Common use of Applicable Interest Rates Clause in Contracts

Applicable Interest Rates. (a) In the absence of an Event of Default or Default hereunder, and prior to maturity, the outstanding balance of the Loans will bear interest at an annual rate at all times equal to the Adjusted Term SOFR plus the Applicable Margin.

Appears in 2 contracts

Sources: Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp)

Applicable Interest Rates. (a) In the absence of an Event of Default or Default hereunder, and prior to maturity, the outstanding balance of the Loans will bear interest at an annual rate at all times equal to the Adjusted Term SOFR plus the Applicable Margin.. 2

Appears in 1 contract

Sources: Revolving Credit Agreement (World Acceptance Corp)

Applicable Interest Rates. (a) In the absence of an Event of Default or Default hereunder, and prior to maturity, the outstanding balance of the Loans will bear interest at an annual rate at all times equal to the Adjusted Term SOFR plus the Applicable Margin.

Appears in 1 contract

Sources: Revolving Credit Agreement (World Acceptance Corp)