Payments Not at End of Interest Period. If the Borrowers for any reason make any payment of principal with respect to any Eurodollar Loan on any day other than the last day of an Interest Period applicable to such Eurodollar Loan, or fail to borrow or continue or convert to a Eurodollar Loan after giving a Notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated pursuant to Section 7.2(b), the Borrowers, jointly and severally, shall pay to the Agent, for the ratable accounts of the Lenders, an amount computed pursuant to the-following formula. L = (R - T) x P x D ---------------- 360 L = amount payable to the Agent for the ratable accounts of the Lenders R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto.
Appears in 1 contract
Samples: Credit Agreement (Brookstone Inc)
Payments Not at End of Interest Period. If the Borrowers Borrower for any reason make makes any payment of principal with respect to any Eurodollar Loan on any day other than the last day of an Interest Period applicable to such Eurodollar Loan, Loan or fail fails to borrow or continue or convert to a Eurodollar Loan after giving a Notice of Borrowing or Conversion Pursuant pursuant to Section 2.2, or if any Eurodollar Loan is accelerated pursuant to Section 7.2(b), the Borrowers, jointly and severally, Borrower shall pay to the Agent, Administrative Agent for the ratable respective accounts of the Lenders, Lenders an amount computed pursuant to the-the following formula. : L = (R - T) x P x D ---------------- --------------- 360 L = amount payable to the Administrative Agent for the ratable accounts pro rata account of the Lenders R = interest rate on the applicable Adjusted Eurodollar Rate for such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Administrative Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Administrative Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrower shall pay such amount upon presentation by the Administrative Agent of a statement setting forth the amount and the Administrative Agent's calculation thereof 24 117 pursuant hereto, which statement shall constitute prima facie evidence of the subject matter thereof.
Appears in 1 contract
Samples: Credit Agreement (Ust Inc)
Payments Not at End of Interest Period. If the Borrowers Borrower for any reason make makes any payment of principal with respect to any Eurodollar LIBOR Loan on any day other than the last day of an Interest Period applicable to such Eurodollar LIBOR Loan, including, without limitation, the payment of principal due on the Commitment Termination Date with respect to any LIBOR Loan where the Interest Period with respect to such LIBOR Loan extends beyond the Commitment Termination Date, or fail fails to borrow or continue or convert to a Eurodollar LIBOR Loan after giving a Borrowing Notice or notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated conversion pursuant to Section 7.2(b2.1(i), the Borrowerspromptly upon written notice thereof from Agent, jointly and severally, Borrower shall pay to the Agent, Agent for the ratable accounts account of the Lenders, each Lender an amount computed pursuant to the-the following formula. : L = (R - T) x P x D ---------------- --------------- 360 L = amount payable to the Agent for the ratable accounts account of the Lenders R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the AgentFNBB's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Agent FNBB on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrower shall pay such amount promptly upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Appears in 1 contract
Samples: Warehousing Credit Agreement (Leasing Solutions Inc)
Payments Not at End of Interest Period. If the Borrowers for any -------------------------------------- reason make any payment of principal with respect to any Eurodollar LIBOR Loan on any day other than the last day of an Interest Period applicable to such Eurodollar LIBOR Loan, or fail to borrow or continue or convert to a Eurodollar LIBOR Loan after giving a Notice of Borrowing or Conversion Pursuant pursuant to Section 2.2, or if any Eurodollar LIBOR Loan is accelerated pursuant to Section 7.2(b), the Borrowers, jointly and severally, shall pay to the Agent, for the ratable accounts of the Lenders, an amount computed pursuant to the-the following formula. L = (R - T) x P x D ---------------- -------------- 360 L = amount payable to the Agent for the ratable accounts of the Lenders R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrowers shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto.
Appears in 1 contract
Samples: Credit Agreement (Brookstone Inc)
Payments Not at End of Interest Period. If the Borrowers -------------------------------------- for any reason make any payment of principal with respect to any Eurodollar LIBOR Rate Loan on any day other than the last day of an the Interest Period applicable to such Eurodollar LIBOR Rate Loan, including without limitation by reason of acceleration, or fail to borrow or continue or convert to a Eurodollar LIBOR Rate Loan after giving electing a Notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated LIBOR Pricing Option with respect thereto pursuant to Section 7.2(b)2.5, the Borrowers, jointly and severally, shall pay to the Agent, for the ratable accounts of the LendersBank, an amount computed pursuant to the-the following formula. : L = (R - T) x P x D ---------------- --------------- 360 L = amount payable to the Agent for the ratable accounts of the Lenders Bank R = the effective rate of interest rate on such LIBOR Rate Loan T = the effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at in the AgentBank's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent Bank on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrowers shall pay such amount upon presentation by the Agent Bank of a statement setting forth the amount and the AgentBank's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Appears in 1 contract
Payments Not at End of Interest Period. If the Borrowers for any -------------------------------------- reason make any payment of principal with respect to any Eurodollar Loan on any day other than the last day of an Interest Period applicable to such Eurodollar Loan, or fail to borrow or continue or convert to a Eurodollar Loan after giving a Notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated pursuant to Section 7.2(b), the Borrowers, jointly and severally, shall pay to the Agent, for the ratable accounts of the Lenders, an amount computed pursuant to the-the following formula. L = (R - T) x P x D ---------------- --------------- 360 L = amount payable to the Agent for the ratable accounts of the Lenders R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto.
Appears in 1 contract
Samples: Credit Agreement (Brookstone Inc)
Payments Not at End of Interest Period. If the Borrowers for any reason make any payment of principal with respect to any Eurodollar Loan on any day other than the last day of an Interest Period applicable to such Eurodollar Loan, or fail to borrow or continue or convert to a Eurodollar Loan after giving a Notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated pursuant to Section 7.2(b)2.4, the Borrowers, jointly and severally, Borrowers shall pay to the Agent, Administrative Agent for the ratable respective accounts of the Lenders, Banks an amount computed pursuant to the-the following formula. : L = (R - T) x X P x X D ---------------- --------------- 360 L = amount payable to the Administrative Agent for the ratable accounts of the Lenders Banks R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Administrative Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Administrative Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrowers shall pay such amount upon presentation by the Administrative Agent of a statement setting forth the amount and the Administrative Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Appears in 1 contract
Payments Not at End of Interest Period. If the Borrowers Borrower for any reason make makes any payment of principal with respect to any Eurodollar LIBOR Loan on any day other than the last day of an Interest Period applicable to such Eurodollar LIBOR Loan, or fail fails to borrow or continue or convert to a Eurodollar LIBOR Loan after giving a Notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated pursuant to Section 7.2(b)2.4, the Borrowers, jointly and severally, Borrower shall pay to the Agent, Administrative Agent for the ratable respective accounts of the Lenders, Banks an amount computed pursuant to the-the following formula. : L = (R - T) x P x D ---------------- --------------- 360 L = amount payable to the Administrative Agent for the ratable accounts of the Lenders Banks R = interest rate on such Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at the Administrative Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such Loan and in approximately the same amount as such Loan can be purchased by the Administrative Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrower shall pay such amount upon presentation by the Administrative Agent of a statement setting forth the amount and the Administrative Agent's calculation thereof (in reasonable detail) pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mac-Gray Corp)
Payments Not at End of Interest Period. If the Borrowers a Borrower for any reason make makes any payment of principal with respect to any Eurodollar LIBOR Rate Loan on any day other than the last day of an the Interest Period applicable to such Eurodollar LIBOR Rate Loan, including without limitation by reason of acceleration, or fail fails to borrow or continue or convert to a Eurodollar LIBOR Rate Loan after giving electing a Notice of Borrowing or Conversion Pursuant to Section 2.2, or if any Eurodollar Loan is accelerated LIBOR Pricing Option with respect thereto pursuant to Section 7.2(b)2.2(a) or 2.8, the Borrowers, jointly and severally, shall pay to the Agent, for the ratable accounts account of the LendersBanks, an amount computed pursuant to the-the following formula. : L = (R - T) x X P x X D ---------------- --------------- 360 L = amount payable to the Agent for the ratable accounts of the Lenders R = interest rate on such LIBOR Rate Loan T = effective interest rate per annum at which any readily marketable bond or other obligation of the United States, selected at in the Agent's sole discretion, maturing on or near the last day of the then applicable Interest Period of such LIBOR Rate Loan and in approximately the same amount as such LIBOR Rate Loan can be purchased by the Agent on the day of such payment of principal or failure to borrow or continue or convert P = the amount of principal prepaid or the amount of the requested LIBOR Rate Loan D = the number of days remaining in the Interest Period as of the date of such payment or the number of days of the requested Interest Period The Borrowers, jointly and severally, Borrowers shall pay such amount upon presentation by the Agent of a statement setting forth the amount and the Agent's calculation thereof pursuant hereto, which statement shall be deemed true and correct absent manifest error.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Uno Restaurant Corp)