollar Rate for the applicable Eurodollar Interest Period plus the Applicable Margin. Each Competitive Bid Loan Bid Rate applicable thereto for the applicable Competitive Interest Period.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Cleco Utility Group Inc)

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Interest Rate and Payment Dates. (a) Prior to Maturity. Except as otherwise provided in Section 2.8(b2.7(b), ----------------- prior to maturitythe Maturity Date, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: ADVANCES RATE -------- --------- ---- Each ABR Advance Alternate Base RateRate plus the Ap plicable Margin applicable to ABR Advances. Each Eurodollar Advance Eurodollar Rate for the applicable Eurodollar Interest Period plus the Applicable Margin. Each Competitive Bid Loan Bid Rate Margin applicable thereto for the applicable Competitive Interest Periodto Eurodollar Advances.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Bet Holdings Inc)

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