Common use of LIBOR Advances Clause in Contracts

LIBOR Advances. The unpaid principal amount of each LIBOR Advance shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate (Reserve Adjusted) in effect for each Interest Period for such LIBOR Advance plus the Applicable Margin per annum.

Appears in 12 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

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LIBOR Advances. The unpaid principal amount of each LIBOR Advance shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate (Reserve Adjusted) in effect for each Interest Period for such LIBOR Advance plus the Applicable Margin per annumMargin.

Appears in 2 contracts

Samples: Term Loan Agreement (Otter Tail Corp), Credit Agreement (Stancorp Financial Group Inc)

LIBOR Advances. The unpaid principal amount of each LIBOR Advance shall bear interest prior to maturity at a rate per annum equal to the LIBOR LIBO Rate (Reserve Adjusted) in effect for each Interest Period for such LIBOR Advance plus the Applicable Margin per annum.

Appears in 2 contracts

Samples: Term Loan Agreement (Otter Tail Corp), Term Loan Agreement (Otter Tail Corp)

LIBOR Advances. The unpaid principal amount of each LIBOR Advance shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate (Reserve Adjusted) in effect for each Interest Period for such LIBOR Advance plus the Applicable Margin (i) 1.75% per annum, in the instance of the Revolving Loans and the Tranche A Loans, or (ii) the interest rate margins (the “Tranche B LIBOR Margins”) as set forth on each of the Tranche B Notes for the principal outstanding under such Tranche B Notes.

Appears in 1 contract

Samples: Credit Agreement (American Equity Investment Life Holding Co)

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LIBOR Advances. The unpaid principal amount of each LIBOR Advance -------------- shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate (Reserve Adjusted) in effect for each Interest Period for such LIBOR Advance plus the Applicable Margin per annumMargin.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

LIBOR Advances. The unpaid principal amount of each LIBOR Advance shall bear interest prior to maturity at a rate per annum equal to the LIBOR Rate (Reserve Adjusted) in effect for each Interest Period for such LIBOR Advance Advances plus the Applicable applicable Margin per annumpursuant to Section 2.5(c) below.

Appears in 1 contract

Samples: Credit Agreement (Surmodics Inc)

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