Interest on Revolving Loans. (a) Subject to the provisions of Section 2.07, the Revolving Loans comprising each ABR 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) at a rate per annum equal to the Alternate Base Rate plus the Applicable Percentage in effect from time to time.
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Samples: Credit Agreement (Sola International Inc), Credit Agreement (Sola International Inc)
Interest on Revolving Loans. (a) Subject to the provisions of Section 2.07Section 2.08, the Revolving Loans comprising each ABR Borrowing Revolving Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 three hundred sixty (360) days or, when the Alternate Base Rate is based on the Prime Rate, a year with three hundred sixty five (365) days or 366 days, as the case may bethree hundred sixty six (366) days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Percentage in effect from time to timeMargin.
Appears in 2 contracts
Samples: Credit Agreement (Delta Air Lines, Inc.), Credit Agreement (Delta Air Lines Inc /De/)
Interest on Revolving Loans. (a) Subject to the provisions of Section 2.072.08, the Revolving Loans comprising each ABR Borrowing Revolving Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 three hundred sixty (360) days or, when the Alternate Base Rate is based on the Prime Rate, a year with three hundred sixty five (365) days or 366 days, as the case may bethree hundred sixty six (366) days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Percentage in effect from time to timeMargin.
Appears in 2 contracts
Samples: Credit Agreement (Delta Air Lines, Inc.), Credit Agreement (Delta Air Lines, Inc.)
Interest on Revolving Loans. (a) Subject to the provisions of Section 2.07, the Revolving Loans comprising each ABR 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 Percentage in effect from time to timeMargin.
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