Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any. (b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%). (c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan Except as provided in Section 2.07(b), the Advances shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal on the unpaid principal amount thereof from and including the date of such Advance to (i) and excluding the Adjusted LIBO Rate determined for date such day plus (ii) the Applicable Margin plus (iii) principal amount shall be paid in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member Statefull, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be 90 Day T&T T-▇▇▇▇ for each day during each Interest Period applicable thereto pursuant to plus the foregoing provisions of this Section plus 2%Applicable Margin. If all or a portion of any Accrued interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest each Advance shall be payable in arrears on each Interest Payment Date.
(b) Upon the occurrence and during the continuance of an Event of Default, provided that the Borrower shall pay interest accruing on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a) above and on demand, at a rate per annum equal at all times to 2% per annum plus (x) the rate per annum required to be paid on or otherwise applicable to such Advance pursuant to paragraph clause (ca) above; and (ii) to the fullest extent permitted by law, the amount of this Section any interest, fee or other amount payable under the Loan Documents that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable from time to time in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum plus (x) the rate per annum that would be required to be paid at such time in respect of any unpaid principal amount of an Advance pursuant to clause (a) above, or (y) the rate per annum otherwise determined pursuant to the 90 Day T&T T-▇▇▇▇ and then in effect plus the Applicable Margin.
Appears in 3 contracts
Sources: Credit Agreement, Credit Agreement (Digicel Group LTD), Tranche F Credit Agreement (Digicel Group LTD)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyapplicable for Eurodollar Loans.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)applicable for ABR Loans.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of the principal amount of, or any interest payable on on, any Revolving Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than or under any amount to which the preceding sentence is applicable) Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate then that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 3.00 % or (y) in the case of any other amount, the rate applicable to ABR Loans plus 2% 3.00%, in each case, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (CorePoint Lodging Inc.), Credit Agreement (CorePoint Lodging Inc.), Credit Agreement (CorePoint Lodging Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Revolving Loan or L/C Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of L/C Obligations, the rate applicable to Base Rate Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Revolving Loan or L/C Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee Commitment Fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2% or (y) in the case of any overdue interest, Commitment Fee or other amount, equal to the rate then applicable to ABR Loans plus 2% %, in each case from the date of such non-payment until such amount is paid in full (as well whether before or after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (DreamWorks Animation SKG, Inc.), Credit Agreement (DreamWorks Animation SKG, Inc.), Credit Agreement (DreamWorks Animation SKG, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon the occurrence and during the continuance of an Event of Default under subsection 8(a), (i) all outstanding Loans (whether or not overdue) and any overdue amounts hereunder shall bear interest at a rate per annum equal to which is (A) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.12 plus 2%. If all % or a portion (B) in the case of any interest payable on any Loan or any Reimbursement Obligations, overdue interest, commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate applicable to ABR Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after judgment as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.12 shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Lin Television Corp), Credit Agreement (WTNH Broadcasting Inc), Credit Agreement (STC Broadcasting Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency ABR Loan shall bear interest at a rate per annum equal to the ABR.
(b) Each Revolving Credit Loan that is a Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) Each Bid Loan shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. as provided in subsection 2.18.
(d) If all or a portion of (i) the principal amount of any Loan or (ii) any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, the rate described in paragraph (a) of this subsection plus 2%, in each case from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(de) Interest on each Revolving Credit Loan and each Swing Line Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section subsection shall be payable from time to time on demand. Interest on each Bid Loan shall be payable as set forth in the applicable Bid Note.
Appears in 3 contracts
Sources: Credit Agreement (Western Union CO), Credit Agreement (First Data Corp), Credit Agreement (Western Union CO)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect on such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest for each day at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to Alternate Base Rate in effect on such day plus the foregoing provisions of this Section plus 2%. Applicable Margin in effect on such date.
(c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the Alternate Base Rate plus the Applicable Margin in effect on such date plus 2%, in each case from the date of such non-payment until to but excluding the date such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (El Paso Production Holding Co), Credit Agreement (El Paso CGP Co), Credit Agreement (El Paso Corp/De)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During On and after the continuance occurrence of an Event of Default, until the time when such Event of Default shall have been cured or waived in writing by the Required Lenders or all the Lenders (as required by this Agreement), the Borrower shall pay interest on the aggregate, outstanding Loans principal amount of all Obligations hereunder at a per annum rate equal to the otherwise applicable interest rate plus two percent (whether or not overdue2.00%) or, if no such per annum rate is applicable to any such Obligations, at a per annum rate equal to the ABR, plus the Applicable Margin for ABR Loans, plus two percent (2.00%) payable on demand. Overdue interest shall itself bear interest at a rate per annum equal such applicable default rate, and shall be compounded with the principal Obligations daily, to the rate that would otherwise be fullest extent permitted by applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment)law.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.10(c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Fair Isaac Corp), Credit Agreement (Fair Isaac Corp), Credit Agreement (Fair Isaac Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurocurrency Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) Each Multicurrency Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Eurocurrency Rate plus the Applicable Margin in effect for such day.
(d) Each CAF Advance shall bear interest at the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. determined in accordance with subsection 2.9.
(e) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on thereon, (iii) any Loan or any commitment facility fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, facility fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment).
(df) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date or CAF Advance Interest Payment Date, as the case may be, provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day day, plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Weekly Reset LIBO Rate Loan shall bear interest at a rate per annum equal to (i) the ABR Weekly Reset LIBO Rate, plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans Weekly Reset LIBO Rate plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Bunge LTD), Credit Agreement (Bunge LTD), Credit Agreement (Bunge LTD)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in Margin. For avoidance of doubt, it is understood that interest payable on a Eurodollar Loan for any Interest Period shall accrue from and including the case first day of a Eurocurrency Loan such Interest Period to but excluding the last day of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anysuch Interest Period.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to (i) the ABR Base Rate in effect for such day plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon the occurrence and during the continuance of an Event of Default described in Section 8(a), at the election of either the Administrative Agent or the Required Lenders, all outstanding Loans amounts payable under this Agreement (whether or not overdueto the extent legally permitted) shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.08 plus 22.00%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest Accrued interest on each Loan shall be payable in arrears capitalized as of and added to principal of the Loans on each Interest Payment Date, ; provided that the Borrower may, at its election, pay any such accrued interest in cash on such date; provided, however, that such interest payment is made either entirely in cash or 50% in cash. The Borrower may make such election five Business Days prior to the beginning of the Interest Period and shall deliver to the Administrative Agent at least five Business Days prior to the beginning of the Interest Period, a written notice setting forth the portion of such interest payment to be made in the form of cash. Interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand and capitalized as of and added to the principal of the Loans on each Interest Payment Date.
Appears in 3 contracts
Sources: Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%Margin; provided that so long as the Lenders have not been required to purchase participations in Swingline Loans pursuant to Section 2.8(c).
(c) During the continuance of an Event of Default all outstanding , Swingline Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to ABR plus the foregoing provisions of this Section plus 2%. Applicable Margin minus the Commitment Fee Rate.
(c) If all or a portion of any interest amount payable on by the Borrower under any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence Document is applicable) shall not be paid when due (after any applicable grace period), whether at the stated maturity, by acceleration or otherwise), such overdue amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable laws. Furthermore, upon the request of the Required Lenders, at any time an Event of Default exists, the Borrower shall pay interest on the Loans at a fluctuating interest rate then per annum at all times equal to the Default Rate to the fullest extent permitted by applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment)laws.
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cSection 3.5(c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Affiliated Managers Group, Inc.), Credit Agreement (Affiliated Managers Group Inc), Credit Agreement (Affiliated Managers Group Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Revolving Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Base Rate Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Revolving Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 3 contracts
Sources: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate Term Benchmark determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) principal amount of the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan the Loans or any commitment other fee payable in connection herewith (excluding any expenses or other amount payable hereunder (other than any amount to which the preceding sentence is applicableindemnity) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this Section shall be payable from time to time on demand.
(e) The amount of each interest payment received by the Administrative Agent under the applicable Senior Bond shall be deemed to be a payment of interest payable by the Borrower hereunder and shall reduce, dollar-for-dollar, the amount of interest then owing by the Borrower hereunder.
Appears in 3 contracts
Sources: Credit Agreement (PACIFIC GAS & ELECTRIC Co), Term Loan Credit Agreement (PG&E Corp), Term Loan Credit Agreement (PG&E Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of the principal amount of any Loan or Reimbursement Obligation, interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans and Reimbursement Obligations (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate then that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2% from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (World Wrestling Entertainmentinc), Credit Agreement (World Wrestling Entertainmentinc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect on such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all for each day such Loan is outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to ABR in effect on such day plus the foregoing provisions of this Section plus 2%. Applicable Margin in effect on such day.
(c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the ABR plus the effective Applicable Margin plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Westport Resources Corp /Nv/), Credit Agreement (Westport Finance Co)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan Except as provided in Section 2.7(b), the Advances shall bear interest on the unpaid principal amount thereof from and including the date of such Advance to and excluding the date such principal amount shall be paid in full, at a rate per annum equal to LIBOR for each day during each Interest Period with respect applicable thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear Margin. Accrued interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest each Advance shall be payable in arrears on each Interest Payment Date.
(b) Upon the occurrence and during the continuance of an Event of Default, provided that the Borrower shall pay interest accruing on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a) above and on demand, at a rate per annum equal at all times to 2% per annum plus (x) the rate per annum required to be paid on or otherwise applicable to such Advance pursuant to paragraph clause (ca) above, or (y) the rate per annum otherwise applicable to such Advance pursuant to Section 2.9; and (ii) to the fullest extent permitted by law, the amount of this Section any interest, fee or other amount payable under the Loan Documents that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable from time to time in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum plus (x) the rate per annum that would be required to be paid at such time in respect of any unpaid principal amount of an Advance pursuant to clause (a) above, or (y) the rate per annum otherwise determined pursuant to Section 2.9 and then in effect plus the applicable Margin.
Appears in 2 contracts
Sources: Credit Agreement, Tranche E (Euro) Credit Agreement (Digicel Group LTD)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect on such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest for each day at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to Alternate Base Rate in effect on such day plus the foregoing provisions of this Section plus 2%. Applicable Margin in effect on such date.
(c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the overdue principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this Section 4.1 plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the Alternate Base Rate plus the Applicable Margin in effect on such date plus 2%, in each case from the date of such non-payment until to but excluding the date such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 4.1(c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (EP Energy Corp), Credit Agreement (El Paso Corp/De)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Revolving Loan or L/C Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of L/C Obligations, the rate applicable to Base Rate Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Revolving Loan or L/C Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Chesapeake Midstream Partners Lp), Credit Agreement (Chesapeake Midstream Partners, L.P.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Term SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day Term SOFR plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Term SOFR Rate determined for the Interest Period in effect for such day Borrowing plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Each RFR Loan (solely to the continuance extent applicable following a Benchmark Replacement or otherwise pursuant to Section 2.11) shall bear interest at a rate per annum equal to the Adjusted Daily Simple SOFR plus the Applicable Margin.
(i) If all or a portion of an Event the principal amount of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9 plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section 2.9 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Enact Holdings, Inc.), Credit Agreement (Enact Holdings, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Loan for such Interest Period plus (ii) the Applicable Margin plus (iii) for such Loan in effect on the case first day of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anysuch Interest Period.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to (i) the ABR Base Rate in effect from time to time plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) in effect from time to time; provided, that each Base Rate Loan which is a Swing Line Loan shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant Base Rate in effect from time to the foregoing provisions of this Section plus 2%. time.
(c) If all or a portion of (i) the principal amount of any Loan or Reimbursement Obligation, (ii) any interest payable on thereon, (iii) any Loan or any commitment unused fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue interest, unused fee or other amount shall bear interest at a rate per annum equal to (x) in the case of principal, the rate then that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%, (y) in the case of Reimbursement Obligations, the rate applicable to ABR Revolving Credit Loans that are Base Rate Loans plus 2% or (z) in the case of any such overdue interest, unused fee or other amount, the rate described in paragraph (b) of this Section plus 2%, in each case from the date of such non-payment until such overdue amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demandthe earlier of the next succeeding Interest Payment Date and demand therefor.
Appears in 2 contracts
Sources: Credit Agreement (Technical Olympic Usa Inc), Credit Agreement (Engle Homes Inc /Fl)
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)ABR.
(c) During the continuance of an Event of Default all outstanding Loans Each Multicurrency Loan shall be a LIBOR Loan.
(whether or not overdued) Each Swingline Loan shall bear interest interest, at the election of the Borrower, at a rate per annum (rounded upwards, if necessary, to the next 1/100 of one percent) equal to (a) the rate that would otherwise be ABR or (b) the sum of the Federal Funds Effective Rate in effect on each applicable thereto pursuant to day plus the foregoing provisions of this Section plus 2%. Applicable Margin.
(e) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(df) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date, Date provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Henry Schein Inc), Credit Agreement (Henry Schein Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect on such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest for each day at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to ABR in effect on such day plus the foregoing provisions of this Section plus 2%. Applicable Margin in effect on such date.
(c) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the ABR plus the Applicable Margin in effect on such date plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Meridian Resource Corp), Credit Agreement (Meridian Resource Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurocurrency Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) Each Multicurrency Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Eurocurrency Rate plus the Applicable Margin in effect for such day.
(d) Each CAF Advance shall bear interest at the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. determined in accordance with subsection 2.12.
(e) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on thereon, (iii) any Loan or any commitment facility fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and/or any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, facility fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment).
(df) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date or CAF Advance Interest Payment Date, as the case may be, provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (iiwhether at the stated maturity, by acceleration or otherwise) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default and any grace period applicable thereto shall have expired, all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Second Lien Credit Agreement (Bioventus Inc.), Second Lien Credit Agreement (Bioventus Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Each C/D Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the continuance of an Event of Default all outstanding Loans C/D Rate determined for such day plus the Applicable Margin.
(whether or not overdued) Each Money Market Loan shall bear interest at a rate per annum equal to the rate that would otherwise be Money Market Rate applicable thereto pursuant to plus the foregoing provisions of this Section plus 2%. Applicable Margin.
(e) If all or a portion of (i) the principal amount of any Revolving Credit Loan, (ii) any interest payable on any Loan thereon or (iii) any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal (except as otherwise specified in clause (y) below), the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.6 plus 3% or (y) in the case of any overdue principal with respect to Money Market Loans or any overdue interest, commitment fee or other amount, the rate then applicable to ABR Loans described in Section 2.6(b) plus 2% 3%, in each case from the date of such non-payment until to the date on which such amount is paid in full (as well after as before judgment).
(df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.6(e) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Kimco Realty Corp), Credit Agreement (Kimco Realty Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Reimbursement Obligation and each Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender on which it is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the lesser of (i) 18% per annum; and (ii) the highest annual rate that would otherwise be permitted by applicable thereto pursuant to the foregoing provisions of this Section plus 2%. law.
(b) If all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue interest amount shall bear interest at a rate per annum equal to the lesser of (i) 18% per annum; and (ii) the highest annual rate then permitted by applicable to ABR Loans plus 2% law, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full.
(dc) Interest Accrued interest hereunder (up to 14% per annum) shall be payable in arrears on each Interest Payment Datequarterly; provided, provided however, that all interest accruing pursuant to paragraph (cb) of this Section 2.7, and all interest accruing pursuant to paragraph (a) of this Section 2.7 on principal that is due but unpaid, shall be due and payable from time to time on demanddemand by the Lender.
(d) Accrued interest in excess of 14% per annum shall be paid by capitalizing such interest quarterly in arrears as additional Loans, which additional Loans shall thereafter bear interest in accordance with this Section 2.7 and be payable on the Maturity Date, with or without demand by the Lender.
Appears in 2 contracts
Sources: Reimbursement Agreement (Autonation Inc /Fl), Reimbursement Agreement (Anc Rental Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue principal amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Knight Capital Group, Inc.), Credit Agreement (Liquidnet Holdings, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurocurrency Rate determined for such day plus (ii) the Eurocurrency Applicable Margin plus and plus, during the Term-Out Period (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member Stateif it occurs), the Mandatory Cost, if anyTerm-Out Premium.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus, during the Term-Out Period (if it occurs), the Term-Out Premium.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment facility fee or utilization fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% (unless such overdue amount is denominated in a Foreign Currency, in which case such overdue amount shall bear interest of a rate per annum equal to the highest rate then applicable under this Agreement to Foreign Currency Loans denominated in such Foreign Currency plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: 364 Day Credit Agreement (Thermo Electron Corp), 364 Day Credit Agreement (Thermo Electron Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect on such day.
(ba) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest for each day at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to Alternate Base Rate in effect on such day plus the foregoing provisions of this Section plus 2%. Applicable Margin in effect on such date.
(b) If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the Alternate Base Rate plus the Applicable Margin in effect on such date plus 2%, in each case from the date of such non-payment until to but excluding the date such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (csubsection 4.1(c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (El Paso Production Holding Co), Credit Agreement (El Paso Production Holding Co)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.
(i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance If any principal of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable by the Borrower hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR the Loans plus 2% from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment)) and (ii) if any Eligible Assets referred to in the last sentence of Section 2.2(b) are not pledged prior to the close of the DTC free pledge process on the same day as the Pledged Eligible Assets Notice relating to such Eligible Assets, if an Event of Default specified in Section 8 (c)(ii) shall occur and be continuing, the portion of the Borrowing Base A Loans then outstanding not covered by the Loan Value of the Pledged Eligible Assets shall bear interest at a rate per annum equal to the rate then applicable to the Loans plus 2%.
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that (i) interest accruing pursuant to paragraph (cb) of this Section shall be payable from time to time on demanddemand and (ii) in the event of any repayment or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment.
Appears in 2 contracts
Sources: Credit Agreement (Investment Technology Group, Inc.), Credit Agreement (Investment Technology Group, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO LIBOR Rate determined for applicable to such day LIBOR Loan plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.15 plus 2%. If % or (y) in the case of Reimbursement Obligations, the rate applicable to Revolving Credit Loans that are ABR Loans plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment facility fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (in the case of overdue amounts in Dollars), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section 2.15 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Forrester Research, Inc.), Credit Agreement (Forrester Research, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) Each Negotiated Rate Loan shall bear interest at a rate per annum equal to established by the mutual agreement of the Borrower and the Swing Line Lender.
(d) If all or a portion of (i) any principal of any Loan, (ii) any interest payable thereon, (iii) any commitment fee or (iv) any other amount payable hereunder shall not be paid after the expiration of any applicable grace period (whether at the stated maturity, by acceleration or otherwise), the principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2%. If all % or a portion (y) in the case of any interest payable on any Loan or any such overdue interest, commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturityamount, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans described in paragraph (b) of this subsection plus 2% %, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(de) Interest shall be payable in arrears on each Interest Payment Date, provided PROVIDED that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Recoton Corp), Credit Agreement (Recoton Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Except as provided in Section 2.06(b), (x) each LIBOR Rate Loan shall bear interest for each day during each Interest Period with respect thereto on the unpaid principal amount thereof from and including the date of such LIBOR Rate Loan to and excluding the date such principal amount shall be paid in full, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) sum of the Applicable Margin plus the Adjusted LIBOR Rate for such Interest Period and (iiiy) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR each Base Rate Loan shall bear interest at a rate per annum equal on the unpaid principal amount thereof from and including the date of such Base Rate Loan to (i) and excluding the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) date such principal amount shall bear interest be paid in full, at a rate per annum equal to the rate that would otherwise sum of the Applicable Margin plus the Base Rate. Accrued interest on each Loan shall be applicable thereto pursuant to payable in arrears in cash on each Interest Payment Date.
(b) Upon the foregoing provisions occurrence and during the continuance of this Section plus 2%. If all a Default under Section 7.01(a) or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwiseSection 7.01(g), such overdue the Borrower shall pay interest on (i) the unpaid principal amount shall bear interest of each Loan owing to each Lender, payable in arrears on the dates and in the manner referred to in clause (a) above, and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Loan pursuant to clause (a) above; and (ii) to the rate then applicable to ABR Loans plus 2% fullest extent permitted by law, the amount of any interest, fee or other amount payable under the Loan Documents that is not paid when due, from the date of such non-payment amount shall be due until such amount is shall be paid in full (as well after as before judgment).
(d) Interest shall be full, payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section the date such amount shall be payable from time to time paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum that would be required to be paid at such time in respect of such amounts.
Appears in 2 contracts
Sources: Credit Agreement (Retrophin, Inc.), Credit Agreement (Retrophin, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.13 plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the Base Rate plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.13 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee Commitment Fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the Revolving Facility plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (InfraREIT, Inc.), Credit Agreement (InfraREIT, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon the occurrence and during the continuance of an Event of Default all outstanding Loans under Section 8.1(a), (whether b) or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If (g), if all or a portion of the principal amount of any Loan or Reimbursement Obligation or any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the greater of (i) the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%) and (ii) the actual rate applicable to such amount plus 2%, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Davita Healthcare Partners Inc.)
Interest Rates and Payment Dates. Subject to Section 2.16,
(a) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate Term SOFR determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each RFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Adjusted Daily Simple SOFR plus the Applicable Margin.
(c) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.14 plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Initial Term Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.14 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Upbound Group, Inc.), Term Loan Credit Agreement (Upbound Group, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During On and after the continuance occurrence of an Event of Default, until the time when such Event of Default shall have been cured or waived in writing by the Required Lenders or all the Lenders (as required by this Agreement), the Borrower shall pay interest on the aggregate, outstanding Loans principal amount of all Obligations hereunder at a per annum rate equal to the otherwise applicable interest rate plus two percent (whether or not overdue2.00%) or, if no such per annum rate is applicable to any such Obligations, at a per annum rate equal to the ABR, plus the Applicable Margin for ABR Loans, plus two percent (2.00%) payable on demand. Overdue interest shall itself bear interest at a rate per annum equal such applicable default rate, and shall be compounded with the principal Obligations daily, to the rate that would otherwise be fullest extent permitted by applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment)law.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Fair Isaac Corp), Credit Agreement (Fair Isaac Corp)
Interest Rates and Payment Dates. Subject to Section 2.14:
(a) Each Eurocurrency Any Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each Any ABR Loan shall bear interest at a rate per annum equal to (i) the ABR Alternate Base Rate plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) Any Fixed Rate Loan shall bear interest at a rate per annum equal to the Fixed Rate.
(d) Upon (i) the occurrence and continuance of any Event of Default specified in Section 7(e) or (ii) notice given by the Lender to the Borrower of any other Event of Default (following the occurrence and during the continuance of such Event of Default), any principal of the Loans outstanding to the Borrower shall bear interest at a rate per annum which is the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.7(a), (b), or (c), as applicable, plus 2%% per annum. If all or a portion of (i) the principal amount of any Loan or (ii) any interest payable on any Loan or any commitment fee thereon or other amount payable hereunder (or under any other than any amount to which the preceding sentence is applicable) Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal to the rate last day of any Interest Period then applicable thereto, the rate that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus 2% or (y) otherwise, the rate described in paragraph (b) or (c) of this Section 2.7 plus 2%, in each case from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(de) Interest on the Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to the second sentence of paragraph (cd) of this Section 2.7 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Loan Agreement (Kayne Anderson Energy Infrastructure Fund, Inc.), Loan Agreement
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Bunge LTD), Revolving Credit Agreement (Bunge LTD)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin in effect for such day.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Iconix Brand Group, Inc.), Credit Agreement (Iconix Brand Group, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such Interest Period (including the first day but excluding the last day of each such period) plus (ii) the Applicable Margin plus (iii) in Margin, computed on the case basis of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) 360-day year for actual days elapsed. During the continuance occurrence and continuation of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If Default, if all or a portion of (a) the principal amount of any Loan, (b) any interest payable on thereon, or (c) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest to the extent permitted by applicable law at a rate per annum equal to the rate then applicable LIBO Rate for the interest periods determined by the Administrative Agent in its reasonable discretion plus (i) with respect to ABR clause (a) or (b) above, the relevant Applicable Margin, and with respect to clause (c), the Applicable Margin for Tranche A Loans plus (ii) 2% per annum, in each case from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) . Interest shall be payable in arrears on the last day of each Interest Payment DatePeriod, provided that (a) accrued interest shall be payable upon the prepayment of any Loans as provided in Section 2.05 and (b) interest accruing pursuant to paragraph (c) of this Section on overdue amounts shall be payable from time to time on demand. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders in writing of each determination of a LIBO Rate and the length of each Interest Period. Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall constitute prima facie evidence thereof in the absence of manifest error.
Appears in 2 contracts
Sources: Loan Agreement (Telefonos De Mexico S a De C V), Loan Agreement (Telefonos De Mexico S a De C V)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.12 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Essent Group Ltd.), Credit Agreement (Essent Group Ltd.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon the occurrence and during the continuance of an Event of Default all outstanding Loans under Section 8.1(a), (whether b) or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If (g), if all or a portion of the principal amount of any Loan or Reimbursement Obligation or any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the greater or (i) the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%) and (ii) the actual rate applicable to such amount plus 2%, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(ba) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin in effect for such day.
(i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of At any time an Event of Default has occurred and is continuing, all outstanding Loans and Reimbursement Obligations (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % or (y) in the case of Reimbursement Obligations, the rate applicable to Base Rate Loans plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Chatham Lodging Trust), Credit Agreement (Chatham Lodging Trust)
Interest Rates and Payment Dates. Subject to Section 2.16,
(a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.14 plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Initial Term Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.14 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Rent a Center Inc De), Term Loan Credit Agreement (Rent a Center Inc De)
Interest Rates and Payment Dates. (a) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Term SOFR Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anytherefor.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) for each day from the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether applicable Borrowing Date or not overdue) shall bear interest Conversion Date at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to ABR plus the foregoing provisions of this Section plus 2%. Applicable Margin therefor.
(c) If all or a portion of (i) the principal amount of any Loan or reimbursement obligation in respect of any LC Disbursement, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is equal to the rate then applicable to ABR Loans pursuant to Section 2.8(b) plus 2% from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand and on the Termination Date.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If (x) all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdueotherwise) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If or (y) all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount amounts shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable to ABR Loans thereto under this Agreement plus 2% %, in each case, with respect to sub-clauses (x) and (y) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Mirant Corp), Credit Agreement (Rri Energy Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus 2% %, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that (i) interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand and (ii) each prepayment of Loans shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid and any amounts owing pursuant to Section 2.16.
Appears in 2 contracts
Sources: Credit Agreement (Pacific Gas & Electric Co), Credit Agreement (Pg&e Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan, Revolving L/C Advance or Revolving L/C Unreimbursed Drawing shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.12 plus 2%. If % or (y) in the case of any Revolving L/C Advance or any Revolving L/C Unreimbursed Drawing, the rate applicable to ABR Loans plus 2% and (ii) if all or a portion of any interest payable on any Loan Loan, Revolving L/C Advance or any Revolving L/C Unreimbursed Drawing or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section 2.12 shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Interest Rates and Payment Dates. (ai) Each Eurocurrency Loan This First Priority Security shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day (in the manner set forth in the definitions of Eurodollar Rate and Eurodollar Base Rate in the First Priority Indenture) plus eight and three-quarters percent (8.75%).
(ii) (x) If all or a portion of the Applicable Margin plus principal amount of this First Priority Security shall not be paid when due (iii) in whether at the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom stated maturity, at redemption, by acceleration or in a Participating Member Stateotherwise), the Mandatory Cost, if any.
(b) Each ABR Loan this First Priority Security shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section Paragraph 2(a)(i) plus 2%. If % and (y) if all or a portion of any interest payable on any Loan hereon or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum equal to the rate then that would otherwise be applicable thereto pursuant to ABR Loans Paragraph 2(a)(i) plus 2% %, in each case, with respect to clauses (x) and (y) above, from the date of such non-payment until such amount is paid in full (as well after after, to the extent permitted by applicable law, as before judgment).
(diii) Interest shall be payable in arrears on each Interest Payment Date, provided provided, however, that interest accruing pursuant to paragraph Paragraph (cii) of this Section Paragraph 2(b) shall be payable from time to time on demand.
(iv) Interest payable pursuant to this First Priority Security shall be calculated on the basis of a 360-day year for the actual days elapsed.
Appears in 2 contracts
Sources: Indenture (Satelites Mexicanos Sa De Cv), Indenture (Satelites Mexicanos Sa De Cv)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Federal Funds Rate Loan shall bear interest at a rate per annum equal to the Federal Funds Rate determined for such day plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount of the Loans shall bear interest at a rate per annum equal to ABR plus the Applicable Margin plus 1.00% (but in the case of any Eurodollar Loan not less than the rate that would otherwise be applicable thereto pursuant to Section 2.11(a)) (the foregoing provisions of this Section plus 2%. If “Default Rate”) and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then Default Rate applicable to ABR Loans plus 2% Borrowing Base B Loans, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Knight Capital Group, Inc.), Credit Agreement (Knight Capital Group, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Interest Rate determined for such day plus (ii) then in effect on the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyBalance thereof.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of the principal amount of, or accrued Interest on, any interest payable on any Loan Loan, or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) hereunder, shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, without limiting the rights of the Lenders under any Operative Document, bear interest at a the rate per annum equal to which is the rate then applicable to ABR Loans plus greater of (i) 2% above the applicable Interest Rate then in effect and (ii) 2% above the Base Rate (the "Overdue Rate"), in each case from the date of such non-due until payment until such amount is paid in full (as well after as before judgment)made. Such overdue interest shall be payable on demand.
(dc) Interest on each Loan shall be payable in arrears on each Interest Payment Date, the Maturity Date and on any other day on which the Loan Balance, or a portion thereof, is to be reduced pursuant to the terms and conditions of this Loan Agreement and the other Loan Documents; provided that interest (i) Interest accruing pursuant to paragraph clause (cb) of this Section shall be payable from time to time on demanddemand and (ii) each prepayment of the Loans shall be accompanied by accrued Interest to the date of such prepayment on the amount prepaid, plus Applicable Administrative Charge.
Appears in 2 contracts
Sources: Loan Agreement (Wynn Las Vegas LLC), Loan Agreement (Wynn Resorts LTD)
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO London Interbank Offered Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan and Swing Line Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin. Each CAF Advance shall bear interest as provided in Section 2.10.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) any principal of any Revolving Credit Loan or Swing Line Loan, (ii) any interest payable on thereon, (iii) any Loan or any commitment facility fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicableoverdue CAF payments provided for in subsection 2.10(c)) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of any such overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of any such overdue interest, facility fee or other amount, the rate then applicable to ABR Loans pursuant to subsection 2.14(b) plus 2% per annum, in each case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment).
(d) Interest on Revolving Credit Loans and Swing Line Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)
Interest Rates and Payment Dates. (ai) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Term SOFR Rate determined for such day plus the Applicable Margin (ii) if available pursuant to Section 2.16, each RFR Loan shall bear interest at a rate per annum equal to the Daily Simple SOFR determined for such day plus the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Term B Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (TTM Technologies Inc), Term Loan Credit Agreement (TTM Technologies Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If (x) all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdueotherwise) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If or (y) all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount amounts shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable to ABR Loans thereto under this Agreement plus 2% %, in each case, with respect to sub-clauses (x) and (y) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 2 contracts
Sources: Revolving Credit Agreement (NRG Energy, Inc.), Revolving Credit Agreement (Genon Americas Generation LLC)
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Revolving Loan or L/C Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of L/C Obligations, the rate applicable to Base Rate Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Revolving Loan or L/C Obligation or any commitment fee Commitment Fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) for Eurodollar Loans in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin for Base Rate Loans.
(i) If all or a portion of the ABR plus principal amount of any Reimbursement Obligation or Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2 or Section 3, as applicable, plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment facility fee or other amount or fee payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and
(ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for applicable to such day Eurodollar Loan plus (ii) the Applicable Margin plus (iii) with respect to Eurodollar Loans in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin with respect to Base Rate Loans in effect for such day.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), the amount of principal of such Loan which is overdue shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto to such Loan pursuant to the foregoing provisions of this Section 2.9 plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans (including the Applicable Margin) plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar ---------------------------------------------- Loan of each Class shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin for such Class of Loans in effect for such day.
(b) Each Base Rate Loan of each Class shall bear interest for each day that it is outstanding at a rate per annum equal to the Base Rate for such day plus the Applicable Margin for such Class of Loans in effect for such day (or, in the case of a Swing Line Loan, at such other rate as may be established pursuant to Section 2.6(b)).
(c) Each Multicurrency Revolving Credit Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO applicable Eurocurrency Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) for such Class of Loans in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(bd) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus 2% from or, if higher, in the date case of such non-payment until such amount is amounts required to be paid in full Dollars, the rate described in paragraph (as well after as before judgment)b) of this Section plus 2%.
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section -------- shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus principal amount of any Term Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Term Loans (whether or not overdue) shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Term Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Term Loan Agreement (B&g Foods Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Term SOFR Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on the principal amount of any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to, in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee, letter of credit fee, or any other fee payable (excluding any expenses or other indemnity) hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph Section 2.11 (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. Subject to Section 2.14:
(a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR Alternate Base Rate plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon (i) the occurrence and continuance of any Event of Default specified in Section 7(e) or (ii) notice given by the Administrative Agent to the Borrower of any other Event of Default (following the occurrence and during the continuance of an such Event of Default Default), all Loans outstanding Loans (whether or not overdue) to the Borrower shall bear interest at a rate per annum equal to which is the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.7(a) or (b), as applicable, plus 2%% per annum. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee Commitment Fee or other amount payable hereunder (or under any other than any amount to which the preceding sentence is applicable) Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal to the rate last day of any Interest Period then applicable thereto, the rate that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus 2% or (y) otherwise, the rate described in paragraph (b) of this Section 2.7 plus 2%, in each case from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest on Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to the second sentence of paragraph (c) of this Section 2.7 shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Kayne Anderson Energy Infrastructure Fund, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin in effect for such day.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin in effect for such day.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) shall bear interest (to the extent legally permitted) at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan -------------------------------- shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyfor Eurodollar Loans.
(b) Each ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to (i) the ABR Alternate Base Rate plus (ii) the Applicable Margin minus (iii) one percent (1%)for Alternate Base Rate Loans.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on the principal amount of any Loan or any commitment fee or other amount interest payable hereunder (other than any amount to which the preceding sentence is applicable) thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise)) or any fees or other amounts payable under this Agreement are not paid when due, such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment)) at a rate per annum equal to (i) in the case of overdue principal amounts, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (ii) in the case of overdue interest, fees or other amounts, the rate that would otherwise be applicable to Alternate Base Rate Loans plus 2%.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Sources: 364 Day Revolving Credit Agreement (York International Corp /De/)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any[Reserved.]
(b) Each ABR Revolving Credit Loan shall bear interest at a rate per annum equal to (i) the ABR Base Rate plus (ii) the Applicable Margin minus (iii) one percent (12.5%).
(c) During the continuance If any portion of any Revolving Credit Loan required to be prepaid pursuant to Section 5.6(a) is not so prepaid (any such portion, an Event “Over Advance”), then so long as such Over Advance has not been so prepaid such Over Advance of Default all outstanding Loans (whether or not overdue) such Revolving Credit Loan shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions Section 5.1(b) plus 2% per annum.
(d) Except as otherwise provided in paragraph (c) of this Section plus 2%. If Section, if all or a portion of (i) any principal of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of all Loans and any such overdue interest or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any such overdue interest or other amount, the rate then applicable described in paragraph (b) of this Section with respect to ABR Revolving Credit Loans plus 2% %, in each case from the date of such non-payment until such overdue principal, interest or other amount is paid in full (as well after as before judgment).
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (d) of this Section and the overadvance fee payable pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Merisel Inc /De/)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan The Eurodollar Loans comprising each Tranche shall bear interest for each day during each the Interest Period with respect thereto for such Tranche on the unpaid principal amount thereof at a rate per annum equal to (i) the Adjusted LIBO Rate LIBOR determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyEurodollar Margin.
(b) Each ABR Loan The Base Rate Loans shall bear interest at a rate per annum equal to (i) for the ABR plus (ii) period from and including the Applicable Margin minus (iii) one percent (1%).
(c) During date of such Loans on the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest unpaid principal amount thereof at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to Base Rate plus the foregoing provisions of this Section plus 2%. Base Rate Margin.
(c) If all or a portion of the principal amount of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which of the preceding sentence is applicable) Loans shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such each Eurodollar Loan shall bear interest at LIBOR plus the Eurodollar Margin plus 2.0% and any overdue principal amount of Base Rate Loans shall bear interest at a rate per annum equal to the Base Rate plus the Base Rate Margin plus 2.0%, in each case from the date of such non-payment until paid in full (both after and before judgment) and shall be payable on demand. If all or any portion of (A) any interest payable on the principal amount of any Loan or (B) any fee or other amount payable hereunder shall not be paid when due, such overdue amount shall (to the fullest extent permitted by applicable law) bear interest at a rate then applicable per annum equal to ABR Loans the Base Rate plus 2the Base Rate Margin plus 2.0% from the date of such non-payment until such amount is paid in full (after as well after as before judgment)) and shall be payable on demand and on the date of payment in full.
(d) Interest Except as otherwise provided in paragraph (c), interest shall be payable in arrears on each Interest Payment Date and on the Maturity Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (TFM Sa De Cv)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus principal amount of any Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent not prohibited by applicable law, bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency EurodollarTerm Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate Eurodollar RateAdjusted Term SOFR determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) Margin. Interest in respect of EurodollarTerm Benchmark Loans shall accrue from and including the case first day of a Eurocurrency Loan an Interest Period to but excluding the last day of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anysuch Interest Period.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on any Loan thereon or (iii) any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is in the case of overdue principal (except as otherwise provided in clause (y) below), the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this Section 2.10 plus 2% %, in each case from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.10(c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Kyndryl Holdings, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Eurodollar Loan shall bear interest at a rate per annum equal to (i) the ABR Eurodollar Rate determined for such day plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(cb) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) Each Base Rate Loan shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to Base Rate plus the foregoing provisions of this Section plus 2%. Applicable Margin.
(c) If all or a portion of (i) any principal of any Term Loan, (ii) any interest payable on thereon, (iii) any Loan fee payable pursuant to Section 2.3 or (iv) any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), (a) at the option of the Lender and upon notice to the Borrower, each Eurodollar Loan shall convert to a Base Rate Loan and shall not, during such time as such amounts remain unpaid, be convertible into a Eurodollar Loan, and (b) the principal of all overdue Term Loans and any such overdue interest, fee or other amount shall bear interest at a rate per annum equal which is the rate that would otherwise be applicable to the rate then applicable Term Loans pursuant to ABR Loans the foregoing provisions of this Section plus 2% 5%, in each case from the date of such non-payment until such overdue principal, interest, fee or other amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Global Signal Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Subject to Section 3.6, each Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Term SOFR Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans [Reserved].
(whether or not overdued) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the overdue principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(de) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cd) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin in effect for such day.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest interest, to the extent legally permitted, at a rate per annum that is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 22.0%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the Facility plus 2% 2.0%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment)) or waived.
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anytherefor.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) for each day from the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest applicable Borrowing Date at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to ABR plus the foregoing provisions of this Section plus 2%. Applicable Margin therefor.
(c) [Reserved].
(d) If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is equal to the rate then otherwise applicable to ABR Loans thereto plus 2% from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (after as well after as before judgment) (or, in the event there is no applicable rate, 2.0% per annum in excess of the rate otherwise applicable to ABR Loans from time to time).
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demanddemand and on the Termination Date.
Appears in 1 contract
Sources: 364 Day Revolving Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(ba) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin.
(i) If all or a portion of the ABR plus principal amount of any Term Loan shall not be paid when due (ii) whether at the Applicable Margin minus (iii) one percent (1%stated maturity, by acceleration or otherwise).
(c) During the continuance of an Event of Default , all outstanding Loans Obligations (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If % and (ii) if all or a portion of any interest payable on any Term Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-non payment until such amount is paid in full (after as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Revolving Loan or L/C Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Revolving Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of L/C Obligations, the rate applicable to Base Rate Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Revolving Loan or L/C Obligation or any commitment fee Commitment Fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.paragraph
Appears in 1 contract
Sources: Credit Agreement
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO applicable London Interbank Offered Base Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan and Swing Line Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) any principal of any Revolving Credit Loan or Swing Line Loan, (ii) any interest payable on thereon, (iii) any Loan or any commitment facility fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of any such overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of any such overdue interest, facility fee or other amount, the rate then applicable to ABR Loans pursuant to subsection 2.9(b) plus 2% per annum, in each case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment).
(d) Interest on Revolving Credit Loans and Swing Line Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
(e) Payments of interest on the Revolving Credit Loans shall be made in the same Currency in which the Revolving Credit Loan was made.
Appears in 1 contract
Sources: Credit Agreement (Mastercard Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon the continuance occurrence of an Event of Default, and as long as such Event of Default shall be continuing, (i) all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to (A) in the case of any Eurodollar Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% and (B) in the case of ABR Loans, the rate applicable to ABR Loans plus 2%. If all or a portion of ; and (ii) any interest payable on any Loan Loan, any Unused Commitment Fee or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% from %. Eurodollar Loans shall not be available during the date continuance of such non-payment until such amount is paid in full (as well after as before judgment)an Event of Default with respect to new Eurodollar Loans.
(d) Interest on ABR Loans will be calculated quarterly in arrears as of the last day of each fiscal quarter, and interest on both ABR Loans and Eurodollar Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans Each Multicurrency Loan shall be a LIBOR Loan.
(whether or not overdued) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) any principal of any Loan, (ii) any interest payable on any Loan or thereon, (iii) any commitment fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the overdue principal of the Loans and any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(de) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date, Date provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Henry Schein Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency (x) Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Term SOFR Rate determined for such day Interest Period plus (ii) the Applicable Margin and (y) Daily Simple SOFR Loan shall bear interest for each day at a rate per annum equal to the Adjusted Daily Simple SOFR plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyApplicable Margin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.16 plus 2%. If % per annum and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% Loans, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (after as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that interest accruing pursuant to paragraph (cSection 2.16(c) of this Section shall be payable from time to time on demand.
(e) All interest hereunder shall be paid in Dollars.
Appears in 1 contract
Sources: 364 Day Delayed Draw Term Loan Credit Agreement (General Motors Co)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurocurrency Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) any principal of any Interim Loan, (ii) any interest payable on thereon, (iii) any Loan or any commitment facility fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), the principal of the Interim Loans and/or any such overdue interest, commitment fee or other amount shall bear interest at a rate per annum equal which is (x) in the case of principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of any such overdue interest, facility fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment).
(d) Interest pursuant to this subsection shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anytherefor.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) for each day from the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest applicable Borrowing Date at a rate per annum equal to the ABR plus the Applicable Margin therefor.
(c) Each Swingline Loan shall bear interest for each day from the applicable Borrowing Date at the applicable rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this provided in Section plus 2%. 2.19.
(d) If all or a portion of (i) the principal amount of any Loan or Swingline Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is equal to the rate then applicable to ABR Loans pursuant to Section 2.8(b) plus 2% from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (after as well after as before judgment).
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar -------------------------------- Loan of each Class shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin for such Class of Loans in effect for such day.
(b) Each Base Rate Loan of each Class shall bear interest for each day that it is outstanding at a rate per annum equal to the Base Rate for such day plus the Applicable Margin for such Class of Loans in effect for such day.
(c) Each Multicurrency Revolving Credit Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO applicable Eurocurrency Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) for such Class of Loans in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(bd) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable on thereon or (iii) any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus 2% from or, if higher, in the date case of such non-payment until such amount is amounts required to be paid in full Dollars, the rate described in paragraph (as well after as before judgment)b) of this Section plus 2%.
(de) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cd) of this Section -------- shall be payable from time to time on demand.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Daily Simple SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate Daily Simple SOFR as determined for such day plus (ii) the Applicable Margin SOFR Adjustment plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyApplicable Margin.
(ba) Each ABR Cumulative Compounded RFR Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the ABR Cumulative Compounded RFR Rate as determined for such day plus (ii) the Applicable Margin minus Cumulative Compounded RFR Rate Adjustment plus (iii) one percent (1%)the Applicable Margin.
(cb) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then that would otherwise be applicable thereto pursuant to ABR Loans the foregoing provisions of this Section plus 2% from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Term Loan Agreement (Bungeltd)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) on the Adjusted LIBO Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if any.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest unpaid principal amount thereof at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin.
(b) ABR Loans shall bear interest for the period from and including the date thereof until maturity thereof on the unpaid principal amount thereof at a rate that would otherwise be applicable thereto pursuant per annum equal to the foregoing provisions of this Section ABR plus 2%. the Applicable Margin.
(c) If all or a portion of (i) the principal amount of any of the Loans or Revolving L/C Obligations or (ii) any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) thereon, shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, without limiting the rights of the Lenders under Section 9, bear interest at a rate per annum equal which is (x) in the case of overdue principal or Revolving L/C Obligations, 2% above the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans plus foregoing provisions of this subsection or (y) in the case of overdue interest, fees and other amounts, 2% above the rate described in paragraph (b) of this subsection for Revolving Credit Loans, in each case from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demanddemand by the Administrative Agent made at the request of the Required Lenders.
Appears in 1 contract
Interest Rates and Payment Dates. (a) Each Eurocurrency Term SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Rate Term SOFR determined for such day plus (ii) the Applicable Margin in effect for such day.
(a) Each Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus (iii) the Applicable Margin in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyeffect for such day.
(b) Each ABR Loan Notwithstanding the foregoing, if any principal of or interest on any Loan, any Reimbursement Obligation or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest at a rate per annum that is equal to (i) in the ABR plus (ii) case of the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest Loans, at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion , (ii) in the case of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturityReimbursement Obligations, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the Revolving Credit Facility plus 2% and (iii) in the case of any interest payable on any Loan or any other amount payable hereunder at a rate per annum equal to the rate then applicable to Base Rate Loans under the relevant Facility plus 2%, in each case, with respect to clauses (i), (ii) and (iii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment).
(dc) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Essential Properties Realty Trust, Inc.)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During Upon the occurrence and during the continuance of an Event of Default under subsection 8(a), (i) all outstanding Loans (whether or not overdue) and any overdue amounts hereunder shall bear interest at a rate per annum equal to which is (A) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection 2.12 plus 2%. If all % or a portion (B) in the case of any interest payable on any Loan or any Reimbursement Obligations, overdue interest, the commitment fee or other amount amounts payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate applicable to ABR Loans under the Revolving Credit Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after judgment as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection 2.12 shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Omniamerica Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section p1us 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Base Rate Loans under the Revolving Facility plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to Base Rate Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-–payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Inamed Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to (i) the ABR Base Rate plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans [Intentionally omitted]
(whether or not overdued) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. [Intentionally omitted]
(e) If all or a portion of (i) any of the principal amount of any Loan, (ii) any interest payable on any Loan thereon or (iii) any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, commitment fee or other amount, the rate described in paragraph (b) of this subsection plus 2%, in the case of amounts owing that are denominated in Dollars, from the date of such non-payment until such overdue principal, interest, commitment fee or other amount is paid in full (as well after as before judgment).
(df) Interest shall be payable in arrears on each Interest Payment Date and on the Termination Date, provided that interest accruing pursuant to paragraph (ce) of this Section subsection shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Audiovox Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency Subject to Section 11.15, each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyday.
(b) Each Subject to Section 11.15, each ABR Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the ABR for such day.
(i) Subject to Section 11.15, after the occurrence and during the continuance of an Event of Default, all Loans and Reimbursement Obligations shall bear interest at a rate per annum which is equal to (ix) in the ABR plus (ii) case of the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 4.1 plus 2%. If % or (y) in the case of Reimbursement Obligations, at a rate per annum equal to the ABR plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee, letter of credit fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract
Sources: Credit Agreement (Radio One Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% %, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand by the Administrative Agent.
Appears in 1 contract
Sources: Credit Agreement (Air Lease Corp)
Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO applicable London Interbank Offered Rate determined for such day Interest Period plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Loan and Swing Line Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%)Margin.
(c) During the continuance of an Event of Default all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2%. If all or a portion of (i) any principal of any Revolving Credit Loan or Swing Line Loan, (ii) any interest payable on thereon, (iii) any Loan or any commitment facility fee or (iv) any other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of any such overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of any such overdue interest, facility fee or other amount, the rate then applicable to ABR Loans pursuant to subsection 2.9(b) plus 2% per annum, in each case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment).
(d) Interest on Revolving Credit Loans and Swing Line Loans shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
(e) Payments of interest on the Revolving Credit Loans shall be made in the same Currency in which the Revolving Credit Loan was made.
Appears in 1 contract
Sources: Credit Agreement (Mastercard Inc)
Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Adjusted LIBO Eurodollar Rate determined for such day plus (ii) the Applicable Margin plus (iii) in the case of a Eurocurrency Loan of any Lender which is made from a lending office in the United Kingdom or in a Participating Member State, the Mandatory Cost, if anyMargin.
(b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.
(i) If all or a portion of the ABR plus (ii) the Applicable Margin minus (iii) one percent (1%).
(c) During the continuance principal amount of an Event of Default all outstanding Loans any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or not overdue) otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Base Rate Loans under the Facility plus 2%. If , and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder (other than any amount to which the preceding sentence is applicable) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the Facility plus 2% (or, in the case of any such other amounts that do not relate to the Facility, the rate then applicable to Base Rate Loans under the Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).
(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.
Appears in 1 contract