Swingline Loan Interest Rate Sample Clauses

Swingline Loan Interest Rate. Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swingline Loans.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
Swingline Loan Interest Rate. The Swingline Loans shall accrue interest at a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate.
Sample 1Sample 2Sample 3See All (5)
Swingline Loan Interest Rate. All Swingline Loans shall be denominated in U.S. Dollars, and accrue interest at a fluctuating rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the Daily Simple SOFR plus the SOFR Adjustment plus the Applicable Rate, such interest rate to change automatically from time to time effective as of the effective date of each change in Daily Simple SOFR. (d)
Sample 1Sample 2
Swingline Loan Interest Rate. Only the Base Rate Option applicable to Revolving Credit Loans shall apply to the Swingline Loans.
Sample 1
Swingline Loan Interest Rate. Swingline Loan advances hereunder ---------------------------- shall bear interest on a daily basis at the "Overnight Rate"; provided that if an Event of Default shall occur and be continuing, then the Swingline Loan shall bear interest at a rate of interest that is three percent (3%) per annum higher than the Overnight Rate. The "Overnight Rate" shall be whatever rate the Swingline Lender shall from time to time quote to Borrower as being the
Sample 1
Swingline Loan Interest Rate. Swingline Loan advances hereunder ---------------------------- shall bear interest on a daily basis at the "Overnight Rate"; provided that if an Event of Default shall occur and be continuing, then the Swingline Loan shall bear interest at a rate of interest that is three percent (3%) per annum higher than the Overnight Rate. The "Overnight Rate" shall be whatever rate the Swingline Lender shall from time to time quote to Borrower as being the Overnight Rate. Such rate shall be set by the Swingline Lender in its sole discretion. Such rate shall change as of any particular Business Day if the Swingline Lender notifies Borrower of the rate change by 12:00 noon on such Business Day and, if not, on the following Business Day. A change in the Overnight Rate shall apply to amounts then outstanding under the Swingline Loan as well as to future advances.
Sample 1
AutoNDA by SimpleDocs
Swingline Loan Interest Rate. Subject to Section 4.3 [Interest After Default], Swingline Loans shall bear interest at a fluctuating rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the sum of: (i) Daily Simple SOFR, (ii) plus the SOFR Adjustment applicable for one month Interest Periods, (iii) plus the Applicable Margin then applicable to Term SOFR Rate Loans, such interest rate to change automatically from time to time effective as of the effective date of each change in Daily Simple SOFR.
Sample 1

Related to Swingline Loan Interest Rate

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Swingline Loan Subfacility During the Availability Period for the Revolving Credit Facility, subject to the terms and conditions set forth herein, the Swingline Lender agrees to make certain revolving credit loans (each, a “Swingline Loan” and collectively, the “Swingline Loans”) to the Revolving Credit Borrowers in Dollars from time to time on any Business Day provided that, (a) the aggregate amount of Swingline Loans outstanding at any time shall not exceed the Swingline Committed Amount, (b) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment, (c) the Total Revolving Credit Outstandings shall not exceed the Line Cap, and (d) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Dollar Cap. Swingline Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. Notwithstanding the foregoing, the Swingline Lender shall not be required to make a Swingline Loan if any Credit Party shall have notified the Swingline Lender and the Revolving Credit Borrowers in writing at least one (1) Business Day prior to the Borrowing Date with respect to such Swingline Loan, that the conditions set forth in Section 4.02 have not been satisfied and such conditions remain unsatisfied as of the requested time of the making such Swingline Loan. Each Swingline Loan shall be due and payable in full on the earlier of (a) the Swingline Termination Date, or (b) such earlier maturity date as may be agreed to by the Swingline Lender and the Revolving Credit Borrowers. Swingline Loans may only be Adjusted Base Rate Borrowings and may not be SOFR Borrowings.

  • Swing Line Advances The Borrower shall repay to the Administrative Agent for the account of the Swing Line Bank and each other Revolving Credit Lender that has made a Swing Line Advance the outstanding principal amount of each Swing Line Advance made by each of them on the earlier of the maturity date specified in the applicable Notice of Swing Line Borrowing (which maturity shall be no later than the seventh day after the requested date of such Borrowing) and the Termination Date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!