Applicable Rate. Interest shall accrue on the outstanding principal balance at the end of day of each Loan at the Applicable Rate in effect for such Loan on such day.
Appears in 2 contracts
Sources: Credit Agreement (Inergy Holdings, L.P.), Credit Agreement (MGP Ingredients Inc)
Applicable Rate. Interest shall accrue on the outstanding principal balance of each Loan at the end of each day of each Loan at the Applicable Rate in effect for such Loan on such day.
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Applicable Rate. Interest shall will accrue on the outstanding principal balance at the end of day of each Loan at the Applicable Adjusted Term SOFR Rate in effect for such Loan on such day. Bank’s internal records of applicable interest rates shall be determinative in the absence of manifest error.
Appears in 1 contract
Sources: Credit Agreement (LIVE VENTURES Inc)
Applicable Rate. Interest shall accrue on the outstanding principal balance of each Loan at the end of each day of each Loan at the Applicable Rate in effect for such Loan on such day, except as otherwise provided in Section 3.1(b) below.
Appears in 1 contract
Applicable Rate. Interest shall accrue on the outstanding principal balance of the Loans at the end of day of each Loan at the Applicable Rate in effect for such Loan on such day.
Appears in 1 contract