Common use of Interest on Swingline Loans Clause in Contracts

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender to the Borrower which is the interest rate determined in the Swingline Lender’s discretion at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the “Quoted Rate”), provided that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 6 contracts

Sources: Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement, Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender H▇▇▇▇▇ Bank to the Borrower which is the interest rate determined in the Swingline Lender’s H▇▇▇▇▇ Bank's discretion at which the Swingline Lender H▇▇▇▇▇ Bank would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the "Quoted Rate"), provided that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 1.11 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 2 contracts

Sources: Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 (for Swingline Loans bearing interest at the Quoted Rate) or 365 or 366 (for Swingline Loans bearing interest at the Domestic Rate) days and actual days elapsed)) for the Interest Period selected therefor at the Domestic Rate plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender to the Borrower which is the interest rate determined in the Swingline Lender’s discretion at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the “Quoted Rate”), provided that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 2 contracts

Sources: Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender Administrative Agent to the Borrower which is the interest rate determined in the Swingline Lender’s Administrative Agent's discretion at which the Swingline Lender Administrative Agent would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the "Quoted Rate"), provided PROVIDED that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender to the Borrower which is the interest rate determined in the Swingline Lender’s discretion at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the “Quoted Rate), provided that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 1 contract

Sources: Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus PLUS the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender ▇▇▇▇▇▇ Bank to the Borrower which is the interest rate determined in the Swingline Lender’s ▇▇▇▇▇▇ Bank's discretion at which the Swingline Lender ▇▇▇▇▇▇ Bank would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the "Quoted Rate"), provided PROVIDED that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus PLUS the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender Administrative Agent to the Borrower which is the interest rate determined in the Swingline Lender’s Bank's discretion at which the Swingline Lender Bank would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the "Quoted Rate"), provided PROVIDED that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus PLUS the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender ▇▇▇▇▇▇ Bank to the Borrower which is the interest rate determined in the Swingline Lender’s ▇▇▇▇▇▇ Bank's discretion at which the Swingline Lender ▇▇▇▇▇▇ Bank would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the "Quoted Rate"), provided PROVIDED that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Interest on Swingline Loans. Each Swingline Loan shall bear interest (computed on the basis of a year of 360 days and actual days elapsed) for the Interest Period selected therefor at the Domestic Rate plus the Applicable Margin for Domestic Rate Loans or at the rate quoted by the Swingline Lender ▇▇▇▇▇▇ Bank to the Borrower which is the interest rate determined in the Swingline Lender’s ▇▇▇▇▇▇ Bank's discretion at which the Swingline Lender ▇▇▇▇▇▇ Bank would be willing to make such Swingline Loan available to the Borrower for such Interest Period (the rate so quoted for a given Interest Period being herein referred to as the "Quoted Rate"), provided that if any Swingline Loan is not paid when due (whether by lapse of time, acceleration or otherwise) such Swingline Loan shall bear interest whether before or after judgment, until payment in full thereof through the end of the Interest Period then applicable thereto at the rate set forth in Section 1.10 hereof. Interest on each Swingline Loan shall be due and payable on the last day of each Interest Period applicable thereto, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)