Common use of Interest Rates; Interest Periods Clause in Contracts

Interest Rates; Interest Periods. Each Alternate Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such loan is made until it becomes due at a rate per annum equal to the Alternate Base Rate for such day. Each Eurocurrency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Eurocurrency Rate applicable thereto. Each Alternate Currency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum set forth in the applicable Alternate Currency Addendum. Subject to the provisions of Section 2.5.5, each Advance (other than those bearing interest by reference to the Alternate Base Rate, which shall be governed by the first sentence of this Section) shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the earlier of (i) the last day of such Interest Period or (ii) the date of any earlier prepayment in full as permitted by Section 2.5.3, at the interest rate determined as applicable to such Advance.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Crane Co /De/), Multicurrency Credit Agreement (Crane Co /De/)

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Interest Rates; Interest Periods. Each Alternate Base Rate -------------------------------- Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such loan is made until it becomes due at a rate per annum equal to the Alternate Base Rate for such day. Each Eurocurrency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Eurocurrency Rate applicable thereto. Each Alternate Currency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum set forth in the applicable Alternate Currency AddendumMemorandum. Subject to the provisions of Section 2.5.5, each Advance (other than those bearing interest by reference to the Alternate Base Rate, which shall be governed by the first sentence of this Section) shall bear ------------- interest from and including the first day of the Interest Period applicable thereto to (but not including) the earlier of (i) the last day of such Interest Period or (ii) the date of any earlier prepayment in full as permitted by Section 2.5.3, ------------- at the interest rate determined as applicable to such Advance.

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

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Interest Rates; Interest Periods. Each Alternate Base Rate Loan -------------------------------- shall bear interest on the outstanding principal amount thereof, for each day from the date such loan is made until it becomes due at a rate per annum equal to the Alternate Base Rate for such day. Each Eurocurrency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Eurocurrency Rate applicable thereto. Each Alternate Currency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum set forth in the applicable Alternate Currency Addendum. Subject to the provisions of Section 2.5.5, each Advance (other than those bearing interest by reference to the Alternate Base Rate, which shall be governed by the first sentence of this Section) shall ------------- bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the earlier of (i) the last day of such Interest Period or (ii) the date of any earlier prepayment in full as permitted by Section 2.5.3, ------------- at the interest rate determined as applicable to such Advance.

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

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