Common use of Money Market Loans Clause in Contracts

Money Market Loans. Subject to Section 8.1, the Borrower hereby promises to pay to the Administrative Agent for account of each Bank interest on the outstanding principal amount of each Money Market LIBOR Loan made by such Bank, for the Interest Period applicable thereto, at a rate per annum equal to the sum of the London Interbank Offered Rate for such Interest Period (determined in accordance with Section 2.7(b) as if the related Money Market LIBOR Borrowing were a Committed Euro-Dollar Borrowing) plus (or minus) the Money Market Margin quoted by such Bank in accordance with Section 2.