Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Revolving Advance owing to each Lender from the date of such Revolving Advance to but excluding the date such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances. During such periods as such Revolving Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Fee, payable in arrears quarterly on the last day of each March, June, September and December, during such periods and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances. During such periods as such Advance is a Revolving Advance bearing interest at the Eurodollar Rate, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Revolving Advance plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Fee, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 2 contracts
Sources: Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Inc)
Scheduled Interest. The Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance owing made to each Lender such Borrower from the date of such Revolving Credit Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: :
(i) Base Rate Advances. During such periods as such Revolving Credit Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Feefor such Borrower as to Base Rate Advances, payable in arrears quarterly on the last day Business Day of each March, June, September and December, Fiscal Quarter during such periods and on the date such Base Rate Advance shall be Converted or paid in full. .
(ii) Eurodollar Rate Advances. During such periods as such Revolving Credit Advance is a Revolving Advance bearing interest at the Eurodollar RateRate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Revolving Credit Advance plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Feefor such Borrower as to Eurodollar Rate Advances, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 2 contracts
Sources: Credit Agreement (Williams Companies Inc), Credit Agreement (Northwest Pipeline Corp)
Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Revolving Advance owing to each Lender from the date of such Revolving Advance to but excluding the date until such principal amount shall be paid in full, full at the following rates per annum: Base Rate Advances. During such periods as such Revolving Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Fee, payable in arrears quarterly on the last day of each March, June, September and December, during such periods and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances. During such periods as such Advance is a Revolving Advance bearing interest at the Eurodollar Rate, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (xi) the Eurodollar Rate for such Interest Period for such Revolving Advance plus (yii) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization FeeMargin, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be paid in full; provided, however, that if prior to the commencement of any Interest Period, the Administrative Agent reasonably determines that adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period or Eurodollar Rate Advances are to be Converted into Base Rate Advances pursuant to Section 2.07(c) or (d), then during such period, such rate per annum shall instead be a rate per annum equal at all times to the sum of (A) the Base Rate in effect from time to time plus (B) the Applicable Margin minus 1.00% per annum, payable in arrears on the last day of each calendar quarter during such periods and on the date such Base Rate Advance shall be Converted into a Eurodollar Rate Advance or paid in full.
Appears in 1 contract
Scheduled Interest. The Each Borrower shall pay interest on the unpaid principal amount of each Revolving Advance made to it and owing to each Lender from the date of such Revolving Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances:
(i) BASE RATE ADVANCES. During such periods as such Revolving Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus PLUS (y) the Applicable Margin in effect from time to time plus PLUS (z) the Applicable Utilization Fee, if any, in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December, December during such periods and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances.
(ii) EUROCURRENCY RATE ADVANCES. During such periods as such Advance is a Revolving Advance bearing interest at the Eurodollar RateEurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (x) the Eurodollar Eurocurrency Rate for such Interest Period for such Revolving Advance plus PLUS (y) the Applicable Margin in effect from time to time plus PLUS (z) the Applicable Utilization Fee, if any, in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Eurocurrency Rate Advance shall be Converted or paid in full.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Interpublic Group of Companies Inc)
Scheduled Interest. The Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, interest on the unpaid principal amount of each Revolving Advance owing to each Lender from the date of such Revolving Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances:
(i) PRIME RATE ADVANCES. During such periods as such Revolving Advance is a Base Prime Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Prime Rate in effect from time to time plus PLUS (y) the Applicable Margin for such Advance in effect from time to time plus (z) the Applicable Utilization Feetime, payable in arrears quarterly monthly on the last day of each March, June, September and December, month during such periods and on the date such Base Prime Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances.
(ii) EURODOLLAR RATE ADVANCES. During such periods as such Advance is a Revolving Advance bearing interest at the Eurodollar RateRate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Revolving Advance plus PLUS (y) the Applicable Margin for such Advance in effect from time to time plus (z) on the Applicable Utilization Feefirst day of such Interest Period, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 1 contract
Scheduled Interest. The Each Borrower shall pay interest on the unpaid principal amount of each Revolving Pro Rata Advance owing by such Borrower to each Lender from the date of such Revolving Pro Rata Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances:
(i) BASE RATE ADVANCES. During such periods as such Revolving Pro Rata Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Feetime, payable in arrears quarterly monthly on the last 20th day of each March, June, September and December, during such periods month and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances.
(ii) LIBO RATE ADVANCES. During such periods as such Pro Rata Advance is a Revolving Advance bearing interest at the Eurodollar RateLIBO Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Pro Rata Advance to the sum of (x) the Eurodollar LIBO Rate for such Interest Period for such Revolving Pro Rata Advance plus PLUS (y) the Applicable Interest Rate Margin in effect from time to time plus (z) the Applicable Utilization Feetime, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period Period, and on the date such Eurodollar LIBO Rate Advance shall be Converted or paid in full.
Appears in 1 contract
Sources: 364 Day Revolving Credit Agreement (Kraft Foods Inc)
Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Revolving Advance owing to each Lender from the date of such Revolving Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances:
(i) BASE RATE ADVANCES. During such periods as such Revolving Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus PLUS (y) the Applicable Margin in effect from time to time plus PLUS (z) the Applicable Utilization FeeFee in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December, December during such periods and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances.
(ii) EURODOLLAR RATE ADVANCES. During such periods as such Advance is a Revolving Advance bearing interest at the Eurodollar RateRate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Revolving Advance plus PLUS (y) the Applicable Margin in effect from time to time plus PLUS (z) the Applicable Utilization FeeFee in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Platinum Underwriters Holdings LTD)
Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Revolving Advance owing to each Lender from the date of such Revolving Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances. During such periods as such Revolving Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (xA) the Base Rate in effect from time to time plus (yB) the Applicable Margin as in effect from time to time plus (z) the Applicable Utilization Feetime, payable in arrears quarterly monthly on the last first day of each March, June, September and December, month during such periods and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances. During such periods as such Advance is a Revolving Advance bearing interest at the Eurodollar RateRate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (xA) the Eurodollar Rate for such Interest Period for such Revolving Advance plus (yB) the Applicable Margin as in effect from time to time plus (z) the Applicable Utilization Feetime, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
Appears in 1 contract
Sources: Credit Agreement (Stage Stores Inc)
Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Revolving Advance and Letter of Credit Advance owing to each Lender from the date of such Revolving Advance and Letter of Credit Advance to but excluding the date such principal amount shall be paid in full, at the following rates per annum: :
(i) Base Rate Advances. During such periods as such Revolving Advance or Letter of Credit Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Fee, payable in arrears quarterly on the last day of each March, June, September and December, during such periods and on the date such Base Rate Advance shall be Converted or paid in full. .
(ii) Eurodollar Rate Advances. During such periods as such Advance is a Revolving Advance or Letter of Credit Advance bearing interest at the Eurodollar Rate, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Revolving Advance or Letter of Credit Advance plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization Fee, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
(iii) CAF Eurodollar Rate Advances. In the case of each CAF Eurodollar Rate Advance, a rate per annum equal at all times to the sum of the Eurodollar Rate applicable to such CAF Advance plus or minus, as the case may be, the CAF Margin specified by a Lender with respect to such CAF Advance in its Competitive Bid submitted pursuant to Section 2.05(b), payable on the date or dates specified in the relevant Competitive Bid Request.
Appears in 1 contract
Sources: Credit Agreement (Centerpoint Energy Houston Electric LLC)
Scheduled Interest. The Borrower (i) RLP shall pay interest on the unpaid principal amount of each Revolving 2022 Incremental Term Loan Advance owing to each Lender from the date of such Revolving Advance to but excluding the date until such principal amount shall be paid in full, at the following rates per annum: Base Rate Advances. :
(A) During such periods as such Revolving a 2022 Incremental Term Loan Advance is a an Alternate Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin Alternate Base Rate in effect from time to time plus (z) the Applicable Utilization FeeMargin for 2022 Incremental Loan Advances that are Alternate Base Rate Advances in effect from time to time, payable in arrears quarterly on the last day first Business Day of each MarchApril, JuneJuly, September October and DecemberJanuary, during such periods and on the date such Base Rate Advance shall be Converted or paid in full. Eurodollar Rate Advances. periods.
(B) During such periods as such a 2022 Incremental Term Loan Advance is a Revolving Advance bearing interest at the Eurodollar RateTerm SOFR Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Advance to the sum of (xy) the Eurodollar Adjusted Term SOFR Rate for such Interest Period for such Revolving Advance plus (y) the Applicable Margin in effect from time to time plus (z) the Applicable Utilization FeeMargin for 2022 Incremental Term Loan Advances that are Term SOFR Rate Advances in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
(C) During such periods as a 2022 Incremental Term Loan Advance is a Daily Simple SOFR Rate Advance, a rate per annum equal at all times to the sum of (y) the Adjusted Daily Simple SOFR Rate in effect from time to time plus (z) the Applicable Margin for 2022 Incremental Loan Advances that are Daily Simple SOFR Rate Advances in effect from time to time, payable in arrears monthly on the first Business Day of each month, during such periods.
Appears in 1 contract
Sources: Incremental Term Loan Agreement and Amendment to Guarantee Agreement (Rayonier, L.P.)