Common use of Interest Rates and Payment Dates Clause in Contracts

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 6 contracts

Sources: Credit Agreement (Air Lease Corp), Fourth Amendment and Extension Agreement (Air Lease Corp), Third Amendment and Extension Agreement (Air Lease Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate then applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 5 contracts

Sources: Credit Agreement (Tw Telecom Inc.), Amendment and Restatement Agreement (Tw Telecom Inc.), Credit Agreement (Time Warner Telecom Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a with respect to Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Loans. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable Margin with respect to such LoanABR Loans. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwiseotherwise (as determined after giving effect to any grace periods applicable to the payment thereof)), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest interest, fees or other amounts payable on any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwiseotherwise (as determined after giving effect to any grace periods applicable to the payment thereof)), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 5 contracts

Sources: 364 Day Term Loan Agreement (Xcel Energy Inc), 364 Day Term Loan Agreement (Xcel Energy Inc), Term Loan Agreement (Xcel Energy Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Margin. Interest in respect of Eurodollar Loan Loans shall bear interest at accrue from and including the Eurodollar Rate for the first day of an Interest Period in effect for to but excluding the last day of such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Interest Period. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate EURIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Fixed EURIBOR Rate applicable determined for such Interest Period plus the Applicable Margin. Interest in respect of EURIBOR Loans shall accrue from and including the first day of an Interest Period to but excluding the last day of such LoanInterest Period. (id) If all or a portion of (i) the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.10 plus 2% or (y) in the case of any overdue interest, commitment fee or other amount, the rate then applicable to ABR Loans described in Section 2.10(b) plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.10(d) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 5 contracts

Sources: 364 Day Credit Agreement (Ibm Credit LLC), 364 Day Credit Agreement (International Business Machines Corp), 364 Day Credit Agreement (Ibm Credit LLC)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 4 contracts

Sources: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period as in effect for from time to time during such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Interest Period. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate from time to time plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable Margin as in effect from time to such Loantime. (ic) If all Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default under Section 7(a) or a portion of 7(f), at any time after the date on which any principal amount of any Loan or Reimbursement Obligation shall not be paid when is due and payable (whether at on the stated maturitymaturity date therefor, by upon acceleration or otherwise), or after any other monetary Obligation of the Borrower or any other Loan Party shall have become due and payable, and, in each case, for so long as such overdue amount Obligation remains unpaid, the Borrower shall bear pay, but only to the extent permitted by law, interest (after as well as before judgment) on such unpaid overdue amounts at a rate per annum equal to (xa) in the case of the Loansoverdue principal on any Loan, the rate of interest that otherwise would otherwise be applicable thereto pursuant to the foregoing provisions of this Section such Loan plus 2% or per annum and (yb) in the case of Reimbursement overdue interest, fees, and other monetary Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)% per annum. (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by demand. (e) The provisions of this Section 2.9 (and the Administrative Agentinterest rates applicable to various extensions of credit hereunder) shall be subject to modification as expressly provided in Section 2.27 hereof.

Appears in 4 contracts

Sources: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar (x) Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted Term SOFR Rate determined for such day Interest Period plus the Applicable Margin and (provided that any Competitive Loan that is a Eurodollar y) Daily Simple SOFR Loan shall bear interest for each day at a rate per annum equal to the Eurodollar Rate for Adjusted Daily Simple SOFR plus the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.16 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, per annum and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount Facility Fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%Loans, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that interest accruing pursuant to paragraph (cSection 2.16(c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand. (e) All interest hereunder shall be paid in Dollars.

Appears in 4 contracts

Sources: 364 Day Revolving Credit Agreement (General Motors Co), 364 Day Revolving Credit Agreement (General Motors Financial Company, Inc.), 364 Day Revolving Credit Agreement (General Motors Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided it being understood that any Competitive Loan that is a Eurodollar Loan shall Loans bear interest at from and including the Eurodollar Rate for the first day of each Interest Period in effect for to but not including the last day of such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such LoanInterest Period). (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.12 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 4 contracts

Sources: Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co), Credit Agreement (Nebraska Book Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee, letter of credit fee, or any other fee payable (excluding any expenses or other amount payable indemnity) hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) . Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (PG&E Corp), Credit Agreement (PG&E Corp), Credit Agreement (PACIFIC GAS & ELECTRIC Co)

Interest Rates and Payment Dates. (a) (i) Each Eurodollar Eurocurrency Loan other than a Eurocurrency Loan that is a Tranche B Term Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin Margin, and (provided that any Competitive ii) each Eurocurrency Loan that is a Eurodollar Tranche B Term Loan shall bear interest at the Eurodollar Rate for the each day during each Interest Period in effect with respect thereto at a rate per annum equal to (A) (1) prior to the third anniversary of the Closing Date, the greater of (x) the Eurocurrency Rate determined for such Competitive Borrowing day and (y) 3.00% and (2) thereafter, the Eurocurrency Rate determined for such day plus (or minus, as applicableB) the Margin applicable to such Loan)Applicable Margin. (bi) Each ABR Loan other than an ABR Loan that is a Tranche B Term Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate , and (ii) each ABR Loan that is a Tranche B Term Loan shall bear interest at a rate per annum equal to (A) (1) prior to the Fixed Rate applicable to such Loanthird anniversary of the Closing Date, the greater of (x) ABR and (y) 4.00% and (2) thereafter, ABR plus (B) the Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.15 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).; provided that no amount shall be payable pursuant to this Section 2.15(c) to a Defaulting Lender so long as such Lender shall be a Defaulting Lender; provided further no amounts shall accrue pursuant to this Section 2.15(c) on any overdue Loan, Reimbursement Obligation, commitment fee or other amount payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section 2.15 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Booz Allen Hamilton Holding Corp), Credit Agreement (Booz Allen Hamilton Holding Corp), Credit Agreement (Booz Allen Hamilton Holding Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a for Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Loans. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Margin for ABR Loans. (c) Each Fixed Rate Swingline Loan (other than an ABR Loan) shall bear interest at the Fixed Rate applicable to such Loanrate set forth in Section 2.3(a). (id) If all Upon the occurrence and during the continuance of any Event of Default under Sections 7(a) or a portion 7(f), or (at the election of the principal amount Required Lenders) upon the occurrence and during the continuance of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityother Event of Default, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case all outstanding principal amounts of the LoansLoans and, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in greatest extent permitted by law, all interest accrued on the case of Reimbursement ObligationsLoans and all other accrued and outstanding fees and other amounts hereunder, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the interest rate then applicable from time to time thereafter to such Loans (whether the ABR Loans plus the Applicable Margin or the Eurodollar Rate plus the Applicable Margin) plus 2% (or, in the case of interest, fees and other amounts for which no rate is provided hereunder, at the ABR (plus the Applicable Margin) plus 2%), and, in each case, with respect such default interest shall be payable on demand. To the greatest extent permitted by law, interest shall continue to clauses (i) and (ii) above, from accrue after the date filing by or against the Borrower of such non-payment until such amount is paid any petition seeking any relief in full (as well after as before judgment)bankruptcy or under any law pertaining to insolvency or debtor relief. (de) Interest in respect of all Revolving Loans and all Swingline Loans shall be payable in arrears on each Interest Payment Date. Notwithstanding the foregoing, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Nicor Inc), Credit Agreement (Agl Resources Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of each Eurodollar Revolving Credit Loan and Eurodollar Term Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin and (ii) in the case of each Eurodollar Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus (or minus, as the case may be) the Margin offered by the Lender making such Loan and accepted by the Borrower pursuant to Section 2.3. (c) Each Fixed Rate Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable fixed rate of interest offered by the Lender making such Loan and accepted by the Borrower pursuant to such LoanSection 2.3. (d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (e) of this Section 2.9 shall be payable from time to time on demand. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 21% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, 1% and (ii) to the extent permitted under applicable law, if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 21%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 3 contracts

Sources: Competitive Advance and Revolving Credit Agreement (Tegna Inc), Competitive Advance and Revolving Credit Agreement (Tegna Inc), Competitive Advance and Revolving Credit Agreement (Tegna Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Revolving Credit Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is equal to (x) in the case of the Revolving Credit Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus 2%, and (ii) if all or a portion of any interest payable on any Revolving Credit Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (ba) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such all outstanding overdue amount Loans and Reimbursement Obligations shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 22.0% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 22.0%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2.0% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (dc) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (WEB.COM Group, Inc.), Credit Agreement (WEB.COM Group, Inc.), Credit Agreement (WEB.COM Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee, letter of credit fee, or any other fee payable (excluding any expenses or other amount payable indemnity) hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (PACIFIC GAS & ELECTRIC Co), Credit Agreement (Pg&e Corp), Credit Agreement (Pg&e Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityStated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.14 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturityStated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.14 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (SunCoke Energy Partners, L.P.), Credit Agreement (SunCoke Energy, Inc.), Credit Agreement (SunCoke Energy, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Yankee Finance, Inc.), First Lien Credit Agreement (Vertrue Inc), Credit Agreement (Yankee Holding Corp.)

Interest Rates and Payment Dates. (a) Each Eurodollar LIBO Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar LIBO Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall automatically bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation, any facility principal amount of Reimbursement Obligation, any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, at the request of the Administrative Agent or Required Lenders, bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of Reimbursement Obligations, the rate applicable to Base Rate Loans under the Revolving Facility plus 2% and in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Allison Transmission Holdings Inc), Credit Agreement (Allison Transmission Holdings Inc), Credit Agreement (Allison Transmission Holdings Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand demand. (e) In the event that, following the First Amendment Effective Date, (i) any Non-Extending Tranche B Term Lender (a “Modifying Non-Extending Tranche B Term Lender”) shall agree to amend or refinance any Non-Extended Tranche B Term Loans and the effect of such amendment or refinancing is to extend the maturity date applicable thereto or to increase the pricing applicable thereto (such amended Non-Extended Tranche B Term Loans and such loans incurred to refinance such Non-Extended Tranche B Term Loans, “Modified Non-Extended Tranche B Term Loans”) and (ii) the interest rate margin in respect of such Modified Non-Extended Tranche B Term Loans (after giving effect to OID or upfront fees paid to all of the Modifying Non-Extending Tranche B Term Lenders in connection therewith but excluding any customary arrangement, commitment or other similar fees payable to one or more arrangers (or their affiliates) in connection therewith) (with fees and OID being equated to interest rate in a manner determined by the Administrative AgentAgent based on a four-year life to maturity) exceeds by more than 50 basis points the sum of (1) the Applicable Margin for the Extended Tranche B Term Loans that is in effect on the date of such extension, and (2) the upfront fees paid to all of the Extending Tranche B Term Lenders in respect of the Extended Tranche B Term Loans, which shall be equated to interest rate based on a four-year life to maturity, then, if the maturity date of such Modified Non-Extended Tranche B Term Loans is not at least one year later than the Extended Tranche B Term Loan Maturity Date, the Applicable Margin for such Extended Tranche B Term Loans shall be increased so that the interest rate margin in respect of such Modified Non-Extended Tranche B Term Loans (after giving effect to any OID issued or such upfront fees paid to all of the Modifying Non-Extending Tranche B Term Lenders in connection therewith as set forth above) is no greater than the sum of (1) the Applicable Margin for such Extended Tranche B Term Loans that is in effect on the date of such extension, (2) the OID or upfront fees paid to all of the Extending Tranche B Term Lenders in respect of the Extended Tranche B Term Loans and (3) 50 basis points.

Appears in 3 contracts

Sources: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of each Eurodollar Revolving Credit Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin and (ii) in the case of each Eurodollar Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus (or minus, as the case may be) the Margin offered by the Lender making such Loan and accepted by Gannett pursuant to Section 2.3. (c) Each Fixed Rate Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable fixed rate of interest offered by the Lender making such Loan and accepted by Gannett pursuant to such LoanSection 2.3. (d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (e) of this Section 2.9 shall be payable from time to time on demand. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 21% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) to the extent permitted under applicable law, if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 21%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 3 contracts

Sources: Competitive Advance and Revolving Credit Agreement (Gannett Co Inc /De/), Competitive Advance and Revolving Credit Agreement (Gannett Co Inc /De/), Competitive Advance and Revolving Credit Agreement (Gannett Co Inc /De/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (CalAtlantic Group, Inc.), Credit Agreement (Standard Pacific Corp /De/), Credit Agreement (Standard Pacific Corp /De/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by of the Administrative Agent.

Appears in 3 contracts

Sources: Revolving Credit and Term Loan Agreement (Medical Properties Trust Inc), Revolving Credit and Term Loan Agreement (Medical Properties Trust Inc), Revolving Credit and Term Loan Agreement (Medical Properties Trust Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, % and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment) (such increased rate, in each case, as applicable, the “Default Rate”). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.)

Interest Rates and Payment Dates. (a) Each Revolving Loan that is a Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Revolving Loan Applicable Margin (provided that any Competitive Margin. Each Initial Term Loan that is a Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate for the Interest Period in effect determined for such Competitive Borrowing day plus (or minus, as applicable) the Margin applicable to such Loan)Initial Term Loan Applicable Margin. (b) Each Revolving Loan that is an ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Revolving Loan Applicable Margin. Each Fixed Rate Initial Term Loan that is an ABR Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable ABR plus the Initial Term Loan Applicable Margin. (c) Each Swingline Loan shall bear interest at a rate per annum equal to such Loanthe ABR plus the Revolving Loan Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to to, (y) in the case of Revolving Loans, the rate then applicable to Revolving Loans that are ABR Loans plus 2% (unless such overdue amount is denominated in a Foreign Currency, in which case such overdue amount shall bear interest of a rate per annum equal to the highest rate then applicable under this Agreement to Multicurrency Loans denominated in such Foreign Currency plus 2%), (x) in the case of Initial Term Loans, the rate then applicable to Initial Term Loans that are ABR Loans plus 2%, in each case and (z) in the case of Incremental Term Loans, the rate then applicable to Incremental Term Loans that are ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 3 contracts

Sources: Credit Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc), Credit Agreement (Synopsys Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand demand. (e) Each Swingline Loan shall bear interest at rate per annum equal to the ABR plus the Applicable Margin or such other rate as may be from time to time determined by mutual agreement between the Administrative AgentSwingline Lender and the Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Universal Health Services Inc), Credit Agreement (Universal Health Services Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a for Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Loans. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Margin for ABR Loans. (c) Each Fixed Rate Swingline Loan (other than an ABR Loan) shall bear interest at the Fixed Rate applicable to such Loanrate set forth in Section 2.3(a). (id) If all Upon the occurrence and during the continuance of any Event of Default under Sections 8(a) or a portion 8(f), or (at the election of the principal amount Required Lenders) upon the occurrence and during the continuance of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityother Event of Default, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case all outstanding principal amounts of the LoansLoans and, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in greatest extent permitted by law, all interest accrued on the case of Reimbursement ObligationsLoans and all other accrued and outstanding fees and other amounts hereunder, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the interest rate then applicable from time to time thereafter to such Loans (whether the ABR Loans plus the Applicable Margin or the Eurodollar Rate plus the Applicable Margin) plus 2% (or, in the case of interest, fees and other amounts for which no rate is provided hereunder, at the ABR (plus the Applicable Margin) plus 2%), and, in each case, with respect such default interest shall be payable on demand. To the greatest extent permitted by law, interest shall continue to clauses (i) and (ii) above, from accrue after the date filing by or against the Borrower of such non-payment until such amount is paid any petition seeking any relief in full (as well after as before judgment)bankruptcy or under any law pertaining to insolvency or debtor relief. (de) Interest in respect of all Revolving Loans and all Swingline Loans shall be payable in arrears on each Interest Payment Date. Notwithstanding the foregoing, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Agl Resources Inc), Credit Agreement (Agl Resources Inc)

Interest Rates and Payment Dates. (a) Subject to Section 2.10(c), Each Eurodollar SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate Adjusted Term SOFR for the Interest Period in effect for such Competitive Borrowing therefor plus (or minus, as applicable) the Margin applicable to such Loan)Applicable Margin. (b) Subject to Section 2.10(c), Each ABR Loan (including any Swingline Loan) shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (ic) If all or a portion During the continuance of an Event of Default, at the request of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityRequired Lenders, by acceleration or otherwise), such overdue amount all outstanding Obligations shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 22.00% or (y) in the case and all Letters of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder Credit Fees shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest accrue at a rate per annum equal to the rate then that would otherwise be applicable thereto plus 2.00% (collectively, the “Default Rate”); provided that the Default Rate shall apply to ABR all outstanding Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from Letter of Credit Fees automatically and without any Required Lender consent therefor upon the date occurrence and during the continuance of such non-payment until such amount is paid in full (as well after as before judgment)any Event of Default arising under a Specified Event of Default. (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that (x) interest accruing pursuant to paragraph (cSection 2.10(c) of this Section shall be payable from time to time on demand by and (y) in the Administrative Agentevent of any conversion of any SOFR Loan prior to the end of the Interest Period therefor, accrued interest on such SOFR Loan and any amounts owing pursuant to Section 2.16 shall be payable on the effective date of such conversion.

Appears in 2 contracts

Sources: Senior Secured Revolving Credit Agreement (Pagaya Technologies Ltd.), First Amendment (Pagaya Technologies Ltd.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest on the outstanding principal amount thereof for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest on the outstanding principal amount thereof for each day on which it is a Base Rate Loan from the applicable borrowing date at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and (without limiting Section 3.11) all Reimbursement Obligations shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 4.5(a) or (b), as applicable, plus 2% per annum or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans under the Revolving Facility plus 2%% per annum, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2%% per annum (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Facility plus 2% per annum), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section 4.5 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Innophos, Inc.), Credit Agreement (Innophos Investment Holdings, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Margin. Each Loan that is denominated in an Alternative Currency shall be a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Eurocurrency Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of (x) any interest payable on any Loan or Reimbursement Obligation, (y) any facility fee Commitment Fee or (z) any other amount payable hereunder or under any other Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.14(c) of this Section shall be payable from time to time on demand by demand. (e) Interest on each Loan shall be payable in the Administrative Agentcurrency in which each Loan was made.

Appears in 2 contracts

Sources: Credit Agreement (Clarivate Analytics PLC), Credit Agreement (Clarivate Analytics PLC)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Protection One Alarm Monitoring Inc), Credit Agreement (Protection One Alarm Monitoring Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)day. (b) Each ABR Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the ABR Alternate Base Rate for such day plus the Applicable Margin. Margin in effect for such day. (c) Each Fixed Rate Multicurrency Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Fixed applicable Eurocurrency Rate applicable to plus the Applicable Margin in effect for such Loanday. (d) Each Money Market Rate Swing Line Loan shall bear interest during the interest period applicable thereto at a rate per annum equal to the applicable Money Market Rate; provided, that any Money Market Rate Swing Line Loan in which lenders purchase participating interests pursuant to the last sentence of subsection 3.5(a) shall, from and after the date of such purchase, bear interest until the end of the interest period applicable thereto at a rate per annum equal to the higher of (i) 2% above the Money Market Rate applicable thereto and (ii) 2% above the ABR. (e) If all or a portion of (i) the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this subsection plus 2% or, if higher, in the case of amounts required to be paid in U.S. Dollars, the rate described in paragraph (b) of this subsection plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Revolving Credit and Guarantee Agreement (Case Corp), Revolving Credit and Guarantee Agreement (Case Credit Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate Tranche B-1 Loan shall bear interest for each day during any month in which such Tranche B-1 Loan is outstanding at a rate per annum equal to the Fixed Tranche B-1 Eurodollar Rate applicable in effect for such month plus the Applicable Margin, subject to such LoanSection 2.4(f). (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount amounts shall bear interest at a rate per annum equal to (x) in the case of the Loansoverdue amounts in respect of any Loan, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of overdue amounts in respect of any Reimbursement ObligationsObligation, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Tenneco Inc), Credit Agreement (Tenneco Automotive Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate Swingline Loan (other than an ABR Loan) shall bear interest at the Fixed Rate applicable to such Loanrate agreed between the Borrower and the Swingline Lender as provided in Section 2.3(a). (i) If all or a portion of the principal amount of any Revolving Loan, Swingline Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan Revolving Loan, Swingline Loan, or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest in respect of all Revolving Loans and all Swingline Loans outstanding as ABR Loans shall be payable in arrears on each Interest Payment Date. Interest in respect of all Swingline Loans (other than ABR Loans) shall be payable in arrears on the last day of the respective interest period applicable to such Swingline Loan as agreed between the Borrower and the Swingline Lender pursuant to Section 2.3(a). Notwithstanding the foregoing, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Agl Resources Inc), Credit Agreement (Agl Resources Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal The Loans outstanding hereunder from time to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan time shall bear interest at a rate per annum equal to either (i) with respect to a Eurodollar Loan, the Eurodollar Rate determined for the applicable Interest Period plus the Applicable Percentage or (ii) with respect to an ABR Loan, the ABR plus the Applicable Margin. Each Fixed Rate Loan Percentage, as selected by the Borrower in accordance with the provisions hereof; provided, however, (A) upon delivery by the Agent of the notice described in Section 2.9(c), the Loans of each of the Lenders shall bear interest at the Fixed Rate ABR plus the Applicable Percentage applicable from time to time from and after the dates and during the periods specified in Section 2.9(c), (B) upon the delivery by a Lender of the notice described in Section 11.3(f) of the Participation Agreement, the Loans of such LoanLender shall bear interest at the ABR plus the Applicable Percentage applicable from time to time from and after the dates and during the periods specified in Section 11.3(f) of the Participation Agreement and (C) in such other circumstances as expressly provided herein, the Loans shall bear interest at the ABR plus the Applicable Percentage. (ib) If all or a portion of (i) the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to which is the lesser of (x) the then current rate then applicable to ABR Loans of interest respecting such payment plus two percent (2%) and (y) the highest interest rate permitted by applicable law, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (as well whether after as or before judgment). (dc) Interest shall be payable in arrears on each the applicable Scheduled Interest Payment Date, provided provided, that (i) interest accruing pursuant to paragraph (cb) of this Section 2.8 shall be payable from time to time on demand and (ii) each prepayment of the Loans shall be accompanied by accrued interest to the Administrative Agentdate of such prepayment on the amount prepaid.

Appears in 2 contracts

Sources: Credit Agreement (Rf Micro Devices Inc), Credit Agreement (Rf Micro Devices Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Term Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day (i) Adjusted Term SOFR plus (ii) the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (ic) If all or a portion During the continuance of an Event of Default, at the request of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityRequired Lenders, by acceleration or otherwise), such overdue amount all outstanding Term Loans and other Obligations hereunder shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 2(x) with respect to any Event of Default under Section 9.1(a), 3.00% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses any other Event of Default, 2.00% (ithe “Default Rate”); provided that the Default Rate shall apply automatically and without the request of the Required Lenders therefor upon the occurrence and during the continuance of any Event of Default arising under Section 9.1(a) and or (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgmentf). (d) In computing interest on the Term Loan, the date of the making of such Term Loan or the first day of an Interest Period applicable to such Term Loan or, with respect to the Term Loan, the last Interest Payment Date with respect to such Term Loan or, with respect to an ABR Loan being converted from a SOFR Loan, the date of conversion of such SOFR Loan to such ABR Loan, as the case may be, shall be included, and the date of payment of such Term Loan or the expiration date of an Interest Period applicable to such Term Loan or, with respect to an ABR Loan being converted to a SOFR Loan, the date of conversion of such ABR Loan to such SOFR Loan, as the case may be, shall be excluded. Interest shall be payable in arrears on each Interest Payment Date, Date in cash; provided that interest accruing pursuant to paragraph (cSection 2.9(c) of this Section shall be payable from time to time on demand by written demand. All interest hereunder on any Term Loan shall be computed on a daily basis based upon the outstanding principal amount of such Term Loan as of the applicable date of determination. (e) In connection with the use or administration of Term SOFR, the Administrative AgentAgent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

Appears in 2 contracts

Sources: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.14 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.14 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Armored AutoGroup Inc.), Credit Agreement (Metavante Technologies, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the sum of (i) the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicableii) the Margin applicable to such Loan)4.00% per annum. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR sum of (i) the Base Rate plus the Applicable Margin. (ii) 3.00% per annum. (c) Each Fixed Rate Term Loan also shall bear accrue additional interest at the Fixed Rate applicable to such Loana rate of 14% per annum. (i) If all or a portion of the principal amount of any Term Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Term Loans (whether or not overdue) shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 22.0%, and (ii) if all or a portion of any interest payable on any Term Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 22.0%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (di) Interest accruing pursuant to paragraphs (a) and (b) above shall be payable by the Borrower in cash in arrears on each Interest Payment Date, provided that ; (ii) interest accruing pursuant to paragraph (c) above shall be calculated on the outstanding principal amount of this Section the Term Loans on a weighted average daily basis and shall be payable by the Borrower in arrears on each Interest Payment Date by increasing the outstanding principal amount of the Term Loans by the amount of such interest due on a pro rata basis based on the Lenders' outstanding Term Loans immediately prior to such interest payment and (iii) interest accruing pursuant to paragraph (d) above shall be payable in cash from time to time on demand demand. (f) Notwithstanding anything to the contrary set forth in this Section 2.15, if a court of competent jurisdiction determines in a final order that the rate of interest payable hereunder exceeds the highest rate of interest permissible under law (the "Maximum Lawful Rate"), then so long as the Maximum Lawful Rate would be so exceeded, the rate of interest payable hereunder shall be equal to the Maximum Lawful Rate; provided, however, that if at any time thereafter the rate of interest payable hereunder is less than the Maximum Lawful Rate, Borrower shall continue to pay interest hereunder at the Maximum Lawful Rate until such time as the total interest received by the Administrative AgentLenders is equal to the total interest which would have been received had the interest rate payable hereunder been (but for the operation of this paragraph) the interest rate payable since the Closing Date as otherwise provided in this Agreement. Thereafter, interest hereunder shall be paid at the rate(s) of interest and in the manner provided in Sections 2.15(a) through (e) above, unless and until the rate of interest again exceeds the Maximum Lawful Rate, and at that time this paragraph shall again apply. In no event shall the total interest received by the Lenders pursuant to the terms hereof exceed the amount which the Lenders could lawfully have received had the interest due hereunder been calculated for the full term hereof at the Maximum Lawful Rate. If the Maximum Lawful Rate is calculated pursuant to this paragraph, such interest shall be calculated at a daily rate equal to the Maximum Lawful Rate divided by the number of days in the year in which such calculation is made. If, notwithstanding the provisions of this Section 2.15(f), a court of competent jurisdiction shall finally determine that the Lenders have received interest hereunder in excess of the Maximum Lawful Rate, the Lenders shall refund any excess to Borrower or as a court of competent jurisdiction may otherwise order.

Appears in 2 contracts

Sources: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted Term SOFR Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate RFR Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable to such LoanAdjusted Daily Simple SOFR plus the Applicable Margin. (d) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus two percent (2% %) or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus two percent (2%), and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), after giving effect to any applicable grace period, such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus two percent (2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full. (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section 2.11 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Credit Agreement (Meritage Homes CORP), Credit Agreement (Meritage Homes CORP)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.10 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.10 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Tesoro Petroleum Corp /New/), 364 Day Revolving Credit Agreement (Tesoro Petroleum Corp /New/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a for Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Loans. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such LoanMargin for ABR Loans. (ic) If all [Reserved]. (d) Upon the occurrence and during the continuance of any Event of Default under Sections 8(a) or a portion 8(f), or (at the election of the principal amount Required Lenders) upon the occurrence and during the continuance of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityother Event of Default, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case all outstanding principal amounts of the LoansLoans and, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in greatest extent permitted by law, all interest accrued on the case of Reimbursement ObligationsLoans and all other accrued and outstanding fees and other amounts hereunder, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the interest rate then applicable from time to time thereafter to such Loans (whether the ABR Loans plus the Applicable Margin or the Eurodollar Rate plus the Applicable Margin) plus 2% (or, in the case of interest, fees and other amounts for which no rate is provided hereunder, at the ABR (plus the Applicable Margin) plus 2%), and, in each case, with respect such default interest shall be payable on demand. To the greatest extent permitted by law, interest shall continue to clauses (i) and (ii) above, from accrue after the date filing by or against the Borrower of such non-payment until such amount is paid any petition seeking any relief in full (as well after as before judgment)bankruptcy or under any law pertaining to insolvency or debtor relief. (de) Interest in respect of all Loans shall be payable in arrears on each Interest Payment Date. Notwithstanding the foregoing, provided that interest accruing pursuant to paragraph (cd) of this Section 2.12 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 2 contracts

Sources: Bridge Term Loan Credit Agreement (Agl Resources Inc), Term Loan Credit Agreement (Agl Resources Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Base Rate Loan shall bear interest for each day at a rate per annum equal to the Base Rate plus the Applicable Margin. (b) Each Term SOFR Loan shall bear interest during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate Term SOFR determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (bc) Each ABR Daily Simple SOFR Loan shall bear interest at a rate per annum equal to the ABR Daily Simple SOFR plus the Applicable Margin. . (d) Each Fixed Rate Swing Line Loan shall bear interest at a rate per annum equal to the Fixed Base Rate applicable to such Loanplus the Applicable Margin for the Revolving Facility. (i) If all or a portion of the principal amount of or interest on any Loan or Reimbursement Obligation shall not be paid when due and payable (whether at the stated maturity, by acceleration or otherwiseotherwise and after giving effect to any grace or cure periods applicable thereto), such overdue amount amounts shall bear interest at a rate per annum equal to (x) in the case of the Loansoverdue amounts in respect of any Loan, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility interest, commitment fee or other amount payable hereunder shall not be paid when due and payable (whether at the stated maturity, by acceleration or otherwiseotherwise and after giving effect to any grace or cure periods applicable thereto), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Revolving Credit Facility (Taboola.com Ltd.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR Federal Funds Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all any principal of or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable by the Borrower hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR the Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, % from the date of such non-payment until such amount is paid in full (as well after as before judgment)) and (ii) if any Eligible Assets referred to in the last sentence of Section 2.2(b) are not pledged prior to the close of the DTC free pledge process on the same day as the Pledged Eligible Assets Notice relating to such Eligible Assets, if an Event of Default specified in Section 8 (c)(ii) shall occur and be continuing, the portion of the Borrowing Base A Loans then outstanding not covered by the Loan Value of the Pledged Eligible Assets shall bear interest at a rate per annum equal to the rate then applicable to the Loans plus 2%. (dc) Interest shall be payable in arrears on each Interest Payment Date, provided that (i) interest accruing pursuant to paragraph (cb) of this Section shall be payable from time to time on demand by and (ii) in the Administrative Agentevent of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment.

Appears in 1 contract

Sources: Credit Agreement (Investment Technology Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan . (c) At the option of, with respect to either Revolving Facility, the Majority Facility Lenders with respect to such Revolving Facility or, with respect to the Term Facility, the Majority Facility Lenders with respect to the Term Facility (which option shall be deemed exercised automatically if an Event of Default specified in clause (i) or (ii) of paragraph (f) of Section VIII has occurred with respect to any Borrower), if any Event of Default shall occur and be continuing, all outstanding Loans and Reimbursement Obligations (whether or not overdue) under the relevant Facility or Facilities shall bear interest at the Fixed Rate applicable to during such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest continuance at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving B Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (American Skiing Co /Me)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Agreed Rate Loan shall bear interest at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the Fixed relevant Agreed Rate applicable to such Loanplus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement ObligationsObligations in Dollars, the rate applicable to ABR Loans plus 2%% or, in the case of Reimbursement Obligations in any currency other than Dollars, at the Alternate Currency Overnight Rate plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% or, in the case of amounts determined in any currency other than Dollars, at the Alternate Currency Overnight Rate plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (First Solar, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency -------------------------------- Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If at any time an Event of Default shall have occurred and be continuing, all or a portion of the principal amount of any Loan or outstanding Loans and Reimbursement Obligation shall not be paid when due Obligations (whether at the stated maturity, by acceleration or otherwise), such overdue amount not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of ---- Reimbursement Obligations, the rate applicable to ABR Alternate Base Rate Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any ---- interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Alternate Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such ---- other amounts that do not relate to a particular Facility, the rate then applicable to Alternate Base Rate Loans under the Revolving Facility plus 2%), ---- in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this thi -------- Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Act Manufacturing Inc)

Interest Rates and Payment Dates. (a) Each ABR Loan shall -------------------------------- bear interest at a rate per annum equal to the ABR. (b) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin. (c) Each C/D Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the C/D Rate determined for such day plus the Applicable Margin Margin. (provided that any Competitive Loan that is a Eurodollar d) Each Bid Loan shall bear interest at the Eurodollar Rate for the Interest Period as provided in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)subsection 2.18. (be) Each ABR Uncommitted Swing Line Loan shall bear interest as provided in subsection 2.19; provided that upon any Bank acquiring a participation or a direct interest in such Uncommitted Swing Line Loan pursuant to subsection 2.19(e), such Uncommitted Swing Line Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such LoanABR. (if) If all or a portion of (i) the principal amount of any Loan or Reimbursement Obligation (ii) any interest payable thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to which is (x) in the case of the Loansoverdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of Reimbursement Obligationsoverdue interest, the rate applicable to ABR Loans plus 2%, and described in paragraph (iia) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans this subsection plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (as well after as before judgment). (dg) Interest on each Revolving Credit Loan and each Swing Line Loan shall be payable in arrears on each Interest Payment Date, provided that -------- interest accruing pursuant to paragraph (cf) of this Section subsection shall be payable from time to time on demand by demand. Interest on each Bid Loan shall be payable as set forth in the Administrative Agentapplicable Bid Note.

Appears in 1 contract

Sources: Revolving Credit Agreement (First Data Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest on the outstanding principal amount thereof (inclusive of any interest capitalized pursuant to Section 3.5(e)) for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest on the outstanding principal amount thereof (inclusive of any interest capitalized pursuant to Section 3.5(e)) at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a any portion of the principal amount of any Loan or Reimbursement Obligation (inclusive of any interest capitalized pursuant to Section 3.5(e)) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount (inclusive of any interest capitalized pursuant to Section 3.5(e)) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or (inclusive of any facility fee interest payable on any interest capitalized pursuant to Section 3.5(e)) or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). In addition, during the continuance of a Default or Event of Default, all Obligations (whether or not overdue) shall bear interest at the rates(s) specified in the preceding sentence. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 3.5 shall be payable from time to time on demand demand. (e) Notwithstanding the foregoing, at such times as no Default or Event of Default shall have occurred and be continuing, at the election of the Borrower by written notice to the Administrative AgentAgent not less than three Business Days prior to the applicable Interest Payment Date, any interest payable in excess of (i) the Eurodollar Rate plus 4.00%, in the case of Eurodollar Loans, or (ii) the Base Rate plus 3.00%, in case of Base Rate Loans, shall be capitalized and added to the principal amount of the Loan to which such interest relates. Any such amount so capitalized shall bear interest as provided in Section 3.5 and shall be payable as provided in Section 2.3 and Section 3.2. (f) The Applicable Margin on all Loans shall increase by 3.00% above the amount otherwise payable hereunder in the event that Holdings fails to file, on or before June 30, 2005, an S-1 registration statement for an offering of common stock of Holdings to yield net proceeds of at least $150,000,000, which registration statement contains all financial statements required by applicable rules and regulations and are presented in accordance with US GAAP, and such increased Applicable Margin shall continue to apply up to, but not including, the date on which such filing occurs.

Appears in 1 contract

Sources: Bridge Loan Credit Agreement (CKX, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided it being understood that any Competitive Loan that is a Eurodollar Loan shall Loans bear interest at from and including the Eurodollar Rate for the first day of each Interest Period in effect for to but not including the last day of such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such LoanInterest Period). (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (c) Upon the occurrence and during the continuation of an Event of Default, (i) If all or a portion of the principal amount of any Loan or outstanding Loans and Reimbursement Obligation shall not be paid when due Obligations (whether at the stated maturity, by acceleration or otherwise), such overdue amount not overdue) shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus 2%, (ii) the Letter of Credit commission payable pursuant to Section 3.3(a) shall be increased by 2% and (iiiii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), ) such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.12 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Secured Superpriority Debtor in Possession Credit Agreement (NBC Acquisition Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the sum of the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the sum of ABR plus the Applicable ABR Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (ic) If all or a portion of (i) the principal amount of any Loan or any Reimbursement Obligation shall not be paid when due (whether at the stated maturityObligation, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, commitment fee or other amount, the rate then applicable to ABR Loans described in subsection 6.6(b) plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (csubsection 6.6(c) of this Section shall be payable from time to time on demand demand. (e) If any Reference Lender shall resign as such, such Reference Lender shall thereupon cease to be a Reference Lender, and the Borrower and the Administrative Agent (after consultation with the Lenders) shall, by notice to the Lenders, designate another Lender as a Reference Lender so that there shall at all times be at least two Reference Lenders. (f) Each Reference Lender shall use its best efforts to furnish quotations of rates to the Administrative Agent as contemplated hereby. If a Reference Lender shall be unable or shall otherwise fail to supply such rates to the Administrative Agent upon its request, the rate of interest shall be determined on the basis of the quotations of the remaining Reference Lenders or Reference Lender. (g) Upon delivery of the Level Determination Certificate by the Administrative AgentBorrower to the Agents pursuant to subsection 9.2(c), the Applicable Eurodollar Margin and the Applicable ABR Margin shall automatically be adjusted in accordance with the (Credit Agreement) Funded Debt Ratio in effect as determined by such Level Determination Certificate, such adjustment to become effective on the next succeeding Business Day after the receipt by the Agents of such Level Determination Certificate; PROVIDED that if a Level Determination Certificate is not delivered at the time required pursuant to subsection 9.2(c), the Applicable ABR Margin shall be 0.0% per annum and the Applicable Eurodollar Margin shall be 1.250% per annum, from such time until delivery of such Level Determination Certificate; PROVIDED FURTHER that if a Level Determination Certificate erroneously indicates margin more favorable to the Borrower than should be afforded by the actual calculation of the Funded Debt Ratio, the Borrower shall promptly pay additional interest, commitment fees and letter of credit fees to correct for such error.

Appears in 1 contract

Sources: Credit Agreement (Playtex Products Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Agreed Rate Loan shall bear interest at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the Fixed relevant Agreed Rate applicable to such Loanplus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement ObligationsObligations in Dollars, the rate applicable to ABR Loans plus 2%% or, in the case of Reimbursement Obligations in any currency other than Dollars, at the Alternate Currency Overnight Rate plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% or, in the case of amounts determined in any currency other than Dollars, at the Alternate Currency Overnight Rate plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (First Solar, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for applicable to such day Eurodollar Loan plus the Applicable Margin (provided that any Competitive Loan that is a with respect to Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period Loans in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)day. (b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable Margin. Each Fixed Margin with respect to Base Rate Loan shall bear interest at the Fixed Rate applicable to Loans in effect for such Loanday. (c) [Reserved] (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue)(to the extent legally permitted) shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans (including the Applicable Margin) plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans (including the Applicable Margin) plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (after as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Northwestern Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate for such Eurodollar Loan determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. . (c) Each Fixed Rate Cost of Funds Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable to such LoanCost of Funds plus the Applicable Margin. (id) If all or a portion of the principal amount of any Each Daily Overdraft Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (xi) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section Prime Rate plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if a rate per annum equal to the Applicable Margin then in effect with respect to the Eurodollar Loans. (e) If all or a portion of (i) any principal of any Revolving Credit Loan (including any Cost of Funds Loans) or any Reimbursement Obligation, (ii) any interest payable on thereon, or (iii) any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue portion and any such overdue interest or other amount shall bear interest at a rate per annum equal to (A) the rate then that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section 4.2 plus (B) 2%, in each case, with respect to clauses (i) and (ii) above, % from the date of such non-payment until such overdue principal, interest or other amount is paid in full (after as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Cheniere Energy Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan (including each Overdraft Advance) shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.13 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in the case of Eurodollar Loans and ABR Loans in arrears on each related Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.13 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (CSC Parent Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans under the Revolving Credit Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Sba Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan (other than Competitive Loans) shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (c) Each Money Market Loan shall bear interest at a rate per annum equal to the Money Market Rate applicable thereto plus the Applicable Margin. (d) Each Competitive Loan (other than a Fixed Rate Loan) shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus (or minus, as applicable) the Margin applicable thereto. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loanthereto. (ie) If all or a portion of (i) the principal amount of any Revolving Credit Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityCompetitive Loan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal (except as otherwise specified in clause (y) below), the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.6 plus 3% or (y) in the case of any overdue principal with respect to Money Market Loans or any overdue interest, fee or other amount, the rate then applicable to ABR Loans described in Section 2.6(b) plus 23%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until to the date on which such amount is paid in full (as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.6(e) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Kimco Realty Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan that is a Revolving Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin (provided for Eurodollar Loans that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)are Revolving Loans. (b) Each Eurodollar Loan under the Term B Loan shall bear interest for each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus 3.25%. (c) Each ABR Loan that is a Revolving Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such LoanMargin for ABR Loans that are Revolving Loans. (id) If all or a portion of Each ABR Loan under the principal amount of any Term B Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 22.25%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest If any amount payable by the Company under any Credit Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Requirements of Law. Furthermore, upon the request of the Required Lenders, while any Event of Default exists, the Company shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Requirements of Law. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentupon demand.

Appears in 1 contract

Sources: Credit Agreement (Hercules Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility undrawn fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (MSC Industrial Direct Co Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (MSC Industrial Direct Co Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day Interest Period plus the Applicable Margin Margin. (provided that any b) Each Eurocurrency Competitive Loan that is a Eurodollar Loan shall bear interest at a rate per annum equal to the Eurodollar Eurocurrency Rate for the Interest Period in effect for applicable to such Competitive Borrowing Loan plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (bc) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (d) Each Fixed Rate Loan shall bear interest at the Fixed Rate fixed rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.16 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, per annum and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount Facility Fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%Loans, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that interest accruing pursuant to paragraph (cSection 2.16(e) of this Section shall be payable from time to time on demand by the Administrative Agentdemand. (g) [Reserved]. (h) All interest hereunder shall be paid in Dollars.

Appears in 1 contract

Sources: 364 Day Revolving Credit Agreement (General Motors Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan Margin or, in the case of Swingline Loans, such lower rate per annum as shall bear interest at be quoted to the Fixed Rate applicable to such LoanBorrower by the Swingline Lender in its sole discretion in connection with the borrowings thereof. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount Loans and Reimbursement Obligations shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.11 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to Table of Contents clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.11 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Hilfiger Tommy Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided it being understood that any Competitive Loan that is a Eurodollar Loan shall Loans bear interest at from and including the Eurodollar Rate for the first day of each Interest Period in effect for to but not including the last day of such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such LoanInterest Period). (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or 49 44 not overdue) shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.15 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans under the Revolving Credit Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.15 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (NBC Acquisition Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar EurodollarTerm Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar EurodollarAdjusted Term SOFR Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate RFR Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable to such LoanAdjusted Daily Simple SOFR plus the Applicable Margin. (d) (c) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus two percent (2% %) or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus two percent (2%), and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), after giving effect to any applicable grace period, such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus two percent (2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment)full. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Meritage Homes CORP)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)day. (b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to Margin in effect for such Loanday. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Term Loan Facility until the effective date of the Revolving Credit Supplement, and thereafter, the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Infinity Property & Casualty Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted LIBO Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Margin. Each Euro Loan shall bear interest at the Eurodollar Rate for the each day during each Interest Period in effect with respect thereto at a rate per annum equal to the Adjusted EURIBO Rate determined for such Competitive Borrowing day plus (or minus, as applicable) the Margin applicable to such Loan)Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.16 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.16 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Doane Pet Care Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Percentage. (b) Each ABR Base Rate Loan (other than the Swing Line Loans) shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Percentage. (c) Each Swing Line Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus one-half of one percent (.50%). (d) If an Event of Default shall have occurred and be continuing, (i) the Applicable Margin. Each Fixed Rate Loan outstanding principal of the Loans and Reimbursement Obligations shall bear interest at a per annum rate equal to two percent (2%) plus the Fixed Rate rate of interest otherwise applicable to such Loan. Loans or Reimbursement Obligations pursuant to this Agreement and (iii) If all or a portion any overdue amount under this Agreement and the other Loan Documents (other than principal of the principal amount of any Loan Loans or Reimbursement Obligation shall not be paid when due (whether at Obligations, but including interest, fees and expenses) shall, to the stated maturityextent permitted by applicable law, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to two percent (x2%) in the case of the Loans, plus the rate of interest for Revolving Credit Loans that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)are Base Rate Loans. (de) Interest shall be payable in arrears on each Interest Payment DateDate and on the Revolving Credit Termination Date (in the case of Revolving Credit Loans and Swing Line Loans) and the date of the final installment of principal (in the case of Term Loans), provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Juno Lighting Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day Interest Period plus the Applicable Margin Margin. (provided that any b) Each Eurocurrency Competitive Loan that is a Eurodollar Loan shall bear interest at a rate per annum equal to the Eurodollar Eurocurrency Rate for the Interest Period in effect for applicable to such Competitive Borrowing Loan plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (bc) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (d) Each Fixed Rate Loan shall bear interest at the Fixed Rate fixed rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.16 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, per annum and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount Facility Fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%Loans, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (cSection 2.16(e) of this Section shall be payable from time to time on demand by the Administrative Agentdemand. (g) [Reserved]. (h) All interest hereunder shall be paid in Dollars.

Appears in 1 contract

Sources: Revolving Credit Agreement (General Motors Co)

Interest Rates and Payment Dates. (a) Each ABR Loan shall bear interest for the period from and including the date thereof until maturity or conversion on the unpaid principal amount thereof at a fluctuating rate per annum equal to the Alternate Base Rate. (b) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin Margin. (provided that any Competitive Loan that is a Eurodollar c) Each CD Rate Loan shall bear interest at the Eurodollar Rate for the each Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) with respect thereto on the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest unpaid principal amount thereof at a rate per annum equal to the ABR Adjusted CD Rate for such Interest Period plus the Applicable Margin. . (d) Each Fixed Rate Competitive Loan shall bear interest for each day from the applicable Borrowing Date to (but excluding) the applicable Competitive Loan Maturity Date at the Fixed Rate applicable to rate of interest specified in the Competitive Loan Offer accepted by the Company in connection with such Competitive Loan. (ie) If all or a portion of the principal amount of any Loan of the Eurodollar Loans or Reimbursement Obligation CD Rate Loans shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), each such overdue Eurodollar Loan or CD Rate Loan shall be converted to an ABR Loan at the end of the last applicable Interest Period therefor for which the Administrative Agent shall have determined, on or prior to the date such unpaid principal amount shall bear interest at became due, a rate per annum equal to (x) in Eurodollar Rate or an Adjusted CD Rate, as the case may be. Any overdue principal amount of the Loansany Loan and, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligationsextent permitted by law, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder thereon which shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the due date of such non-thereof until payment until such amount is paid in full thereof (as well after as before judgment).as (df) Interest payable under subsection 3.1(a), 3.1(b), 3.1(c) or 3.1(d) shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c. Interest payable under subsection 3.1(e) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Panhandle Eastern Corp Et Al)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Revolving Loan, Term Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Revolving Loan, Term Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest in respect of all Loans shall be payable in arrears on each Interest Payment Date. Notwithstanding the foregoing, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Agl Resources Inc)

Interest Rates and Payment Dates. 509265-1918-Active.20125323.120125323.6 (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of each Eurodollar Revolving Credit Loan and Eurodollar Term Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin and (ii) in the case of each Eurodollar Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus (or minus, as the case may be) the Margin offered by the Lender making such Loan and accepted by the Borrower pursuant to Section 2.3. (c) Each Fixed Rate Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable fixed rate of interest offered by the Lender making such Loan and accepted by the Borrower pursuant to such LoanSection 2.3. (d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (e) of this Section 2.9 shall be payable from time to time on demand. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 21% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, 1% and (ii) to the extent permitted under applicable law, if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 21%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Competitive Advance and Revolving Credit Agreement (Tegna Inc)

Interest Rates and Payment Dates. (ai) Each Eurodollar LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar LIBOR Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Margin. Each ABR Loan shall bear interest at a rate per annum equal to the ABR in effect from time to time plus the Applicable Margin. Each Fixed Rate With respect to any Loan, from and after the Effective Date, and until the day prior to the date of delivery by the Borrower of the Compliance Certificate for the first fiscal quarter of 2007 (the “Adjustment Date”) pursuant to Section 6.2(a) hereof, the Applicable Margin with respect to any ABR Loan or Swing Line Loan shall bear interest at be zero percent (0.0%) per annum and the Fixed Rate applicable Applicable Margin with respect to such any LIBOR Loan shall be one and one-half (1.50%) percent per annum and, on and after the Adjustment Date, the Applicable Margin shall be, with respect to any Loan, a percentage, per annum, determined by reference to the Consolidated Leverage Ratio in effect from time to time as set forth in the definition of Applicable Margin on Annex A hereto. Adjustments, if any, to the Applicable Margin for all Loans shall be implemented quarterly on a prospective basis commencing on the required date of delivery by the Borrower to the Administrative Agent of the initial Compliance Certificate (as provided above) and any subsequent Compliance Certificate required by Section 6.2(a) of this Agreement, evidencing the basis for an adjustment thereto. (iii) (x) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or and (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR the Loans plus 2%, in each case, with respect to clauses (ix) and (iiy) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Senior Credit Agreement (AerCap Holdings N.V.)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement ObligationsObligations in Dollars, the rate applicable to ABR Loans plus 2%% or, in the case of Reimbursement Obligations in any currency other than Dollars, at the Alternate Currency Overnight Rate plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% or, in the case of amounts determined in any currency other than Dollars, at the Alternate Currency Overnight Rate plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (First Solar, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan Loan, including each Swingline Loan, shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (c) At the election of the Required Lenders, upon the occurrence and during the continuance of an Event of Default, (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated state maturity, by acceleration or otherwise), such overdue amount ) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.11 plus 2% or (y) in the case of Reimbursement ObligationsObligations in respect of an L/C Disbursement, a rate equal to the rate applicable to sum of (A) ABR plus (B) the Applicable Margin for Revolving Loans that are ABR Loans plus in each case 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount ) shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Radiation Therapy Services Holdings, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Eurocurrency Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such LoanABR. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or utilization fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% (unless such overdue amount is denominated in a Foreign Currency, in which case such overdue amount shall bear interest of a rate per annum equal to the highest rate then applicable under this Agreement to Foreign Currency Loans denominated in such Foreign Currency plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (before as well as after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.demand. < 21

Appears in 1 contract

Sources: Credit Agreement (Thermo Electron Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus PLUS 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus PLUS 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus PLUS 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Montgomery Open Mri LLC)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest on the outstanding principal amount thereof (inclusive of any interest capitalized pursuant to Section 3.5(e)) for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest on the outstanding principal amount thereof (inclusive of any interest capitalized pursuant to Section 3.5(e)) at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a any portion of the principal amount of any Loan or Reimbursement Obligation (inclusive of any interest capitalized pursuant to Section 3.5(e)) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount (inclusive of any interest capitalized pursuant to Section 3.5(e)) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or (inclusive of any facility fee interest payable on any interest capitalized pursuant to Section 3.5(e)) or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). In addition, during the continuance of a Default or Event of Default, all Obligations (whether or not overdue) shall bear interest at the rates(s) specified in the preceding sentence. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 3.5 shall be payable from time to time on demand demand. (e) Notwithstanding the foregoing, at such times as no Default or Event of Default shall have occurred and be continuing, at the election of the Borrower by written notice to the Administrative AgentAgent not less than three Business Days prior to the applicable Interest Payment Date, any interest payable in excess of (i) the Eurodollar Rate plus 4.00%, in the case of Eurodollar Loans, or (ii) the Base Rate plus 3.00%, in case of Base Rate Loans, shall be capitalized and added to the principal amount of the Loan to which such interest relates. Any such amount so capitalized shall bear interest as provided in Section 3.5 and shall be payable as provided in Section 2.3 and Section 3.2.

Appears in 1 contract

Sources: Bridge Loan Credit Agreement (CKX, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan).Margin.  (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility undrawn fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment).. 35 (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (MSC Industrial Direct Co Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus plus, in the case of Eurocurrency Loans denominated in Dollars, the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Three-Year Revolving Loans which are ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (A) the rate then applicable to Three-Year Revolving Loans (or 364-Day Revolving Loans, as the case may be) which are ABR Loans plus 2%, in the case of amounts that are owing in Dollars, or (B)(I) the Eurocurrency Rate in respect of the relevant Foreign Currency plus (II) 2%, in the case of amounts owing that are denominated in Foreign Currencies, in each case, case with respect to clauses (i) and (ii) above, above from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Pennzoil Quaker State Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans under the Revolving Credit Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Salton Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)[Reserved]. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.15 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 22.00%, and (ii) if all or a portion of any interest payable on any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2%2.00% , in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (after as well after as before judgment); provided, that no amount shall be payable pursuant to this Section 2.15(c) to a Defaulting Lender so long as such Lender shall be a Defaulting Lender; provided, further, that no amounts shall accrue pursuant to this Section 2.15(c) on any overdue Loan, commitment fee or other amount payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender. (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section 2.15 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Super Priority Senior Secured Debtor in Possession Asset Based Revolving Credit Agreement (Revlon Consumer Products Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus PLUS 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus under the Revolving Facility PLUS 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus under the relevant Facility PLUS 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Facility PLUS 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Dames & Moore Group)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan that is a Multicurrency Loan or a Domestic Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day Interest Period plus the Applicable Margin Margin. (provided that any b) Each Eurocurrency Competitive Loan that is a Eurodollar Loan shall bear interest at a rate per annum equal to the Eurodollar Eurocurrency Rate for the Interest Period in effect for applicable to such Competitive Borrowing Loan plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (bc) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (d) Each Fixed Rate Loan shall bear interest at the Fixed Rate fixed rate applicable to such Loan. (e) [Reserved]. 509265-1725-14038-Active.16362140 (i) If all or a portion of the principal amount of any Loan (other than any Brazilian Loan) or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%% per annum, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee Facility Fee or other amount Letter of Credit Fee payable hereunder (in each case, other than any of the foregoing in connection with the Brazilian Facility) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount (in the case of any Reimbursement Obligations denominated in an Optional Currency, converted into Dollars on the applicable Reimbursement Date if necessary) shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans, in each case, with respect to clauses (i) and (ii) above, from the date of such nonpayment until such amount is paid in full (as well after as before judgment) and (iii) if all or a portion of any principal amount of any Brazilian Loans or any interest payable on any Brazilian Loan or any fee payable in connection with the Brazilian Facility shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a the rate per annum equal to required by the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)Brazilian Bank Certificates. (dg) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that (x) interest accruing pursuant to paragraph (cSection 2.17(f) of this Section shall be payable from time to time on demand by and (y) interest accruing in respect of the Administrative AgentBrazilian Facility shall be payable in accordance with and pursuant to the terms of the Brazilian Bank Certificates. (h) All interest hereunder shall be paid in the Currency in which the Loan giving rise to such interest is denominated.

Appears in 1 contract

Sources: 5 Year Revolving Credit Agreement (General Motors Co)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate Overnight LIBOR Loan shall bear interest at a rate per annum equal to the Fixed Overnight LIBOR Rate applicable to such Loanplus the Applicable Margin. (d) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount amounts shall bear interest at a rate per annum equal to (x) in the case of the Loansoverdue amounts in respect of any Loan, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of overdue amounts in respect of any Reimbursement ObligationsObligation, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Tenneco Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee Commitment Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the Revolving Facility plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (InfraREIT, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan comprising each ABR Borrowing shall bear interest for each day at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin. (b) Each Loan comprising a Term Benchmark Borrowing shall bear interest during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate Adjusted Term SOFR determined for such day Interest Period plus the Applicable Margin Margin. (provided that any Competitive c) Each RFR Loan that is a Eurodollar Loan (if applicable) shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest each day that is outstanding at a rate per annum equal to the ABR Adjusted Daily Simple SOFR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of or interest on any Loan or Reimbursement Obligation shall not be paid when due and payable (whether at the stated maturity, by acceleration or otherwiseotherwise and after giving effect to any grace or cure periods applicable thereto), such overdue amount amounts shall bear interest at a rate per annum equal to (x) in the case of the Loansoverdue amounts in respect of any Loan, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility interest, commitment fee or other amount payable hereunder shall not be paid when due and payable (whether at the stated maturity, by acceleration or otherwiseotherwise and after giving effect to any grace or cure periods applicable thereto), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Taboola.com Ltd.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the sum of the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the sum of ABR plus the Applicable ABR Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount The Swing Line Loans shall bear interest at a rate per annum equal to (x) in the case sum of ABR PLUS the Loans, the rate that would otherwise be applicable thereto pursuant Applicable ABR Margin MINUS a percentage equal to the foregoing provisions of this Section plus 2% or Applicable Commitment Fee Percentage then in effect. (yc) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if If all or a portion of any interest payable on (i) the principal amount of any Loan or any facility Reimbursement Obligation, (ii) any interest payable thereon or (iii) any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, commitment fee or other amount, the rate then applicable to ABR Loans described in subsection 6.6(b) plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (csubsection 6.6(c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Personal Care Holdings Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest on the outstanding principal amount thereof (inclusive of any interest capitalized pursuant to Section 3.5(e)) for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest on the outstanding principal amount thereof (inclusive of any interest capitalized pursuant to Section 3.5(e)) at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a any portion of the principal amount of any Loan or Reimbursement Obligation (inclusive of any interest capitalized pursuant to Section 3.5(e)) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount (inclusive of any interest capitalized pursuant to Section 3.5(e)) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or (inclusive of any facility fee interest payable on any interest capitalized pursuant to Section 3.5(e)) or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). In addition, during the continuance of a Default or Event of Default, all Obligations (whether or not overdue) shall bear interest at the rates(s) specified in the preceding sentence. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cb) of this Section 3.5 shall be payable from time to time on demand demand. (e) Notwithstanding the foregoing, at such times as no Default or Event of Default shall have occurred and be continuing, at the election of the Borrower by written notice to the Administrative AgentAgent not less than three Business Days prior to the applicable Interest Payment Date, any interest payable in excess of (i) the Eurodollar Rate plus 4.00%, in the case of Eurodollar Loans, or (ii) the Base Rate plus 3.00%, in case of Base Rate Loans, shall be capitalized and added to the principal amount of the Loan to which such interest relates. Any such amount so capitalized shall bear interest as provided in Section 3.5 and shall be payable as provided in Section 2.3 and Section 3.2.

Appears in 1 contract

Sources: Bridge Loan Credit Agreement (Sports Entertainment Enterprises Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a with respect to Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period Loans in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)day. (b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable Margin. Each Fixed Margin with respect to Base Rate Loan shall bear interest at the Fixed Rate applicable to Loans in effect for such Loanday. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Northwestern Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto (i) in the case of a Eurocurrency Loan (other than a Competitive Loan), at a rate per annum equal to the Adjusted LIBO Rate for such Interest Period plus the then Applicable Margin or (ii) in the case of a Eurocurrency Competitive Loan, at a rate per annum equal to the Adjusted LIBO Rate for such Interest Period plus (or minus, as applicable) the Competitive Loan Margin applicable to such Loan. (b) Each ABR Loan shall bear interest at a rate per annum equal to the Alternate Base Rate plus the then Applicable Margin. (c) Each Fixed Rate Loan shall bear interest at a rate per annum equal to the Fixed Rate applicable to such Loan. (i) Each U.S. Base Rate Loan shall bear interest at a rate per annum equal to the U.S. Base Rate plus the then Applicable Margin and (ii) each Canadian Prime Loan shall bear interest at a rate per annum equal to the Canadian Prime Rate plus the then Applicable Margin. (e) Each Canadian Borrower shall pay to each Canadian Lender that accepts or advances a BA Loan for such Borrower, as a condition of and at the time of such acceptance or advance, a fee at the rate of the then Applicable Margin calculated on the basis of a year of 365 days on the face amount at maturity (in the case of a Bankers’ Acceptance) or the principal amount (in the case of a BA Equivalent Loan) for the period from and including the date of such acceptance or advance to but excluding the last day of the Contract Period (an “Acceptance Fee”). (i) Each TIIE Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar TIIE Rate determined for such day Interest Period plus the then Applicable Margin and (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar ii) each Peso Base Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR Peso Base Rate plus the then Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan.; (ig) If all or a portion of the (i) any principal amount of any Loan Loan, (ii) any interest payable thereon, (iii) any Facility Fee or Reimbursement Obligation (iv) any other amount payable hereunder (including Acceptance Fees) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, Facility Fee or other amount shall bear interest at a rate per annum equal to which is (x) in the case of the Loansprincipal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of Reimbursement Obligationsany such overdue interest, Facility Fee or other amount, the rate applicable to ABR Loans plus 2%, and described in paragraph (iib) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans this subsection plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such overdue principal, interest, Facility Fee or other amount is paid in full (as well after as before judgment). (dh) Interest on each Loan (other than a BA Loan) shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cg) of this Section subsection shall be payable from time to time on demand by demand. (i) Notwithstanding anything to the Administrative Agentcontrary contained herein, in no event shall a Borrower be obligated to pay interest in excess of the maximum amount which is chargeable under applicable law.

Appears in 1 contract

Sources: Credit and Guarantee Agreement (Reebok International LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted LIBO Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)day. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. . (c) Each Fixed Rate Multicurrency Loan shall bear interest at the Fixed Rate applicable to such be a LIBOR Loan. (id) Each Swingline Loan shall bear interest, at the election of the Borrower, at a rate per annum (rounded upwards, if necessary, to the next 1/100 of one percent) equal to (a) in the case of any Swingline Loan that is an ABR Loan, the ABR plus the Applicable Margin (b) in the case of any Alternative Rate Swingline Loan, the sum of the Alternative Swingline Rate in effect on each applicable day plus the applicable margin or (c) in the case of any Swingline LIBOR Loan, the sum of the Swingline LIBO Rate in effect on each applicable day plus the Applicable Margin. (e) If all or a portion of the (i) any principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon, (iii) any Loan or any facility commitment fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the overdue principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate then applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment). (df) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date, Date provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Henry Schein Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan). (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agent.

Appears in 1 contract

Sources: Third Amendment and Extension Agreement (Air Lease Corp)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan (other than an Alternate Currency Loan) maintained as a LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted LIBO Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each Loan maintained as an ABR Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin. . (c) Each Fixed Rate Alternate Currency Loan shall bear interest (which interest shall be for the account of the Alternate Currency Fronting Lender) for each day during each Interest Period with respect thereto at a rate per annum equal to the Fixed Adjusted LIBO Rate applicable determined for such day; provided, that such amount shall be payable in US Dollars (based on the US Dollar Equivalent of the amount of interest payable pursuant to such Loanthis Section calculated by the Agent). (id) Each Protective Advance and each Overadvance shall bear interest (which interest shall be for the account of the Agent) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin plus 2%. (e) If any Event of Default shall have occurred and be continuing, all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount amounts outstanding hereunder shall bear interest at a rate per annum equal to (x) in which is the case sum of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.7(a), (b) or (c) plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) aboveannum, from the date of the occurrence of such non-payment Event of Default until such amount Event of Default is paid in full no longer continuing (after as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date; provided, provided however, that interest accruing pursuant to paragraph (ce) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Quiksilver Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. . (c) Each Fixed Rate Swing Line Loan shall bear interest at a rate per annum equal to the Fixed Base Rate applicable to such Loanplus the Applicable Margin for Revolving Loans which are Base Rate Loans. (id) If all or a portion of the (i) any principal amount of any Loan Loan, (ii) any interest payable thereon, (iii) any commitment fee or Reimbursement Obligation (iv) any other amount payable hereunder, including any letter of credit fee, shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any such overdue principal, interest, commitment fee or other amount shall bear interest at a rate per annum equal to which is (except as provided in subsection 2.9) (x) in the case of the Loansprincipal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% or (y) in the case of Reimbursement Obligationsany such overdue interest, commitment fee, letter of credit fee or other amount, the rate applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such overdue principal, interest, commitment fee, letter of credit fee or other amount is paid in full (as well after as before judgmentjudgment to the extent permitted by law). (de) Interest shall be payable in arrears on each Interest Payment DateDate and on the Revolving Credit Termination Date (in the case of Revolving Loans and Swing Line Loans) and the date of the final installment of principal (in the case of Term Loans), provided that interest accruing pursuant to paragraph (cd) of this Section subsection shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Kinetic Concepts Inc /Tx/)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus PLUS 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus under the Revolving Facility PLUS 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus under the relevant Facility PLUS 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility PLUS 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Claires Stores Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a for Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Loans. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such LoanMargin for ABR Loans. (ic) If all or a portion of (i) the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any facility fee Commitment Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of any overdue interest, Commitment Fee or other amount, the rate then applicable to ABR Loans described in paragraph (b) of this subsection plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest on the Revolving Credit Loans and the Term Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand by demand. (e) The principal amount of, and any unpaid interest on, all Loans shall be due and payable in full on the Administrative AgentTermination Date, unless accelerated sooner pursuant to Section 6. (f) The Swingline Loans shall bear interest, and such interest shall be payable, as specified in subsection 2.15(c).

Appears in 1 contract

Sources: Credit Agreement (Hercules Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar EurodollarSOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined RateTerm SOFR in effect for such day Interest Period plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period EurodollarSOFR Loans from time to time in effect for during such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Interest Period. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable Margin for ABR Loans, in each case as from time to such Loantime in effect. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall thereafter bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus an additional 2% per annum, (ii) if any other Event of Default shall have occurred and be continuing, all outstanding Loans (whether or (ynot overdue) in shall, upon election by the case of Reimbursement ObligationsRequired Lenders and written notice thereof to the Borrower, thereafter bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus an additional 2%% per annum, and (iiiii) if all or a portion of any interest payable on any Loan or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, upon election by the Required Lenders and written notice thereof to the Borrower, thereafter bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus an additional 2%% per annum, in each case, with respect to clauses (i), (ii) and (iiiii) above, from the date of such non-payment nonpayment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.14(c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Trean Insurance Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Tranche B Term Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). In addition, upon and after the occurrence of an Event of Default, and during the continuation thereof, at the option of the Administrative Agent or at the direction of Required Lenders and with written notice from the Administrative Agent to the Borrower of the exercise of such option or direction (or, in the case of any Event of Default under Section 7(f), immediately and automatically upon the occurrence of any such Event of Default without the requirement of any affirmative action by any party), the Obligations shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus two (2.00%) percent per annum. (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (UniTek Global Services, Inc.)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Adjusted LIBO Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (ba) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (after as well after as before judgment). (dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand demand. (d) Each Swingline Loan shall bear interest at rate per annum equal to the ABR plus the Applicable Margin or such other rate as may be from time to time determined by mutual agreement between the Administrative AgentSwingline Lender and the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Universal Health Services Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue all of the aggregate principal unpaid amount of the Loans and Reimbursement Obligations shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any facility fee Reimbursement Obligation or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.9 shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Panavision Inc)

Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus PLUS 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Base Rate Loans plus under the Revolving Credit Facility PLUS 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus under the relevant Facility PLUS 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Credit Facility PLUS 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (White Mountains Insurance Group LTD)

Interest Rates and Payment Dates. (a) Each Eurodollar Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Eurocurrency Rate determined for such day plus the Applicable Margin (provided that any Competitive Loan that is a Eurodollar Loan shall bear interest at the Eurodollar Rate for the Interest Period in effect for such Competitive Borrowing plus (or minus, as applicable) the Margin applicable to such Loan)Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% (unless such overdue amount is denominated in a Foreign Currency, in which case such overdue amount shall bear interest of a rate per annum equal to the highest rate then applicable under this Agreement to Foreign Currency Loans in such currency plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand by the Administrative Agentdemand.

Appears in 1 contract

Sources: Credit Agreement (Grey Global Group Inc)