Common use of Interest on Eurodollar Advances Clause in Contracts

Interest on Eurodollar Advances. Except as provided in Section 2.6(c) hereof, the Borrowers shall pay interest on the unpaid principal amount of each Eurodollar Advance made to it hereunder which is outstanding from time to time, on each Interest Payment Date with respect to such Eurodollar Advance, at the date of conversion of such Eurodollar Advance (or portion thereof) to a Base Rate Advance and at maturity of such Eurodollar Advance at an interest rate per annum equal during the Interest Period for such Eurodollar Advance to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Advance, and after maturity of such Eurodollar Advance (whether by acceleration or otherwise) upon demand. Interest not paid when due shall be payable on demand.

Appears in 2 contracts

Samples: Credit Agreement (Finlay Fine Jewelry Corp), Credit Agreement (Finlay Enterprises Inc /De)

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Interest on Eurodollar Advances. Except as provided in Section 2.6(c) hereof, the Borrowers each Borrower shall pay interest on the unpaid principal amount of each Eurodollar Advance made to it hereunder which is outstanding from time to time, on each Interest Payment Date with respect to such Eurodollar Advance, at the date of conversion of such Eurodollar Advance (or portion thereof) to a Base Rate Advance and at maturity of such Eurodollar Advance at an interest rate per annum equal during the Interest Period for such Eurodollar Advance to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Advance, and after maturity of such Eurodollar Advance (whether by acceleration or otherwise) upon demand. Interest not paid when due shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Finlay Enterprises Inc /De)

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Interest on Eurodollar Advances. Except as provided in Section 2.6(c) hereof, the Borrowers Borrower shall pay interest on the unpaid principal amount of each Eurodollar Advance made to it hereunder which is outstanding from time to time, on each Interest Payment Date with respect to such Eurodollar Advance, at the date of conversion of such Eurodollar Advance (or portion thereof) to a Base Rate Advance and at maturity of such Eurodollar Advance at an interest rate per annum equal during the Interest Period for such Eurodollar Advance to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Advance, and after maturity of such Eurodollar Advance (whether by acceleration or otherwise) upon demand. Interest not paid when due shall be payable on demand.

Appears in 1 contract

Samples: Credit Agreement (Finlay Enterprises Inc /De)

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