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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (c) If all or a portion of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 12 contracts
Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, 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 therefor.
(b) Each ABR Loan shall bear interest for each day from the applicable Borrowing Date at a rate per annum equal to the ABR plus the Applicable MarginMargin therefor.
(c) If all or a portion of (i) the principal amount ofof any Loan or reimbursement obligation in respect of any LC Disbursement, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans pursuant to Section 2.8(b) plus 2%, in each case, % from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 8 contracts
Samples: Credit Agreement (Edison International), Credit Agreement (Southern California Edison Co), Credit Agreement (Edison International)
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 ABR Loan shall bear interest at a rate per annum equal to the ABR Federal Funds Rate plus the Applicable Margin.
(cb) Upon (i) the occurrence and continuance of any Event of Default specified in Section 7(e) with respect to a Borrower or (ii) notice given by the Administrative Agent or the Required Lenders to the Borrower of any other Event of Default, all Loans outstanding to such Borrower shall bear interest at a rate per annum which is the rate that would otherwise be applicable thereto pursuant to the provisions of Section 2.7(a), plus 2%. If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee Commitment Fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of Federal Funds Rate plus the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section Applicable Margin plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment)full. For the avoidance of doubt, the parties hereby agree that the maximum amount of interest payable on the principal amount of any Loan pursuant to this Section 2.7 shall not exceed the sum of the Federal Funds Rate plus the Applicable Margin plus 2%.
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to the second sentence of paragraph (cb) of this Section 2.7 shall be payable from time to time on demand.
Appears in 8 contracts
Samples: Credit Agreement (Columbia Funds Series Trust II), Credit Agreement (Columbia Funds Series Trust I), Credit Agreement (Columbia Funds Series Trust II)
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 ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin.
(c) If any Event of Default under Section 7(a) or 7(f) has occurred and is continuing, then, from the date of such Event of Default and for so long as such Event of Default is continuing, to the fullest extent permitted by law, all or a portion of amounts outstanding under this Agreement and the principal amount of, or any interest payable on, any other Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount Documents shall bear interest at a rate per annum equal to (xafter as well as before judgment), payable on demand, (i) in the case of the Loansprincipal, at the rate that would otherwise be applicable thereto to such Loan pursuant to the foregoing provisions of this Section 2.13 plus 22.00% or per annum and (yii) in all other cases, at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of any 360 days at all other amount, times) equal to the rate that would be applicable to ABR Revolving Credit Loans that are Base Rate Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment)2.00% per annum.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section above shall be payable from time to time on demand.
Appears in 7 contracts
Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, 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.
(b) Each ABR Loan shall bear interest at a fluctuating rate per annum equal to the ABR plus the Applicable MarginAlternate Base Rate.
(c) If Except as otherwise provided in subsection 4.4, if all or a portion of (i) the principal amount of, of any Loan or (ii) any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document thereon 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any other amountoverdue interest, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
(e) Subject to the limitations set forth herein, each Borrower may use the Loans by borrowing, prepaying and reborrowing the Loans, all in accordance with the terms and conditions hereof.
Appears in 4 contracts
Samples: Credit Agreement (Grace W R & Co /Ny/), 364 Day Credit Agreement (Wr Grace & Co/De), Credit Agreement (Wr Grace & Co/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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% per annum or (y) in the case of any overdue interest, commitment fee or other amount, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%% per annum, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 3 contracts
Samples: Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System 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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion Upon the occurrence and during the continuance of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwiseEvent of Default specified in subsection 9(a), such the Loans and any overdue amount amounts hereunder shall bear interest at a rate per annum equal to which is (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any overdue interest, commitment fee or other amount, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 3 contracts
Samples: Credit Agreement (International Wire Group Inc), Credit Agreement (Berg Electronics Corp /De/), Credit Agreement (International Wire 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount of, or any interest payable on, of any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, 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 on any Loan or other amount payable hereunder 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 then applicable to ABR Loans under the relevant Facility plus 2% or (y) or, in the case of any such other amountamounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Term B Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Samples: Term Loan Credit Agreement (TTM Technologies Inc), Term Loan Credit Agreement (TTM Technologies Inc), Term Loan Credit Agreement (TTM 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion Upon the occurrence and during the continuance of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or an Event of Default under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwisesubsection 8(a), such (i) all outstanding Loans and any overdue amount amounts hereunder shall bear interest at a rate per annum equal to which is (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.12 plus 2% or (yB) in the case of Reimbursement Obligations, overdue interest, commitment fee or other amount payable at a rate per annum equal to the rate applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amountamounts that do not relate to a particular Facility, the rate applicable to ABR Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after judgment as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.12 shall be payable from time to time on demand.
Appears in 3 contracts
Samples: Credit Agreement (WTNH Broadcasting Inc), Credit Agreement (Lin Television Corp), Credit Agreement (STC Broadcasting 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.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount of, or any interest payable on, of any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (ii) if all or (y) in the case a portion of any interest payable on any Loan or any fee or other amountamount payable hereunder 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 then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cb) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Loan Agreement (Century Aluminum Holdings, Inc.), Loan Agreement (Century Louisiana, 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If any Event of Default shall have occurred and be continuing and notice to the effect that the default rate specified in this paragraph shall become applicable shall be delivered to the Borrower by the Administrative Agent or the Majority Lenders, all or a portion of the principal amount of, or any interest payable on, any Loan or outstanding Loans and Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due Obligations (whether at the stated maturity, by acceleration or otherwise), such overdue amount not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).. ----
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section -------- shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Insight Communications Co Inc), Revolving Credit Agreement (Coaxial LLC)
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) [Reserved].
(d) [Reserved].
(e) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.6 plus 2% or (y) in the case of any overdue interest, fee or other amount, the rate applicable to ABR Loans described in Section 2.6(b) plus 2%, in each case, case from the date of such non-payment until to the date on which such amount is paid in full (after as well after as before judgment).
(df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.6(e) of this Section shall be payable from time to time on demand.
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 plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount ofof any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding 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 any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment)full.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Term Facility Credit Agreement (Fender Musical Instruments Corp), Term Facility Credit Agreement (Fender Musical Instruments 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any overdue interest, commitment fee or other amount, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Credit Agreement (Affiliated Managers Group Inc), Credit Agreement (Affiliated Managers 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginABR.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any overdue interest, commitment fee or other amount, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Credit Agreement (Polo Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren 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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Revolving Credit Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is the higher of (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 4.4 plus 2% or and (yB) in the case of any other amount, the rate applicable to ABR Loans Alternate Base Rate plus 21%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 4.4 shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Quarterly Report, Credit Agreement (El Paso Energy Partners Lp)
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 applicable London Interbank Offered Base Rate determined for such day Interest Period plus the Applicable Margin.
(b) Each ABR Loan and Swing Line Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of the (i) any principal amount ofof any Revolving Credit Loan or Swing Line Loan, or (ii) any interest payable onthereon, (iii) any Loan or Reimbursement Obligation or any commitment facility fee or (iv) any other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any such overdue amount shall bear interest at a rate per annum equal to which is (x) in the case of the Loansany such overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of any such overdue interest, facility fee or other amount, the rate applicable to ABR Loans pursuant to subsection 2.9(b) plus 2%% per annum, in each case, case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard 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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Revolving Credit Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is the higher of (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or and (yB) in the case of any other amount, the rate applicable to ABR Loans Alternate Base Rate plus 21%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Credit Agreement (Moray Pipeline Co LLC), Credit Agreement (El Paso Energy Partners Lp)
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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is the higher of (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 4.4 plus 2% or and (yB) in the case of any other amount, the rate applicable to ABR Loans Alternate Base Rate plus 21%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 4.4 shall be payable from time to time on demand.
Appears in 2 contracts
Samples: Credit Agreement (El Paso Energy Partners Lp), Credit Agreement (El Paso Energy Partners Lp)
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Scheduled Interest Payment Date, provided that (i) interest accruing pursuant to paragraph (c) of this Section 2.8 shall be payable from time to time on demanddemand and (ii) each prepayment of the Loans shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid and breakage costs, if any.
Appears in 2 contracts
Samples: Credit Agreement (Quality Food Centers Inc), Credit Agreement (Fred Meyer Inc)
Interest Rates and Payment Dates. (a) Each Eurodollar Term SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate Term SOFR determined for such day plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount of, or any interest payable on, of any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).- 52-
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Cco Holdings 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount ofof any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding 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 any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate then applicable to ABR Loans plus 2%, in each case, % from the date of such non-payment nonpayment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
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 Adjusted Eurocurrency Rate determined for such day Interest Period plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all Notwithstanding the foregoing, if any principal of or a portion of the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable by the Borrowers hereunder or under any Loan Document shall is not be paid when due (due, whether at the stated maturity, by upon acceleration or otherwise), such overdue amount shall bear interest interest, after as well as before judgment, at a rate per annum equal to (xi) in the case of the Loansoverdue principal of any Loan, 2% per annum plus the rate that would otherwise be applicable thereto pursuant to such Loan as provided in the foregoing provisions preceding paragraphs of this Section plus 2% subsection or (yii) in the case of any other amount, 2% per annum plus the rate applicable to ABR Loans plus 2%, as provided in each case, from the date paragraph (b) of such non-payment until such amount is paid in full (after as well as before judgment)this subsection.
(d) Interest on Loans shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Samples: Multi Currency Credit Agreement (Harman International Industries Inc /De/)
Interest Rates and Payment Dates. (a) Each Subject to the provisions of Section 2.11(c), 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 Subject to the provisions of Section 2.11(c), each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all any Event of Default exists under Sections 8.1(a) or a portion of (f), the principal amount ofLoans, or any interest payable on, any Reimbursement Obligations and other Obligations under the Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall Documents 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 (xi) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (yii) in the case of any other amountObligation, the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment Event of Default until the earlier of the date such amount is paid in full (after as well as before judgment)) and the date such Event of Default is cured or waived.
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Teradyne, Inc)
Interest Rates and Payment Dates. (a) Each Eurodollar LIBOR Loan shall bear interest for each day (including the first day but excluding the last day) during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted LIBOR Rate determined for such day plus the Applicable Marginday.
(b) Each ABR Prime Rate Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginPrime Rate.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%Overdue Rate, in each case, case from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand and provided, further, that accrued but unpaid interest on a Prime Rate Loan being converted to a LIBOR Loan shall be payable on the date of conversion.
Appears in 1 contract
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 LIBOR Rate determined for such day plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount of, or any interest payable on, of any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (ii) if all or (y) in the case a portion of any interest payable on any Loan or any fee or other amountamount payable hereunder 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 highest rate then applicable under this Agreement to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cb) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Lam Research 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginABR.
(ci) If So long as any 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 the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation any Commitment Fee or any commitment fee Utilization Fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate then applicable to ABR Loans plus 2%, in each casecase as described in this clause (ii), from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurodollar The Term 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount of, or any interest payable on, any of the Term Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (ii) if all or (y) in the case a portion of any interest payable on the Term Loan or any other amountamount payable hereunder 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 then applicable to ABR Loans the Term Loan plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cb) of this Section 2.9 shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Mirant 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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan fees or Reimbursement Obligation other amounts owing under this Agreement or any commitment fee or other amount payable hereunder or under any Loan Document 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 which is the higher of (x) in the case of the Loans, 2% per annum plus the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% subsection or (y) in 2% per annum plus the case of any other amount, the rate applicable to ABR Loans plus 2%Alternate Base Rate, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment DateDate and on each date principal is due, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any overdue interest, commitment fee or other amount, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided ; PROVIDED that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If (i) all or a portion of the principal amount ofof any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise) or (ii) all or a portion of any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable by the Borrowers in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurodollar Term SOFR 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 Term SOFR plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If all or a portion of the principal amount of, or any interest payable on, of any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amountReimbursement Obligations, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).73
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ci) If So long as any 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 the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation any Facility Fee or any commitment fee Utilization Fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate then applicable to ABR Loans plus 2%, in each casecase as described in this clause (ii), from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurodollar Term 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.
(bi) Each ABR If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Term Loans (whether or not overdue) shall bear interest at a rate per annum equal to the ABR rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus the Applicable Margin.
2.00% and (cii) If if all or a portion of the principal amount of, or any interest payable on, on any Term Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 22.00%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cb) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Term Loan Agreement (Haights Cross Communications 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 in effect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable MarginMargin in effect for such day.
(ci) If all or a portion of the principal amount ofof any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), all outstanding Loans (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is 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 interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.9 shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (NGA Holdco, 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 LIBO Rate (Reserve Adjusted) determined for such day plus the Applicable A-Margin, in the case of Tranche A Loans, or the Applicable B-Margin, in the case of Tranche B Loans.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(ca) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment)Overdue Rate.
(db) Interest shall be payable in arrears on each Interest Scheduled Payment Date, provided that (i) interest accruing pursuant to paragraph clause (cb) of this Section 2.6 shall be payable from time to time on demanddemand and (ii) each prepayment of the Loans shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.
Appears in 1 contract
Samples: Loan Agreement (Lam Research 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 MarginMargin therefor.
(b) Each ABR Loan shall bear interest for each day from the applicable Borrowing Date at a rate per annum equal to the ABR plus the Applicable MarginMargin therefor.
(c) If all or a portion of (i) the principal amount ofof any Loan or reimbursement obligation in respect of any LC Disbursement, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans pursuant to Section 2.8(b) plus 2%, in each case, % from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand and on the Termination Date.
Appears in 1 contract
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 from time to time.
(b) Each ABR Loan shall bear interest for each day at a rate per annum equal to the ABR plus the Applicable MarginMargin in effect from time to time.
(c) If all Notwithstanding the foregoing, if any principal of or a portion of the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable by the Borrower hereunder or under any Loan Document shall is not be paid when due (due, whether at the stated maturity, by upon acceleration or otherwise), such overdue amount shall shall, without limiting the rights of the Lenders under Section 8, bear interest interest, after as well as before judgment, at a rate per annum equal to (xi) in the case of the Loansoverdue principal of any Loan, 2% plus the rate that would otherwise be applicable thereto pursuant to such Loan as provided in the foregoing provisions preceding paragraphs of this Section plus 2% section or (yii) in the case of any other amount, 2% plus the rate applicable to ABR Loans plus 2%, as provided in each case, from paragraph (b) of the date of such non-payment until such amount is paid in full (after as well as before judgment)Section 2.12.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section 2.12 shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Department 56 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 Applicable Margin plus the Eurodollar Rate determined for such day plus the Applicable MarginInterest Period.
(b) Each ABR Loan shall bear interest at a fluctuating rate per annum equal to the ABR plus the Applicable MarginAlternate Base Rate.
(c) If Except as otherwise provided in subsection 4.4, if all or a portion of (i) the principal amount of, of any Loan or (ii) any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document thereon 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any other amountoverdue interest, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
(e) Subject to the limitations set forth herein, each Borrower may use the Loans by borrowing, prepaying and reborrowing the Loans, all in accordance with the terms and conditions hereof.
Appears in 1 contract
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 Reserve Rate determined for such day plus the Applicable Margin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginBase Rate.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, on any Loan or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (subject to applicable grace periods) (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to which is the lesser of (x) the interest rate applicable to such Loan (or 11 in the case of the Loansclause (iii) above, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section Base Rate) plus 2% or and (y) in the case of any other amount, the highest interest rate permitted by applicable to ABR Loans plus 2%law, in each case, case from the date of such non-payment until such amount is paid in full (whether after as well as or before judgment).
(d) Interest shall be payable in arrears on each Scheduled Interest Payment Date, provided PROVIDED that (i) interest accruing pursuant to paragraph (c) of this Section 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
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 ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, thereon or (iii) any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%Default Rate, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment), provided that the provisions of this clause (c) shall not apply if such amount shall be paid on or prior to the expiration of any grace or cure period applicable to such amount.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph clause (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
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 ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate from time to time plus the Applicable Margin.
(c) If all Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default under Section 7.1(a) or a portion of (b) or at any time after the date on which any principal amount of, or of any interest Term Loan is due and payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at on the stated maturitymaturity date therefor, by upon acceleration or otherwise), and, in each case, for so long as such overdue amount Obligation remains unpaid, the Borrower shall bear pay, but only to the extent permitted by law, interest (after as well as before judgment) on such unpaid overdue amounts at a rate per annum equal to (xa) in the case of the Loansoverdue principal on any Term Loan, the rate of interest that otherwise would otherwise be applicable thereto pursuant to the foregoing provisions of this Section such Term Loan plus 2% or per annum and (yb) in the case of any overdue interest, fees, and other amountmonetary Obligations, the rate then applicable to ABR Base Rate Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment)% per annum.
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Calpine Corp)
Interest Rates and Payment Dates. (a) Each Eurodollar Term SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate Adjusted Term SOFR determined for such day plus the Applicable MarginMargin in effect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable MarginMargin in effect for such day.
(c) If all Notwithstanding the foregoing, if any principal of or a portion of the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable by the Borrower hereunder or under any Loan Document shall is not be paid when due (due, whether at the stated maturity, by upon acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is equal to (xi) in the case of the Loans, at the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or %, and (yii) in the case of any interest payable on any Loan or any other amount, amount payable hereunder at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i), (ii) and (iii) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Essential Properties Realty Trust, 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion Upon the occurrence and during the continuance of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or an Event of Default under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwisesubsection 8(a), such (i) all outstanding Loans and any overdue amount amounts hereunder shall bear interest at a rate per annum equal to which is (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.12 plus 2% or (yB) in the case of Reimbursement Obligations, overdue interest, the commitment fee or other amounts payable at a rate per annum equal to the rate applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amountamounts that do not relate to a particular Facility, the rate applicable to ABR Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after judgment as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.12 shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Omniamerica 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise, but taking into account any applicable grace period under Section 10(a)), such overdue amount shall bear interest at a rate per annum equal to which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any overdue interest, commitment fees or other amountamounts due and payable hereunder, the rate applicable to ABR Loans plus 2%, described in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.subsection 3.4
Appears in 1 contract
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of the (i) any principal amount ofof any Loan, or (ii) any interest payable onthereon, any Loan or Reimbursement Obligation or (iii) any commitment fee or (iv) any other amount payable hereunder or under any Loan Document shall not be paid when due (taking into account any applicable grace period) (whether at the stated maturity, by acceleration or otherwise), any such overdue principal, interest, commitment fee or other amount shall bear interest at a rate per annum equal to (x) in which is the case higher of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 23%, 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 in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Actava 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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Revolving Credit Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is the higher of (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or and (yB) in the case of any other amount, the rate applicable to ABR Loans Alternate Base Rate plus 21%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).. 38 32
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Leviathan Gas Pipeline Partners L P)
Interest Rates and Payment Dates. (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR.
(b) Each Loan that is a 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 ABR Loan shall bear interest at a rate per annum equal to the ABR Interest Period plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount of, of any Loan or (ii) any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document thereon 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any other amountoverdue interest, the rate applicable to ABR Loans described in paragraph (a) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest on each Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Western Union 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.. 57 52
(c) If all or a portion Upon the occurrence and during the continuance of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or an Event of Default under any Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwisesubsection 8(a), such (i) all outstanding Loans and any overdue amount amounts hereunder shall bear interest at a rate per annum equal to which is (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.12 plus 2% or (yB) in the case of Reimbursement Obligations, overdue interest, commitment fee or other amount payable at a rate per annum equal to the rate applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amountamounts that do not relate to a particular Facility, the rate applicable to ABR Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after judgment as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.12 shall be payable from time to time on demand.
Appears in 1 contract
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 Adjusted Eurocurrency Rate determined for such day Interest Period plus the Applicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all Notwithstanding the foregoing, if any principal of or a portion of the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable by the Borrowers hereunder or under any Loan Document shall is not be paid when due (due, whether at the stated maturity, by upon acceleration or otherwise), such overdue amount shall bear interest interest, after as well as before judgment, at a rate per annum equal to (xi) in the case of the Loansoverdue principal of any Loan, 2% per annum plus the rate that would otherwise be applicable thereto pursuant to such Loan as provided in the foregoing provisions preceding paragraphs of this Section plus 2% or (yii) in the case of any other amount, 2% per annum plus the rate applicable to ABR Loans plus 2%, as provided in each case, from the date paragraph (b) of such non-payment until such amount is paid in full (after as well as before judgment)this Section.
(d) Interest on Loans shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Samples: Multi Currency Credit Agreement (Harman International Industries 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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion of the principal amount of, or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document 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 (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
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 to Eurodollar Loans.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginMargin with respect to ABR Loans.
(c) If all any principal of or a portion of the principal amount of, or any interest payable on, on any Loan or Reimbursement Obligation or any commitment fee or other amount payable by the Borrower hereunder or under any Loan Document shall is not be paid when due (due, whether at the stated maturity, by upon acceleration or otherwise), such overdue amount shall bear interest interest, after as well as before judgment, at a rate per annum equal to (xi) in the case of the overdue principal of any Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% %, or (yii) in the case of any other amountamount owed hereunder (including interest of any Loan), the rate then applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR in effect from time to time plus the Applicable Margin.
(b) Each Loan that is a 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 ABR Loan shall bear interest at a rate per annum equal to the ABR Interest Period plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount of, of any Loan or (ii) any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document thereon 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 which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any other amountoverdue interest, the rate applicable to ABR Loans described in paragraph (a) of this subsection plus 2%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest on each Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Samples: Credit Agreement (Western Union 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.. 32 27
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin.
(c) If all or a portion of the (i) any principal amount ofof any Loan, or (ii) any interest payable onthereon, any Loan or Reimbursement Obligation or (iii) any commitment fee or (iv) any other amount payable hereunder or under any 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 equal to which is (x) in the case of principal of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2% or and (y) in the case of any overdue interest, commitment fee or other amount, the rate applicable to ABR Revolving Credit Loans which 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 (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.12 shall be payable from time to time on demand.
Appears in 1 contract
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 ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(c) If all or a portion At the option of the principal amount ofRequired Lenders (which option shall be deemed exercised automatically if an Event of Default specified in clause (i) or (ii) of paragraph (f) of Section VII has occurred with respect to the Borrower, or if any interest payable onEvent of Default shall occur and be continuing, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document shall not be paid when due all outstanding Loans (whether at the stated maturity, by acceleration or otherwise), such overdue amount not overdue) shall bear interest during such continuance at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2%, in each case, from the date of such non-payment until such amount is paid in full (after as well as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Samples: Second Lien Credit Agreement (American Skiing Co /Me)
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 ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin.
(c) If all or a portion of (i) the principal amount ofof any Loan, or (ii) any interest payable on, any Loan thereon or Reimbursement Obligation or (iii) any commitment fee or other amount payable hereunder or under any Loan Document 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 which is the higher of (xA) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 4.4 plus 2% or and (yB) in the case of any other amount, the rate applicable to ABR Loans Alternate Base Rate plus 21%, in each case, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, on any prepayment (on the amount prepaid) and at maturity (whether by acceleration or otherwise), provided that interest accruing pursuant to paragraph (c) of this Section 4.4 shall be payable from time to time on demand.
Appears in 1 contract
Samples: Senior Secured Acquisition Term Loan Credit Agreement (El Paso Energy Partners Lp)
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 ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginBase Rate.
(c) If all or a portion of the principal amount of, of any Loan or any interest payable on, any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder or under any Loan Document on the Loans 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 which is (x) in the case of overdue principal to the Loanslast day of any Interest Period then applicable thereto, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of any other amountotherwise, the rate applicable to ABR Loans described in paragraph (b) of this Section 2.08 plus 2%, in each case, case from the date of such non-payment nonpayment until such amount is paid in full (after as well after as before judgment).
(d) Interest on each Eurodollar Loan and Base Rate Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.08 shall be payable from time to time on demand.
Appears in 1 contract