Common use of Rates and Payment of Interest Clause in Contracts

Rates and Payment of Interest. (a) From and following the Closing Date, depending upon Borrower Agent's election from time to time, subject to the terms hereof, to have portions of the Loans accrue interest determined by reference to the Prime Rate or Term SOFR, the Loans and the other Obligations shall bear interest at the applicable rates set forth below:

Appears in 3 contracts

Samples: Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.)

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Rates and Payment of Interest. (a) From and following the Closing Date, depending upon Borrower Agent's election from time to time, subject to the terms hereof, to have portions of the Loans accrue interest determined by reference to the Prime Rate or LIBOR Rate Term SOFR, the Loans and the other Obligations shall bear interest at the applicable rates set forth below:

Appears in 1 contract

Samples: Loan and Security Agreement (Rocky Brands, Inc.)

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Rates and Payment of Interest. (a) From and following the Closing Date, depending upon Borrower Agent's election from time to time, subject to the terms hereof, to have portions of the Loans accrue interest determined by reference to the Prime Rate or Term SOFRthe LIBOR Rate, the Loans and the other Obligations shall bear interest at the applicable rates set forth below:

Appears in 1 contract

Samples: Loan and Security Agreement (Rocky Brands, Inc.)

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