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Interest Rates
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Interest Rates
. (a) Each Base Rate
Loan shall
bear
interest on the
outstanding principal amount
thereof, for each day from the date such Loan is made until it becomes due, at a rate
per annum
equal to
the Base Rate
for such day. Such interest shall be payable for each
Interest Period
on the
last day
thereof. Any overdue
principal of
or
interest on any
Base Rate Loan shall bear interest,
payable on demand
, for each day until paid at a rate per annum equal to the
sum of
2% plus
the rate
otherwise
applicable to
Base Rate Loans
for such day.
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Interest Rates
. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability
with respect to
the administration
, submission or any
other matter
related to
any
reference rate
referred to herein or with respect to any rate (including,
for the avoidance of doubt
, the
selection of
such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including,
without limitation
, any
Successor Rate
) (or any component of any of
the foregoing
) or the
effect of
any of the foregoing, or of any
Conforming Changes
.
The Administrative Agent and its affiliates
or other
related entities
may engage in transactions or
other activities
that affect any reference rate referred to herein, or any alternative, successor or
replacement rate
(including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or
other adjustments
thereto, in
each case
, in a manner adverse
to the Borrower
. The Administrative Agent may select
information sources
or services in its
reasonable discretion
to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing), in each case pursuant to the
terms of this Agreement
, and shall have
no liability
to the Borrower, any Lender or any other
person or entity
for damages of any kind, including
direct or indirect
, special, punitive,
incidental or consequential damages
, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or
other action
or omission related to or affecting the selection, determination, or
calculation of
any rate (or component thereof) provided by any
such information
source or service.
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Interest Rates
.
The Administrative Agent
does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability
with respect to
the administration
, submission or any
other matter
related to
the rates in
the definition of
“
Eurodollar Rate
” or with respect to any rate that is an alternative or replacement for or successor to any of such rate (including,
without limitation
, any LIBOR Successor Rate) or the
effect of
any of
the foregoing
, or of any
LIBOR Successor Rate Conforming Changes
.
Sample 1
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Interest Rates
. Except as provided in Section 2.6(c),
all Obligations
(except for
undrawn Letters of Credit
) that have been charged to
the Loan Account
pursuant to the terms
hereof shall bear interest as follows:
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Interest Rates
. The Company promises to pay
interest on the
unpaid principal amount
of
each Loan
for
the period
commencing on the
date of
such Loan until such Loan is
paid in full
as follows:
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Interest Rates
. All outstanding
Obligations shall
bear
interest on the
unpaid principal amount
thereof (including,
to the extent permitted by law
, on interest thereon not paid when due) from the date made until
paid in full in cash
at a rate determined by
reference to
the Base Rate
or the LIBOR Rate and Sections 3.1(a)(i) or (ii), as applicable, but
not to exceed
the
Maximum Rate
described in
Section 3.3
. Subject to the provisions of
Section 3.2
, any of
the Loans
may be converted into, or continued as,
Base Rate Loans
or
LIBOR Rate Loans
in the manner provided in Section 3.2. If
at any time
Loans are outstanding
with respect to
which notice has not been delivered to
the Agent
in accordance with
the
terms of this Agreement
specifying
the basis
for determining the interest
rate applicable
thereto, then those
Loans shall
be Base Rate Loans and shall bear interest at a rate determined by reference to the Base Rate until
notice to the
contrary has been given to the Agent in accordance with this Agreement and such notice has
become effective
.
Except as otherwise provided
herein, the outstanding Obligations shall bear interest as follows:
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Interest Rates
. Each Japan Local Currency Advance that is a
TIBO Rate Advance
shall bear interest from and including the first
day of
the
Interest Period applicable thereto
to (but not including) the
last day
of such Interest Period at a rate
per annum
equal to
the
sum of
(i) the TIBO Rate for such Japan Local Currency Advance for such Interest Period plus (ii) the
Applicable Margin
as
in effect
from time to time
during such Interest Period; provided, however,
after the occurrence and during the continuance of an Event of Default
or an event that would constitute an Event of Default but for
the requirement
that notice be given or time elapse or both,
the provisions of Section
2.07(d) of
the Credit Agreement
shall be applicable. Each Japan Local Currency Advance that is a
Japan Base Rate Advance
shall bear interest during any Interest Period at a per annum rate equal to the sum of (i) the Japan Base Rate plus (ii) the Applicable Margin in effect from time to time during such Interest Period. The
terms of
Section 2.07 and the other
provisions of the
Credit Agreement shall otherwise govern the accrual and payment of
interest on
Japan Local Currency Advances
.
Sample 1
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Interest Rates
. Except as provided
in clause
(c) below,
all Obligations
(except for
undrawn Letters of Credit
) that have been charged to
the Loan Account
pursuant to the terms
hereof shall bear
interest on the
Daily Balance
thereof as follows (i) if the
relevant Obligation
is an Advance that is a
LIBOR Rate Loan
, at a
per annum
rate
equal to
the LIBOR Rate plus the
LIBOR Rate Margin
, and (ii) otherwise, at a per annum rate equal to
the Base Rate
plus the
Base Rate Margin
.
Sample 1
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Interest Rates
.
The Administrative Agent
does not warrant or accept
responsibility for
, and shall not have any liability
with respect to
,
the administration
, submission or any
other matter
related to
the rates in
the definition of
“
LIBO Rate
” or with respect to any comparable or
successor rate
thereto, or
replacement rate
therefor.
Sample 1
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Interest Rates
. Each
Floating Rate Advance
shall bear
interest on the
outstanding principal amount
thereof, for each day from and including the date such Advance is made or is automatically converted from a
Eurodollar Advance
into a Floating Rate Advance
pursuant to Section
2.7, to
but excluding
the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.7 hereof, at a rate
per annum
equal to
the Floating Rate for such day.
Changes in
the
rate of interest
on that portion of
any Advance
maintained as a Floating Rate Advance will take effect
simultaneously with
each
change in
the
Alternate Base Rate
. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first
day of
the
Interest Period applicable thereto
to (but not including) the
last day
of such Interest Period at
the interest rate
determined by
the Agent as
applicable to
such Eurodollar Advance based upon
the Borrower Representative
’s selections under Sections 2.1.1 and 2.7 and otherwise
in accordance with
the terms
hereof.
No Interest
Period may end after the
Facility Termination Date
. If
at any time
Loans are outstanding
with respect to
which the Borrower Representative has not delivered a
notice to the Agent
specifying
the basis
for determining the interest
rate applicable
thereto, those
Loans shall
bear interest at the Floating Rate.
Sample 1
Sample 2
Sample 3
See All (141)
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