Interest on the Loans and Other Obligations Clause Samples

Interest on the Loans and Other Obligations. (a) Rate of ------------------------------------------- ------- Interest. All Loans and the outstanding principal balance of all other -------- Obligations shall bear interest on the unpaid principal amount thereof from the date such Loans are made and such other Obligations are due and payable until paid in full, except as otherwise provided in Section 4.01(d), as follows: --------------- (i) Prior to the Merger Funding Date: (B) If a Eurodollar Rate Loan, at a rate per annum equal to the sum of (x) the Eurodollar Rate determined for the applicable Eurodollar Interest Period, plus (y) the Applicable Tender Offer Margin in effect from time to ---- time during such Eurodollar Interest Period, plus (z) any additional ---- interest due pursuant to clause (iii) hereof; ------------ (ii) On and after the Merger Funding Date: (B) if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (x) the Eurodollar Rate determined for the applicable Eurodollar Interest Period, plus (y) the Applicable Merger Margin in effect from time during ---- such Eurodollar Interest Period, plus (z) any additional interest due ---- pursuant to clause (iii) hereof; ------------ The applicable basis for determining the rate of interest on the Loans shall be selected by the applicable Borrower at the time a Notice of Borrowing or a Notice of Conversion/Continuation is delivered by such Borrower to the Administrative Agent; provided, however, such Borrower may not select the -------- ------- Eurodollar Rate as the applicable basis for determining the rate of interest on such a Loan if at the time of such selection an Event of Default or Default would occur or has occurred and is continuing. If on any day any Loan is outstanding with respect to which notice has not been timely delivered to the Administrative Agent in accordance with the terms hereof specifying the basis for -66- determining the rate of interest on that day, then for that day interest on that Loan shall be determined by reference to the Base Rate. (iii) As long as any Lender shall be required under the regulations of the Federal Reserve Board to maintain reserves with respect to assets or liabilities or assets consisting of or including Eurodollar Rate Loans, such Lender may require the Borrowers to pay to such Lender additional interest on the unpaid principal amount of each such Loan of such Lender, from the date of the continuation, conversion or Borrowing of such Loan until such principal amount is paid in full...