Floating Rate. The principal balance of the Revolving Advances shall bear interest at the Floating Rate unless the Borrower elects a LIBO Rate pursuant to Section 5.2, subject, however, to imposition of the default rate pursuant to Section 5.3.
Appears in 4 contracts
Sources: Five Year Credit Agreement (3m Co), Five Year Credit Agreement (3m Co), Credit Agreement (3m Co)
Floating Rate. The principal balance of the Revolving Advances denominated in Dollars shall bear interest at the Floating Rate unless the Borrower elects a LIBO Rate pursuant to Section 5.2, subject, however, to imposition of the default rate pursuant to Section 5.3.
Appears in 3 contracts
Sources: 364 Day Credit Agreement (3m Co), 364 Day Credit Agreement (3m Co), Five Year Credit Agreement (3m Co)
Floating Rate. The principal balance of the Revolving Advances denominated in Dollars shall bear interest at the Floating Rate unless the Borrower elects a LIBO Rate pursuant to Section 5.2, subject, however, to imposition of the default rate pursuant to Section 5.3.
Appears in 1 contract
Sources: Five Year Credit Agreement (3m Co)