Example ContractsClausesInterest on Swingline Loans
Interest on Swingline Loans
Interest on Swingline Loans contract clause examples

Interest on Swingline Loans. Subject to the provisions of Section 2.7(c), each Swingline Loan shall bear interest at per annum rate equal to the Base Rate plus the Applicable Percentage. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (or at such other times as may be specified herein). The Swingline Lender shall be responsible for invoicing the Borrowers for interest on the Swingline Loans. Until each Revolving Lender funds its Base Rate Loan or risk participation pursuant to this [Section 2.5] to refinance such Lender’s Revolving Commitment Percentage of any Swingline Loan, interest in respect of such Revolving Commitment Percentage shall be solely for the account of the Swingline Lender.

Interest on Swingline Loans. Subject to the provisions of Section 2.7, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

Swingline Loans. The Borrower shall repay each Swingline Loan on the earlier to occur of: # the date that is fifteen (15) Business Days after the date on which such Loan is made and # the Maturity Date.

Swingline Loans. The Borrower shall repay each Swingline Loan on the earlier to occur of # the date ten (10) Business Days after such Loan is made and # the Maturity Date for the Revolving Facility.

Swingline Loans. Each Borrower shall repay each Swingline Loan on the earlier to occur of # the date ten (10) Business Days after such Loan is made and # the Maturity Date for the Revolving Facility.

Interest on Swingline Loans. Subject to the provisions of Section 2.7, Swingline Loans shall bear interest at a per annum rate equal to the LIBOR Reference Rate plus the Applicable Margin for Revolving A Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

Interest on Swingline Loans. Subject to the provisions of [Section 2.8], Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

Interest on Swingline Loans. Subject to the provisions of [Section 2.7], Swingline Loans shall bear interest at a per annum rate equal to the LIBOR Reference Rate plus the Applicable Margin for Revolving Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

Swingline Loans. The Swingline Loans shall bear interest at a rate per annum equal to, in the case of a Swingline Loan to the Company # the Alternate Base Rate plus the Applicable Rate, or # the Daily LIBO Rate plus the Applicable Rate, as elected by the Company.

Interest on Swingline Loans. Until repaid by the applicable Borrower (including any deemed repayment pursuant to [Section 2.6(f)] hereof), each Swingline Loan shall accrue interest at the Reference Rate.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.