Common use of Changes in Interest Rate, etc Clause in Contracts

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made but excluding the date it is paid, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Agent as applicable to such Eurodollar Advance based upon the Borrower's selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 2 contracts

Samples: Assignment Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)

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Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.9, 2.10 to but excluding the date it is paid becomes due or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.9 2.10 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate for such dayday or, if the Swing Line Lender and the Borrower have agreed in writing that such Swing Line Loan should bear interest at a different rate, such rate. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Agent as applicable to such Eurodollar Eurocurrency Advance based upon the Borrower's selections under Sections 2.8 2.9 and 2.9 2.10 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Modine Manufacturing Co), Credit Agreement (Modine Manufacturing Co)

Changes in Interest Rate, etc. Each Floating Alternate Base Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Term SOFR Advance into a Floating an Alternate Base Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Term SOFR Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate for such day. Each Swing Line Loan Term SOFR Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Adjusted Term SOFR Rate determined by the Administrative Agent as applicable to such Term SOFR Advance based upon the applicable Borrower’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. Each XXXXX Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the day date such Swing Line Loan Advance is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate XXXXX for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating an Alternate Base Rate Advance or XXXXX Advance will take effect simultaneously with each change in the Alternate Base RateRate or XXXXX, as applicable. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the applicable Borrower's ’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan latest Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoanLoans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.92.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 2.12 hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paidpaid hereof, at a rate per annum equal to the Floating Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower's ’s selections under Sections 2.8 2.11 and 2.9 2.12 and otherwise in accordance with the terms hereof, plus the Applicable Margin. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower Interest on Loans outstanding on the Effective Date shall use commercially reasonable efforts be calculated (x) for periods up to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to and including the last day of Effective Date at the applicable Eurodollar Interest Period rates set forth on the Pricing Schedule in order to make a mandatory repayment required by the Existing Credit Agreement and (y) for periods after the Effective Date at the rates set forth in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Changes in Interest Rate, etc. Each Floating Alternate Base Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Term SOFR Advance into a Floating an Alternate Base Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Term SOFR Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate for such day. Each Swing Line Loan Term SOFR Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Adjusted Term SOFR Rate determined by the Administrative Agent as applicable to such Term SOFR Advance based upon the applicable Borrower’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. Each Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurocurrency Advance based upon the applicable Borrower’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. Each XXXXX Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the day date such Swing Line Loan Advance is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate XXXXX for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating an Alternate Base Rate Advance or XXXXX Advance will take effect simultaneously with each change in the Alternate Base RateRate or XXXXX, as applicable. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar No Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Agent as applicable to such Eurodollar Advance based upon the Borrower's selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan latest Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Changes in Interest Rate, etc. Each Floating Alternate Base Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Term SOFR Advance into a Floating an Alternate Base Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Term SOFR Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Alternate Base Rate for such day. Each Swing Line Loan Term SOFR Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Adjusted Term SOFR Rate determined by the Administrative Agent as applicable to such Term SOFR Advance based upon the applicable Borrower’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. Each XXXXX Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the day date such Swing Line Loan Advance is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate XXXXX for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating an Alternate Base Rate Advance or XXXXX Advance will take effect simultaneously with each change in the Alternate Base RateRate or XXXXX, as applicable. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the applicable Borrower's ’s selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan latest Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar EurodollarTerm Benchmark Advance into a Floating Rate Advance pursuant to Section 2.92.8, to but excluding the date it is paid or is converted into a Eurodollar EurodollarTerm 60 Benchmark Advance pursuant to Section 2.9 2.8 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made but excluding the date it is paid, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar EurodollarTerm Benchmark Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar EurodollarTerm Benchmark Advance based upon the Borrower's ’s selections under Sections 2.7 and 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Eurodollar, consisting of the Adjusted Term SOFR Rate plus the Applicable Margin. No Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar EurodollarTerm Benchmark Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.92.8, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 2.8 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made but excluding the date it is paid, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower's ’s selections under Sections 2.7 and 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Revolving Loan may end after the Term Revolving Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Term Loan may end after the Revolving Loan Termination Datematurity date thereof. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory or scheduled repayment required by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.9, 2.10 to but excluding the date it is paid becomes due or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.9 2.10 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan that bears interest at the Floating Rate or the Offered Rate shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate or the Offered Rate, as applicable, for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance or bearing interest at the Offered Rate will take effect simultaneously with each change in the Alternate Base Rate or Offered Rate, as applicable. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the applicable Borrower's ’s selections under Sections 2.8 2.5.2 and 2.9 2.9, as applicable, and Section 2.10 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cooper Cameron Corp)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Term Benchmark Advance into a Floating Rate Advance pursuant to Section 2.92.10, to but excluding the date it is paid or is converted into a Eurodollar Term Benchmark Advance pursuant to Section 2.9 2.10 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at a rate per annum equal to the Floating Rate for such day or such other rate, if any, agreed to by the Borrower and the Swing Line Lender for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Term Benchmark Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Term Benchmark Advance based upon the Borrower's ’s selections under Sections 2.8 2.9 and 2.9 2.10 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

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Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line Loan) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on lesser of (a) the outstanding principal amount thereofMaximum Rate, for each day from and including the day such Swing Line Loan is made but excluding the date it is paid, at a rate per annum equal to or (b) the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. If at any time the Floating Rate shall exceed the Maximum Rate, thereby causing the interest accruing on an Advance to be limited to the Maximum Rate, then any subsequent reduction in the Floating Rate for such Advance shall not reduce the rate of interest on such Advance below the Maximum Rate until the aggregate amount of interest accrued on such Advance equals the aggregate amount of interest which would have accrued on such Advance if the Floating Rate had at all times been in effect. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Parent Borrower's or, with respect to the Revolving Subfacility only, the Subsidiary Borrower's, selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to the last day of the applicable Eurodollar Interest Period in order to make a mandatory repayment required by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Centex Construction Products Inc)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoanLoans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.92.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 2.12 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paidpaid hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower's ’s selections under Sections 2.8 2.11 and 2.9 2.12 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower Interest on Loans outstanding on the Effective Date shall use commercially reasonable efforts be calculated (a) for periods up to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to and including the last day of Effective Date based on the applicable Eurodollar Interest Period Pricing Schedule set forth in order to make a mandatory repayment required by the Existing Credit Agreement and (b) for periods after the Effective Date based on the Pricing Schedule set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoanSwingline Loans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.92.10, to but excluding the date it is paid or is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.9 2.10 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Swingline Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Swingline Loan is made to but excluding the date it is paidpaid hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Eurocurrency Advance based upon the Borrower's ’s selections under Sections 2.8 2.9 and 2.9 2.10 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it become due on a day which is not necessary to repay any portion a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a Eurodollar Advance prior to the last day principal payment, such extension of the applicable Eurodollar Interest Period time shall be included in order to make a mandatory repayment required by this Agreementcomputing interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a Swing Line LoanLoans) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.92.12, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 2.12 hereof, at a rate per annum equal to the Floating Rate for such day. Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paidpaid hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Interest Period applicable thereto to (but not including) the last day of such Eurodollar Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon the Borrower's ’s selections under Sections 2.8 2.11 and 2.9 2.12 and otherwise in accordance with the terms hereof. No Eurodollar Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Facility Termination Date. The Borrower Interest on Loans outstanding on the Effective Date shall use commercially reasonable efforts be calculated (x) for periods up to select Eurodollar Interest Periods so that it is not necessary to repay any portion of a Eurodollar Advance prior to and including the last day of Effective Date at the applicable Eurodollar Interest Period rates set forth on the Pricing Schedule in order to make a mandatory repayment required by the Existing Credit Agreement and (y) for periods after the Effective Date at the rates set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

Changes in Interest Rate, etc. Each Floating Rate Advance (other than a and ------------------------------ Swing Line Loan) Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance or Swing Line Loan is made or or, in the case of a Floating Rate Advance, is automatically converted from a Eurodollar Eurocurrency Advance into a Floating Rate Advance pursuant to Section 2.9, 2.10 ------------ to but excluding the date it is paid or becomes due or, in the case of a Floating Rate Advance, is converted into a Eurodollar Eurocurrency Advance pursuant to Section 2.9 2.10 ------------ hereof, at a rate per annum equal to the Floating Rate for such day. Each day or, in the case of the Swing Line Loan shall bear interest on Loans, such other rate as may have been agreed to between the outstanding principal amount thereof, for each day from Borrower and including the day such Swing Line Loan is made but excluding the date it is paid, at a rate per annum equal to the Floating Rate for such dayLender. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance and each Swing Line Loan bearing interest by reference to the Floating Rate will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Eurodollar Eurocurrency Interest Period applicable thereto to (but not including) the last day of such Eurodollar Eurocurrency Interest Period at the interest rate Eurocurrency Rate determined by the Agent as applicable to such Eurodollar Eurocurrency Advance. Changes in the rate of interest on any Eurocurrency Advance based upon will take effect simultaneously with each change in the Borrower's selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereofApplicable Margin. No Eurodollar Eurocurrency Interest Period with respect to any Term Loan may end after the Term Loan Termination Date and no Eurodollar Interest Period with respect to any Revolving Loan may end after the Revolving Loan Termination Date. The Borrower shall use commercially reasonable efforts to select Eurodollar Interest Periods so that it is not necessary to repay any portion Date (or, if earlier, the date of a Eurodollar Advance prior to the last day termination in whole of the applicable Eurodollar Interest Period in order Aggregate Revolving Loan Commitment pursuant to make a mandatory repayment required by this Agreement.Section 2.7 hereof or the Commitments pursuant to ----------- Section 8.1 hereof). -----------

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

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