Common use of Interest Rates and Payment Dates Clause in Contracts

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 10 contracts

Samples: 364 Day Credit Agreement (L 3 Communications Corp), 364 Day Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp)

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Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day Interest Period plus the Applicable MarginMargin in effect for such day. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and and/or any such overdue interest, commitment fee interest or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection 3.4 plus 2% or (y) in the case of any such overdue interest, commitment fee interest or other amount, the rate described in paragraph (b) of this subsection 3.4 plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee interest or other amount is paid in full (as well after as before judgment). (d) Interest pursuant to this subsection 3.4 shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection 3.4 shall be payable from time to time on demand.

Appears in 7 contracts

Samples: Term Loan Credit Agreement (Boston Scientific Corp), Term Loan Credit Agreement (Boston Scientific Corp), Term Loan Credit Agreement (Boston Scientific Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto thereto, payable in arrears on each Interest Payment Date, at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest for each day, payable in arrears on each Interest Payment Date, at a rate per annum equal to the Base Rate ABR in effect on such day plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue principal, interest, commitment fee or other amount shall bear interest at a rate per annum which is (xA) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (yB) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 6 contracts

Samples: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum Finance Corp), Credit Agreement (Sprint Spectrum Finance Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection Section plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 5 contracts

Samples: Credit Agreement (Armor Holdings Inc), Credit Agreement (Unidigital Inc), Credit Agreement (Monarch Machine Tool Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable MarginMargin therefor. (b) Each Base Rate ABR Loan shall bear interest for each day from the applicable Borrowing Date at a rate per annum equal to the Base Rate ABR plus the Applicable MarginMargin therefor. (c) Each Swingline Loan shall bear interest for each day from the applicable Borrowing Date at the applicable rate provided in Section 2.19. (d) If all or a portion of (i) any the principal amount of any Loan, Swingline Loan or reimbursement obligation in respect of any LC Disbursement, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interestamount shall, commitment fee or other amount shall to the extent permitted by applicable law, bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be applicable thereto to ABR Loans pursuant to the foregoing provisions of this subsection Section 2.8(b) plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until to (but excluding) the date on which such overdue principal, interest, commitment fee or other amount is paid in full (after as well after as before judgment). (de) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cd) of this subsection Section shall be payable from time to time on demanddemand and on the Termination Date.

Appears in 5 contracts

Samples: Credit Agreement (Southern California Edison Co), Credit Agreement (Southern California Edison Co), Credit Agreement

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) Each Competitive Loan shall bear interest in accordance with the applicable Competitive Bid Rate. (i) If all or a portion of (i) any the principal amount of any LoanLoan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%, and (ii) if all or a portion of any interest payable thereon, (iii) on any commitment Loan or any facility fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be then applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR Loans plus 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment)full. (de) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cd) of this subsection Section shall be payable from time to time on demand.

Appears in 5 contracts

Samples: Credit Agreement (Keyspan Corp), Credit Agreement (Keyspan Corp), Credit Agreement (Keyspan Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.9 plus 2% and (ii) if all or a portion of (x) any interest payable on any Loan, or (y) in any other amount payable hereunder or under any other Loan Document shall not be paid when due (whether at the case of any stated maturity, by acceleration or otherwise), such overdue interest, commitment fee or other amount, amount shall bear interest at a rate per annum equal to the rate described in paragraph (b) of this subsection then applicable to ABR Loans under the relevant Term Facility plus 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.9(c) of this subsection shall be payable from time to time on demand.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Navios Maritime Midstream Partners LP), Credit Agreement

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If all or a portion of the principal amount of any Loan shall not be paid when due (iwhether at the stated maturity, by acceleration or otherwise), all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 2% and (ii) if all or a portion of any principal of interest payable on any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be then applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR Loans plus 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection Section 2.9 shall be payable from time to time on demand.

Appears in 4 contracts

Samples: Term Loan Agreement (Eddie Bauer Holdings, Inc.), Term Loan Agreement (Eddie Bauer Holdings, Inc.), Term Loan Agreement (Eddie Bauer Holdings, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 4 contracts

Samples: Credit Agreement (L 3 Communications Corp), Credit Agreement (Southern California Microwave Inc), Credit Agreement (L 3 Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder the Loans shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a default rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 2% and (ii) if all or (y) in the case a portion of any interest payable on the Loans or any other fee payable in connection herewith (excluding any expenses or other indemnity) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue interest, commitment fee or other amount, amount shall bear interest at a default rate per annum equal to the rate described in paragraph (b) of this subsection then applicable to ABR Loans plus 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this subsection shall be payable from time to time on demand. (e) The amount of each interest payment received by the Administrative Agent under the applicable Senior Bond shall be deemed to be a payment of interest payable by the Borrower hereunder and shall reduce, dollar-for-dollar, the amount of interest then owing by the Borrower hereunder.

Appears in 3 contracts

Samples: Credit Agreement (PACIFIC GAS & ELECTRIC Co), Credit Agreement (PACIFIC GAS & ELECTRIC Co), Term Loan Credit Agreement (PG&E Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined with respect to such Loan for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the such overdue Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 3 contracts

Samples: Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) ), to the extent permitted by applicable law, in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) for the applicable Facility (or, if there is no applicable Facility, for the Revolving Credit Facility) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 3 contracts

Samples: Credit Agreement (General Chemical Group Inc), Credit Agreement (General Chemical Group Inc), Credit Agreement (Gentek Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion Upon the occurrence and during the continuance of an Event of Default under subsection 8(a), (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the all outstanding Loans and any such overdue interest, commitment fee or other amount amounts hereunder shall bear interest at a rate per annum which is (xA) in the case of principaloverdue principal of any Loan, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection 2.12 plus 2% or (yB) in the case of overdue Reimbursement Obligations, interest, commitment fees or other amounts, the rate applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such overdue interest, commitment fee or other amountamounts that do not relate to a particular Facility, the rate described in paragraph (b) of this subsection applicable to ABR Loans under the Revolving Credit Facility plus 2%), in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (after judgment as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection 2.12 shall be payable from time to time on demand.

Appears in 3 contracts

Samples: Credit Agreement (Lin Tv Corp.), Credit Agreement (Lin Tv Corp.), Credit Agreement (Lin Television Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) Each Money Market Loan shall bear interest at a rate per annum equal to the Money Market Rate applicable thereto plus the Applicable Margin. (d) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.4 plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (bSection 2.4(b) of this subsection plus 2%, in each case from the date of such non-payment until to the date on which such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (de) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that (i) interest accruing pursuant to paragraph (cSection 2.4(d) of this subsection shall be payable from time to time on demand, and (ii) in the event of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment.

Appears in 2 contracts

Samples: Credit Agreement (Kimco Realty Corp), Credit Agreement (Kimco Realty Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable MarginMargin in effect on such day. (b) Each Base Rate ABR Loan shall bear interest for each day at a rate per annum equal to the Base Rate ABR in effect on such day plus the Applicable MarginMargin in effect on such date. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described ABR plus the Applicable Margin in paragraph (b) of this subsection effect on such date plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this subsection shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Meridian Resource Corp), Credit Agreement (Meridian Resource Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable MarginABR. (c) If all or a portion of (i) any principal of any Revolving Credit Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Revolving Credit Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Brown Tom Inc /De), Credit Agreement (Brown Tom Inc /De)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.13(b) plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (bSection 2.13(b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.13(c) of this subsection shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Swisher International Group Inc), Credit Agreement (Swisher International Group Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for the first day of such day plus Interest Period (subject to daily adjustments, if any, required by changes in the Eurocurrency Reserve Requirements) PLUS the Applicable Margin. (b) Each Alternate Base Rate Loan shall bear interest at a rate per annum equal to the Alternate Base Rate plus PLUS the Applicable Margin. (c) If all In the event an Event of Default under SECTION 7.1(a) or (e) has occurred and is continuing, the Loans shall bear interest at a portion rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% from the date of occurrence of such Event of Default until the date such Event of Default is cured or waived (i) any principal of any Loanafter as well as before judgment). In addition, (ii) should any interest payable thereon, (iii) on such Loans or any commitment fee or (iv) any other amount (other than principal) payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest (to the extent permitted by law in the case of interest on interest) at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (bSECTION 2.12(b) of this subsection plus 2%, in each case case, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (after as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, provided Date; PROVIDED that interest accruing pursuant to paragraph (cSECTION 2.12(c) of this subsection shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Aavid Thermal Technologies Inc), Credit Agreement (Aavid Thermal Technologies Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined with respect to such Loan for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the such overdue Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable MarginMargin in effect on such day. (b) Each Base Rate ABR Loan shall bear interest for each day such Loan is outstanding at a rate per annum equal to the Base Rate ABR in effect on such day plus the Applicable MarginMargin in effect on such day. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR plus the effective Applicable Margin plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this subsection shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Westport Finance Co), Credit Agreement (Westport Resources Corp /Nv/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (ba) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If an Event of Default under Section 8(a) or Section 8(f) shall have occurred and be continuing or upon the request of the Required Lenders if any other Event of Default shall have occurred and be continuing, the principal amount of all Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (ii) if all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) on any commitment fee Loan or (iv) any Commitment Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be then applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR Loans plus 2%, in each case as described in this clause (ii), from the date of such non-payment non‑payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (dc) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (cc)(ii) of this subsection Section shall be payable from time to time on demand.

Appears in 2 contracts

Samples: Credit Agreement (Aspen Insurance Holdings LTD), Credit Agreement (Aspen Insurance Holdings LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day Interest Period plus the Applicable Margin. Margin in effect for such day. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and and/or any such overdue interest, commitment fee interest or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection 3.4 plus 2% or (y) in the case of any such overdue interest, commitment fee interest or other amount, the rate described in paragraph (b) of this subsection 3.4 plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee interest or other amount is paid in full (as well after as before judgment). . (d) Interest pursuant to this subsection 3.4 shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection 3.4 shall be payable from time to time on demand. 3.5.

Appears in 1 contract

Samples: Bridge Credit Agreement (Boston Scientific Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate Loan ABR Loans shall bear interest for the period from and including the date thereof until maturity thereof on the unpaid principal amount thereof at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, of the Loans or (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall, without limiting the principal rights of the Loans and any such overdue interestLenders under Section 9, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, 2% above the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or fees and other amountamounts, 2% above the rate described in paragraph (b) of this subsection plus 2%subsection, in each case from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demanddemand by the Administrative Agent made at the request of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Citadel Broadcasting Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee fee, or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which that is (x) in the case of the overdue principal, the prevailing rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection 2.8(c) plus 2% %, or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (bsubsection 2.8(b) of this subsection plus 2%, in each case from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (csubsection 2.8(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the then Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the then Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand. (e) Notwithstanding anything to the contrary contained herein, in no event shall the Borrower be obligated to pay interest in excess of the maximum amount which is chargeable under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Reebok International LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of the overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection 2.10 plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Term Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), (x) at the option of the Administrative Agent or the Required Lenders and upon notice to the Borrower, each Eurodollar Loan shall convert to a Base Rate Loan and shall not, during such time as such amounts remain unpaid, be convertible into a Eurodollar Loan, and (y) the principal of the all overdue Term Loans and any such overdue interest, commitment fee interest or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto to the Term Loans pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 25%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee interest or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Global Signal Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable MarginMargin with respect thereto. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable MarginMargin with respect thereto. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Zhone Technologies Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Revolving Credit Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection Section plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided provided, that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on written demand.

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the then Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the then Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand. (e) Notwithstanding anything to the contrary contained herein, in no event shall a Borrower be obligated to pay interest in excess of the maximum amount which is chargeable under applicable law.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Reebok International LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (ci) If all or a portion of (i) any the principal of any Loan, (ii) amount or any interest payable thereon, (iii) on any Loan or Reimbursement Obligation or any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the all outstanding Loans and any such overdue interest, commitment fee Reimbursement Obligations (whether or other amount not overdue) shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate applicable to Term Loans that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection are Base Rate Loans plus 2%, in each case case, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest with respect to Loans shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided provided, that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder or under any other Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is 2% over the rate otherwise applicable thereto (x) or, in the case of principal(iii), the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in over the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%Base Rate), in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (before as well as after as before the applicable judgment, if any). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (United States Marine Repair Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (ba) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If an Event of Default under Section 8(a) or Section 8(f) shall have occurred and be continuing or upon the request of the Required Lenders if any other Event of Default shall have occurred and be continuing, the principal amount of all Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (ii) if all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) on any commitment fee Loan or (iv) any Commitment Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be then applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR Loans plus 2%, in each case as described in this clause (ii), from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (dc) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (cc)(ii) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Aspen Insurance Holdings LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment the Revolving Credit Commitment Fee, or any other fee or other amount, the rate described in paragraph (bSection 2.13(b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.13(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Swisher International Group Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the CIBC Alternate Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Digital Television Services of Kansas LLC)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Revolving Credit Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Revolving Credit Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cd) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Adams Outdoor Advertising LTD Partnership)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection Section plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate; provided, provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Denali Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) ), to the extent permitted by applicable law, in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) for the applicable Facility (or, if there is no applicable Facility, for the Revolving Credit Facility) of this subsection plus 2%, in each case from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Gentek Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the then Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the then Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection 4.9(c) plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand. (e) Notwithstanding anything to the contrary contained herein, in no event shall the Borrower be obligated to pay interest in excess of the maximum amount which is chargeable under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Sight Resource Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan -------------------------------- shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any the Loan, (ii) any interest payable thereon, thereon and (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans Loan and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee interest or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this -------- subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (V I Technologies Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin. The Applicable Margin applicable to Extended Loans shall be increased by .1250%. (c) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (d) of this Section 2.8 shall be payable from time to time on demand. (i) If all or a portion of (i) any the principal amount of any LoanLoan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.8 plus 1% and (ii) to the extent permitted under applicable law, if all or a portion of any interest payable thereon, (iii) on any commitment Loan or any fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be then applicable thereto pursuant to the foregoing provisions of this subsection ABR Loans plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 21%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Revolving Credit Agreement (Gannett Co Inc /De/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate Loan ABR Loans shall bear interest for the period from and including the date thereof until maturity thereof on the unpaid principal amount thereof at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, of the Loans or (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall, without limiting the principal rights of the Loans and any such overdue interestLenders under Section 9, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, 2% above the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, 2% above the rate described in paragraph (b) of this subsection plus 2%subsection, in each case from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Term Loan Agreement (Gulfstream Aerospace Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin2.50%. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin1.50%. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Core Mark International Inc)

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Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If all or a portion of (i) any the principal amount of any LoanBridge Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Bridge Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (ii) if all or a portion of any interest payable thereon, (iii) on any Bridge Loan or any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be then applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR Loans plus 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Xcel Energy Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Term Loan, (ii) any interest payable thereon, (iii) any commitment fee payable pursuant to Section 2.3 or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), (a) at the option of the Lender and upon notice to the Borrower, each Eurodollar Loan shall convert to a Base Rate Loan and shall not, during such time as such amounts remain unpaid, be convertible into a Eurodollar Loan, and (b) the principal of the all overdue Term Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto to the Term Loans pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 25%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Global Signal Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. Interest in respect of Eurodollar Loans shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principaloverdue principal (except as otherwise provided in clause (y) below), the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection Section 2.10 plus 2%, in each case from the date of such non-payment until to (but excluding) the date on which such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.10(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Kyndryl Holdings, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the CIBC Alternate Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case case, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).. 55 49 (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Hayes Wheels International Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar LIBOR Loan shall -------------------------------- bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar LIBOR Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (P&l Coal Holdings Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Acquisition Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), (x) at the option of the Administrative Agent or the Required Lenders and upon notice to the Borrower, each Eurodollar Loan shall convert to a Base Rate Loan and shall not, during such time as such amounts remain unpaid, be convertible into a Eurodollar Loan, and (y) the principal of the all overdue Acquisition Loans and any such overdue interest, commitment fee interest or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto to the Acquisition Loans pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 25%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee interest or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Acquisition Credit Agreement (Global Signal Inc)

Interest Rates and Payment Dates. (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin plus the Additional Margin. (b) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate Margin plus the Applicable Additional Margin. (c) If all or a portion of (i) any principal amount of any Loan, (ii) any interest payable thereon, or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal all amounts outstanding under this Agreement, whether on account of the Loans and any such overdue principal, interest, commitment fee fees or other amount otherwise shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee fees or other amount, the rate described in paragraph (ba) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.11 plus 2% or (y) in the case of any such overdue interest, commitment the Revolving Credit Commitment Fee, or any other fee or other amount, the rate described in paragraph (bSection 2.11(b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest on Revolving Credit Loans shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Swisher International Group Inc)

Interest Rates and Payment Dates. and Payment Dates (a) Each Eurodollar LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar LIBOR Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable MarginABR. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise, but taking into account any applicable grace period under subsection 8.1(a)), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus Two Percent (2% %) or (y) in the case of any such overdue interest, commitment fee fees or other amountamounts due and payable hereunder, the rate described in paragraph equal to the ABR plus Two Percent (b) of this subsection plus 2%), in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (after as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate; provided, provided however, that interest accruing pursuant to paragraph (csubsection 3.4(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Loan Agreement (Fine Host Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (ci) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder the Loans shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a default rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.11 plus 2% and (ii) if any interest payable on the Loans or any other fee payable in connection herewith (yexcluding any expenses or other indemnity) in shall not be paid when due (whether at the case of any stated maturity, by acceleration or otherwise), such overdue interest, commitment fee or other amount, amount shall bear interest at a default rate per annum equal to the rate described in paragraph (b) of this subsection then applicable to ABR Loans plus 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Term Loan Credit Agreement (PG&E Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Eurodollar LIBO Rate determined for such day plus (ii) the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to (i) the Base Rate ABR plus (ii) the Applicable MarginMargin minus (iii) one percent (1%). (c) During the continuance of an Event of Default all outstanding Revolving Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus two percent (2%). If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) on any Revolving Loan or any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant equal to the foregoing provisions of this subsection interest rate then applicable to the ABR Loans plus 2% or two percent (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case ) from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bunge LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, thereon or (iii) any commitment fee Commitment Fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.9 plus 2% per annum or (y) in the case of any such overdue interest, commitment fee Commitment Fee or other amount, equal to the rate described in paragraph (b) of this subsection then applicable to ABR Loans plus 2%% per annum, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well whether before or after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (DreamWorks Animation SKG, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan -------------------------------- shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to -------- paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (LFC Armored of Texas Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate Loan ABR Loans shall bear interest for the period from and including the date thereof until maturity thereof on the unpaid principal amount thereof at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If Upon the occurrence of an Event of Default under Section 9(f) or, at the election of the Required Lenders, if all or a portion of (i) any the principal amount of any Loan, of the Loans or (ii) any interest payable thereonthereon or any fees or other amounts, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any overdue amount under the principal Loan Documents shall (to the extent otherwise bearing interest hereunder), without limiting the rights of the Loans and any such overdue interestLenders under Article IX, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, 2% above the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% Section 4.7 or (y) in the case of any such overdue interest, commitment fee or fees and other amountamounts that otherwise bear interest hereunder, 2% above the rate described in paragraph (b) of this subsection plus 2%Section 4.7, in each case case, from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection Section 4.7 shall be payable from time to time on demanddemand by the Administrative Agent made at the request of the Required Lenders.

Appears in 1 contract

Samples: Abl Credit Agreement (Cumulus Media Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of the overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection 2.10 plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (National Education Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan -------------------------------- shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate ABR Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable MarginABR. (ci) If all or a portion of (i) any the principal amount of any LoanLoan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2%, and (ii) if all or a portion of any interest payable thereon, (iii) on any Loan or any ---- commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR Loans plus 2%, in each case case, with respect to clauses (i) and (ii) above, ---- from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.12(c) of this subsection shall be -------- payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (FLN Finance Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Tranche Rate Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Tranche Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate Loan ABR Loans shall bear interest for the period from and including the date thereof until maturity thereof on the unpaid principal amount thereof at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If Upon the occurrence of an Event of Default under Section 9(f) or, at the election of the Required Lenders, if all or a portion of (i) any the principal amount of any Loan, of the Loans or (ii) any interest payable thereonthereon or any fees or other amounts, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any overdue amount under the principal Loan Documents shall (to the extent otherwise bearing interest hereunder), without limiting the rights of the Loans and any such overdue interestLenders under Article IX, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, 2% above the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% Section 4.7 or (y) in the case of any such overdue interest, commitment fee or fees and other amountamounts that otherwise bear interest hereunder, 2% above the rate described in paragraph (b) of this subsection plus 2%Section 4.7, in each case case, from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, Date; provided that interest accruing pursuant to paragraph (c) of this subsection Section 4.7 shall be payable from time to time on demanddemand by the Administrative Agent made at the request of the Required Lenders.

Appears in 1 contract

Samples: Abl Credit Agreement (Cumulus Media Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Marginfor such Loan. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable MarginRate. (c) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, on any Loan or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (subject to applicable grace periods) (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is the lesser of (x) the interest rate applicable to such Loan (or in the case of principalclause (iii) above, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Base Rate) plus 2% or and (y) in the case of any such overdue interest, commitment fee or other amount, the highest interest rate described in paragraph (b) of this subsection plus 2%permitted by applicable law, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well whether after as or before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Scheduled Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that (i) interest accruing pursuant to paragraph (c) of this subsection SECTION 2.8 shall be payable from time to time on demanddemand and (ii) each prepayment of any Loan shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 25% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection Section plus 25%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate; provided, provided that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin.; PROVIDED that the interest rate for any Eurodollar Loan shall not be less than 13.0% (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.; PROVIDED that the interest rate for any Base Rate Loan shall not be less than 13.0% (ci) If all or a portion of (i) any the principal amount of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder Loan shall not be paid when due (whether at the stated maturitydue, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus Section PLUS 2% %, and (ii) if all or (y) in the case a portion of any such overdue interest, commitment interest payable on any Loan or any facility fee or other amountamount payable hereunder shall not be paid when due, such overdue amount shall bear interest at a rate per annum equal to the rate described in paragraph (b) of this subsection plus then applicable to Base Rate Loans PLUS 2%, in each case case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Demand Loan Agreement (Covad Communications Group Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. (b) Each Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection Section plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided PROVIDED that interest accruing pursuant to paragraph (c) of this subsection Section shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Corp/De/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest (i) if a Eurocurrency Loan, for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin. Margin and (bii) Each Base Rate Loan shall bear interest if an ABR Loan, at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (cb) If all or a portion of (i) any the principal amount of any Loan, Loan (ii) any interest payable thereon, thereon or (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection Section 2.6 plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (bSection 2.6(a)(ii) of this subsection plus 2%, in each case from the date of such non-payment until to the date on which such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (dc) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (cSection 2.6(b) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Loan Agreement (Kimco Realty Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable MarginMargin in effect on such day. (b) Each Base Rate ABR Loan shall bear interest for each day at a rate per annum equal to the Base Rate plus the Applicable MarginABR in effect on such day. (c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection ABR plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such LoanDate, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this subsection shall be payable from time to time on demand.

Appears in 1 contract

Samples: Credit Agreement (Belco Oil & Gas Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin. (b) Each Base Rate Loan ABR Loans shall bear interest for the period from and including the date thereof until maturity thereof on the unpaid principal amount thereof at a rate per annum equal to the Base Rate ABR plus the Applicable Margin. (c) If all or a portion of (i) any the principal amount of any Loan, of the Loans or (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall, without limiting the principal rights of the Loans and any such overdue interestLenders under Section 9, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, 2% above the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, 2% above the rate described in paragraph (b) of this subsection plus 2%for Revolving Credit Loans, in each case from the date of such non-payment nonpayment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable with respect to each Loan in arrears on each Interest Payment Date and on the Termination Date with respect to such Loan, provided Date; PROVIDED that interest accruing pursuant to paragraph (c) of this subsection shall be payable from time to time on demanddemand by the Administrative Agent made at the request of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Yankee Candle Co Inc)

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