Common use of On Eurodollar Advances Clause in Contracts

On Eurodollar Advances. Interest on each Eurodollar Advance ---------------------- shall be computed for the actual number of days elapsed on the basis of a hypothetical 360-day year and shall be payable in arrears on (x) the Payment Date for such Advance, and (y) if the Eurodollar Advance Period for such Advance is greater than three (3) months, on each three-month anniversary of such Advance. Interest on Eurodollar Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance, and (B) the applicable Interest Rate Margin in effect for Eurodollar Advances from time to time as set forth in paragraph (iii) below.

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

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On Eurodollar Advances. Interest on each Eurodollar Advance ---------------------- shall be computed on the basis of a hypothetical 360 day year for the actual number of days elapsed on the basis of a hypothetical 360-day year and shall be payable in arrears on (x) the Payment Date for such Advance, and (y) if the Eurodollar Advance Period for such Advance is greater than three (3) months, on each three-three month anniversary of such Advance. Interest on Eurodollar Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance made with respect to the Revolving Loans and the Term Loan at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance, and (B) the applicable Interest Rate Margin in effect for Eurodollar Advances from time to time as set forth in paragraph (iii) belowMargin.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

On Eurodollar Advances. Interest on each Eurodollar Advance ---------------------- shall be computed for the actual number of days elapsed on the basis of a hypothetical 360-day year for the actual number of days elapsed and shall be payable in arrears on (x) the Payment Date for such Advance, and (y) if the Eurodollar Advance Period for such Advance is greater than three (3) months, on each three-three month anniversary of such Advance. Interest on Eurodollar Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance made with respect to the Revolving Loans and the Term Loan at a rate per annum equal to the sum of (A) the Eurodollar Basis applicable to such Eurodollar Advance, and (B) the applicable Interest Rate Margin in effect for Eurodollar Advances from time to time as set forth in paragraph (iii) belowMargin.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

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On Eurodollar Advances. Interest on each Eurodollar Rate Advance ---------------------- shall be computed on the basis of a 360-day year for the actual number of days elapsed on the basis of a hypothetical 360-day year and shall be payable in arrears (i) on (x) the applicable Payment Date for such Advance, and (yii) if the Eurodollar Advance Period for such Eurodollar Advance is greater than exceeds three (3) months, on each three-every three (3) month anniversary of such Eurodollar Advance. Interest on Eurodollar Advances then outstanding shall also be due and payable on the date of any repayment made under SECTIONS 2.5, 2.6 or 2.7 and on each applicable Maturity Date. Interest shall accrue and be payable on each Eurodollar Advance at a rate per annum equal to the sum of (A) the Eurodollar Basis Rate applicable to such Eurodollar Advance, Advance and (B) the applicable Interest Rate Applicable Margin in effect for Eurodollar Advances from time to time and as more fully set forth in paragraph (iii) belowSECTION 2.3(F).

Appears in 1 contract

Samples: Credit Agreement (Spectrasite Inc)

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