Interest on Eurodollar Rate Loans. Subject to the provisions of Section 4.4 hereof, interest on Eurodollar Rate Loans shall be payable in arrears (i) on the last day of each Interest Period with respect to such Eurodollar Rate Loans (and, in the case of any Interest Period in excess of three months, on each date which occurs at three month intervals after the first day of the respective Interest Period), (ii) at the date of any Conversion thereof (or portion thereof) to a Base Rate Loan, (iii) upon any prepayment, except pursuant to Section 2.6(d), (on the amount prepaid) and (iv) at maturity, in each case at an interest rate per annum equal during each Interest Period for such Eurodollar Rate Loan to the Adjusted Eurodollar Rate in effect for such Interest Period in effect for such Eurodollar Rate Loan plus the relevant Applicable Margin. The Payments Administrator upon determining the Adjusted Eurodollar Rate for any Interest Period shall promptly notify the Borrower and the Lenders thereof. Each determination by the Payments Administrator of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. Subject to the provisions of subsection (c) immediately below, interest on each Eurodollar Rate Loan shall be payable (i) on the last day of each Interest Period with respect thereto, provided, however, that if such Interest Period is for a period of duration in excess of three (3) months, then such interest shall also be payable on the date three (3) months after the first day of such Interest Period, (ii) on the date of conversion of such Eurodollar Rate Loan to a Base Rate Loan and (iii) at maturity of such Term Loan (and after maturity of such Term Loan (whether by acceleration or otherwise) upon demand), at an interest rate per annum during the Interest Period for such Term Loan equal to the Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan. Each determination by the Administrative Agent of an Interest Rate hereunder shall be conclusive and binding on the Banks and the Company for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. Subject to the provisions of Section 4.01 hereof, (i) in the case of each Revolving Loan or portion thereof that is a Eurodollar Rate Loan, interest shall be payable on the day after the expiration of each Interest Period commencing with the end of the first such Interest Period (and after maturity of such Loan (whether by acceleration or otherwise) upon demand) at an interest rate per annum equal to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan, and (ii) in the case of the Term Loan if a Eurodollar Rate Loan, interest shall be payable at the expiration of each Interest Period commencing with the end of the first such Interest Period (and after maturity of such Loan (whether by acceleration or otherwise) upon demand) at an interest rate per annum equal to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan. The Agent upon determining the Adjusted Eurodollar Rate for any Interest Period shall promptly notify the Borrower and the Lenders. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. Subject to the provisions of Section 4.03, interest on Eurodollar Rate Loans shall be payable (a) on the last day of each month with respect to such Eurodollar Rate Loan, (b) at the date of conversion of such Eurodollar Rate Loan (or a portion thereof) to a Prime Rate Loan and (c) at maturity of such Eurodollar Rate Loan at an interest rate per annum during the Interest Period in effect for such Eurodollar Rate Loan equal to the Adjusted Eurodollar Rate for such Interest Period for such Eurodollar Rate Loan plus the Applicable Margin calculated for the relevant period for which payment is required to be made. The Administrative Agent upon determining the Adjusted Eurodollar Rate for any Interest Period shall promptly notify the Company and the Banks by telephone (confirmed promptly in writing) or in writing thereof. Each determination by the Administrative Agent of an interest rate under this Section 4.02 shall be conclusive and binding for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. The Borrower may from time to --------------------------------- time, on the condition that no Default or Event of Default has occurred and is continuing, and subject to the provisions of Sections 2.05(b) and 2.05(f), elect to pay interest on all or any portion of any Loans in US Dollars of the same Type during any Interest Period therefor at a rate per annum equal to the sum of the Eurodollar Rate for such Interest Period for such Loans plus the Applicable Eurodollar Rate Margin in effect from time ---- to time, in a Notice of Borrowing or Notice of Conversion/Continuation, specifying the Type and amount of the Loans as to which such election is made (which amount shall aggregate at least US$1,000,000 or any integral multiple of US$100,000 in excess thereof) and the first day and duration of such Interest Period, which notice shall be received by the Administrative Agent before 11:00 a.m. (Toronto time) three Business Days prior to the first day of such Interest Period. If the Borrower has made such election for Eurodollar Rate Loans for any Interest Period, the Borrower shall pay interest on the unpaid principal amount of such Eurodollar Rate Loans during such Interest Period, payable in arrears on the last Business Day of such Interest Period and, in the case of any Interest Period which is longer than three months, on each three month anniversary of the first day of such Interest Period, in each case at a rate equal to the sum of the Eurodollar Rate for such Interest Period for such Eurodollar Rate Loans plus the Applicable Eurodollar Rate Margin for such Type of Loan in effect from time to time during such Interest Period. On the last day of each Interest Period for any Eurodollar Rate Loan, the unpaid principal balance thereof shall, subject to Section 2.05(f), automatically become and bear interest as a Eurodollar Rate Loan with an Interest Period of one month, except to the extent that the Borrower has elected in a Notice of Conversion/Continuation to pay interest on all or any portion of such amount for a new Interest Period commencing on such day in accordance with this Section 2.05(c) or to convert such amount to a Base Rate Loan. Each notice by the Borrower under this Section 2.05(c) shall be irrevocable upon receipt by the Administrative Agent, and the Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified by such Notice of Borrowing o...
Interest on Eurodollar Rate Loans. The Borrowers shall, jointly and severally, pay to the Agent for the benefit of the Lenders interest on each Eurodollar Rate Loan two Business Days after the last Business Day of each month, calculated monthly in arrears at an interest rate per annum equal during the Interest Period for such Eurodollar Loan to the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Margin. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. Subject to Section 4.6, --------------------------------- ----------- interest on Eurodollar Rate Loans shall be payable by the Borrower for whose account the Loans were made on the last day of each Interest Period with respect to such Eurodollar Rate Loans (and, in the case of any Eurodollar Rate Loan with an Interest Period of six months, on the three-month anniversary of the commencement of that Interest Period), at the date of conversion of such Eurodollar Rate Loans (or a portion thereof) to a Prime Rate Loan and at maturity of such Eurodollar Rate Loans at an interest rate per annum equal during the Interest Period for such Eurodollar --------- Rate Loans to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loans plus the Applicable Eurodollar Rate Margin. The rate ---- hereunder shall change each day the Applicable Eurodollar Rate Margin changes. After maturity of such Eurodollar Rate Loans (whether by acceleration or otherwise), interest shall be payable upon demand. The Agent, upon determining the Adjusted Eurodollar Rate for any Interest Period, shall promptly notify the Borrowers and the Lenders by telephone (confirmed promptly in writing) or in writing thereof. Each determination by the Agent of the Adjusted Eurodollar Rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. Subject to the provisions of Section 5.4 hereof, interest on Eurodollar Rate Loans shall be payable (i) on the last day of each Interest Period with respect to such Eurodollar Rate Loan, except in the case of an Interest Period having a duration of six months, in which case interest shall be payable at the end of each three month portion of such
Interest on Eurodollar Rate Loans. Subject to the provisions of Section 4.3 hereof, interest on Eurodollar Rate Loans shall be payable on the last day of each Interest Period with respect to such Eurodollar Rate Loan (and, with respect to Eurodollar Rate Loans having an Interest Period in excess of three months, on the last day of each three month interval during such Interest Period), at the date of conversion of such Eurodollar Rate Loan (or a portion thereof) to a Prime Rate Loan and at maturity of such Eurodollar Rate Loan at an interest rate per annum equal during the Interest Period for such Eurodollar Rate Loan to the Adjusted Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan plus the Eurodollar Rate Spread. The "Eurodollar Rate Spread" shall be equal to the percentage per annum set forth below opposite the Interest Coverage Ratio maintained by the Consolidated Entity for the Consolidated Entity's most recently ended four full fiscal quarters for which Financial Statements of the Consolidated Entity have been delivered to the Agent pursuant to Section 7.1(a) or 7.1(c), as applicable, as calculated on the date two (2) Business Days prior to the applicable Interest Period: Ratio: Eurodollar Rate Spread < 1.75 to 1.00 2.25% < 2.00 to 1.00 and 2.00% > 1.75 to 1.00 > 2.00 to 1.00 1.75% After maturity of any Eurodollar Rate Loan (whether by acceleration or otherwise), interest with respect to such Eurodollar Rate Loan shall be payable upon demand. In the event of any change in the Interest Coverage Ratio of the Consolidated Entity for the most recently ended four full fiscal quarters of the Consolidated Entity, the Eurodollar Rate Spread shall change effective as of the first day of the first Interest Period beginning after the date on which the most recent Financial Statements of the Consolidated Entity were required to be delivered to the Agent pursuant to Section 7.1(a) or 7.1(c), as applicable. The Agent upon determining the Adjusted Eurodollar Rate for any Interest Period shall promptly notify the Borrower and the Lenders by telephone (confirmed promptly in writing) or in writing thereof. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Eurodollar Rate Loans. Subject to the provisions of subsection (c) below, interest on each Eurodollar Rate Loan shall be payable (i) on the last day of each Interest Period with respect thereto; provided, however, that if such Interest Period is for a period in excess of three months, then such interest shall also be payable on the date three months after the first day of such Interest Period, (ii) on the date of conversion of such Eurodollar Rate Loan to a Base Rate Loan and (iii) at maturity of such Loan, at an interest rate per annum during the Interest Period for such Loan equal to the Eurodollar Rate for the Interest Period in effect for such Eurodollar Rate Loan. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding on the Banks and the Company for all purposes, absent manifest error.
