Common use of Rates of Interest Clause in Contracts

Rates of Interest. Subject to the provisions of Section 2.2E, Section 4 and Section 14 hereof, each Revolving Credit Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at (i) the Prime Rate plus the Applicable Prime Rate Margin or (ii) LIBOR plus the Applicable LIBOR Margin, as the case may be. The applicable interest rate mode with respect to Revolving Credit Loans shall be selected by the Borrower initially at the time a Request For Revolving Credit Loan is delivered to the Agent Bank pursuant to Section 2.1C hereof. The interest rate with respect to any Revolving Credit Loan may be changed by the Borrower from time to time pursuant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered to the Agent Bank or the Banks in accordance with the terms of this Loan Agreement specifying the applicable interest rate, then, that Revolving Credit Loan shall bear interest as follows:

Appears in 2 contracts

Samples: Loan Agreement (North Atlantic Trading Co Inc), Loan Agreement (North Atlantic Trading Co Inc)

AutoNDA by SimpleDocs

Rates of Interest. Subject to the provisions of Section 2.2E, Section 4 3 and Section 14 13 hereof, each Revolving Credit Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at the (i) the Prime Base Rate plus the Applicable Prime Base Rate Margin or (ii) the Adjusted LIBOR Rate plus the Applicable LIBOR Margin, as the case may be. The applicable interest in-terest rate mode with respect to Revolving Credit Loans shall be selected by the Borrower initially at the time a Request For Revolving Credit Loan is delivered to the Agent Bank pursuant to Section 2.1C hereof. The interest rate with respect to any Revolving Credit Loan may be changed by the Borrower from time to time pursuant pur-suant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered de-livered to the Agent Bank or the Banks in accordance with the terms of this Loan Agreement specifying the applicable interest rate, then, for that day, that Revolving Credit Loan shall bear interest at the Base Rate plus the Applicable Base Rate Margin. Subject to the provisions of Section 2.2E, Section 3 and Section 13 hereof, Revolving Credit Loans shall bear interest through maturity as follows:

Appears in 1 contract

Samples: Loan Agreement (Sypris Solutions Inc)

Rates of Interest. Subject to the provisions of Section 2.2E, ----------------- Section 4 3 and Section 14 13 hereof, each Revolving Credit Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at the (i) the Prime Base Rate plus the Applicable Prime Rate Margin or (ii) the LIBOR plus the Applicable LIBOR Margin, as the case may be. The applicable interest rate mode with respect to Revolving Credit Loans shall be selected by the Borrower initially at the time a Request For Revolving Credit Loan is delivered to the Agent Bank pursuant to Section 2.1C hereof. The interest rate with respect to any Revolving Credit Loan may be changed by the Borrower from time to time pursuant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered to the Agent Bank or the Banks in accordance with the terms of this Loan Agreement specifying the applicable interest rate, then, for that day, that Revolving Credit Loan shall bear interest at the Base Rate. Subject to the provisions of Section 2.2E, Section 3 and Section 13 hereof, Revolving Credit Loans shall bear interest through maturity as follows:

Appears in 1 contract

Samples: Loan Agreement (Sypris Solutions Inc)

Rates of Interest. Subject to the provisions of Section 2.2E, Section Sections 2.2E and 4 and Section 14 hereof, each Revolving Credit Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at (i) the Prime Base Rate plus the Applicable Prime Base Rate Margin or (ii) LIBOR the Euro-Rate plus the Applicable LIBOR Euro-Rate Margin, as the case may be. The applicable rate of interest rate mode with respect to Revolving Credit Loans shall be selected by the Borrower Borrowers initially at the time a Request For Revolving Credit Loan is delivered to the Agent Administrative Bank pursuant to Section 2.1C hereof. The interest rate with respect to any Revolving Credit Loan may be changed by the Borrower Borrowers from time to time pursuant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered to the Agent Administrative Bank or the Banks in accordance with the terms of this Loan Agreement specifying the applicable interest rate, then, for that day, that Revolving Credit Loan shall bear interest at the Base Rate plus the Applicable Base Rate Margin. Subject to the provisions of Sections 2.2E and 4 hereof, Revolving Credit Loans shall bear interest through maturity as follows:

Appears in 1 contract

Samples: Loan Agreement (Res Care Inc /Ky/)

AutoNDA by SimpleDocs

Rates of Interest. Subject to the provisions of Section 2.2E, Section 4 and Section 14 hereof, each Revolving Credit Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at the (i) the Prime Base Rate plus the Applicable Prime Rate Margin or (ii) the LIBOR plus the Applicable LIBOR Margin, as the case may be. The applicable interest rate mode with respect to Revolving Credit Loans shall be selected by the Borrower Borrowers initially at the time a Request For Revolving Credit Loan is delivered to the Agent Bank pursuant to Section 2.1C hereof. The interest rate with respect to any Revolving Credit Loan may be changed by the Borrower Borrowers from time to time pursuant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered to the Agent Bank or the Banks in accordance with the terms of this Loan Agreement specifying the applicable interest rate, then, for that day, that Revolving Credit Loan shall bear interest at the Base Rate. Subject to the provisions of Section 2.2E, Section 4 and Section 14 hereof, Revolving Credit Loans shall bear interest through maturity as follows:

Appears in 1 contract

Samples: Loan Agreement (Group Technologies Corp)

Rates of Interest. Subject to the provisions of Section 2.2E, Section Sections 2.2E and 4 and Section 14 hereof, each Revolving Credit Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at (i) the Prime Base Rate plus the Applicable Prime Base Rate Margin or (ii) LIBOR the Euro-Rate plus the Applicable LIBOR Euro-Rate Margin, as the case may be. The applicable rate of interest rate mode with respect to Revolving Credit Loans shall be selected by the Borrower Borrowers initially at the time a Request For Revolving Credit Loan is delivered to the Agent Administrative Bank pursuant to Section 2.1C 2.1D hereof. The interest rate with respect to any Revolving Credit Loan may be changed by the Borrower Borrowers from time to time pursuant to Section 2.2D hereof. If on any day a Revolving Credit Loan is outstanding with respect to which notice has not been delivered to the Agent Administrative Bank or the Banks in accordance with the terms of this Loan Agreement specifying the applicable interest rate, then, for that day, that Revolving Credit Loan shall bear interest at the Base Rate plus the Applicable Base Rate Margin. Subject to the provisions of Section 2.2E and 4 hereof, Revolving Credit Loans shall bear interest through maturity as follows:

Appears in 1 contract

Samples: Stock Pledge Agreement (Res Care Inc /Ky/)

Time is Money Join Law Insider Premium to draft better contracts faster.