Common use of Interest on Loans Clause in Contracts

Interest on Loans. (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 27 contracts

Samples: Revolving Credit and Guaranty Agreement (United Airlines, Inc.), Security Agreement (American Airlines Inc), Credit and Guaranty Agreement (United Airlines, Inc.)

AutoNDA by SimpleDocs

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 24 contracts

Samples: Credit Agreement (Hawaiian Telcom Holdco, Inc.), Credit Agreement (BATS Global Markets, Inc.), Credit Agreement (CSC Holdings LLC)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 24 contracts

Samples: Credit Agreement (Cbre Holding Inc), Credit Agreement (Flowserve Corp), Credit Agreement (Cb Richard Ellis Group Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 17 contracts

Samples: Credit Agreement (Schein Pharmaceutical Inc), General Liability (Schein Pharmaceutical Inc), Credit Agreement (Hartley Controls Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.

Appears in 17 contracts

Samples: Second Lien Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (Atp Oil & Gas Corp), Second Lien Credit Agreement (Hawkeye Holdings, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 10 contracts

Samples: Credit Agreement (Quorum Health Corp), Credit Agreement (Pyxus International, Inc.), Credit Agreement (Cbre Group, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be, at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 9 contracts

Samples: Credit Agreement (Walter Investment Management Corp), Credit Agreement (DITECH HOLDING Corp), Credit Agreement (Pennymac Financial Services, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 8 contracts

Samples: Intellectual Property Security Agreement (Endeavour International Corp), Credit Agreement (Endeavour International Corp), Credit Agreement (Yellow Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the unpaid principal amount of the Loans comprising each ABR Loan Borrowing shall bear interest for each day (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 8 contracts

Samples: Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc), Credit Agreement (Alcoa Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 365/366 days or 366 days in a leap yearand calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate in effect from time to time.

Appears in 7 contracts

Samples: Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the outstanding Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 6 contracts

Samples: Credit Agreement (NRG Energy, Inc.), Credit Agreement (NRG Energy, Inc.), Credit Agreement (NRG Energy, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 6 contracts

Samples: Security Agreement (Delta Air Lines Inc /De/), Revolving Credit and Guaranty Agreement (Tower International, Inc.), First Lien Security Agreement (Delta Air Lines Inc /De/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginSpread in effect from time to time.

Appears in 5 contracts

Samples: Credit Agreement (El Paso Electric Co /Tx/), Credit Agreement (El Paso Electric Co /Tx/), Credit Agreement (El Paso Electric Co /Tx/)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 5 contracts

Samples: Raytheon Co/, Raytheon Co/, Lender Agreement (Raytheon Co/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as applicable, at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 5 contracts

Samples: Guarantee and Collateral Agreement (Advanced Disposal Services, Inc.), Senior Secured Credit Agreement (Trestle Transport, Inc.), Senior Secured Credit Agreement (ADS Waste Holdings, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.10, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 5 contracts

Samples: Credit Agreement (Raytheon Co/), Credit Agreement (Raytheon Co/), Credit Agreement (Raytheon Co/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Domestic Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 4 contracts

Samples: Credit Agreement (Cb Richard Ellis Group Inc), Credit Agreement (Cb Richard Ellis Group Inc), Credit Agreement (Cb Richard Ellis Group Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 4 contracts

Samples: Credit Agreement (Blackboard Inc), Credit Agreement (Affirmative Insurance Holdings Inc), Revolving Credit Agreement (Maxxam Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.10, each ABR Loan shall bear interest (computed, for ABR Loans wherein the Alternate Base Rate is determined by reference to the Adjusted LIBO Rate or the Federal Funds Effective Rate, on the basis of the actual number of days elapsed over a year of 360 days, and otherwise computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Applicable Margin plus the Alternate Base Rate plus the Applicable MarginRate.

Appears in 4 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 4 contracts

Samples: Credit Agreement (He Holdings Inc), Credit Agreement (Raytheon Co), Credit Agreement (Raytheon Co)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 4 contracts

Samples: Effectiveness Agreement (Ucar International Inc), Credit Agreement (Dillards Inc), Credit Agreement (Allen Ethan Interiors Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.8, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year360 days) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1-1/2%.

Appears in 3 contracts

Samples: Revolving Credit and Guaranty Agreement (Flagstar Companies Inc), Credit Agreement (Payless Cashways Inc), Credit and Guaranty Agreement (Marvel Entertainment Group Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable ABR Margin.

Appears in 3 contracts

Samples: Revolving Credit and Guaranty Agreement (Tower International, Inc.), Revolving Credit and Guaranty (Tower International, Inc.), Credit and Guaranty Agreement (Tower Automotive, LLC)

Interest on Loans. (a) Subject to the provisions of Section 2.082.11, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 3 contracts

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

Interest on Loans. (a) Subject to the provisions of Section 2.082.11, the Revolving Credit Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Northwestern Steel & Wire Co), Credit Agreement (Northwestern Steel & Wire Co), Credit Agreement (Northwestern Steel & Wire Co)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 3 contracts

Samples: Credit Agreement (AAC Holdings, Inc.), Credit Agreement (AAC Holdings, Inc.), Revolving Credit Agreement (Washington Water Power Co)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the unpaid principal amount of the Loans comprising each ABR Loan Borrowing shall bear interest for each day (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.9, each ABR Loan shall bear interest (computed, for ABR Loans wherein the Alternate Base Rate is determined by reference to the Base CD Rate or the Federal Funds Effective Rate, on the basis of the actual number of days elapsed over a year of 360 days, and otherwise computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1.75%.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing and Swingline Loans shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 3 contracts

Samples: Credit Agreement (Collins & Aikman Corp), Credit Agreement (Collins & Aikman Corp), Credit Agreement (Collins & Aikman Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Dynegy Inc.), Credit Agreement (Dynegy Inc /Il/), Term Loan Agreement (Maxxam Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.06, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Alternate Base Rate plus the Applicable ABR Margin.

Appears in 3 contracts

Samples: Term Loan and Guaranty Agreement (Tower International, Inc.), Term Loan and Guaranty Agreement (Tower International, Inc.), Term Loan and Guaranty Agreement (Tower International, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the outstanding Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed (i) for ABR Loans based on the Base Rate (other than with respect to the Federal Funds Rate), over a year of 365 365/366 days or 366 days in and (ii) for ABR Loans based on the Federal Funds Rate, over a leap yearyear of 360 days) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 3 contracts

Samples: Credit Agreement (Enexus Energy CORP), Credit Agreement (Entergy Corp /De/), Collateral Agreement (Enexus Energy CORP)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Credit Agreement (NRG Energy, Inc.), Credit Agreement (NRG Energy Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.08(c) and Section 2.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) days, as applicable), at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Security Agreement (Carson Pirie Scott & Co /Il/), Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginABR Spread.

Appears in 2 contracts

Samples: Credit Agreement (Travelcenters of America Inc), Credit Agreement (Foodbrands America Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.

Appears in 2 contracts

Samples: Credit Agreement (King Pharmaceuticals Inc), Credit Agreement (Alpharma Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: And Term Loan Agreement (Ethyl Corp), Term Loan Agreement (Ethyl Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Avista Corp), Credit Agreement (Avista Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, The Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days (or, in the case of ABR Loans that bear interest by reference to the Base Rate, 365 days or 366 days in a leap yeardays, as applicable) and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Gastar Exploration Inc.), Credit Agreement (Gastar Exploration Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate with respect to such Loans.

Appears in 2 contracts

Samples: Credit Agreement (SMURFIT-STONE CONTAINER Corp), Credit Agreement (Smurfit Stone Container Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 360 days or 366 days in a leap yearand calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Reliant Software, Inc.), Revolving Credit Agreement (Community Choice Financial Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year360 days) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Maxxam Inc), Revolving Credit Agreement (Maxxam Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Interest Applicable MarginPercentage in effect from time to time (such interest, “ABR Interest”).

Appears in 2 contracts

Samples: Pyxus Term Loan Credit Agreement (Pyxus International, Inc.), Intabex Term Loan Credit Agreement (Pyxus International, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Credit Agreement (Collins & Aikman Corp), Credit Agreement (Collins & Aikman Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Credit Agreement (Sportsman's Warehouse Holdings, Inc.), Term Loan Agreement (Sportsman's Warehouse Holdings, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Borrowing and each Swingline Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Base Rate is determined by reference to the Prime Rate, and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 2 contracts

Samples: Credit Agreement (Orient Express Hotels LTD), Credit Agreement (Belmond Ltd.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Allegiant Travel CO), Credit Agreement (Latam Airlines Group S.A.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Intercreditor Agreement (Delta Air Lines Inc /De/), Term Loan and Guaranty Agreement (Delta Air Lines Inc /De/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 360 days or 366 days in a leap yearat all times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Affirmative Insurance Holdings Inc), Credit Agreement (Affirmative Insurance Holdings Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing (including any Borrowing of Swingline Loans) shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginABR Spread.

Appears in 2 contracts

Samples: Credit Agreement (Travelcenters of America Inc), Credit Agreement (Travelcenters Realty Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginABR Spread in effect at such time with respect to such Loans. Swingline Loans shall bear interest at the rate applicable to ABR Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Jsce Inc), Credit Agreement (Jefferson Smurfit Corp /De/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 2 contracts

Samples: Credit Agreement (Avista Corp), Avista Corp

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 1 contract

Samples: Credit Agreement (El Paso Electric Co /Tx/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus 2.50%; however, such interest rate shall never be lower than 7.25% (the Applicable Margin."ABR Floor"). As used in this Agreement, the "ABR" or "

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Act Manufacturing Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear bear, and the Borrower promises to pay, interest (computed on the basis of the actual number of days elapsed (including the first day but excluding the last day) over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 1 contract

Samples: Credit Agreement (Oak Industries Inc)

Interest on Loans. (a) a. Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Domestic Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Cbre Group, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.05(c) and Section 2.06, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) days, as applicable), at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.8, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 1 contract

Samples: Credit Agreement (On Command Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.9, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year360 days) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin3%.

Appears in 1 contract

Samples: Revolving Credit Agreement (Icg Holdings Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus (i) 1.50% in the Applicable Margincase of Tranche A Loans and (ii) 2.50% in the case of the Tranche B Loan.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Collins & Aikman Corp)

AutoNDA by SimpleDocs

Interest on Loans. (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Systemax Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus (i) 1.75% in the Applicable Margincase of Tranche A Loans and (ii) 2.75% in the case of the Tranche B Loan.

Appears in 1 contract

Samples: Loan and Guaranty Agreement

Interest on Loans. (a) Subject to the provisions of Section Sections 2.07 and 2.08, the Loans comprising each ABR Loan Borrowing (including each Swingline Loan) shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPricing Margin in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Cross Country Healthcare Inc)

Interest on Loans. (a) Tranche A Loans (i) Subject to the provisions of Section 2.082.10, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as applicable) at a rate per annum that shall be equal to the then Alternate Base Rate Rate, plus the Applicable MarginMargin for ABR Loans.

Appears in 1 contract

Samples: Credit Agreement (Hechinger Co)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the outstanding Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each Tranche A Loan that is an ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin2.50%.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kasper a S L LTD)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1.50%.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Delphi Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1.25%.

Appears in 1 contract

Samples: Credit Agreement (International Manufacturing Services Inc)

Interest on Loans. (a) Subject to the provisions of subsection (c) below and Section 2.082.4, each Term Loan which is an ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year360 days) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1-1/2%.

Appears in 1 contract

Samples: Credit Agreement (Payless Cashways Inc)

Interest on Loans. (ai) Subject to the provisions of Section 2.082.06, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year360 days) at a rate per annum that shall be equal to the then Alternate Base Rate plus Rate, PLUS the Applicable Overadvance Margin.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc)

Interest on Loans. (a) Subject a)Subject to the provisions of Section 2.082.9, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Credit Facility Agreement (Albemarle Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.8, each ABR Loan shall bear interest (computed, for ABR Loans wherein the Alternate Base Rate is determined by reference to the Base CD Rate or the Federal Funds Effective Rate, on the basis of the actual number of days elapsed over a year of 360 days, and otherwise computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin2.25%.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hayes Lemmerz International Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.

Appears in 1 contract

Samples: Credit Agreement (Burns Philp Netherlands European Holdings Bv)

Interest on Loans. (a) Subject to the provisions of Section 2.082.11, each ABR Loan shall bear interest (computed, for ABR Loans wherein the Alternate Base Rate is determined by reference to the Federal Funds Rate or the Adjusted LIBOR Rate, on the basis of the actual number of days elapsed over a year of 360 days, and otherwise computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Agreement (Federal-Mogul Holdings Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the 52 Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Security Agreement (Delta Air Lines Inc /De/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, each Loan comprising an ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be, at all times, and calculated from and including the date of such Loan was deemed made to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 1 contract

Samples: Loan Agreement

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin2.75%.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Ual Corp /De/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.plus

Appears in 1 contract

Samples: Credit Agreement (Hudson Respiratory Care Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin3.00%.

Appears in 1 contract

Samples: Credit Agreement (Res Acquisition Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin minus 1.00%.

Appears in 1 contract

Samples: Credit Agreement (U Haul International Inc)

Interest on Loans. (aiv) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginSpread in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (El Paso Electric Co /Tx/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect for such Loans from time to time.

Appears in 1 contract

Samples: Credit Agreement (Rayonier Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate.

Appears in 1 contract

Samples: Credit Agreement (Popular Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 360 days or 366 days in a leap yearat all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.9, each ABR Loan shall ----------- bear interest (computed, for ABR Loans wherein the Alternate Base Rate is determined by reference to the Base CD Rate or the Federal Funds Effective Rate, on the basis of the actual number of days elapsed over a year of 360 days, and otherwise computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin2.50%.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Federal Mogul Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Acterna Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, each ABR Loan shall bear interest (computed on the basis of the 44 43 actual number of days elapsed over a year of 360 days or, in the event the Alternate Base Rate is based on the Prime Rate, 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Transtar Holdings Lp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Second-Lien Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable ABR Margin.

Appears in 1 contract

Samples: Credit Agreement (Graham Packaging Holdings Co)

Interest on Loans. (a) Subject to the provisions of Section 2.08, each A Loan comprising an ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap yeardays, as the case may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time; provided, however, at no time will the per annum interest rate on the Loans exceed the Total Cap (plus default interest, if any).

Appears in 1 contract

Samples: Senior Unsecured (Avis Budget Group, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Dynegy Inc /Il/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.

Appears in 1 contract

Samples: Credit Agreement (Ethan Allen Interiors Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.9, the Loans comprising each ABR Loan Borrowing (whether of Syndicated Loans or of a Swingline Loan) shall bear interest (at a rate per annum equal to the Alternate Base Rate. Such interest shall be computed on the basis of the actual number of days elapsed elapsed, over (if such interest is determined on the basis of the Prime Rate) a year of 365 days or 366 days in days, as the case may be, or (if such interest is determined on the basis of the Federal Funds Effective Rate) a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Marginyear of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Movado Group Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.10, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year360 days) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Olympus Communications Lp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate ABR plus the Applicable Margin.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Jetblue Airways Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginABR Spread in effect at such time with respect to such Loans.

Appears in 1 contract

Samples: Credit Agreement (Johnstown America Industries Inc)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 360 days or 366 days in a leap yearat all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (GT Solar International, Inc.)

Interest on Loans. (a) Subject to the provisions of Section 2.082.07, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate or the U.S. Base Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginRate in effect at such time with respect to such Loans.

Appears in 1 contract

Samples: Credit Agreement (Stone Container Corp)

Interest on Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each ABR Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 days or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Raytheon Co/)

Interest on Loans. (a) Subject to the provisions of Section 2.082.09, each ABR Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days or, when the Alternate Base Rate is based on the Prime Rate, a year with 365 days or 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin3.00%.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (McLeodusa Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.