Common use of Rate Options for all Advances; Maximum Interest Periods Clause in Contracts

Rate Options for all Advances; Maximum Interest Periods. The Swing Line Loans shall be Floating Rate Advances or shall bear interest at such other rate as may be agreed to between the Company and the Swing Line Bank at the time of the making of any such Swing Line Loan. The Revolving Loans may be Floating Rate Advances or Eurocurrency Rate Advances, or a combination thereof, selected by the applicable Borrower in accordance with Section 2.9; provided, however, that Revolving Loans denominated in any Agreed Currency other than Dollars may only be Eurocurrency Rate Advances. The applicable Borrower may select, in accordance with Section 2.9, Rate Options and Interest Periods applicable to portions of the Revolving Loans; provided, that there shall be no more than eight (8) Interest Periods in effect with respect to all of the Loans at any time.

Appears in 3 contracts

Samples: Credit Agreement (Woodward, Inc.), Woodward Credit Agreement (Woodward, Inc.), Credit Agreement (Woodward, Inc.)

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Rate Options for all Advances; Maximum Interest Periods. The Swing Line Loans shall be Floating Rate Advances Loans at all times or shall bear interest at such other rate as may be agreed to between the Company Borrower and the Swing Line Bank at the time of the making of any such Swing Line Loan. The Revolving Loans may be Floating Rate Advances or Eurocurrency Eurodollar Rate Advances, or a combination thereof, selected by the applicable Borrower in accordance with Section 2.9; provided, however, that Revolving Loans denominated in any Agreed Currency other than Dollars may only be Eurocurrency Rate Advances2.10. The applicable Borrower may select, in accordance with Section 2.9, Rate Options rate options and Interest Periods applicable to portions of the Revolving Loans; provided, provided that there shall be no more than eight (8) Interest Periods in effect with respect to all of the Loans at any time.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Energizer Holdings Inc)

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Rate Options for all Advances; Maximum Interest Periods. The Swing Line Loans shall be Floating Rate Advances or shall bear interest at such other rate as may be agreed to between the Company Borrower and the Swing Line Bank at the time of the making of any such Swing Line Loan. The Revolving Loans may be Floating Rate Advances or Eurocurrency Rate Advances, or a combination thereof, selected by the applicable Borrower in accordance with Section 2.9; provided, however, that Revolving Loans denominated in any Agreed Currency other than Dollars may only be Eurocurrency Rate Advances. The applicable Borrower may select, in accordance with Section 2.9, Rate Options and Interest Periods applicable to portions of the Revolving Loans; provided, provided that there shall be no more than eight (8) Interest Periods in effect with respect to all of the Loans at any time.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

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