Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Term SOFR Loan, the relevant Term SOFR for such Term SOFR Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.
Appears in 2 contracts
Samples: Abl Credit Agreement (Builders FirstSource, Inc.), Credit Agreement (Builders FirstSource, Inc.)
Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Derived Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and Rate, (ii) during such periods as such Revolving Loan is a Term SOFR Loan, the relevant Derived Term SOFR for Rate, and (iii) during such Term SOFR Loan for the applicable Interest Period plus the Applicable periods as such Revolving Loan Margin in effect from time to time.is a Daily Simple SOFR Loan, the Derived Daily Simple SOFR Rate
Appears in 2 contracts
Samples: Second Amendment Agreement (Universal Logistics Holdings, Inc.), Credit and Security Agreement (Universal Logistics Holdings, Inc.)
Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Derived Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and Rate, (ii) during such periods as such Revolving Loan is a Term SOFR Loan, the relevant Derived Term SOFR for Rate, and (iii) during such Term SOFR Loan for the applicable Interest Period plus the Applicable periods as such Revolving Loan Margin in effect from time to timeis a Daily Simple SOFR Loan, the Derived Daily Simple SOFR Rate.
Appears in 2 contracts
Samples: Credit and Security Agreement (AvidXchange Holdings, Inc.), Credit and Security Agreement (DMC Global Inc.)
Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Term SOFR Loan, the relevant Adjusted Term SOFR for such Term SOFR Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.
Appears in 2 contracts
Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.)
Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Term EurodollarTerm SOFR Loan, the relevant Term Adjusted Eurodollar RateTerm SOFR for such Term EurodollarTerm SOFR Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.
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Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Term SOFR LIBOR Rate Loan, the relevant Term SOFR Adjusted LIBOR Rate for such Term SOFR LIBOR Rate Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.
Appears in 1 contract
Samples: Credit Agreement (Kona Grill Inc)
Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Term SOFR Loan, the relevant Adjusted Term SOFR for such Term SOFR Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.
Appears in 1 contract
Samples: Credit Agreement (Eastern Co)
Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan made by each Lender shall bear interest at a fluctuating rate per annum and shall be payable in U.S. Dollars and that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Derived Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and Rate, (ii) during such periods as such Revolving Loan is a Term SOFR Loan, the relevant Derived Term SOFR for Rate, and (iii) during such Term SOFR Loan for the applicable Interest Period plus the Applicable periods as such Revolving Loan Margin in effect from time to time.is a Daily Simple SOFR Loan, the Derived Daily Simple SOFR Rate. (b)
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