Common use of Interest on Revolving Credit Loans Clause in Contracts

Interest on Revolving Credit Loans. (i) Subject to SECTION 2.12, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 5 contracts

Samples: Credit Agreement (Toys R Us Inc), Intercreditor Agreement (Toys R Us Inc), Credit Agreement (Toys R Us Inc)

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Interest on Revolving Credit Loans. (ia) Subject to SECTION 2.12, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 5 contracts

Samples: Credit Agreement (COHOES FASHIONS of CRANSTON, Inc.), Credit Agreement (Burlington Stores, Inc.), Credit Agreement (Music123, Inc.)

Interest on Revolving Credit Loans. (i) Subject to SECTION 2.12, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Gym-Card, LLC), Credit Agreement (Gymboree Corp), Credit Agreement (Gymboree Corp)

Interest on Revolving Credit Loans. (i) Subject to SECTION 2.12, each Revolving Credit Loan that is a Prime Rate Loan made by a Revolving Credit Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Revolving Credit Loans that are Prime Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Gymboree Corp)

Interest on Revolving Credit Loans. (i) Subject to SECTION 2.12, each Revolving Credit Loan which is a Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 1 contract

Samples: Possession Credit Agreement (Toys R Us Inc)

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Interest on Revolving Credit Loans. (ia) Subject to SECTION 2.12, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Michaels Stores Inc)

Interest on Revolving Credit Loans. (i) i. Subject to SECTION 2.12, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Burlington Stores, Inc.)

Interest on Revolving Credit Loans. (ia) Subject to SECTION 2.122.10, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Tweeter Home Entertainment Group Inc)

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