Common use of Payments Not at End of Interest Period Clause in Contracts

Payments Not at End of Interest Period. If the Borrower for any reason 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 or fails to borrow continue or convert to a Eurodollar Loan after giving a Notice of Borrowing or Conversion pursuant to Section 2.2, the Borrower shall pay to the Administrative Agent for the respective accounts of the Lenders an amount computed pursuant to the following formula: L = (R - T) x P x D --------------- 360 L = amount payable to Administrative Agent for the pro rata account of the Lenders R = 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 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: Agreement (Ust Inc)

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Payments Not at End of Interest Period. If the Borrower Borrowers -------------------------------------- for any reason makes 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 Loan LIBOR Rate Loan, including without limitation by reason of acceleration, or fails fail to borrow continue or convert to a Eurodollar LIBOR Rate Loan after giving electing a Notice of Borrowing or Conversion LIBOR Pricing Option with respect thereto pursuant to Section 2.22.5, the Borrower Borrowers, jointly and severally, shall pay to the Administrative Agent for the respective accounts of the Lenders Bank, an amount computed pursuant to the following formula: L = (R - T) x P x D --------------- 360 L = amount payable to Administrative Agent for the pro rata account of the Lenders Bank R = the applicable Adjusted Eurodollar effective rate of interest on such LIBOR Rate for such 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 Administrative 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 Administrative 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 Borrower Borrowers shall pay such amount upon presentation by the Administrative Agent Bank of a statement setting forth the amount and the Administrative AgentBank's calculation thereof 24 117 pursuant hereto, which statement shall constitute prima facie evidence of the subject matter thereofbe deemed true and correct absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Specialty Catalog Corp)

Payments Not at End of Interest Period. If the Borrower Borrowers for any -------------------------------------- reason makes 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 Loan LIBOR Loan, or fails fail 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 LIBOR Loan is accelerated pursuant to Section 7.2(b), the Borrower Borrowers, jointly and severally, shall pay to the Administrative Agent Agent, for the respective ratable accounts of the Lenders Lenders, an amount computed pursuant to the following formula: . L = (R - T) x P x D --------------- -------------- 360 L = amount payable to Administrative the Agent for the pro rata account ratable accounts of the Lenders R = the applicable Adjusted Eurodollar Rate for 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 Borrower 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 24 117 pursuant hereto, which statement shall constitute prima facie evidence of the subject matter thereof.

Appears in 1 contract

Samples: Credit Agreement (Brookstone Inc)

Payments Not at End of Interest Period. If the a Borrower for any reason 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 Loan LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow continue or convert to a Eurodollar LIBOR Rate Loan after giving electing a Notice of Borrowing or Conversion LIBOR Pricing Option with respect thereto pursuant to Section 2.22.2(a) or 2.8, the Borrower Borrowers, jointly and severally, shall pay to the Administrative Agent Agent, for the respective accounts account of the Lenders Banks, an amount computed pursuant to the following formula: L = (R - T) x X P x X D --------------- 360 L = amount payable to Administrative the Agent for the pro rata account of the Lenders R = the applicable Adjusted Eurodollar interest rate on such LIBOR 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 in the Administrative 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 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 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 Borrower 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 24 117 pursuant hereto, which statement shall constitute prima facie evidence of the subject matter thereofbe deemed true and correct absent manifest error.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Uno Restaurant Corp)

Payments Not at End of Interest Period. If the Borrower Borrowers for any reason makes 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 Loan, or fails fail 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 Borrower Borrowers, jointly and severally, shall pay to the Administrative Agent Agent, for the respective ratable 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 Administrative the Agent for the pro rata account ratable accounts of the Lenders R = the applicable Adjusted Eurodollar Rate for 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 Borrower Borrowers, jointly and severally, 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 (Brookstone Inc)

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Payments Not at End of Interest Period. If the Borrower Borrowers for any -------------------------------------- reason makes 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 Loan, or fails fail 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 Borrower Borrowers, jointly and severally, shall pay to the Administrative Agent Agent, for the respective ratable accounts of the Lenders Lenders, an amount computed pursuant to the following formula: . L = (R - T) x P x D --------------- 360 L = amount payable to Administrative the Agent for the pro rata account ratable accounts of the Lenders R = the applicable Adjusted Eurodollar Rate for 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 Borrower Borrowers, jointly and severally, 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 (Brookstone Inc)

Payments Not at End of Interest Period. If the Borrower for any reason 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 Loan LIBOR Rate Loan, including without limitation by reason of acceleration, or fails to borrow continue or convert to a Eurodollar LIBOR Rate Loan after giving electing a Notice of Borrowing or Conversion LIBOR Pricing Option with respect thereto pursuant to Section 2.22.2(a) or 2.6, the Borrower shall pay to the Administrative Agent Agent, for the respective accounts account of the Lenders Banks, an amount computed pursuant to the following formula: L = (R - T) x P x D --------------- R-T)xPxD ---------- 360 L = amount payable to Administrative the Agent for the pro rata account of the Lenders R = the applicable Adjusted Eurodollar interest rate on such LIBOR 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 in the Administrative 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 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 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 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 thereofbe deemed true and correct absent manifest error.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Uno Restaurant Corp)

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