Calculation of interest – Term SOFR Loans. The rate of interest on each Term SOFR Loan for an Interest Period is the percentage rate per annum which is the aggregate of the applicable: (a) Margin; and (b) Term SOFR Reference Rate.
Appears in 3 contracts
Sources: Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)
Calculation of interest – Term SOFR Loans. The rate of interest on each Term SOFR Loan for an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(a) Margin; and
(b) Term SOFR Reference Rate.
Appears in 3 contracts
Sources: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Ardmore Shipping Corp)
Calculation of interest – Term SOFR Loans. The rate of interest on each Term SOFR Loan for an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(a) Margin;
(b) Reference Rate; and
(bc) Term SOFR Reference RateCredit Adjustment Spread.
Appears in 1 contract
Calculation of interest – Term SOFR Loans. The rate of interest on each Term SOFR Loan for any day during an Interest Period is the percentage rate per annum which is the aggregate of the applicable:
(a) Margin; and;
(b) Term SOFR Reference RateRate for that day; and
(c) Credit Adjustment Spread.
Appears in 1 contract