Common use of Swing Loan Interest Rate Clause in Contracts

Swing Loan Interest Rate. Each Swing Loan shall bear interest at a rate per annum equal to (i) the Base Rate (computed on the basis of a year of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and actual days elapsed) plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate, (ii) an interest rate per annum (computed on the basis of a year of three hundred sixty (360) days and actual days elapsed) as agreed to by PNC and US Borrower from time to time, or (iii) if applicable, at the applicable rate set forth in any Cash Management Agreement.

Swing Loan Interest Rate. Each Swing Loan shall bear interest at a rate per annum equal to (i) the Base Rate (computed on the basis of a year of three hundred sixty-sixty five (365) or three hundred sixty-sixty six (366) days, as the case may be, and actual days elapsed) plus the Applicable Margin), such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate, Rate or (ii) an such other interest rate per annum rates (computed on the basis of a year of three hundred sixty (360), three hundred sixty five (365) days and actual days elapsedor three hundred sixty six (366) days, as PNC may determine) as agreed PNC Bank and the Borrowers may agree to by PNC and US Borrower from time to time, or (iii) if applicable, at the applicable rate set forth in any Cash Management Agreement.

Swing Loan Interest Rate. Each Swing Loan shall bear interest at a rate per annum equal to (i) the Base Rate (computed on the basis of a year of three hundred sixty-five (365) 365 or three hundred sixty-six (366) 366 days, as the case may be, and actual days elapsed) plus the Applicable Margin), such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate, Rate or (ii) an such other interest rate per annum rates (computed on the basis of a year of three hundred sixty (360) days and actual days elapsed, 365 or 366 days, as PNC may determine) as agreed PNC Bank and the Borrower may agree to by PNC and US Borrower from time to time, or (iii) if applicable, at the applicable rate set forth in any Cash Management Agreement.

Swing Loan Interest Rate. Each Swing Loan shall bear interest at a rate per annum equal to (i) the Base Rate (computed on the basis of a year of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and actual days elapsed) plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate, (ii) an interest rate per annum (computed on the basis of a year of three hundred sixty (360) days and actual days elapsed) as agreed to by PNC and US the Borrower from time to time, or (iii) if applicable, at the applicable rate set forth in any Cash Management Agreement.