Common use of Floating Rate Advances Clause in Contracts

Floating Rate Advances. During such periods as such Advance is a Floating Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (A) the applicable Floating Rate for such Interest Period for such Advance plus (B) the Applicable Margin in effect on the first day of such Interest Period plus (C) if any Floating Rate Advance is made by a Lender from its Applicable Lending Office located in the United Kingdom or a Participating Member State, the Mandatory Cost, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Floating Rate Advance shall be Converted or paid in full. Advances in respect of the Singapore Dollar Loan, the Sterling Loan, the Euro Loan, the Euro French Loan, the Australian Dollar Loan and each Supplemental Tranche Loan shall be Floating Rate Advances.