Common use of Eurodollar Rate Advances Clause in Contracts

Eurodollar Rate Advances. If such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of the Eurodollar Rate for such Interest Period, plus the Applicable Margin for such Eurodollar Rate Advance in effect from time to time, payable on the last day of such Interest Period and, if such Interest Period for such Advance has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period; provided, however, that if and for so long as an Event of Default has occurred and is continuing, interest on the unpaid amount of each Eurodollar Rate Advance shall be payable on demand.

Appears in 10 contracts

Samples: Credit Agreement (Carolina Power & Light Co), Credit Agreement (Progress Energy Inc), Credit Agreement (Progress Energy Inc)

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Eurodollar Rate Advances. If such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of the Eurodollar Rate for such Interest Period, plus the Applicable Margin for such Eurodollar Rate Advance in effect from time to time, interest thereon shall be payable on the last day of such Interest Period and, if such the Interest Period for such Advance has a duration of more than three months, on that day of each day that occurs third month during such Interest Period every three months from that corresponds to the first day of such Interest PeriodPeriod (or, if any such month does not have a corresponding day, then on the last day of such month); provided, however, provided that if and for so long as at any time an Event of Default has shall have occurred and is be continuing, interest on the unpaid amount of each Eurodollar Rate Advance shall be bear interest payable on demand, at a rate per annum equal at all times to the Default Rate.

Appears in 9 contracts

Samples: Day Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp), Day Credit Agreement (Alliant Energy Corp)

Eurodollar Rate Advances. If such A Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of the Eurodollar Rate for such Interest Period, plus the Applicable Margin for such Eurodollar Rate Advance in effect from time to time, interest thereon shall be payable on the last day of such Interest Period and, if such the Interest Period for such A Advance has a duration of more than three months, on that day of each day that occurs third month during such Interest Period every three months from that corresponds to the first day of such Interest PeriodPeriod (or, if any such month does not have a corresponding day, then on the last day of such month); provided, however, provided that if and for so long as at any time an Event of Default has shall have occurred and is be continuing, interest on the unpaid amount of thereafter each Eurodollar Rate Advance shall be bear interest payable on demand, at a rate per annum equal at all times to the Default Rate.

Appears in 3 contracts

Samples: Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co)

Eurodollar Rate Advances. If such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each the Interest Period for such Advance to the sum of the Eurodollar Rate for such Interest Period, Period plus the Applicable Margin for such Eurodollar Rate Advance in effect from time to time, payable on the last day of such Interest Period Period, and, if such in the case of six-month Interest Period for such Advance has a duration of more than three monthsPeriods, on each the day that which occurs during such Interest Period every three months from the first day of such Interest Period; provided, however, provided that if upon the occurrence and for so long as an during the continuance of any Event of Default has occurred and is continuingDefault, such Advance shall bear interest on at a rate per annum equal at all times during the unpaid amount of each Interest Period for such Advance to the Eurodollar Rate Advance shall be for such Interest Period plus the Applicable Margin plus 2.00% per annum, payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)

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Eurodollar Rate Advances. If such A Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each the Interest Period for such A Advance to the sum of the Eurodollar Rate for such Interest Period, plus the Applicable Margin for such Eurodollar Rate Advance in effect from time to timeAdvances, payable on the last day of such Interest Period and, if such Interest Period for such Advance has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period; provided, however, that if and for so long as an Event of Default has occurred and is continuing, interest on the unpaid amount of each Eurodollar Rate Advance shall be payable on demand.

Appears in 1 contract

Samples: Cp&l Energy Inc

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