Common use of Renewals Clause in Contracts

Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 120 contracts

Samples: Credit Agreement (Meridian Bioscience Inc), Credit Agreement (Om Group Inc), Credit Agreement (New Jersey Resources Corp)

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Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day. For the elimination of any doubt, in the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, interest shall be deemed to accrue for the last day of the preceding Interest Period only, and shall not be deemed to accrue for the first day of the new Interest Period.

Appears in 5 contracts

Samples: Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.), Intercompany Subordination Agreement (Under Armour, Inc.)

Renewals. In in the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.. 4.3

Appears in 4 contracts

Samples: Credit Agreement (Gentex Corp), Credit Agreement (Chesapeake Utilities Corp), Credit Agreement (Chesapeake Utilities Corp)

Renewals. In the case of the renewal of a Committed Loan LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 3 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD), Credit Agreement (Ace LTD)

Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 3 contracts

Samples: Credit Agreement (Too, Inc.), Credit Agreement (Tween Brands, Inc.), Credit Agreement (Too Inc)

Renewals. In the case of the renewal of a Revolving Credit Loan LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 3 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD)

Renewals. In the case of the renewal of a LIBOR Rate Option or a BA Rate Option, as applicable, at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 3 contracts

Samples: Joinder and Assumption Agreement (Retail Ventures Inc), Credit Agreement (DSW Inc.), Joinder and Assumption Agreement (DSW Inc.)

Renewals. In the case of the renewal of a LIBOR LIBORTerm SOFR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 2 contracts

Samples: Credit Agreement (Healthcare Services Group Inc), Credit Agreement and Security Agreement (Paylocity Holding Corp)

Renewals. In the case of the renewal of a LIBOR Rate Option or a Term SOFR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (Hallador Energy Co)

Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an LIBOR Interest Period, the first day of the new LIBOR Interest Period shall be the last day of the preceding LIBOR Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (Superior Well Services, INC)

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Renewals. In in the case of the renewal of a LIBOR LIBOR-Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (WESTMORELAND COAL Co)

Renewals. In the case of the renewal of a the LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (Handy & Harman Ltd.)

Renewals. In the case of the renewal of a LIBOR LIBOR-Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Loan Agreement (Otg Software Inc)

Renewals. In in the case of the renewal of a LIBOR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

Renewals. In in the case of the renewal of a LIBOR Libor-Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (Westmoreland Coal Co)

Renewals. In the case of the renewal of a LIBOR Rate Option Option, at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

Appears in 1 contract

Samples: Credit Agreement (DSW Inc.)

Renewals. In in the case of the renewal of a LIBOR LIBO Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.. 4.3

Appears in 1 contract

Samples: Credit Agreement (Primesource Corp)

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