Common use of LIBOR Rate Advances Clause in Contracts

LIBOR Rate Advances. During such periods as such Term Credit Advance is a LIBOR Rate Advance, a rate per annum equal at all times during each Interest Period for such Term Credit Advance to the sum of (x) the LIBOR Rate for such Interest Period for such Term Credit Advance, plus (y) the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such LIBOR Rate Advance shall be Converted or paid in full.

Appears in 4 contracts

Sources: Term Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Term Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Term Credit Agreement (Telecomunicaciones De Puerto Rico Inc)

LIBOR Rate Advances. During such periods as such Term Credit Advance is a ------------------- LIBOR Rate Advance, a rate per annum equal at all times during each Interest Period for such Term Credit Advance to the sum of (x1) the LIBOR Rate for such Interest Period for such Term Credit Advance, Advance plus (y2) the Applicable MarginMargin for such Advance in ---- effect on the first day of such Interest Period, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such LIBOR Rate Advance shall be Converted or paid in full.

Appears in 1 contract

Sources: Credit Agreement (Channell Commercial Corp)

LIBOR Rate Advances. During such periods as such Term Credit Advance is a LIBOR Rate Advance, a rate per annum equal at all times during each Interest Period for such Term Credit Advance to the sum of (xA) the LIBOR Rate for such Interest Period for such Term Credit Advance, Advance plus (yB) the Applicable MarginMargin in effect on the first day of such Interest Period, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such LIBOR Rate Advance shall be Converted or paid in full.

Appears in 1 contract

Sources: Credit Agreement (Ceradyne Inc)

LIBOR Rate Advances. During such periods as such Term Revolving Credit Advance is a LIBOR Rate Advance, a rate per annum equal at all times during each Interest Period for such Term Revolving Credit Advance to the sum of (x) the LIBOR Rate for such Interest Period for such Term Revolving Credit Advance, plus (y) the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such LIBOR Rate Advance shall be Converted or paid in full.

Appears in 1 contract

Sources: Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc)