Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, such rate per annum shall be calculated on the basis of a 365-day year.
Appears in 2 contracts
Samples: Credit Agreement (RPM International Inc/De/), Credit Agreement (RPM International Inc/De/)
Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) , provided that, for Revolving Credit Loans made in an Optional Currency as to which market practice differs from the foregoing, in accordance with such market practice), equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, such rate per annum shall be calculated on the basis of a 365-day year.or
Appears in 2 contracts
Samples: Fourth Restatement Agreement (Glatfelter Corp), Credit Agreement (Glatfelter P H Co)
Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed, provided that, for Loans made in an Optional Currency for which a three hundred sixty five (365) day basis is the only market practice available to the Administrative Agent, such rate shall be calculated on the basis of a year of three hundred sixty five (365) days) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, such rate per annum shall be calculated on the basis of a 365-day year.
Appears in 2 contracts
Samples: Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)
Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed, provided that, for Loans made in an Optional Currency for which a 365-day basis is the only market practice available to the Administrative Agent, such rate shall be calculated on the basis of a year of 365 for the actual days elapsed) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in applicable number of basis points calculated under the case of a Revolving Credit Loan which is denominated in Canadian dollars, such rate per annum shall be calculated on the basis of a 365-day yearPricing Grid.
Appears in 1 contract
Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days days, as the case may be, and actual days elapsed) , provided that, for Revolving Credit Loans made in an Optional Currency as to which market practice differs from the foregoing, in accordance with such market practice), equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, such rate per annum shall be calculated on the basis of a 365-day year.
Appears in 1 contract
Samples: Credit Agreement (Glatfelter P H Co)
Revolving Credit Euro-Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed, provided that, for Loans made in an Optional Currency for which a 365 day basis is the only market practice available to the Agent, such rate shall be calculated on the basis of a year of 365 days, for the actual days) equal to the Euro-Rate plus the Applicable Margin; provided, however, that in the case of a Revolving Credit Loan which is denominated in Canadian dollars, such interest rate per annum shall be calculated on to change automatically from time to time effective as of the basis effective date of a 365-day yeareach change in Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Covance Inc)