Common use of Base Rate Advances Clause in Contracts

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears on the last day of March, June, September, and December and on the date such Base Rate Advance shall be paid in full, provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annum.

Appears in 5 contracts

Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

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Base Rate Advances. If such Advance is a Base Rate Advance, at a rate per annum equal at all times to the Adjusted Alternate Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable monthly in arrears on the last day Business Day of March, June, September, and December each calendar month and on the date such Base Rate Advance shall be paid in full; provided, provided however, that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to two percent (2.0%) per annum above the Adjusted Alternate Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 4 contracts

Samples: Credit Agreement (Vicorp Restaurants Inc), Credit Agreement (Vicorp Restaurants Inc), Credit Agreement (Vicorp Restaurants Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears on the last day of March, June, September, and December and on the date such Base Rate Advance shall be paid in full, provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.003.00% per annum.

Appears in 4 contracts

Samples: Credit Agreement (3dx Technologies Inc), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted sum of (x) the Base Rate in effect from time to time plus (y) the respective Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of Marcheach April, JuneJuly, SeptemberOctober, and December January and on the date such Base Rate Advance shall be Converted or paid in full; provided, provided that that, any amount of principal which is not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.002% per annumannum above the rate per annum required to be paid on such Advance immediately prior to the date on which such principal amount become due.

Appears in 3 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc), Security Agreement (Gap Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the lesser of (i) the Adjusted Base Rate in effect from time-to-time to time plus and (ii) the Applicable Margin in effect from time to timeMaximum Rate, payable in arrears on the last day Business Day of March, June, September, and December each calendar quarter and on the date such Base Rate Advance shall be paid in full, provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the lesser of (i) the Adjusted Base Rate in effect from time to time-to-time plus 2% and (ii) the Applicable Margin plus 2.00% per annumMaximum Rate.

Appears in 3 contracts

Samples: Credit Agreement (Valhi Inc /De/), Credit Agreement (Valhi Inc /De/), Pledge and Security Agreement (Valhi Inc /De/)

Base Rate Advances. If such A Advance is a Base Rate Advance, a ------------------ rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of Marcheach April, JuneJuly, SeptemberOctober, and December January and on the date such Base Rate Advance shall be Converted or paid in full; provided, provided that that, any amount of principal which is not paid when due -------- ---- (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum above the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 2 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable quarterly in arrears on the last day of March, June, September, and December each calendar quarter and on the date such Base Rate Advance shall be paid in full, provided that any amount upon the occurrence and continuance of principal which is not paid when due (whether at stated maturityan Event of Default, by acceleration, or otherwise) such Advances shall bear interest from the date on which such amount is due Event of Default occurred until such amount is paid in fullEvent of Default has been cured or waived, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annum%, provided that the rate charged pursuant to this Section 2.09(a) shall never exceed the Maximum Rate.

Appears in 2 contracts

Samples: Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to timeMargin, payable quarterly in arrears on the last day of each March, June, September, September and December and on the date such Base Rate Advance shall be paid in full, ; provided that any amount of principal (and, to the fullest extent permitted by law, interest) which is not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is when due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum plus the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 1 contract

Samples: Credit Agreement (Gpu Inc /Pa/)

Base Rate Advances. If such A Advance is a Base Rate ------------------ Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of Marcheach April, JuneJuly, SeptemberOctober, and December January and on the date such Base Rate Advance shall be Converted or paid in full; provided, provided that that, any amount of principal which is -------- ---- not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum above the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

Base Rate Advances. If such A Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September, and December during such period and on the date such Base Rate Advance shall be paid in full, provided ; PROVIDED that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 1% per annum above the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 1 contract

Samples: Credit Agreement (Colgate Palmolive Co)

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Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears on the last day of March, June, September, and December and on the date such Base Rate Advance shall be paid in full, ; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annum.

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

Base Rate Advances. If During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted sum of the Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears due quarterly on the last day Business Day of each March, June, SeptemberSeptember and December, and December commencing September 30, 2015, during such periods and on the date such Base Rate Advance shall be Converted (in whole or in part), changed (in whole or in part) as a result of any division or combination of any Borrowing, or paid in full, ; provided that any amount of principal which is such Advance not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest on the principal amount thereof from the date on which such amount is due time to time outstanding, payable upon demand, until such amount is paid in full, payable on demand, full at a rate per annum equal at all such times to 2% above the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eog Resources Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time-to-time plus the Applicable Margin in effect from time to timeMargin, payable in arrears on the last first day of Marcheach January, JuneApril, SeptemberJuly, and December October and on the date such Base Rate Advance shall be paid in full, provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, acceleration or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time-to-time plus the Applicable Margin plus 2.00% per annum3%.

Appears in 1 contract

Samples: Credit Agreement (Equity Corp International)

Base Rate Advances. If During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted sum of the Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears due quarterly on the last day Business Day of each March, June, SeptemberSeptember and December, and December commencing September 30, 2010, during such periods and on the date such Base Rate Advance shall be Converted (in whole or in part), changed (in whole or in part) as a result of any division or combination of any Borrowing, or paid in full, ; provided that any amount of principal which is such Advance not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest on the principal amount thereof from the date on which such amount is due time to time outstanding, payable upon demand, until such amount is paid in full, payable on demand, full at a rate per annum equal at all such times to 2% above the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annumtime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eog Resources Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin in effect from time to time, payable in arrears on the last day of March, June, September, and December and on the date such Base Rate Advance shall be paid in full, ; provided that any amount of principal which is not paid when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to the Adjusted Base Rate in effect from time to time plus the Applicable Margin plus 2.00% per annum.

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

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