Common use of Interest on Term Loans Clause in Contracts

Interest on Term Loans. (a) Subject to the provisions of Section 2.08, each ABR Term Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 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 three hundred sixty-six (366) days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 3 contracts

Samples: Credit Agreement (Delta Air Lines, Inc.), Loan Credit Agreement (Delta Air Lines, Inc.), Term Loan Credit Agreement (Delta Air Lines, Inc.)

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Interest on Term Loans. (a) Subject to the provisions of Section 2.082.07, the Term Loans comprising each ABR Term Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of three hundred sixty (360) days or365 or 366 days, as the case may be, when the Alternate Base Rate is based on determined by reference to the Prime Rate, Rate and over a year with three hundred sixty-five (365) of 360 days or three hundred sixty-six (366) days in a leap yearat 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 (Dynegy Inc.), Credit Agreement (Dynegy Inc.)

Interest on Term Loans. (a) Subject to the provisions of Section 2.082.07, the Term Loans comprising each ABR Term Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of three hundred sixty (360) days or365 or 366 days, as the case may be, when the Alternate Base Rate is based on determined by reference to the Prime Rate, Rate and over a year with three hundred sixty-five (365) of 360 days or three hundred sixty-six (366) days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 2 contracts

Samples: Credit Agreement (Dynegy Inc /Il/), Lien Credit Agreement (Dynegy Inc /Il/)

Interest on Term Loans. (a) Subject to the provisions of Section 2.08, each ABR Term Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 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 three hundred sixty-six (366) days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.. #10384228v33

Appears in 1 contract

Samples: Term Loan Credit Agreement (Delta Air Lines, Inc.)

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Interest on Term Loans. (a) Subject to the provisions of Section 2.08, each ABR Term Loan shall bear interest (computed on the basis of the actual number of days elapsed over a year of 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) 365 days or three hundred sixty-six (366) 366 days in a leap year) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Jetblue Airways Corp)

Interest on Term Loans. (a) Subject to the provisions of Section 2.082.07, the outstanding Term Loans comprising each ABR Term Loan Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of three hundred sixty (360) days or365 or 366 days, as the case may be, when the Alternate Base Rate is based on determined by reference to the Prime Rate, Rate and over a year with three hundred sixty-five (365) of 360 days or three hundred sixty-six (366) days in a leap yearat all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

Appears in 1 contract

Samples: Credit Agreement (NRG Energy, Inc.)

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