Swingline Interest and Payments. The interest rate for the Swingline Interest Period applicable to each Swingline Loan shall be a rate negotiated between the Swingline Lender and the Borrower and shall be set forth in the applicable Swingline Borrowing Request signed by the Borrower and the Bank or such other acknowledgment as the Swingline Lender and the Borrower shall agree. Each Swingline Loan shall be paid by the Borrower or re-funded by the Lenders in accordance with Section 2.7(d) on the last day of the Swingline Interest Period appurtenant to such Swingline Loan. All accrued and unpaid interest on each Swingline Loan shall be due and payable in full on the Interest Payment Date for such Swingline Loan.
Appears in 4 contracts
Samples: Credit Agreement (Urstadt Biddle Properties Inc), Credit Agreement (Urstadt Biddle Properties Inc), Credit Agreement (Urstadt Biddle Properties Inc)
