Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows: (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 46 contracts
Samples: Credit Agreement (Liberty Oilfield Services Inc.), Credit Agreement (Paycor Hcm, Inc.), Credit Agreement (CMI Acquisition, LLC)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 28 contracts
Samples: Credit Agreement (Independence Contract Drilling, Inc.), Credit Agreement (Jack Cooper Holdings Corp.), Credit Agreement (Jack Cooper Holdings Corp.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 26 contracts
Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Angiotech Pharmaceuticals Inc), Credit Agreement (Stock Building Supply Holdings, Inc.)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 9 contracts
Samples: Credit Agreement, Credit Agreement (CPI Card Group Inc.), Credit Agreement (GoPro, Inc.)
Interest Rates. Except as provided in Section 2.6(c2.5(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 6 contracts
Samples: Credit Agreement (Seventy Seven Energy Inc.), Credit Agreement (MGP Ingredients Inc), Credit Agreement (MGP Ingredients Inc)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwiseif the relevant Obligation is a Base Rate Loan, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 6 contracts
Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 5 contracts
Samples: Loan and Security Agreement (Matrix Geophysical, Inc.), Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Alpine Group Inc /De/)
Interest Rates. Except as provided in Section 2.6(c), all Revolving Loans and all other Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 4 contracts
Samples: Debtor in Possession Credit Agreement (School Specialty Inc), Debtor in Possession Credit Agreement (School Specialty Inc), Credit Agreement (Ocz Technology Group Inc)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate MarginLoans, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate MarginLoans.
Appears in 3 contracts
Samples: Credit Agreement (Sirva Inc), Credit Agreement (Horizon Lines, Inc.), Credit Agreement (Horizon Lines, Inc.)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate RateSOFR Loan, at a per annum rate equal to the LIBOR Rate RateAdjusted Term SOFR plus the LIBOR Rate RateSOFR Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 3 contracts
Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Kaiser Aluminum Corp), Credit Agreement (CPI Card Group Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations which are due and owing under the Loan Documents (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 3 contracts
Samples: Credit Agreement (BOISE CASCADE Co), Credit Agreement (BOISE CASCADE Co), Credit Agreement (Boise Cascade Holdings, L.L.C.)
Interest Rates. Except as provided in Section 2.6(c)2.5(b) below, all Obligations (except for undrawn Letters of CreditBank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to (A) the LIBOR Rate plus (B) the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to (A) the Base Rate plus (B) the Base Rate Margin.
Appears in 3 contracts
Samples: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Applicable Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 3 contracts
Samples: Credit Agreement (Pioneer Energy Services Corp), Inventory Facility Credit Agreement (Anixter International Inc), Credit Agreement (Anixter International Inc)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Applicable Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 3 contracts
Samples: Credit Agreement (Watsco Inc), Credit Agreement (Actuate Corp), Credit Agreement (Watsco Inc)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is unless otherwise specified herein, as a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin applicable to LIBOR Rate MarginLoans, and
(ii) otherwiseto the extent specified in Section 2.13(d), at a per annum rate equal to the Base Rate plus the Applicable Margin applicable to Base Rate MarginLoans.
Appears in 2 contracts
Samples: Credit Agreement (Thryv Holdings, Inc.), Credit Agreement (Thryv Holdings, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate Rate, plus the LIBOR Rate Margin;
(ii) if the relevant Obligation is a Daily LIBOR Rate Loan, at a per annum rate equal to the Daily LIBOR Rate, plus the Daily LIBOR Rate Margin; and
(iiiii) otherwise, at a per annum rate equal to the Base Rate Rate, plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Falcon Capital Acquisition Corp.), Credit Agreement (Falcon Capital Acquisition Corp.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Powerwave Technologies Inc), Credit Agreement (Powerwave Technologies Inc)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (LSB Industries Inc)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (BlueLinx Holdings Inc.), Credit Agreement (BlueLinx Holdings Inc.)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Margin, and
Loans and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate MarginLoans.
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Collective Brands, Inc.), Loan and Guaranty Agreement (Payless Shoesource Inc /De/)
Interest Rates. Except as provided in Section 2.6(c2.06(c), all Bank Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the Daily One Month LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the Daily Three Month LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Emmis Communications Corp), Credit Agreement (Northwest Pipe Co)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate Rate, plus if the relevant Obligation is an Advance, the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (AdvancePierre Foods Holdings, Inc.), Credit Agreement (AdvancePierre Foods Holdings, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Loans, and all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof hereof, shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Ranger Energy Services, Inc.), Credit Agreement (Ranger Energy Services, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account Accounts pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Stream Global Services, Inc.), Credit Agreement (Stream Global Services, Inc.)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Margin, and
Loans and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate MarginLoans.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sharper Image Corp), Loan and Security Agreement (Sharper Image Corp)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Bookham, Inc.), Credit Agreement (TRC Companies Inc /De/)
Interest Rates. Except as provided in Section 2.6(c), all Loans and other Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 2 contracts
Samples: Credit Agreement (Titan Machinery Inc.), Credit Agreement (Titan Machinery Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the applicable Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a Revolving Loan that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Applicable Margin, and
(ii) otherwiseif the relevant Obligation is a Revolving Loan that is a Base Rate Loan, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 2 contracts
Samples: Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.), Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for such LIBOR Rate MarginLoans, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for such Base Rate MarginLoans.
Appears in 2 contracts
Samples: Credit Agreement (VOXX International Corp), Credit Agreement (VOXX International Corp)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is all or a portion of an Advance or the Term Loan that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Loan and Security Agreement (Special Devices Inc /De)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account (and all outstanding interest, fees, costs, expenses, Lender Group Expenses, or other amounts payable hereunder not paid when due) pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Power Solutions International, Inc.)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a <LIBOR Rate Rate>SOFR Loan, at a per annum rate equal to <the LIBOR Rate Rate>Adjusted Term SOFR plus the <LIBOR Rate Rate>SOFR Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (GoPro, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Loans, and Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof hereof, shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Nuverra Environmental Solutions, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the applicable LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the applicable Base Rate Margin.
Appears in 1 contract
Samples: Second Lien Credit Agreement (Ascendia Brands, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
: (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate Rate, plus the LIBOR Rate Margin, and
; (ii) if the relevant Obligation is a Daily LIBOR Rate Loan, at a per annum rate equal to the Daily LIBOR Rate, plus the Daily LIBOR Rate Margin; and (iii) otherwise, at a per annum rate equal to the Base Rate Rate, plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Vector Group LTD)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate MarginLoans.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (iy) if the relevant Obligation is a LIBOR Rate LoanAdvance, at a per annum rate equal to the LIBOR Rate plus the Applicable LIBOR Rate Margin, and
and (iiz) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Base Rate Margin."
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.LIBOR
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(iA) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(iiB) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c3.05(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Abl Credit and Guarantee Agreement (Janus International Group, Inc.)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) : if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) and otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan or a LIBOR Index Rate Loan, at a per annum rate equal to the LIBOR Rate or LIBOR Index Rate, as applicable, plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Abl Credit Agreement (Cross Country Healthcare Inc)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Revolving Loan LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Revolving Loan Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Neophotonics Corp)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)) , all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
65 (i) if the relevant Obligation is a LIBOR Rate SOFR Loan, at a per annum rate equal to the LIBOR Rate Term SOFR plus the LIBOR Rate SOFR Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.. (b)
Appears in 1 contract
Samples: Credit Agreement (Independence Contract Drilling, Inc.)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof as provided in Sections 2.6(d) and (g) shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is an Advance that is a LIBOR LIBO Rate Loan, at a per annum rate equal to the LIBOR LIBO Rate plus the LIBOR LIBO Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit, the Term Loan Obligations and Bank Product Obligations) that have been charged to the Loan Account Accounts pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is a Standard Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
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Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR LIBO Rate plus the LIBOR LIBO Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c2.5(c), all Obligations (except for undrawn Letters of CreditCredit and except for Hedge Agreement Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c3.1(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Revolving Credit Agreement (Turning Point Brands, Inc.)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditBank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the applicable Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) on the Daily Balance if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin for LIBOR Rate Margin, and
(ii) Loans and otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate MarginLoans.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c3.05(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate RateSOFR Loan, at a per annum rate equal to the LIBOR Rate RateAdjusted Term SOFR plus the LIBOR Rate RateSOFR Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Abl Credit and Guarantee Agreement (Janus International Group, Inc.)
Interest Rates. Except as provided in Section 2.6(c2.5(c), all Obligations (except for undrawn Letters of CreditCredit and Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(iA) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the applicable Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a Revolving Loan that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate RateApplicable Margin, and
(ii) otherwiseif the relevant Obligation is a Revolving Loan that is a Base Rate Loan, at a per annum rate equal to the Base Rate plus the Base Rate RateApplicable Margin.
Appears in 1 contract
Samples: Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Applicable Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Digirad Corp)
Interest Rates. Except as provided in Section 2.6(c)) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate MarginRate.
Appears in 1 contract
Interest Rates. Except as provided in clause (c) of this Section 2.6(c)2.6, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
Margin and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR LIBO Rate plus the LIBOR LIBO Rate Margin, and
; and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Revolving Loan LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Revolving Loan Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Neophotonics Corp)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a <LIBOR Rate Rate>SOFR Loan, at a per annum rate equal to the <LIBOR Rate Rate>Adjusted Term SOFR plus the <LIBOR Rate Rate>SOFR Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c2.4(b), all Obligations (except for undrawn Letters of Credit) that have been charged to which are due and owing under the Loan Account pursuant to the terms hereof Documents shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account Accounts pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Applicable Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Dixie Group Inc)
Interest Rates. Except as provided in Section 2.6(c2.5(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (XZERES Corp.)
Interest Rates. Except as provided in Section 2.6(c)) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
Margin and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Magnetek Inc)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate RateSOFR Loan, at a per annum rate equal to the LIBOR Rate RateTerm SOFR plus the LIBOR Rate RateSOFR Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof Term Loans shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate Rate, plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Cross Country Healthcare Inc)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the applicable Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a Revolving Loan that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwiseif the relevant Obligation is a Revolving Loan that is a Base Rate Loan, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Nautilus, Inc.)
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
: (i) if the relevant Obligation is an Advance or a portion of the Term Loan that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Loans, and Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof hereof, shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Nuverra Environmental Solutions, Inc.)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditBank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the applicable LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the applicable Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Loans and other Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR LIBORSOFR Rate Loan, at a per annum rate equal to the LIBOR Rate RateTerm SOFR plus the LIBOR LIBORSOFR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Loans and other Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) 1. if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) and 2. otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c2.5(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Dialogic Inc.)
Interest Rates. Except as provided in Section 2.6(c2.06(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the Applicable Margin relative to LIBOR Rate MarginLoans, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin relative to Base Rate MarginLoans.
Appears in 1 contract
Samples: Abl Credit and Guarantee Agreement (ATI Intermediate Holdings, LLC)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Libor Rate Loan, at a per annum rate equal to the LIBOR Libor Rate for the applicable Interest Period plus the LIBOR Applicable Margin for Libor Rate MarginLoans, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate MarginLoans.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)) below, all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations which are due and owing under the Loan Documents (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.. 127255152_10
Appears in 1 contract
Samples: Credit Agreement (BOISE CASCADE Co)
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of CreditCredit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance or a portion of the Term Loan that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Samples: Credit Agreement (Youbet Com Inc)
Interest Rates. Except as provided in Section 2.6(c) and Section 2.12(d), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate SOFR Loan, at a per annum rate equal to the LIBOR Rate Adjusted Term SOFR plus the LIBOR Rate SOFR Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
follows (i) if the relevant Obligation is an Advance that is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
Margin and (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation : each Loan which is a (x) LIBOR Rate Loan, Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum rate equal to the LIBOR Rate plus the LIBOR Rate Margin, and
Margin and (iiy) otherwise, Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum rate equal to the Base Rate plus the Base Rate Margin.
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c)clause (c) below, all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows:
(i) if the relevant Obligation is an Advance made as a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the margin (as determined below) in effect from time to time in connection with LIBOR Rate Margin, and
Loans (ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Margin.the
Appears in 1 contract
Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest as follows:
(i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the Daily Three Month LIBOR Rate plus the LIBOR Rate Margin, and
(ii) otherwise, at a per annum rate equal to the Base Rate plus the Base Rate Applicable Margin.
Appears in 1 contract
