Common use of Bid Rate Loans Clause in Contracts

Bid Rate Loans. The Company shall repay the entire outstanding principal amount of, and all accrued interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan in Dollars (or such earlier date on which such Bid Rate Loan becomes due or is declared due in accordance with this Agreement); it being acknowledged that the Company may repay any Bid Rate Loans with the proceeds of Revolving Credit Loans or Swingline Loans.

Appears in 4 contracts

Samples: Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.)

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Bid Rate Loans. The Company shall promises to repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan in Dollars (or such earlier date on which such Bid Rate Loan becomes due or is declared due the Revolving Commitments are terminated in full in accordance with this Agreement); , it being acknowledged that the Company may repay any Bid Rate Loans with the proceeds of Revolving Credit Loans or Swingline Loans.

Appears in 1 contract

Samples: Credit Agreement (Park Hotels & Resorts Inc.)

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Bid Rate Loans. The Company shall promises to repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan in Dollars (or such earlier date on which such Bid Rate Loan becomes due or is declared due the Revolving Commitments are terminated in full in accordance with this Agreement); , it being acknowledged that the Company may repay any Bid Rate Loans with the proceeds of Revolving Credit Loans or Swingline Loans.. (c)

Appears in 1 contract

Samples: Credit Agreement (Park Hotels & Resorts Inc.)

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