Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Fairway Group Holdings Corp), Security Agreement and Financing Statement (Fairway Group Holdings Corp), Credit Agreement (Fairway Group Holdings Corp)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin; provided, that no Borrowings hereunder shall be made in ABR except as set forth in Section 10.24.
Appears in 3 contracts
Samples: Term Loan Credit Agreement (YRC Worldwide Inc.), Tranche B Term Loan Credit Agreement (YRC Worldwide Inc.), Term Loan Credit Agreement
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 365 or 366, as applicable, days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.
Appears in 3 contracts
Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including 365 or 366 days, as the date of such Borrowing to but excluding the date of repayment thereofcase may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 3 contracts
Samples: Credit Agreement (AAC Holdings, Inc.), Credit Agreement (AAC Holdings, Inc.), Revolving Credit Agreement (Washington Water Power Co)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 365 days or 366 days, as applicable at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginMargin in effect from time to time.
Appears in 3 contracts
Samples: Credit Agreement (Cactus, Inc.), Credit Agreement (Cactus, Inc.), Credit Agreement (Cactus, Inc.)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding to, and excluding, the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Boxed, Inc.), Credit Agreement (Seven Oaks Acquisition Corp.)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Term Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Spectrum Brands, Inc.), Credit Agreement (Spectrum Brands, Inc.)
Interest on Loans. (a) 3. Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Medley Management Inc.), Credit Agreement (Medley LLC)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times (or, in the case of ABR Loans the interest payable on which is then based on the Prime Rate, over a year of 365 or 366 days, as applicable) and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (AssetMark Financial Holdings, Inc.), Credit Agreement (AssetMark Financial Holdings, Inc.)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (King Pharmaceuticals Inc), Credit Agreement (Tronox Inc)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereofother times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.ABR Margin effective for such date as set forth on Schedule A.
Appears in 2 contracts
Samples: Credit Agreement (Graham Packaging Holdings Co), Credit Agreement (Graham Packaging Holdings Co)
Interest on Loans. (a) Subject to the provisions of Section 2.072.06, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Forest Oil Corp), First Lien Credit Agreement (Forest Oil Corp)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing (including any amount capitalized and added to the principal amount thereof as described in Section 2.06(c) below) shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding to, and excluding, the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 2 contracts
Samples: Credit Agreement (Oscar Health, Inc.), Credit Agreement (Oscar Health, Inc.)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin6.50%.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.8, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including 365 or 366 days, as the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to case may be, when the Alternate Base Rate plus the Applicable Margin.is determined by
Appears in 1 contract
Samples: Credit Agreement (On Command Corp)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereofdays) at a rate per annum equal to the Alternate Base Rate plus 2.50%; provided, however, that from and after the Applicable MarginStep-Down Date and so long as no Event of Default shall have occurred and be continuing, the spread over the Alternate Base Rate for all ABR Loans shall decrease to 1.50%.
Appears in 1 contract
Samples: Credit Agreement (PSF Holdings LLC)
Interest on Loans. (a) Subject to the provisions of Section Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days 365 or 366 days, as the case may be, at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (PennyMac Financial Services, Inc.)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Diamond Resorts International, Inc.)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Base Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of paragraph (c) below and Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereofother times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1.50%.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.07 and 9.09, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin5.50% per annum.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.09, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including 365 or 366 days, as the date of such Borrowing to but excluding the date of repayment thereofcase may be) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.Rate. 38 33
Appears in 1 contract
Samples: Credit Agreement (Avista Corp)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days 360, at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Wca Waste Corp)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Term Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including 365 or 366 days, as the date of such Borrowing to but excluding the date of repayment thereofcase may be) at a rate per annum equal to (i) the Alternate Base Rate paid in cash plus (ii) the Applicable MarginMargin paid in cash.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.09, the Loans comprising each ABR Borrowing, Borrowing (whether of Syndicated Loans or of a Swingline Loan) shall bear interest (at a rate per annum equal to the Alternate Base Rate. Such interest shall be computed on the basis of the actual number of days elapsed elapsed, over (if such interest is determined on the basis of the Prime Rate) a year of 365 or 366 days, as the case may be, or (if such interest is determined on the basis of the Federal Funds Effective Rate) a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margindays.
Appears in 1 contract
Samples: Credit Agreement (Movado Group Inc)
Interest on Loans. (a) Subject to the provisions of Section 2.07, . the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) i. Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Energy & Exploration Partners, Inc.)
Interest on Loans. (a%3) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times (or, in the case of ABR Loans that bear interest by reference to the Prime Rate, 365 or 366 days, as applicable) and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Samples: Credit Agreement (Gym-Card, LLC)
Interest on Loans. (a) Subject to the provisions of Section 2.072.07 and 9.09, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the PrimeBase Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.. 1005940296v112
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, 2.07 the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including 365 or 366 days, as the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to case may be, when the Alternate Base Rate plus the Applicable Margin.is
Appears in 1 contract
Samples: Credit Agreement (LTV Corp)
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.. 1003651351v23
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.10, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base Rate is determined by reference to the Base Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin1.25%.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.07 and Section 9.09, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin6.50%.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable MarginPercentage.
Appears in 1 contract
Interest on Loans. (a) Subject to the provisions of Section 2.072.08, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.365 or
Appears in 1 contract
Interest on Loans. (a) Subject a)Subject to the provisions of Section 2.07, the Loans comprising each ABR Borrowing, Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days at all times 365 or 366 days, as the case may be, and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
Appears in 1 contract