Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 18 contracts
Samples: Credit Agreement (Crocs, Inc.), Assignment and Assumption Agreement (Finish Line Inc /In/), Credit Agreement (CONSOL Energy Inc)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 5 contracts
Samples: Credit Agreement (Meridian Bioscience Inc), Credit Agreement (Meridian Bioscience Inc), Credit Agreement (DLH Holdings Corp.)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default]3.3, only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 5 contracts
Samples: Credit Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp), Intercompany Subordination Agreement (Under Armour, Inc.)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only Only the Base Rate Option applicable to Revolving Credit Loans or the Daily LIBOR Swing Loan Rate shall apply to the Swing Loans.
Appears in 2 contracts
Samples: Credit Agreement (Federated Investors Inc /Pa/), Credit Agreement (Federated Investors Inc /Pa/)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 3.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 2 contracts
Samples: Credit Agreement (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans, except as provided in Section 2.6.6 [Swing Loans Under Cash Management Agreements] with regard to Swing Loans made under any Cash Management Agreements.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 4.4 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Swing Loans shall bear interest, as agreed by the Swing Loan Bank and the Borrower, (i) at the Base Rate Option applicable to Revolving Credit Loans shall apply to Loans, or (ii) if applicable, at the Swing Loansapplicable rate set forth in any Cash Management Agreement.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default]4.3, only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 1 contract
Samples: Credit Agreement (Neogenomics Inc)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only (x) the Base Rate Option applicable to Revolving Credit Loans Loans, or (y) such other rate as is offered by the Administrative Agent in its sole discretion shall apply to the Swing Loans.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 3.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing LoansLoans (or such other rate as mutually agreed to between the Borrower and PNC.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Domestic Swing Loans, and only the Overnight Rate, plus the Applicable Margin for LIBOR Rate Loans, shall apply to the Foreign Swing Loans.
Appears in 1 contract
Samples: Credit Agreement (Om Group Inc)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate plus the Applicable MarginMargin for Loans bearing interest at the LIBOR Rate Option. Subject to Section 4.3 [Interest After Default]3.3, only either the Base Rate Option applicable to Revolving Credit Loans or such other rate mutually agreed upon by the Borrower and PNC shall apply to the each Swing LoansLoan.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 three hundred sixty (360) days and actual days elapsed) equal to the LIBOR Rate plus the Applicable Margin. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 1 contract
Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default]] and except for Swing Loans made in accordance with the provisions of Cash Management Agreements to which the LIBOR Rate Options shall apply, only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swing Loans.
Appears in 1 contract
Revolving Credit LIBOR Rate Option. A rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the LIBOR Rate as determined for each applicable Interest Period plus the Applicable Margin. Subject to Section 4.3 [Interest After Default]4.3, only the Base Rate Option applicable to Revolving Credit Loans as set forth in clause (i) above shall apply to the Swing Loans.
Appears in 1 contract
Samples: Credit Agreement (3d Systems Corp)