Common use of Alternative Currency Daily Rate Advances Clause in Contracts

Alternative Currency Daily Rate Advances. During such periods as such Revolving Credit Advance is an Alternative Currency Daily Rate Advance, a rate per annum equal at all times to the sum of (x) the Alternative Currency Daily Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears monthly on the last Business Day of each month during such periods and on the date such Alternative Currency Daily Rate Advance shall be Converted or paid in full.

Appears in 3 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)

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Alternative Currency Daily Rate Advances. During such periods as such Revolving Credit Advance is an Alternative Currency Daily Rate Advance, a rate per annum equal at to all times to the sum of (x) the Alternative Currency Daily Rate applicable to such Advances, as in effect from time to time (it being understood that XXXXX shall be determined on a daily basis) plus (y) the Applicable Margin in effect from time to time, payable in arrears monthly on the last Business Day of each calendar month during such periods and on the date such Termination Date, in each case payable in the applicable Alternative Currency Daily Rate Advance shall be Converted or paid in fullCurrency.

Appears in 1 contract

Samples: Reaffirmation Agreement (Sealed Air Corp/De)

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