Common use of Interest to Maturity Clause in Contracts

Interest to Maturity. The outstanding principal balance of the Revolving Loans (other than Overdraft Loans and Over Advances) shall bear interest to maturity at the Reference Rate in effect from time to time plus one and one-half percent (1.5%) per annum.

Appears in 3 contracts

Sources: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)

Interest to Maturity. The outstanding unpaid principal balance of the Revolving Loans (other than Overdraft Loans and Over Advances) shall bear interest to maturity at a per annum rate equal to the Reference Rate in effect from time to time plus one and one-half percent (1.5%) per annumthe Applicable Margin; provided that pursuant to the provisions of Section 3.1.3 below, from time to time Borrower may elect to have all or any portion of the Revolving Loans bear interest at the IBOR Rate plus the Applicable Margin.

Appears in 2 contracts

Sources: Loan and Security Agreement (Rainbow Rentals Inc), Loan and Security Agreement (Rainbow Rentals Inc)

Interest to Maturity. The To the extent that the outstanding principal balance of the Revolving Loans (other than Overdraft Loans and Over Advances) plus the outstanding principal balance of all "Revolving Loans" (other than "Overdraft Loans" and "Over Advances") (as each such term is defined in each Other Loan Agreement) is less than or equal to $5,400,000, such portion of the outstanding principal balance of the Revolving Loans shall bear interest to maturity at the Reference Rate in effect from time to time plus one and one-half percent (1.5%) per annum., and

Appears in 1 contract

Sources: Loan and Security Agreement (Elxsi Corp /De//)

Interest to Maturity. The outstanding unpaid principal balance of the Revolving Loans (other than Overdraft Loans and Over Advances) shall bear interest to maturity at the Reference Rate in effect from time to time plus one and one-half percent (1.5%) 1.50% per annum. The unpaid principal balance of the Term Loan shall bear interest to maturity at the Reference Rate in effect from time to time plus 1.75% per annum.

Appears in 1 contract

Sources: Credit and Security Agreement (Washington Scientific Industries Inc)