Common use of Loan Interest Rates Clause in Contracts

Loan Interest Rates. Borrower shall pay interest on the unpaid principal amount of each Loan from the date of such Loan until the maturity or prepayment thereof at one of the following rates per annum: (a) With respect to the principal portion of each Loan that is, and during such periods as such Loan is, a Base Rate Loan, at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate; and (b) With respect to the principal portion of each Loan that is, and during such periods as such Loan is, a LIBOR Loan, at a rate per annum during each Interest Period for such LIBOR Loan equal to the LIBO Rate for such Interest Period plus the Applicable Rate.

Appears in 3 contracts

Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co)

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Loan Interest Rates. Borrower shall pay interest on the unpaid principal amount of each Loan the Loans from the date of such Loan the Loans until the maturity or prepayment thereof at one of the following rates per annum: (a) With respect to the principal portion of each Loan that the Loans which is, and during such periods as such Loan is, a Base Rate an ABR Loan, at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate; and. (b) With respect to the principal portion of each Loan that the Loans which is, and during such periods as such Loan is, a LIBOR Loan, at a rate per annum during each Interest Period for such LIBOR Loan equal to the Adjusted LIBO Rate for such Interest Period plus the Applicable Rate.

Appears in 1 contract

Samples: Loan Agreement (Teco Energy Inc)

Loan Interest Rates. The applicable Borrower shall pay interest on the unpaid principal amount of each Loan from the date of such Loan until the maturity or prepayment thereof at one of the following rates per annum: (a) With respect to the principal portion of each Loan that is, and during such periods as such Loan is, a Base Rate an ABR Loan, at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate; and (b) With respect to the principal portion of each Loan that is, and during such periods as such Loan is, a LIBOR Loan, at a rate per annum during each Interest Period for such LIBOR Loan equal to the Adjusted LIBO Rate for such Interest Period plus the Applicable Rate.

Appears in 1 contract

Samples: Senior Unsecured Bridge Credit Agreement (Teco Energy Inc)

Loan Interest Rates. Borrower shall pay interest on the unpaid principal amount of each Loan from the date of such Loan until the maturity or prepayment thereof at one of the following rates per annum: (a) With respect to the principal portion of each Loan that is, and during such periods as such Loan is, a Base Rate an ABR Loan, at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate; and (b) With respect to the principal portion of each Loan that is, and during such periods as such Loan is, a LIBOR Loan, at a rate per annum during each Interest Period for such LIBOR Loan equal to the Adjusted LIBO Rate for such Interest Period plus the Applicable Rate.

Appears in 1 contract

Samples: Credit Agreement (Teco Energy Inc)

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Loan Interest Rates. Borrower shall pay interest on the unpaid principal amount of each Loan from the date of such Loan until the maturity or prepayment thereof at one of the following rates per annum: (a) With respect to the principal portion of each such Loan that which is, and during such periods as such Loan is, a Base Rate an ABR Loan, at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate; and. (b) With respect to the principal portion of each such Loan that which is, and during such periods as such Loan is, a LIBOR Loan, at a rate per annum during each Interest Period for such LIBOR Loan equal to the Adjusted LIBO Rate for such Interest Period plus the Applicable Rate.

Appears in 1 contract

Samples: Credit Agreement (Teco Energy Inc)

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