Line of Credit Interest Rate. Interest on advances on the Line of Credit shall accrue at the Prime Rate (P+0.00%) per annum in effect from time to time, but in no event shall interest accrue at less than four percent (4.00%) per annum (the “Regular Line of Credit Interest Rate”). Any changes in the Regular Line of Credit Interest Rate resulting from a change in the Prime Rate shall take effect without notice at the time the Prime Rate is set.
Line of Credit Interest Rate. The unpaid principal amounts advanced on the Line of Credit shall bear interest for each day until due at a fluctuating rate per annum (computed on the basis of a year of 360 days for actual days elapsed) for each day at the Prime Rate less one-half of one percent (.50%), in effect from time to time per annum (the "Rate-''), such Rate to change automatically from time to time effective as of the effective date of each change in the Prime Rate. -
Line of Credit Interest Rate. Advances shall bear interest on the unpaid principal balance thereof from the Funding Date to maturity (whether by acceleration or otherwise) at the sum of LIBOR Market Index Rate (as defined below) during each Interest Period (as defined below) plus the Applicable Spread (as defined below).
Line of Credit Interest Rate. Advances shall bear interest on the unpaid principal balance thereof from the Funding Date to maturity (whether by acceleration or otherwise) at the following rates: (i) if Lender is borrowing from third parties during an Interest Period, the rate shall be the lowest rate at which Lender is borrowing during such Interest Period; and (ii) if Lender is not borrowing from third parties during an Interest Period, the rate shall be the sum of the Prime Rate during each Interest Period plus the Applicable Spread.
Line of Credit Interest Rate. (a) The interest rate applicable to loans under the Line of Credit is a rate per annum equal to the Wall Street Journal LIBOR Daily Floating Rate plus the Applicable Margin as defined below.
Line of Credit Interest Rate. Section 2.3.2 of the Loan Agreement is hereby amended and restated as follows:
Line of Credit Interest Rate. Cash Advances under the Line of Credit shall bear interest on the unpaid principal balance thereof from the Funding Date until paid in full (whether by acceleration or otherwise) at the sum of (i) the Base Rate or the Adjusted LIBOR on the relevant Interest Rate Determination Date as selected by Borrowers at the time a Notice of Borrowing or Notice of Rate Election is given pursuant to Sections 2.4.1 and 2.4.2 hereof., plus (ii) an additional percentage per annum determined in reference to Borrowers' Cash Flow Ratio set forth in the table below: Line of Credit Interest Rate Cash Flow Ratio LIBOR plus Base Rate Greater than or equal to: But less than: -------------- ---------------- 4.0:1 ------------- 2.75% plus 0.25% 3.5:1 4.0:1 2.50% plus 0.25% 3.0:1 3.5:1 2.25% plus 0 2.5:1 3.0:1 1.75% plus 0 ------- 2.5:1 1.50% minus 0.25% The Cash Flow Ratio shall be determined and calculated in accordance with Section 6.1.13.3 hereof as of the last day of each Calendar Quarter on a rolling four Calendar Quarter historical basis. The applicable interest rate for Cash Advances under the Line of Credit shall change when and as the Cash Flow Earnings Ratio changes as reported to Bank on a properly completed and executed Ratio Certificate within 30 days after the expiration of each Calendar Quarter. Any change in the Cash Flow Ratio shall change the interest rate applicable to all outstanding Cash Advances under the Line of Credit and shall become effective five days after Bank's timely receipt of a properly completed and executed Ratio Certificate without retroactive effect.
Line of Credit Interest Rate. The Line of Credit Loans shall bear interest on the unpaid principal balance thereof from the Funding Date until paid in full (whether by acceleration or otherwise): with respect to Base Rate Loans at the Base Rate, and with respect to Adjusted LIBOR Loans at the Adjusted LIBOR plus 2% per annum on the relevant Interest Rate Determination Date. The applicable basis for determining the Interest Rate Option with respect to each Line of Credit Loan shall be selected by Borrowers at the time a Notice of Borrowing or Notice of Rate Election is given pursuant to Sections 2.4.1 and 2.4.2 hereof.
Line of Credit Interest Rate. The Borrower shall ---------------------------- pay interest to the Bank on the unpaid principal amount due under the Line of Credit at the interest rate set forth in the LOC Note. Interest on the Line of Credit shall be calculated on the basis of the actual number of days elapsed over a year of 360 days.
Line of Credit Interest Rate. Section 1.4 of the Agreement is amended to read as follows:
