Common use of On Swing Line Advances Clause in Contracts

On Swing Line Advances. (i) The Borrower shall pay interest on the outstanding principal amount of such Swing Line Advance, from the date of such Swing Line Advance is made until it is due (whether at maturity, by reason of acceleration or otherwise) and repaid, at a simple interest rate per annum equal to the sum of (A) the Base Rate Basis in effect from time to time minus (B) the Commitment Fee (specified as a percentage) then in effect, but in no event higher than the Highest Lawful Rate.

Appears in 1 contract

Samples: Security Agreement (Pillowtex Corp)

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On Swing Line Advances. (i) The Borrower shall pay interest on the outstanding principal amount of such Swing Line Advance, from the date of such Swing Line Advance is made until it is due (whether at maturity, by reason of acceleration or otherwise) and repaid, at a simple interest rate per annum equal to the sum of (A) the Base Rate Basis in effect from time to time minus (B) the Commitment Fee (specified as a percentage) then in effect0.50%, but in no event higher than the Highest Lawful Rate.

Appears in 1 contract

Samples: Credit Agreement (Doskocil Manufacturing Co Inc)

On Swing Line Advances. (i) The Borrower shall pay interest on the outstanding principal amount of such Swing Line Advance, from the date of such Swing Line Advance is made until it is due (whether at maturity, by reason of acceleration or otherwise) and repaid, at a simple an interest rate per annum equal to the sum of (A) the Base Rate Basis in effect from time to time minus (B) the Commitment Fee (specified as a percentage) then in effect, but in no event higher than the Highest Lawful Rate.

Appears in 1 contract

Samples: Credit Agreement (Homco Puerto Rico Inc)

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On Swing Line Advances. (i) The Borrower shall pay interest on the outstanding principal amount of such Swing Line Advance, from the date of such Swing Line Advance is made until it is due (whether at maturity, by reason of acceleration or otherwise) and repaid, at a simple an interest rate per annum equal to a fixed interest rate agreed to by the sum of (A) Borrower and the Base Rate Basis in effect from time to time minus (B) the Commitment Fee (specified as a percentage) then in effectSwing Line Bank for such Swing Line Advance, but in no event higher than the Highest Lawful Rate.

Appears in 1 contract

Samples: Credit Agreement (Club Corp International)

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