Distribution of Interest. Interest on a LIBOR Revolving Loan during an Interest Period relating to it calculated at the rates specified in Clause 8.1 (Circumstances) or 8.2 (Applicable Interest Rate) shall be distributed by the Agent to the Lenders in proportion to the amounts which represent the cost to each Lender of funding its share of such LIBOR Revolving Loan during such Interest Period provided that any such interest which is attributable to the Applicable Margin shall be distributed by the Agent to the Lenders in proportion to their respective shares in such LIBOR Revolving Loan.
Appears in 2 contracts
Sources: Ninth Supplemental Agreement (Bell Microproducts Inc), Tenth Supplemental Agreement (Bell Microproducts Inc)
Distribution of Interest. Interest on a LIBOR Revolving Loan during an Interest Period relating to it calculated at the rates specified in Clause 8.1 (Circumstances) or 8.2 6.2 (Applicable Interest Rate) shall be distributed by the Agent to the Lenders in proportion to the amounts which represent the cost to each Lender of funding its share Participating Proportion of such LIBOR Revolving Loan during such Interest Period provided that any such interest which is attributable to the Applicable Margin shall be distributed by the Agent to the Lenders in proportion to their respective shares in Participating Proportions of such LIBOR Revolving Loan.
Appears in 1 contract
Sources: Revolving Credit Agreement (Millennium Chemicals Inc)