Common use of LIBOR Portion Clause in Contracts

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 8 contracts

Samples: Loan and Security Agreement (Mfri Inc), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

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LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence acceleration of an Event such LIBOR Portion in accordance with the terms of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations Section 10.2 or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier earliest of (1) the last day of the LIBOR Period applicable to such LIBOR Portion, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Required Lenders elect to accelerate the maturity and payment of the Obligations or (23) termination of this Agreement pursuant to Section 4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Houston Wire & Cable CO), Loan and Security Agreement (Houston Wire & Cable CO)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Administrative Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations (or in consequence of which payment of the Obligations is automatically accelerated) or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nes Rentals Holdings Inc), Loan and Security Agreement (Nes Rentals Holdings Inc)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on each of the earlier of following dates (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier earliest of (1) the last day of the LIBOR Period applicable to such LIBOR Portion, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Required Lenders elect to accelerate the maturity and payment of the Obligations or (23) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

LIBOR Portion. Interest accrued on each LIBOR ------------- Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent Agent, Majority Lenders or Majority Term Loan B Lenders (to the extent permitted under Section 10.2) elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on each of the earlier of following dates (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

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LIBOR Portion. Interest accrued on each LIBOR Portion ------------- shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Woods Equipment Co)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable in arrears on each LIBOR Interest Payment Date and (a) on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent Agent, Majority Lenders or Majority Term Lenders (to the extent permitted under Section 10.2(c)) elect to accelerate the maturity and payment of the Obligations or Obligations, (2b) on termination of this Agreement pursuant to Section 4 hereofhereof and (c) at maturity.

Appears in 1 contract

Samples: And Security Agreement (Weirton Steel Corp)

LIBOR Portion. Interest accrued on each LIBOR Portion shall ------------- be due and payable on the earliest of (1) each LIBOR Interest Payment Date and on the earlier of applicable to such LIBOR Portion, (12) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect Lender elects to accelerate the maturity and payment of the Obligations or (23) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Moore Medical Corp)

LIBOR Portion. Interest accrued on each LIBOR Portion ------------- shall be due and payable on each LIBOR Interest Payment Date and on the earlier of (1) the occurrence of an Event of Default in consequence of which Agent Agent, Majority Lenders or Majority Term Loan B Lenders (to the extent permitted under Section 10.2) elect to accelerate the maturity and payment of the Obligations or (2) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

LIBOR Portion. Interest accrued on each LIBOR Portion shall be due and payable on each LIBOR Interest Payment Date and on the earlier earliest of (1) the last day of the Interest Period applicable to such LIBOR Portion, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect Lender elects to accelerate the maturity and payment of the Obligations or (23) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Vista 2000 Inc)

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