Common use of Eurodollar Rate Advances Clause in Contracts

Eurodollar Rate Advances. If such A Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during the Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period; provided that any principal amount of any Eurodollar Rate Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (A) during the Interest Period applicable to such Eurodollar Rate Advance, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such amount immediately prior to the date on which such amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to time.

Appears in 6 contracts

Samples: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)

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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 the Interest Period for such A Advance to the sum of (i) the Adjusted Eurodollar Rate for such Interest Period plus (ii) the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period; provided that any principal amount of any Eurodollar Rate Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (A) during the Interest Period applicable to such Eurodollar Rate Advance, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such amount immediately prior to the date on which such amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to time.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Hormel Foods Corp /De/), Revolving Credit Agreement (Hormel Foods Corp /De/), Credit Agreement (Hormel Foods Corp /De/)

Eurodollar Rate Advances. If such A Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during the Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the each day which occurs during such Interest Period every three months from the first day of such Interest Period; provided that provided, that, any principal amount of any Eurodollar Rate Advance principal which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (Ax) during after the expiration of the Interest Period applicable related to such Eurodollar Rate Advanceprincipal amount, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) prior to the expiration of the Interest Period related to such principal amount, 2% per annum above the rate per annum required to be paid on such amount A Advance immediately prior to the date on which such principal amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to timedue.

Appears in 3 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc), Credit Agreement (Gap Inc)

Eurodollar Rate Advances. If such A Committed Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during the Interest Period for such A Advance to the sum of (i) the Adjusted Eurodollar Rate for such Interest Period plus (ii) the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period; provided that any principal amount of any Eurodollar Rate Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (A) during the Interest Period applicable to such Eurodollar Rate Advance, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such amount immediately prior to the date on which such amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Dial Corp /New/), Credit Agreement (Dial Corp /New/)

Eurodollar Rate Advances. If During such A periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during the Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable MarginMargin for Eurodollar Rate Advances in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more is longer than three months, on the day which occurs during such Interest Period three months from at three-month intervals following the first day of such Interest Period; provided that any amount of principal amount of any Eurodollar Rate Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (A) during the Interest Period applicable to such Eurodollar Rate Advance, the greater of (x) the sum of 2% per annum above plus the Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances in effect from time to time and (y) the sum of 2% per annum above plus the rate per annum required to be paid on such amount Advance immediately prior to the date on which such amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to timedue.

Appears in 1 contract

Samples: Credit Agreement (Petsec Energy Inc)

Eurodollar Rate Advances. If such A Advance is a Eurodollar ------------------------ Rate Advance, a rate per annum equal at all times during the Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the each day which occurs during such Interest Period every three months from the first day of such Interest Period; provided that provided, -------- that, any principal amount of any Eurodollar Rate Advance principal which is not paid when due (whether at stated ---- maturity, by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (Ax) during after the expiration of the Interest Period applicable related to such Eurodollar Rate Advanceprincipal amount, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) prior to the expiration of the Interest Period related to such principal amount, 2% per annum above the rate per annum required to be paid on such amount A Advance immediately prior to the date on which such principal amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to timedue.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

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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 the Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period; provided that any principal amount of any Eurodollar Rate Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (A) during the Interest Period applicable to such Eurodollar Rate Advance, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such amount immediately prior to the date on which such amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to time.and

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

Eurodollar Rate Advances. If such A Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during the Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period; provided that any principal amount of any Eurodollar -------- Rate Advance which is not paid when due (whether at stated maturity, by acceleration or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (A) during the Interest Period applicable to such Eurodollar Rate Advance, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) 2% per annum above the rate per annum required to be paid on such amount immediately prior to the date on which such amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

Eurodollar Rate Advances. If such A Advance is a Eurodollar ------------------------ Rate Advance, a rate per annum equal at all times during the each Interest Period for such A Advance to the sum of the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Eurodollar Rate Margin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on the each day which occurs during such Interest Period every three months from the first day of such Interest Period; provided that provided, -------- that, any principal amount of any Eurodollar Rate Advance principal which is not paid when due (whether at stated ---- maturity, by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to (Ax) during after the expiration of the Interest Period applicable related to such Eurodollar Rate Advanceprincipal amount, the greater of (x) 2% per annum above the Base Rate in effect from time to time and (y) prior to the expiration of the Interest Period related to such principal amount, 2% per annum above the rate per annum required to be paid on such amount A Advance immediately prior to the date on which such principal amount became due and (B) after the expiration of such Interest Period, 2% per annum above the Base Rate in effect from time to timedue.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

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