Common use of Letter of Credit Fees, Interest Rate Clause in Contracts

Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 3.1 [Interest Rate Options], respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable under the Revolving Base Rate Option plus an additional 2.0% per annum; and

Appears in 2 contracts

Samples: Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P)

AutoNDA by SimpleDocs

Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 3.1 4.1 [Interest Rate Options], respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable under the Revolving Credit Base Rate Option plus an additional 2.0% per annum; and

Appears in 2 contracts

Samples: Credit Agreement (Rhino Resource Partners LP), Senior Secured Revolving Credit Facility (Rhino Resource Partners, L.P.)

Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 2.9(b) [Letter of Credit Fees] or Section 3.1 Section 4.1 [Interest Rate Options], respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable otherwise payable under the Revolving Alternative Base Rate Option plus an additional 2.0% per annum; and;

Appears in 1 contract

Samples: Revolving Credit Agreement (Superior Well Services, INC)

Letter of Credit Fees, Interest Rate. The the Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 3.1 4.1 [Interest Rate Options], respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable under the Revolving Base Rate Option plus an additional 2.0% per annum; and

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Resource Partners L P)

AutoNDA by SimpleDocs

Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of interest for each Loan otherwise applicable pursuant to Section 2.9.2 [Letter of Credit Fees] or Section 3.1 [Interest Rate Options], respectively, shall bear interest at a rate per annum equal to the sum of the interest applicable under the Revolving Base Rate Option plus an additional 2.0% per annum; and

Appears in 1 contract

Samples: Revolving Credit Facility (Penn Virginia Resource Partners L P)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!