Common use of Prime Rate Loans Clause in Contracts

Prime Rate Loans. During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to time, payable quarterly, in arrears, on each Quarterly Payment Date and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).

Appears in 4 contracts

Samples: Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc)

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Prime Rate Loans. During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal at all times to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to time, payable quarterly, in arrears, on each Quarterly Payment Date and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc)

Prime Rate Loans. During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal at all times to the sum of the Prime Rate in effect from time to time Rate, plus the Applicable Prime Rate Percentage in effect from time to time, payable quarterly, in arrears, on the last day of each Quarterly Payment Date Accrual Period and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Shiloh Industries Inc)

Prime Rate Loans. During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to time, payable quarterly, in arrears, on each Quarterly Payment Date (including, on December 31, 2009, any accrued and unpaid interest on “Prime Rate Loans” under the Existing Credit Agreement) and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

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Prime Rate Loans. During such periods as a Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal at all times to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to timeRate, payable quarterly, in arrears, on the last day of each Quarterly Payment Date and on the date such Prime Rate Loan shall be converted or paid in full calendar quarter and at maturity (whether by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit and Security Agreement (Morgan Group Inc)

Prime Rate Loans. During such periods as a ---------------- Revolving Credit Loan is a Prime Rate Loan, a rate per annum equal at all times to the sum of the Prime Rate in effect from time to time plus the Applicable Prime Rate Percentage in effect from time to timeRate, payable quarterly, in arrears, on the last day of each Quarterly Payment Date calendar quarter and on the date such Prime Rate Loan shall be converted or paid in full and at maturity (whether by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Shiloh Industries Inc)

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