Common use of On Eurodollar Advances Clause in Contracts

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 and shall be payable in arrears (i) on the applicable Payment Date for such Advance, and (ii) if the Eurodollar Advance Period for such Eurodollar Advance exceeds three (3) months, on 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 Rate applicable to such Eurodollar Advance and (B) the Applicable Margin in effect from time to time and as more fully set forth in SECTION 2.3(F).

Appears in 1 contract

Samples: Credit Agreement (Spectrasite Inc)

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On Eurodollar Advances. Interest on each Eurodollar Rate Advance shall be computed on the basis of a 360-hypothetical 360 day year for the actual number of days elapsed and shall be payable in arrears on (ix) on the applicable Payment Date for such Advance, and (iiy) if the Eurodollar Advance Period for such Eurodollar Advance exceeds is greater than three (3) months, on every each 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 made with respect to the Revolving Loans and the Term Loan at a rate per annum equal to the sum of (A) the Eurodollar Rate Basis applicable to such Eurodollar Advance Advance, and (B) the Applicable Margin in effect from time to time and as more fully set forth in SECTION 2.3(F)applicable Interest Rate Margin.

Appears in 1 contract

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

On Eurodollar Advances. Interest on each Eurodollar Rate Advance shall be computed on the basis of a hypothetical 360-day year for the actual number of days elapsed and shall be payable in arrears on (ix) on the applicable Payment Date for such Advance, and (iiy) if the Eurodollar Advance Period for such Eurodollar Advance exceeds is greater than three (3) months, on every each 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 made with respect to the Revolving Loans and the Term Loan at a rate per annum equal to the sum of (A) the Eurodollar Rate Basis applicable to such Eurodollar Advance Advance, and (B) the Applicable Margin in effect from time to time and as more fully set forth in SECTION 2.3(F)applicable Interest Rate Margin.

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 on (ix) on the applicable Payment Date for such Advance, and (iiy) if the Eurodollar Advance Period for such Eurodollar Advance exceeds is greater than three (3) months, on every three (3) each three-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 Rate Basis applicable to such Eurodollar Advance Advance, and (B) the Applicable applicable Interest Rate Margin in effect for Eurodollar Advances from time to time and as more fully set forth in SECTION 2.3(F)paragraph (iii) below.

Appears in 1 contract

Samples: Zenith Electronics Corp

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