On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative Lender, whose determination shall be controlling in the absence of manifest error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 5 contracts
Samples: Credit Agreement (Pc Service Source Inc), Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Compucom Systems Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative Lender, whose determination shall be controlling in the absence of manifest error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 4 contracts
Samples: Credit Agreement (Signature Resorts Inc), Credit Agreement (Sunterra Corp), Credit Agreement (Signature Resorts Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative Lender, whose determination shall be controlling in the absence of manifest errorconclusive, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 4 contracts
Samples: Credit Agreement (La Quinta Inns Inc), Credit Agreement (La Quinta Inns Inc), Credit Agreement (Clear Channel Communications Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative Lender, whose determination shall be controlling in the absence of manifest error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 3 contracts
Samples: Credit Agreement (Kevco Inc), Credit Agreement (Compusa Inc), Credit Agreement (Compusa Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 3 contracts
Samples: Credit Agreement (Homco Puerto Rico Inc), Credit Agreement (Kevco Inc), Credit Agreement (Kevco Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest errorconclusive, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 2 contracts
Samples: Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Ccci Capital Trust Iii)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative Lender, whose determination shall be controlling in the absence of manifest errorconclusive, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 2 contracts
Samples: Credit Agreement (Texas Industries Inc), Credit Agreement (Texas Industries Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in prima facie evidence of the absence of manifest errorLIBOR Basis, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding funding, conversion or continuation date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 2 contracts
Samples: Credit Agreement (Netcom Systems Inc), Credit Agreement (Netcom Systems Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest demonstrable error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding funding, conversion or continuation date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 2 contracts
Samples: Credit Agreement (Uk Abba Products Inc), Credit Agreement (Doskocil Manufacturing Co Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest errorconclusive, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 1 contract
On LIBOR Advances. (i) The Borrower Borrowers shall jointly and severally pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative Lender, whose determination shall be controlling in the absence of manifest errorconclusive, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower Borrowers, through the Notification Agent, and the Lenders of such LIBOR Basis.
Appears in 1 contract
On LIBOR Advances. (i) The Borrower shall pay interest on the outstanding unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest demonstrable error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.prior
Appears in 1 contract
Samples: Security Agreement (Pillowtex Corp)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 1 contract
Samples: Credit Agreement (Xircom Inc)
On LIBOR Advances. (i) The Borrower shall pay interest on the unpaid principal amount of each LIBOR Advance, from the date such Advance is made until it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid, at a rate per annum equal to the LIBOR Basis for such LIBOR Advance. The Administrative LenderAgent, whose determination shall be controlling in the absence of manifest error, shall determine the LIBOR Basis on the second Business Day prior to the applicable funding date and shall notify the Borrower and the Lenders of such LIBOR Basis.
Appears in 1 contract
Samples: Credit Agreement (Sunterra Corp)
