Overnight Eurocurrency Rate Advances Sample Clauses

Overnight Eurocurrency Rate Advances. During such periods as such Advance is an Overnight Eurocurrency Rate Advance, a rate per annum equal at all times to the sum of (A) the Overnight Eurocurrency Rate in effect from time to time plus (B) the Applicable Margin in effect from time to time with respect to such Advance, payable quarterly in arrears on the first Business Day following each Fiscal Quarter during such periods and upon repayment of such Advance.

Overnight Eurocurrency Rate Advances. For each Overnight Eurocurrency Rate Advance, a rate per annum equal at all times to the sum of (x) the Overnight Eurocurrency Rate in effect from time to time plus (y) the Applicable Margin applicable to Eurocurrency Rate Advances in effect from time to time, payable in arrears on the date such Overnight Eurocurrency Rate Advance shall be paid in full; provided that the Agent may, upon the request of the Majority Lenders, require that such Borrower pay interest (“Swing Line Default Interest”) on any principal amount of any Swing Line Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the greater of (x) 2% per annum above the Base Rate in effect from time to time plus the Applicable Margin and (y) 2% per annum above the rate per annum required to be paid on such amount immediately prior to the date on which such amount became due; provided, however, that following the making of the request or the granting of the consent specified by Section 6.01 to authorize the Agent to declare the Advances due and payable pursuant to the provisions of Section 6.01, and upon acceleration of the Advances, Swing Line Default Interest shall accrue and be payable hereunder whether or not previously required by the Majority Lenders.