Common use of Scheduled Interest Clause in Contracts

Scheduled Interest. Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower from the date of such Revolving Credit Advance 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 for such Borrower as to Base Rate Advances, payable in arrears quarterly on the last Business Day of each 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 Eurodollar Rate 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 for 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. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance until 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 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 for such Borrower as to Base Rate Advancesplus (z) the Applicable Utilization Fee, payable in arrears quarterly on the last Business Day day of each Fiscal Quarter 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 Revolving Credit Advance is a Revolving Advance bearing interest at the Eurodollar Rate AdvanceRate, 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 for such Borrower as to Eurodollar Rate Advancesplus (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. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Advance and Letter of Credit Advance made owing to such Borrower each Lender from the date of such Revolving Advance and Letter of Credit Advance until 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 for such Borrower as to Base Rate Advancesplus (z) the Applicable Utilization Fee, payable in arrears quarterly on the last Business Day day of each Fiscal Quarter 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 Revolving Credit Advance is a Revolving Advance or Letter of Credit Advance bearing interest at the Eurodollar Rate AdvanceRate, 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 Advance or Letter of Credit Advance plus (y) the Applicable Margin in effect from time to time for such Borrower as to Eurodollar Rate Advancesplus (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. Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower it and owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum: (i) Base Rate AdvancesBASE 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 PLUS (y) the Applicable Margin in effect from time to time for such Borrower as PLUS (z) the Applicable Utilization Fee, if any, in effect from time to Base Rate Advancestime, payable in arrears quarterly on the last Business Day day of each Fiscal Quarter 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 AdvancesEUROCURRENCY RATE ADVANCES. During such periods as such Revolving Credit Advance is a Eurodollar Eurocurrency Rate 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 Eurocurrency Rate for such Interest Period for such Revolving Credit Advance plus PLUS (y) the Applicable Margin in effect from time to time for such Borrower as PLUS (z) the Applicable Utilization Fee, if any, in effect from time to Eurodollar Rate Advancestime, 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. Each Borrower (i) RLP shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower from the date of such Revolving Credit 2022 Incremental Term Loan Advance until such principal amount shall be paid in full, at the following rates per annum: (iA) Base Rate Advances. During such periods as such Revolving Credit 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 (xy) the Alternate Base Rate in effect from time to time plus (yz) the Applicable Margin for 2022 Incremental Loan Advances that are Alternate Base Rate Advances in effect from time to time for such Borrower as to Base Rate Advancestime, payable in arrears quarterly on the last first Business Day of each Fiscal Quarter April, July, October and January, during such periods and on the date such Base Rate Advance shall be Converted or paid in fullperiods. (iiB) Eurodollar Rate Advances. During such periods as such Revolving Credit a 2022 Incremental Term Loan Advance is a Eurodollar Term SOFR Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of (xy) the Eurodollar Adjusted Term SOFR Rate for such Interest Period for such Revolving Credit Advance plus (yz) the Applicable Margin for 2022 Incremental Term Loan Advances that are Term SOFR Rate Advances in effect from time to time for such Borrower as to Eurodollar Rate Advancestime, 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.)

Scheduled Interest. Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Pro Rata Advance made to owing by such Borrower to each Lender from the date of such Revolving Credit Pro Rata Advance until such principal amount shall be paid in full, at the following rates per annum: (i) Base Rate AdvancesBASE RATE ADVANCES. During such periods as such Revolving Credit 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 for such Borrower as to Base Rate Advancestime, payable in arrears quarterly monthly on the last Business Day 20th day of each Fiscal Quarter during such periods month and on the date such Base Rate Advance shall be Converted or paid in full. (ii) Eurodollar Rate AdvancesLIBO RATE ADVANCES. During such periods as such Revolving Credit Pro Rata Advance is a Eurodollar LIBO Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Pro Rata Advance to the sum of (x) the Eurodollar LIBO Rate for such Interest Period for such Revolving Credit Pro Rata Advance plus PLUS (y) the Applicable Interest Rate Margin in effect from time to time for such Borrower as to Eurodollar Rate Advancestime, 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. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, 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 for such Borrower as to Base Rate Advances, payable in arrears quarterly on the last Business Day of each 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 Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of (xi) the Eurodollar Rate for such Interest Period for such Revolving Credit Advance plus (yii) the Applicable Margin in effect from time to time for such Borrower as to Eurodollar Rate AdvancesMargin, 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

Sources: Credit Agreement (Cheniere Energy Inc)

Scheduled Interest. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance 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 (xA) the Base Rate in effect from time to time plus (yB) the Applicable Margin as in effect from time to time for such Borrower as to Base Rate Advancestime, payable in arrears quarterly monthly on the last Business Day first day of each Fiscal Quarter month 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 Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of (xA) the Eurodollar Rate for such Interest Period for such Revolving Credit Advance plus (yB) the Applicable Margin as in effect from time to time for such Borrower as to Eurodollar Rate Advancestime, 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. Each The Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum: (i) Base Rate AdvancesPRIME RATE ADVANCES. During such periods as such Revolving Credit 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 for such Borrower as to Base Rate Advancestime, payable in arrears quarterly monthly on the last Business Day day of each Fiscal Quarter month during such periods and on the date such Base Prime Rate Advance shall be Converted or paid in full. (ii) Eurodollar Rate AdvancesEURODOLLAR RATE ADVANCES. During such periods as such Revolving Credit Advance is a Eurodollar Rate 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 PLUS (y) the Applicable Margin for such Advance in effect from time to time for on the first day of such Borrower as to Eurodollar Rate AdvancesInterest 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

Sources: Credit Agreement (Cantel Medical Corp)

Scheduled Interest. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender Party from the date of such Revolving Credit Advance 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 (xA) the Base Rate in effect from time to time plus and (yB) the Applicable Margin for such Base Rate Advance in effect from time to time for such Borrower as to Base Rate Advancestime, payable in arrears quarterly on the last Business Day day of each Fiscal Quarter December, March, June and September during such periods and on the date such Base Rate Advance shall be Converted or paid in full. (ii) Termination Date. Eurodollar Rate Advances. During such periods as such Revolving Credit Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of (xA) the Eurodollar Rate for such Advance for such Interest Period for such Revolving Credit Advance plus and (yB) the Applicable Margin for such Advance in effect from time to time for on the first day of such Borrower as to Eurodollar Rate AdvancesInterest 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

Sources: Credit Agreement (Caremark Rx Inc)

Scheduled Interest. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum: (i) Base Rate AdvancesBASE 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 PLUS (y) the Applicable Margin in effect from time to time for such Borrower as PLUS (z) the Applicable Utilization Fee in effect from time to Base Rate Advancestime, payable in arrears quarterly on the last Business Day day of each Fiscal Quarter 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 AdvancesEURODOLLAR RATE ADVANCES. During such periods as such Revolving Credit Advance is a Eurodollar Rate 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 PLUS (y) the Applicable Margin in effect from time to time for such Borrower as PLUS (z) the Applicable Utilization Fee in effect from time to Eurodollar Rate Advancestime, 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. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum: (i) Base Rate AdvancesBASE 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 PLUS (y) the Applicable Margin in effect from time to time for such Borrower as to Base Rate Advancestime, payable in arrears quarterly on the last Business Day day of each Fiscal Quarter 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 AdvancesEURODOLLAR RATE ADVANCES. During such periods as such Revolving Credit Advance is a Eurodollar Rate 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 PLUS (y) the Applicable Margin in effect from time to time for such Borrower as to Eurodollar Rate Advancestime, 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 (Packaging Corp of America)

Scheduled Interest. Each The Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made owing to such Borrower each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum: (i) Base Rate AdvancesBASE 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 (xA) the Base Rate in effect from time to time plus (yB) the Applicable Margin in effect from time to time for such Borrower as to Base Rate Advancestime, payable in arrears quarterly on the last Business Day of each Fiscal Quarter March 31, June 30, September 30 and December 31 during such periods periods, on the date of any prepayment thereof to the extent required under Section 2.06 and on the date such Base Rate Advance shall be Converted or paid in fullTermination Date, commencing December 31, 1999. (ii) Eurodollar Rate AdvancesEURODOLLAR RATE ADVANCES. During such periods as such Revolving Credit Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Revolving Credit Advance to the sum of (xA) the Eurodollar Rate for such Interest Period for such Revolving Credit Advance plus (yB) the Applicable Margin in effect from time to time for such Borrower as to Eurodollar Rate AdvancesMargin, 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 (Safety 1st Inc)