Common use of Stated Interest Clause in Contracts

Stated Interest. Subject to the provisions of Section 2.08(b): (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Adjusted Eurodollar Rate for such Interest Period plus the Applicable Rate for such Eurodollar Rate Loans; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing or conversion date at a rate per annum equal to the greater of (A) the Base Rate plus the Applicable Rate for such Base Rate Loans and (B) the Base Rate Loan Floor Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the greater of (A) the Base Rate plus the Applicable Rate for Base Rate Loans and (B) the Base Rate Loan Floor Rate.

Appears in 2 contracts

Samples: Credit Agreement (Ahny-Iv LLC), Credit Agreement (Apria Healthcare Group Inc)

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Stated Interest. Subject to the provisions of Section 2.08(b): (i) each Eurodollar Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Adjusted Eurodollar the Eurocurrency Rate for such Interest Period plus the Applicable Rate for such Eurodollar plus (in the case of a Eurocurrency Rate LoansLoan of any Lender which is lent from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing or conversion date at a rate per annum equal to the greater of (A) the Base Rate plus the Applicable Rate for such Base Rate Loans and (B) the Base Rate Loan Floor Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the greater of (A) the Base Rate plus the Applicable Rate for Base Rate Loans and (B) the Base Rate Loan Floor Rate.

Appears in 1 contract

Samples: Credit Agreement (Life Technologies Corp)

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Stated Interest. Subject to the provisions of Section 2.08(b): (i) each Eurodollar Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Adjusted Eurodollar the Eurocurrency Rate for such Interest Period plus the Applicable Rate for such Eurodollar plus (in the case of a Eurocurrency Rate LoansLoan of any Lender which is lent from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing or conversion date at a rate per annum equal to the greater of (A) the Base Rate plus the Applicable Rate for such Base Rate Loans and (B) the Base Rate Loan Floor Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the greater of (A) the Base Rate plus the Applicable Rate for Base Rate Loans and (B) the Base Rate Loan Floor RateRevolving Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Life Technologies Corp)

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