Applicable Interest Rates. (a) Each advance of the Revolving Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at the Applicable Rate as determined in accordance with the provisions of this Section.
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Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)
Applicable Interest Rates. (a) Each advance of the Revolving Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at either the Applicable Base Rate or the Eurodollar Rate, as selected and specified by the Borrowers in an Interest Rate Election Notice furnished to the Administrative Agent in accordance with the provisions of Section 2.4.2(e) (Selection of Interest Rates), or as otherwise determined in accordance with the provisions of this Section.
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Applicable Interest Rates. (a) Each unpaid advance of the Revolving Loan and the Term Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at the Applicable Rate as determined in accordance with the provisions of this SectionRate.
Appears in 1 contract
Samples: Financing and Security Agreement (Gp Strategies Corp)
Applicable Interest Rates. (a) Each unpaid advance of the Revolving Loan shall bear interest until maturity (whether by acceleration, declaration, extension or otherwise) at the Applicable Rate as determined in accordance with the provisions of this Section.
Appears in 1 contract
Samples: Financing and Security Agreement (Gp Strategies Corp)
