Common use of Rate in Absence of Election Clause in Contracts

Rate in Absence of Election. Unless otherwise elected by the Borrower, each Revolving Credit Loan shall bear interest at the Base Rate plus the Applicable Margin.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Sheridan Group Inc), Revolving Credit Agreement (Sheridan Group Inc), Revolving Credit Agreement (Dingley Press, Inc.)

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Rate in Absence of Election. Unless otherwise elected by the BorrowerBorrowers, each Revolving Credit Loan shall bear interest at the Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sl Industries Inc)

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