Common use of Interest Payment Dates; Interest and Fee Basis Clause in Contracts

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 3 contracts

Samples: Assignment Agreement (Applebees International Inc), Credit Agreement (Applebees International Inc), Revolving Credit Agreement (Applebees International Inc)

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Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan Canadian Prime Rate Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan Canadian Prime Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance and Offered Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance or Offered Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance or Offered Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line LoansInterest, LC Fees Fees, and Commitment Fees other fees (except as provided in the following sentence) shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Loans denominated in British Pounds Sterling, Loans comprised of Floating Rate Advances, and Advances bearing interest at the Canadian Prime Rate which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Commitment Fees and Usage Fees shall be calculated for actual days elapsed on the basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of paymentpayment specified in Section 2.14. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Fixed Rate Loan shall be payable on the last day of the Interest Period applicable to the Advance of which such Loan is a part and, in the case of a Fixed Rate Advance with an Interest Period of more than 90 days’ duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of 90 days’ duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as dates for payment of interest with respect to such Advance. Interest accrued on each Swingline Loan shall be payable in arrears on the day that such Loan is repaid or is required to be paid. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Fixed Rate Loans and Commitment Fees fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances and Swingline Loans shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Ameren Energy Generating Co), Credit Agreement (Ameren Energy Generating Co), Credit Agreement (Ameren Energy Generating Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line LoansFloating Rate Advances (other than Floating Rate Advances for which the interest rate payable is based on the Prime Rate), LC Fees and Commitment Fees all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances for which the interest rate payable is based on the Prime Rate shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago Chicago, Illinois time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Chemed Corp), Credit Agreement (Chemed Corp), Credit Agreement (Chemed Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Monthly Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the applicable Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Rate Advance on a day other than a Monthly Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Floating Rate Loans, LC Commitment Fees and Commitment Facility Letter of Credit Fees shall be calculated for actual days elapsed on the basis of a 360365-day year; interest on Floating Eurodollar Rate Advances Loans shall be calculated for actual days elapsed on the basis of a 365/366360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Swingline Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Swingline Loan or Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance converted into a Eurodollar LIBOR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar LIBOR Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar LIBOR Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar LIBOR Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest with respect to any Swingline Loans shall be payable on Eurodollar Advances, Swing Line Loans, LC Fees the date that such Loan is required to be repaid. Interest with respect to LIBOR Loans and Commitment Fees commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Base Rate Advances Loans shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 3 contracts

Samples: Credit Agreement (Sei Investments Co), Credit Agreement (Sei Investments Co), Credit Agreement (Sei Investments Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Eurocurrency Advances and Swing Line Loans, Loans and LC Fees and Commitment Facility Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Zep Inc.), Revolving Credit Agreement (Acuity Brands Inc)

Interest Payment Dates; Interest and Fee Basis. (a) Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Term SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Term SOFR Advance and each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Term SOFR Advance or the Eurocurrency Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Term SOFR Advance and each Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach XXXXX Advance shall be payable in arrears on the last day of each month, Swing Line on any date on which the XXXXX Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity. Interest with respect to Term SOFR Loans, LC Fees Eurocurrency Loans and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Alternate Base Rate Advances and XXXXX Advances shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Advances and Facility Fees and Commitment Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , and interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (DPL Inc), Revolving Credit Agreement (Dayton Power & Light Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Monthly Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility A Termination Date or the Facility B Termination Date, as the case may be. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Fixed Rate Advance on a day other than a Monthly Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Floating Rate Loans and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360365-day year; interest on Floating Fixed Rate Advances Loans shall be calculated for actual days elapsed on the basis of a 365/366360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Lennar Corp), Credit Agreement (LNR Property Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees with respect to Eurocurrency Loans and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Alternate Base Rate Advances Loans shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Assignment and Assumption (Aon PLC), Assignment and Assumption (Aon PLC)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesFloating Rate Loans bearing interest at the Prime Rate shall be calculated for actual days elapsed on the basis of a 365, Swing Line Loansor when appropriate, LC Fees 366 day year. All other interest and Commitment Fees all fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day (except for interest payments in respect of Eurodollar Advances whose Interest Period ends on a day which is not a Business Day, and the next succeeding Business Day falls in a new calendar month, in which case interest accrued on such Eurodollar Advance shall be payable on the immediately preceding Business Day) and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on with respect to Eurodollar Advances, Swing Line Loans, LC Fees facility fees and Commitment Fees utilization fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Alternate Base Rate Advances Loans shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Assignment Agreement (Aon Corp), Assignment Agreement (Aon Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating each Fixed Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach Base Rate Advance or any Fixed Rate Advance that is bearing interest at the Alternate Base Rate pursuant to Article 8 shall be calculated for actual days elapsed on the basis of a 365-day or 366-day year, Swing Line Loansas the case may be. Interest on all Advances other than Base Rate Advances and Fixed Rate Advances that bear interest at the Alternate Base Rate pursuant to Article 8 and fees (including, LC without limitation, Facility Fees and Commitment Fees LC Fees) shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Eurocurrency Ratable Advances denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of prior to noon (local time) or interest on an Advance, any fees or any at such other amounts payable to any Agent or any Lender hereunder time as shall become due on a day which is not a Business Day, be specified for such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such paymentunder this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Third Restatement Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable each Interest PeriodPeriod therefor, on any date on which the Eurodollar such Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesInterest, Swing Line Loans, LC Fees facility fees and Commitment Letter of Credit Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Loans denominated in British Pounds Sterling and Floating Rate Advances Loans which shall be calculated for actual days elapsed on the basis of a 365/366365-day or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago timeLocal Time) (or, in the case of Swingline Loans, 2:00 p.m. Local Time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Bemis Co Inc), Credit Agreement (Bemis Co Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Advances and Swing Line LoansLoans and LC Fees, LC Facility Fees and Commitment Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Year Revolving Credit Agreement (Acuity Brands Inc), Credit Agreement (L&c Spinco Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Eurodollar Advances, Swing Line Loans, LC Fees Advance and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-360 day year; interest . Interest accrued on each Floating Rate Advances Advance shall be calculated for actual days elapsed on the basis of a 365/366-365, or when appropriate, 366 day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago New York time) at the place of paymentlocation specified in Section 2.12. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Obligation shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a payment of the principal paymentof any Advance, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Wrigley Wm Jr Co), Credit Agreement (Wrigley Wm Jr Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on with respect to Eurodollar Advances, Swing Line Loans, LC Fees Loans and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Alternate Base Rate Advances Loans shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Assignment and Assumption (Aon Corp), Credit Agreement (Aon Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesFloating Rate Advances when the Alternate Base Rate is determined by the Prime Rate shall be calculated for actual days elapsed on the basis of a 365, Swing Line Loansor when appropriate 366, LC Fees and Commitment Fees day year. All other computations of interest shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees Advance or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Term Loan Agreement (Enable Midstream Partners, LP), Term Loan Agreement (Oge Energy Corp.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees with respect to Eurocurrency Loans and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day 360‑day year; interest on Floating . Interest with respect to Alternate Base Rate Advances Loans shall be calculated for the actual days elapsed on the basis of a 365/366-day 365 or 366‑day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Year Credit Agreement (Aon PLC), Year Credit Agreement (Aon PLC)

Interest Payment Dates; Interest and Fee Basis. Interest The ---------------------------------------------- Borrower agrees to pay interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaidpaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest The Borrower agrees to pay interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaidpaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Fixed Rate Advances, Swing Line LoansLC Fees, LC Fees and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, Advance or any fees or any other amounts payable to any Agent or any Lender Obligations hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Global Payments Inc), Credit Agreement (National Data Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on with respect to Eurodollar Advances, Swing Line Loans, LC Fees Loans and Commitment Fees Alternate Base Rate Loans for which interest is not determined by reference to the Prime Rate shall be calculated for actual days elapsed on the basis of a 360-360 day year; . Interest with respect to Alternate Base Rate Loans for which interest on Floating is determined by reference to the Prime Rate Advances shall be calculated for the actual days elapsed on the basis of a 365/366-365 or 366 day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Term Credit Agreement (Aon Corp), Term Credit Agreement (Aon Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Fixed Rate Loan shall be payable on the last day of the Interest Period applicable to the Advance of which such Loan is a part and, in the case of a Fixed Rate Advance with an Interest Period of more than 90 days' duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of 90 days' duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as dates for payment of interest with respect to such Advance. Interest accrued on each Swingline Loan shall be payable on the day that such Loan is required to be repaid. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Fixed Rate Loans and Commitment Fees fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Union Electric Co), Credit Agreement (Union Electric Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears (a) on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on (b) any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether prepaid due to acceleration or otherwise, and (c) at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable in arrears (x) on the last day of its applicable Interest Period, (y) on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and (z) at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees for Advances and Commitment Fees fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Fixed Rate Loan shall be payable on the last day of the Interest Period applicable to the Advance of which such Loan is a part and, in the case of a Fixed Rate Advance with an Interest Period of more than 90 days’ duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of 90 days’ duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as dates for payment of interest with respect to such Advance. Interest accrued on each Swingline Loan shall be payable on the day that such Loan is required to be repaid. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Fixed Rate Loans and Commitment Fees fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Central Illinois Public Service Co), Credit Agreement (Amerenenergy Generating Co)

Interest Payment Dates; Interest and Fee Basis. Interest ---------------------------------------------- accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, prepaid and at maturity (whether due to acceleration or otherwise, and at maturity). Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Eurocurrency Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Eurocurrency Interest Period longer than three (3) months shall also be payable on the last day Business Day of each three-month interval during such Eurocurrency Interest Period. Interest accrued on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees all Loans for which the Prime Rate is the basis shall be calculated for actual days elapsed on the basis of a 360-day year; interest year of 365 or, when appropriate, 366 days. Interest accrued on Floating all Loans for which the Eurocurrency Rate Advances is the basis and all fees shall be calculated for actual days elapsed on the basis of a 365/366-day yearyear of 360 days. Interest shall be payable for the day an Advance or Swing Line Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees Advance or Swing Line Loan or any other amounts payable to any Agent or any Lender hereunder fee shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Gardner Denver Inc), Credit Agreement (Gardner Denver Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesEurocurrency Advances (to the extent not denominated in Canadian Dollars or Sterling), Swing Line Loans, commitment fees and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances and Advances denominated in Canadian Dollars or Sterling shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon Noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Alternate Base Rate Loans where the interest is based on the Prime Rate), Swing Line Loans, LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances which are Alternate Base Rate Advances Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago New York time) ), at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. (a) Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Term SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Term SOFR Advance and each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Term SOFR Advance or the Eurocurrency Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Term SOFR Advance and each Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach XXXXX Advance shall be payable in arrears on the last day of each month, Swing Line on any date on which the XXXXX Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity. Interest with respect to Term SOFR Loans, LC Fees Eurocurrency Loans and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Alternate Base Rate Advances and XXXXX Advances shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Floating Rate Loans where the interest is based on the Alternate Base Rate), Swing Line LoansFacility Fees, LC Letter of Credit Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Advances which are Floating Rate Advances Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Walgreen Co), Credit Agreement (Walgreen Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day year or, when appropriate, a 366-day year. All other interest and all fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Eurocurrency Advances and Swing Line Loans, Loans and LC Fees and Commitment Facility Fees shall be calculated for actual days elapsed on the basis of a 360-day yearyear (except that interest for Advances denominated in Pounds Sterling or Canadian Dollars shall be computed on the basis of a year of 365 days); interest on Floating Rate Advances in respect of which the Alternate Base Rate is based on the Prime Rate shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago timeLocal Time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest on Floating Rate Loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as appropriate. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that on the Facility Termination Date, and with respect to any Alternate Currency Loan, the date specified as the date on which interest is payable in the applicable Alternate Currency Addendum. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest Facility fees, utilization fees and interest on Eurodollar Advances, Swing Line Loans, Eurocurrency Advances and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Advances Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Cardinal Health Inc), Assignment and Assumption Agreement (Cardinal Health Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, commitment fees and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago noon, New York City time) , at the place of payment. If any payment of principal of or interest on an Advance, any fees Advance or any other amounts payable to any Agent or any Lender amount hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees all other fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago Charlotte, North Carolina time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, interest and fees and commissions in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Oge Energy Corp.), Credit Agreement (Oge Energy Corp.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate ABR Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate ABR Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate ABR Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the Payment Date following the date of such conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, Commitment Fees and LC Fees and Commitment Fees interest on Eurodollar Loans shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances ABR Loans and Swing Line Loans shall be calculated for actual days elapsed on the basis of a 365/366365-day (or, if applicable, 366-day) year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 2:00 p.m. (Chicago Central time) at the place of paymentin accordance with Section 2.12. If any payment of principal of or interest on an Advance, any fees Advance or any other amounts payable to any Agent or any Lender hereunder Swing Line Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwisehereof, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating each Fixed Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach Base Rate Advance or any Fixed Rate Advance that is bearing interest at the Alternate Base Rate pursuant to Article 8 shall be calculated for actual days elapsed on the basis of a 365-day or 366-day year, Swing Line Loansas the case may be. Interest on all Advances other than Base Rate Advances and Fixed Rate Advances that bear interest at the Alternate Base Rate pursuant to Article 8 and fees (including, LC without limitation, Facility Fees and Commitment Fees LC Fees) shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Eurocurrency Ratable Advances denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of prior to noon (local time) or interest on an Advance, any fees or any at such other amounts payable to any Agent or any Lender hereunder time as shall become due on a day which is not a Business Day, be specified for such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such paymentunder this Agreement.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Emerson Electric Co), Credit Agreement (Emerson Electric Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest on Floating Rate Loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as appropriate. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that on the Facility Termination Date, and with respect to any Alternate Currency Loan, the date specified as the date on which interest is payable in the applicable Alternate Currency Addendum. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest Facility Fees, utilization fees and interest on Eurodollar Advances, Swing Line Loans, Eurocurrency Advances and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Advances Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 2 contracts

Samples: Credit Agreement (Cardinal Health Inc), Credit Agreement (Cardinal Health Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period, and upon any prepayment. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Eurodollar Advances, commitment fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment. Notwithstanding the foregoing, the Borrower will pay to the Agent, for the account of each Lender, interest at the applicable rate in accordance with Section 2.11.

Appears in 2 contracts

Samples: Credit Agreement (Shaw Group Inc), Assignment Agreement (Shaw Group Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, and on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, on any date on which the Eurocurrency Advance is required to be repaid, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than (1) Alternate Base Rate Loans where the interest is based on the Prime Rate or (2) Revolving Loans denominated in Sterling), Swing Line Loans, LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances which are (1) Alternate Base Rate Advances Loans where the interest is based on the Prime Rate and (2) Revolving Loans denominated in Sterling, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (Pacific time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (SALESFORCE.COM, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and (other than a Swing Line Loan Loan) shall be payable in arrears on the Closing Date and each Payment Date, commencing with the first such date Payment Date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar each Swing Line Loan shall be payable on the last day of each calendar month (including the first day of such month but not including the last day of such month) and on the Maturity Date (it being understood and agreed that the Borrower shall pay any accrued and unpaid interest in respect of the Existing Swing Line Loans upon the first of such dates to occur after the Closing Date). Interest on Eurocurrency Advances, Swing Line Loans, LC Fees and Commitment Fees all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Revolving Loans denominated in British Pounds Sterling or determined by reference to the Prime Rate, which shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Floating Rate Advances (other than Swing Line Loans) shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago timeLocal Time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on the Closing Date and each Payment Date, commencing with the first such date Payment Date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Eurocurrency Advances, Swing Line Loans, LC Fees and Commitment Fees all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Revolving Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365-day year. Interest on Floating Rate Advances (other than Swing Line Loans) shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Monthly Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility B Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Fixed Rate Advance on a day other than a Monthly Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Floating Rate Loans and Facility Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 365-day year; interest on Fixed Rate Loans shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an a Facility B Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder a Facility B Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest on Floating Rate Loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as appropriate. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that , and with respect to any Alternate Currency Loan, the date specified as the date on which interest is payable in the applicable Alternate Currency Addendum. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesInterest, Swing Line Loans, facility fees and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Advances Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on the last day of each Payment Datecalendar month, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date the last day of any calendar month shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Eurodollar Advances, commitment fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment. Notwithstanding the foregoing, the Borrower will pay to the Agent, for the account of each Lender, interest at the applicable rate in accordance with Section 2.11.

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued Accrued interest on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Interest Payment Date, Date commencing with the first such date to occur after the Closing Datedate hereof for such Loan; provided that (i) interest accrued pursuant to Section 2.9 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan, accrued interest on any the principal amount repaid or prepaid shall be payable on the date on which the Floating Rate Advance of such repayment or Swing Line Loan is prepaidprepayment, whether due to by acceleration or otherwise, and at maturity, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. Interest accrued on that portion of the outstanding principal amount of any Floating Rate ABR Advance converted into a Eurodollar Advance on a day other than a an Interest Payment Date shall be payable on the date day of conversion. Interest accrued on each Dollar denominated Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, Loans and at maturity; provided that interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except that interest on Floating Rate Advances Eurodollar Loans denominated in Sterling shall be calculated for actual days elapsed on the basis of a 365/366365-day year or 366-day year, as the case may be. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Day Credit Agreement (Illinois Tool Works Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued ---------------------------------------------- on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) six months shall also be payable on the last day of each three-month interval during such Interest PeriodPeriod or as otherwise agreed upon by the Lenders and the Borrower. Interest on Eurodollar Advances, Swing Line Loans, LC Facility Fees and Commitment Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Day Credit Agreement (Mead Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, and on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than 50 a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Alternate Base Rate Loans where the interest is based on the Prime Rate and Eurocurrency Advances based on CDOR), Swing Line Loans, LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances (1) which are Alternate Base Rate Loans where the interest is based on the Prime Rate and (2) Eurocurrency Advances based on CDOR, such interest shall be calculated for actual days elapsed on the basis of a 365/366-365/366 day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (GXO Logistics, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Third RestatementSecond Amendment Effective Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable each Interest PeriodPeriod therefor, on any date on which the Eurodollar such Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesInterest, Swing Line Loans, LC Fees facility fees and Commitment Letter of Credit Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Loans denominated in British Pounds Sterling and Floating Rate Advances Loans which shall be calculated for actual days elapsed on the basis of a 365/366365-day or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago timeLocal Time) (or, in the case of Swingline Loans, 2:00 p.m. Local Time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Swing Line Loan and Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Monthly Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Swing Line Loan or Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility A Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Fixed Rate Advance on a day other than a Monthly Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Floating Rate Loans and Facility Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 365-day year; interest on Fixed Rate Loans shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an a Committed Advance or a Swing Line Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees a Committed Advance or any other amounts payable to any Agent or any Lender hereunder a Swing Line Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Eurocurrency Advances and Swing Line Loans, Loans and LC Fees and Commitment Facility Fees shall be calculated for actual days elapsed on the basis of a 360-day yearyear (except that interest for Advances denominated in Pounds Sterling shall be computed on the basis of a year of 365 days); interest on Floating Rate Advances in respect of which the Alternate Base Rate is based on the Prime Rate shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago timeLocal Time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Acuity Brands Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwisehereof, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating each Fixed Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach Base Rate Advance or any Fixed Rate Advance that is bearing interest at the Alternate Base Rate pursuant to Article 8 shall be calculated for actual days elapsed on the basis of a 365-day or 366-day year, Swing Line Loansas the case may be. Interest on all Advances other than Base Rate Advances and Fixed Rate Advances that bear interest at the Alternate Base Rate pursuant to Article 8 and fees (including, LC without limitation, Commitment Fees and Commitment Fees LC Fees) shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Eurocurrency Ratable Advances denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of prior to noon (local time) or interest on an Advance, any fees or any at such other amounts payable to any Agent or any Lender hereunder time as shall become due on a day which is not a Business Day, be specified for such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such paymentunder this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Emerson Electric Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Swing Line Loan shall be payable on each Payment Date, on any date on which such Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day year or, when appropriate, a 366-day year. All other interest and all fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest on Floating Rate Loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as appropriate. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that , and with respect to any Alternate Currency Loan, the date specified as the date on which interest is payable in the applicable Alternate Currency Addendum. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Advances Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.succeeding

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Loans denominated in British Pounds Sterling and Loans comprised of Floating Rate Advances Advances, which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Facility Fees and utilization fees shall be calculated for actual days elapsed on the basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Cooper Cameron Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the a Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance or Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Absolute Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance or Absolute Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Facility fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances and Absolute Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Eurodollar Advances shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment. 2.13.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Fixed Rate Loan shall be payable on the last day of the Interest Period applicable to the Advance of which such Loan is a part and, in the case of a Fixed Rate Advance with an Interest Period of more than 90 days’ duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of 90 days’ duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as dates for payment of interest with respect to such Advance. Interest accrued on each Swingline Loan shall be payable in arrears on the day that such Loan is repaid or is required to be paid. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Fixed Rate Loans and Commitment Fees fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances and Swingline Loans shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Ameren Energy Generating Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month three‑month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day year or, when appropriate, a 366-day year. All other interest and all fees shall be calculated for actual days elapsed on the basis of a 360‑day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances for which the Prime Rate is the basis shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago Charlotte time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating such Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar such Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach Foreign Currency Swing Loan, on each Euro Swing Line LoansLoan and on each U.S. Swing Loan shall be paid on the Maturity Date therefor, LC Fees on any date on which such Foreign Currency Swing Loan or such Euro Swing Loan is prepaid, whether due to acceleration or otherwise, and Commitment Fees at maturity. Interest, facility fees and utilization fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Base Rate Advances Loans calculated by reference to the “prime rate” of Bank of America, Foreign Currency Swing Loans and Revolving Loans denominated in Pounds Sterling or Yen, as applicable, which shall be calculated for actual days elapsed on the basis of a 365/366365-day year or when appropriate, a 366-day year. Interest shall be payable for the day an Advance a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder a Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment and Assumption (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on ------------------------------------------------ each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date upon each Swing Line Loan shall be payable on upon the date of conversionsuch Swing Line Loan is repaid and at its maturity. Interest accrued on each Eurodollar Advance or Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Absolute Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance or Absolute Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

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Interest Payment Dates; Interest and Fee Basis. Interest accrued ---------------------------------------------- on each Floating Rate ABR Advance and Swing Line constituting a Revolving Loan Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate such Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar LIBOR Advance shall be payable on the last day of its applicable LIBOR Interest Period, on or any date on which the Eurodollar LIBOR Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar LIBOR Advance having an a LIBOR Interest Period longer than three (3) months shall also be payable on the last day of each three-three (3) month interval during such LIBOR Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest accrued on Floating Rate Advances each Swingline Advance shall be calculated for actual days elapsed payable on the basis last day of a 365/366-day yeareach calendar month, commencing with the first such date to occur after the date hereof, and at maturity. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Finish Line Inc /De/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Floating Rate Loans where the interest is based on the Alternate Base Rate), Swing Line LoansCommitment Fees, LC Letter of Credit Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Advances which are Floating Rate Advances Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreen Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-365/366- day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago Chicago, Illinois time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Roto-Rooter Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its each applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Fixed Rate Loan shall be payable on the last day of the Interest Period applicable to the Advance of which such Loan is a part and, in the case of a Fixed Rate Advance with an Interest Period of more than 90 days’ duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of 90 days’ duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as dates for payment of interest with respect to such Advance. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Fixed Rate Loans and Commitment Fees fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Ameren Energy Generating Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesEurocurrency Advances (other than Eurocurrency Advances denominated in British Pounds Sterling), Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances for which the Prime Rate is the basis and Eurocurrency Advances denominated in British Pounds Sterling shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Johnson Outdoors Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued ---------------------------------------------- on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance or Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Absolute Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance or Absolute Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Torchmark Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, upon the termination of the Commitments and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Fixed Rate Advance is prepaid, whether by acceleration or otherwise, upon the termination of the Commitments and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Loans and Commitment Fees fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except that interest on Floating Rate Advances Loans shall be calculated for actual days elapsed on the basis of a 365/366365-day year or 366 day year, as the case may be, and interest on Loans denominated in British Pounds Sterling or by reference to the CDOR Rate shall be calculated for actual days elapsed on the basis of a 365-day year (or 366 days in a leap year). Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment and Assumption (Illinois Tool Works Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on ---------------------------------------------- each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, hereof and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance Loan converted into a Eurodollar Advance Loan on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance Loan is prepaid, whether by mandatory prepayment, upon acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and the Commitment Fees Fee shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder a Loan shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Nesco Inc/Ok)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Swing Line Loan shall be payable on each Payment Date, on any date on which such Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on each SOFR Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar such SOFR Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar SOFR Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day year or, when appropriate, a 366-day year. All other interest and all fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued ---------------------------------------------- on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) six months shall also be payable on the last day of each three-month interval during such Interest PeriodPeriod or as otherwise agreed upon by the Lenders and the Borrower. Interest on Eurodollar Advances, Swing Line Loans, LC Facility Fees and Commitment Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mead Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Facility Fees and Commitment Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Acuity Brands Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line LoansEurocurrency Advances (other than Eurocurrency Advances denominated in British Pounds Sterling), LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances for which the Prime Rate is the basis and Eurocurrency Advances denominated in British Pounds Sterling shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any the Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Johnson Outdoors Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest on Floating Rate Loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as appropriate. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable in arrears on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that , and with respect to any Alternate Currency Loan, the date specified as the date on which interest is payable in the applicable Alternate Currency Addendum. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest Facility fees, utilization fees and interest on Eurodollar Advances, Swing Line Loans, Eurocurrency Advances and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Floating Rate Advances Loans denominated in British Pounds Sterling which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued ---------------------------------------------- on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Fixed Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar such Fixed Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Fixed Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesInterest, Swing Line Loans, LC Facility Fees and Commitment LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year; , except that interest on Floating Rate Advances accruing at a rate based on the Corporate Base Rate shall be calculated for actual days elapsed computed on the basis of a 365/366365- or 366-day year, as applicable. Interest shall be payable for the day an a Ratable Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder a Ratable Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Alliant Energy Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Swing Line LoansCommitment Fees, LC Letter of Credit Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances which are Alternate Base Rate Advances Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on ---------------------------------------------- each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance or Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Absolute Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance or Absolute Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Torchmark Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, and on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar EurocurrencySOFR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar eachSOFR Advance or Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to ‎Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Alternate Base Rate Loans where the interest is based on the Prime Rate, Swing Line LoansSXXXX Advances and Eurocurrency Advances based on CDOR), LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances (1) which are Alternate Base Rate Loans where the interest is based on the Prime Rate and, (2) SXXXX Advances and (3) Eurocurrency Advances based on CDOR, such interest shall be calculated for actual days elapsed on the basis of a 365/366-365/366 day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, SXXXX Business Day or U.S. Government Securities Business Day, as applicable, such payment shall be made on the next succeeding Business Day Day, SXXXX Business or U.S. Government Securities Business Day, as applicable and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (GXO Logistics, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, and on any date on which the Floating Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance converted into a Eurodollar SOFR Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance or SOFR Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance or SOFR Advance, as applicable, is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance and each SOFR Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to ‎Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Base Rate Loans where the interest is based on the Prime Rate and Eurocurrency Advances based on CDOR), Swing Line Loans, LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances (1) which are Base Rate Loans where the interest is based on the Prime Rate and (2) Eurocurrency Advances based on CDOR, such interest shall be calculated for actual days elapsed on the basis of a 365/366-365/366 day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day Day, and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (RXO, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance, Same Day Dollar Advance and Swing Line Loan or Tranche B Same Day Multi-Currency Advance denominated in Euro shall be payable in arrears by the applicable Borrower on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating such Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on each Alternative Currency Daily Rate Advance or Swing Line Loan Tranche B Same Day Multi-Currency Advance denominated in Sterling shall be payable by the applicable Borrower on each Interest Payment Date, commencing with the first such date to occur after the date hereof, on any date on which such Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance, Same Day Dollar Advance or Tranche B Same Day Multi-Currency Advance converted into a Eurodollar Term Rate Advance on a day other than a Payment Date shall be payable by the applicable Borrower on the date of conversion. Interest accrued on each Eurodollar Term Rate Advance shall be payable by the applicable Borrower on the last day of its applicable Interest Period, on any date on which the Eurodollar such Term Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Term Rate Advance having an Interest Period longer than three (3) months shall also be payable by the applicable Borrower on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year; , provided, that interest on Floating Base Rate Advances Loans, Tranche B Same Day Multi-Currency Loans and Alternative Currency Daily Rate Loans determined in reference to Simple XXXXX or XXXXX, as the case may be, shall be calculated for actual days elapsed on the basis of a 365/366365-day year or when appropriate, a 366-day year. Interest shall be payable by the applicable Borrower for the day an Advance a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder a Loan shall become due on a day which is not a Business Day, such payment shall be made by the applicable Borrower on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.. Visa: Amended and Restated Five Year Revolving Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Visa Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date in respect of Floating Rate Advances shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365 (or, when appropriate, 366) day year; interest on Eurodollar Advances and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Security Agreement (Pronet Inc /De/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided provided, that interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Facility Fees and Commitment Utilization Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Acuity Brands Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Original Effective Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on each Fixed Rate Loan shall be payable on the last day of the Interest Period applicable to the Advance of which such Loan is a part and, in the case of a Fixed Rate Advance with an Interest Period of more than 90 days' duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of 90 days' duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as dates for payment of interest with respect to such Advance. Interest accrued on each Swingline Loan shall be payable on the day that such Loan is required to be repaid. Interest accrued on any Advance that is not paid when due shall be payable on demand and on the date of payment in full. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Fixed Rate Loans and Commitment Fees fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Amerenenergy Generating Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate ABR Advance and Swing Line Loan shall be payable in arrears on each Monthly Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate ABR Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate ABR Advance converted into a Eurodollar Advance on a day other than a Monthly Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance and Competitive Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Competitive Loan is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesABR Loans, Swing Line Loans and Competitive Loans, LC Commitment Fees and Commitment Facility Letter of Credit Fees shall be calculated for actual days elapsed on the basis of a 360365-day (or, if applicable, 366-day) year; interest on Floating Rate Eurodollar Advances shall be calculated for actual days elapsed on the basis of a 365/366360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 1:00 p.m. (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp /New/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees Advances and Commitment Fees all fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Bridge Credit Agreement (Patterson Dental Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesFloating Rate Advances when the Alternate Base Rate is determined by the Prime Rate shall be calculated for actual days elapsed on the basis of a 365, Swing Line Loansor when appropriate 366, LC Fees day year. All other computations of interest and Commitment Fees all other fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago time) at the place of payment. If Except as set forth in the second proviso to the definition of “Interest Period,” if any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, interest and fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Term Loan Agreement (Oklahoma Gas & Electric Co)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line LoansInterest, LC Fees Fees, and Commitment Fees other fees (except as provided in the following sentence) shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Loans denominated in British Pounds Sterling and Loans comprised of Floating Rate Advances Advances, which shall be calculated for actual days elapsed on the basis of a 365/366365-day year. Facility Fees and utilization fees shall be calculated for actual days elapsed on the basis of a 365-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, specified in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such paymentSection 2.

Appears in 1 contract

Samples: Credit Agreement (Cooper Cameron Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued ---------------------------------------------- on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Eurodollar Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, or converted to a Floating Rate Advance, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Eurodollar Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Eurodollar Interest Period. Interest on all Eurodollar Advances, Swing Line Loans, LC Fees Loans and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest on all Floating Rate Advances Loans shall be calculated for actual days elapsed on the basis of a 365/366-365 (or, when appropriate, 366) day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Money Store Inc /Nj)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Swing Line Loan shall be payable on each Payment Date, on any date on which such Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month threemonth interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day year or, when appropriate, a 366-day year. All other interest and all fees shall be calculated for actual days elapsed on the basis of a 360day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and (other than a Swing Line Loan Loan) shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-three month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, and commitment fees for Eurocurrency Advances and LC Fees and Commitment Fees shall be calculated for actual days elapsed on the basis of a 360-360 day year; interest on . Interest and commitment fees for Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366365-day day, or where appropriate 366-day, year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received made prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

Interest Payment Dates; Interest and Fee Basis. Interest ---------------------------------------------- accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the such Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance or Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Absolute Rate Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance or Absolute Rate Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Torchmark Corp)

Interest Payment Dates; Interest and Fee Basis. Interest ---------------------------------------------- accrued on each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, and at maturity (whether due to acceleration or otherwise, and at maturity). Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Eurocurrency Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Eurocurrency Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Eurocurrency Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.Day

Appears in 1 contract

Samples: Assignment Agreement (Gardner Denver Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on ---------------------------------------------- each Floating Rate ABR Advance and Swing Line constituting a Revolving Loan Advance shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate such Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar LIBOR Advance shall be payable on the last day of its applicable LIBOR Interest Period, on or any date on which the Eurodollar LIBOR Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar LIBOR Advance having an a LIBOR Interest Period longer than three (3) months shall also be payable on the last day of each three-three (3) month interval during such LIBOR Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest . Interest accrued on Floating Rate Advances each Swingline Advance shall be calculated for actual days elapsed payable on the basis last day of a 365/366-day yeareach calendar month, commencing with the first such date to occur after the date hereof, and at maturity. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /De/)

Interest Payment Dates; Interest and Fee Basis. (a) Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating an Alternate Base Rate Advance or Swing Line Loan is prepaid (with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid (with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advanceseach XXXXX Advance shall be payable in arrears on the last day of each month, Swing Line Loanson any date on which the XXXXX Advance is prepaid (with respect to the principal so prepaid), LC Fees whether by acceleration or otherwise, and Commitment Fees at maturity. Interest with respect to Eurocurrency Loans and facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; interest on Floating . Interest with respect to Alternate Base Rate Advances and XXXXX Advances shall be calculated for the actual days elapsed on the basis of a 365/366365 or 366-day year, as applicable. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 noon p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Aon PLC)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance and (other than a Swing Line Loan Loan) shall be payable in arrears on the Closing Date and each Payment Date, commencing with the first such date Payment Date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar each Swing Line Loan shall be payable on the last day of each calendar month (including the first day of such month but not including the last day of such month) and on the Maturity Date (it being understood and agreed that the Borrower shall repay any outstanding Existing Swing Line Loans, together with any accrued and unpaid interest, on the Closing Date). Interest on Eurocurrency Advances, Swing Line Loans, LC Fees and Commitment Fees all other fees hereunder shall be calculated for actual days elapsed on the basis of a 360-day year; , except for interest on Revolving Loans denominated in British Pounds Sterling or determined by reference to the Prime Rate, which shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Floating Rate Advances (other than Swing Line Loans) shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago timeLocal Time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate ABR Advance and Swing Line Loan shall be payable in arrears on each Monthly Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Rate ABR Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Rate ABR Advance converted into a Eurodollar Advance on a day other than a Monthly Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance and Competitive Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance or Competitive Loan is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest on Eurodollar AdvancesABR Loans, Swing Line Loans and Competitive Loans, LC Facility Fees and Commitment Facility Letter of Credit Fees shall be calculated for actual days elapsed on the basis of a 360365-day (or, if applicable, 366-day) year; interest on Floating Rate Eurodollar Advances shall be calculated for actual days elapsed on the basis of a 365/366360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 2:00 p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp /New/)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, and on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to ‎Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than Alternate Base Rate Loans where the interest is based on the Prime Rate and Eurocurrency Advances based on CDOR), Swing Line Loans, LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances (1) which are Alternate Base Rate Loans where the interest is based on the Prime Rate and (2) Eurocurrency Advances based on CDOR, such interest shall be calculated for actual days elapsed on the basis of a 365/366-365/366 day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (New York time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (XPO Logistics, Inc.)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Alternate Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Effective Date, on any date on which the Floating Alternate Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Facility Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Alternate Base Rate Advance converted into a Eurodollar Eurocurrency Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Eurocurrency Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Facility Termination Date. Interest accrued on each Eurodollar Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on Eurodollar Advancesdemand. With respect to (a) interest on all Advances (other than (1) Alternate Base Rate Loans where the interest is based on the Prime Rate or (2) Revolving Loans denominated in Sterling), Swing Line Loans, LC Commitment Fees and Commitment Fees other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year; year and (b) interest on Floating Advances which are (1) Alternate Base Rate Advances Loans where the interest is based on the Prime Rate and (2) Revolving Loans denominated in Sterling, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago x) 1:00 p.m. (Pacific time), in the case of an Advance denominated in Dollars or (y) the Applicable Time, in the case of an Advance denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment.

Appears in 1 contract

Samples: Credit Agreement (Salesforce Com Inc)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Base Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Datedate hereof, on any date on which the Floating Base Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, and at maturityon the Commitment Termination Date. Interest accrued on that portion of the outstanding principal amount of any Floating Base Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Eurodollar Interest Period, on any date on which the such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest on the Commitment Termination Date. Interest accrued on each Eurodollar Advance having an a Eurodollar Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Eurodollar Interest Period. Interest on Eurodollar Advances, Swing Line Loans, LC Fees and Commitment Fees Advances shall be calculated for actual days elapsed on the basis of a 360-day year; . Fees payable hereunder and interest on Floating Base Rate Advances shall be calculated for the actual number of days elapsed on the basis of a 365/366-day yearyear consisting of 365, or where appropriate, 366 days. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon 2:00 p.m. (Chicago New York time) at the place of payment. If any payment of principal of or interest on an Advance, any fees or any other amounts payable to any Agent or any Lender hereunder Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Guaranty Agreement (NGC Corp)

Interest Payment Dates; Interest and Fee Basis. Interest accrued on ---------------------------------------------- each Floating Rate Advance and Swing Line Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, on any date on which the Floating Rate Advance or Swing Line Loan is prepaid, whether due to acceleration or otherwise, hereof and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity; provided that interest . Interest accrued on each Eurodollar Advance having an Interest Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on Eurodollar Advances, Swing Line Loans, LC Fees fees payable with respect to Facility LCs and Commitment Fees facility fees shall be calculated for actual days elapsed on the basis of a 360-day year; year of 360 days, and interest accrued on Floating Rate Advances and Swing Line Loans shall be calculated for actual days elapsed on the basis of a 365/366-day yearyear or 365, or when appropriate 366, days. Interest shall be payable for the day an Advance or Swing Line Loan is made but not for the day of any payment on the amount paid if payment is received prior to 12:00 noon (Chicago local time) at the place of payment. If any payment of principal of or interest on an Advance, any fees Advance or Swing Line Loan or any other amounts payable to any Agent or any Lender hereunder fee shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions interest in connection with such payment.

Appears in 1 contract

Samples: Assignment Agreement (Howmet International Inc)

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