Interest on the Loans. A. RATE OF INTEREST. Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Adjusted Eurodollar Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Term Loan or any Revolving Loan shall be selected by Company initially at the time a Notice of Borrowing is given with respect to such Loan pursuant to subsection 2.1B, and the basis for determining the interest rate with respect to any Term Loan or any Revolving Loan may be changed from time to time pursuant to subsection 2.2D. If on any day a Term Loan or Revolving Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the Base Rate. From Closing Date through the Restatement Effective Date (i) the Tranche A Term Loans and the Revolving Loans bore interest and shall bear interest, (y) if a Base Rate Loan, then at the sum of the Base Rate plus 2.25% and (z) if a Eurodollar Rate Loan, then at the sum of the Adjusted Eurodollar Rate plus 3.25% per annum, and (ii) the Tranche B Term Loans bore interest and shall bear interest (y) if a Base Rate Loan, then at the sum of the Base Rate plus 3.00% per annum and (2) if a Eurodollar Rate Loans, then at the sum of the Adjusted Eurodollar Rate plus 4.00% per annum.
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Samples: Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (Petco Animal Supplies Inc)
Interest on the Loans. A. RATE OF INTERESTRate of Interest. Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Adjusted Eurodollar Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Term Loan or any Revolving Loan shall be selected by Company initially at the time a Notice of Borrowing is given with respect to such Loan pursuant to subsection 2.1B, and the basis for determining the interest rate with respect to any Term Loan or any Revolving Loan may be changed from time to time pursuant to subsection 2.2D. If on any day a Term Loan or Revolving Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the Base Rate. From Closing Date through Subject to the Restatement Effective Date (i) provisions of subsections 2.2E and 2.7, the Tranche A Term Loans and the Revolving Loans bore interest and shall bear interest, (y) if a Base Rate Loan, then at the sum of the Base Rate plus 2.25% and (z) if a Eurodollar Rate Loan, then at the sum of the Adjusted Eurodollar Rate plus 3.25% per annum, and (ii) the Tranche B Term Loans bore interest and shall bear interest (y) if a Base Rate Loan, then at the sum of the Base Rate plus 3.00% per annum and (2) if a Eurodollar Rate Loans, then at the sum of the Adjusted Eurodollar Rate plus 4.00% per annum.through maturity as follows:
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Interest on the Loans. A. RATE OF INTEREST. Subject to the provisions of subsections 2.6 and 2.7, (x) each Term Loan, each Revolving Loan and each Revolving Offshore Loan denominated in Dollars shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Adjusted Eurodollar Rate and (y) each Offshore Loan denominated in Euros shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the EURO-LIBOR Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Term Loan, any Revolving Loan or any Revolving Offshore Loan shall be selected by Company the applicable Borrower initially at the time a Notice of Borrowing is given with respect to such Loan pursuant to subsection 2.1B (subject to the last sentence of subsection 2.1B), and the basis for determining the interest rate with respect to any Term Loan, any Revolving Loan or any Revolving Offshore Loan may be changed from time to time pursuant to subsection 2.2D. 2.2D (subject to the last sentence of subsection 2.1B). If on any day a Term Loan, Revolving Loan or Revolving Offshore Loan denominated in Dollars is outstanding with respect to which notice has not been delivered to Administrative Agent (or has not yet been given effect) in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the Base Rate. From Closing Date through the Restatement Effective Date (i) the Tranche A Term Loans and the Revolving Loans bore interest and shall bear interest, (y) if a Base Rate Loan, then at the sum of the Base Rate plus 2.25% and (z) if a Eurodollar Rate Loan, then at the sum of the Adjusted Eurodollar Rate plus 3.25% per annum, and (ii) the Tranche B Term Loans bore interest and shall bear interest (y) if a Base Rate Loan, then at the sum of the Base Rate plus 3.00% per annum and (2) if a Eurodollar Rate Loans, then at the sum of the Adjusted Eurodollar Rate plus 4.00% per annum.
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Interest on the Loans. A. RATE OF INTERESTRate of Interest. Subject to the provisions of subsections 2.6 and 2.7, each Term Loan and each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Adjusted Eurodollar Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Term Loan or any Revolving Loan shall be selected by Company initially at the time a Notice of Borrowing is given with respect to such Loan pursuant to subsection 2.1B, and the basis for determining the interest rate with respect to any Term Loan or any Revolving Loan may be changed from time to time pursuant to subsection 2.2D. If on any day a Term Loan or Revolving Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the Base Rate. From Closing Date through Subject to the Restatement Effective Date (i) provisions of subsections 2.2E and 2.7, the Tranche A Term Loans and the Revolving Loans bore interest and shall bear interest, interest through maturity as follows: (yi) if a Base Rate Loan, then at the sum of the Base Rate plus 2.25% and the ---- Applicable Base Rate Margin; or (zii) if a Eurodollar Rate Loan, then at the sum of the Adjusted Eurodollar Rate plus 3.25% per annumthe Applicable Eurodollar Rate Margin. ---- Subject to the provisions of subsections 2.2E and 2.7, and (ii) the Tranche B Term Swing Line Loans bore interest and shall bear interest (y) if a Base Rate Loan, then through maturity at the sum of the Base Rate plus the ---- Applicable Base Rate Margin. Upon delivery of the Margin Determination Certificate by Company to Administrative Agent pursuant to subsection 6.1(xix), the Applicable Base Rate Margin and Applicable Eurodollar Rate Margin shall automatically be adjusted in accordance with such Margin Determination Certificate, such adjustment to become effective on the next succeeding Margin Reset Date; provided that (1) at any -------- time a Margin Determination Certificate is not delivered at the time required pursuant to subsection 6.1(xix), from the time such Margin Determination Certificate was required to be delivered until delivery of such Margin Determination Certificate, with respect to Tranche A Term Loans and Revolving Loans, the Applicable Base Rate Margin shall be 2.00% and the Applicable Eurodollar Rate Margin shall be 3.00%, with respect to Tranche B Term Loans, the Applicable Base Rate Margin shall be 2.25% per annum and the Applicable Eurodollar Rate Margin shall be 3.25%, and with respect to Tranche C Term Loans, the Applicable Base Rate Margin shall be 2.75% and the Applicable Eurodollar Rate Margin shall be 3.375%, and (2) if a Eurodollar Rate Loans, then at Margin Determination Certificate erroneously indicates an applicable margin (x) more favorable to Company than should be afforded by the sum actual calculation of the Adjusted Eurodollar Rate plus 4.00% per annum.Consolidated Total Leverage Ratio, Company shall promptly pay additional interest and letter of credit fees to correct for such error, and (y) less favorable to Company than should be afforded by the actual calculation of the Consolidated Total Leverage Ratio, Lenders shall promptly reimburse Company an amount equal to such excess interest and letter of credit fees to correct for such error. B.
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