Common use of Spreading Clause in Contracts

Spreading. In determining whether the interest hereunder is in excess of the amount or rate permitted under or consistent with any Applicable Law, the total amount of interest shall be spread throughout the entire term of this Agreement until its payment in full.

Appears in 32 contracts

Sources: Credit Agreement (Vistra Corp.), Credit Agreement (Vistra Corp.), Letter of Credit Facility Agreement (Talen Energy Corp)

Spreading. In determining whether the interest hereunder is in excess of the amount or rate permitted under or consistent with any Applicable Law, the total amount of interest shall be spread throughout the entire term of this Agreement until its payment Payment in fullFull.

Appears in 2 contracts

Sources: Superpriority Secured Debtor in Possession Credit Agreement (Avaya Holdings Corp.), Abl Credit Agreement (Avaya Holdings Corp.)