Common use of Swing Line Advances Clause in Contracts

Swing Line Advances. A rate per annum equal at all times to the result of (x) the Federal Funds Rate in effect from time to time plus (y) the Applicable Margin for Swing Line Advances in effect from time to time, in each case payable in arrears on the date such Swing Line Advance shall be paid in full.

Appears in 6 contracts

Sources: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

Swing Line Advances. A rate per annum equal at all times to the result of (x) the Federal Funds Rate in effect from time to time plus (y) the Applicable Margin for Swing Line Advances in effect from time to time, in each case payable in arrears on the date such Swing Line Advance shall be paid in full.

Appears in 2 contracts

Sources: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

Swing Line Advances. A rate per annum equal at all times to the result of (x) the Federal Funds Rate in effect from time to time plus (y) the Applicable Margin for Swing Line Advances in effect from time to time, in each case payable in arrears on the date such Swing Line Advance shall be paid in full.

Appears in 1 contract

Sources: Credit Agreement (Royal Caribbean Cruises LTD)

Swing Line Advances. A rate per annum equal at all times to the result of (x) the Federal Funds Rate in effect from time to time plus (y) the Applicable Margin for Swing Line Advances Rate in effect from time to time, in each case payable in arrears on the date such Swing Line Advance shall be paid in full.

Appears in 1 contract

Sources: Credit Agreement (Office Depot Inc)

Swing Line Advances. A For each Swing Line Advance, a rate per annum equal at all times to the result sum of (xw) the Federal Funds Rate in effect from time to time plus (yx) the Applicable Margin for Swing Line Advances in effect from time to timetime plus (y) 0.5%, in each case payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Swing Line Advance shall be is paid in full.

Appears in 1 contract

Sources: Credit Agreement (Sra International Inc)