Interest Rates on Swing Line Loans. The Company promises to pay interest on the unpaid principal amount of each Swing Line Loan for the period commencing on the date such Swing Line Loan is made until the date such Swing Line Loan is paid in full at a rate per annum agreed to from time to time between the Company and the Swing Line Bank; provided that if at any time the Banks become obligated to fund their participations in any Swing Line Loan pursuant to Section 2.4.3, such Swing Line Loan shall thereafter bear interest at the rate applicable from time to time for Base Rate Loans pursuant to Section 4.1.1.
Appears in 3 contracts
Samples: Assignment Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)
Interest Rates on Swing Line Loans. The Company promises to pay interest on the unpaid principal amount of each Swing Line Loan for the period commencing on the date such Swing Line Loan is made until the date such Swing Line Loan is paid in full at a the rate per annum agreed to applicable from time to time between the Company and the Swing Line Bank; provided for Base Rate Loans pursuant to Section 4.1.1 (it being understood that if at any time the Banks Lenders become obligated to fund their participations in any Swing Line Loan pursuant to Section 2.4.3, such Swing Line Loan shall thereafter continue to bear interest at the rate applicable from time to time for Base Rate Loans pursuant to Section 4.1.1).
Appears in 1 contract
Samples: Credit Agreement (Regal Beloit Corp)