Common use of Base Rate Borrowings Clause in Contracts

Base Rate Borrowings. The Loans comprising each Base Rate Borrowing shall bear interest at a rate per annum equal to the Adjusted Base Rate plus the Applicable Rate.

Appears in 9 contracts

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

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Base Rate Borrowings. The Loans comprising each Base Rate Borrowing shall bear interest at a rate per annum equal to (i) in the case of a Revolving Loan, the Adjusted Base Rate plus the Applicable Rate plus for any Commitment Utilization Day, the Applicable Additional Margin; or (ii) in the case of a Term Loan, the Adjusted Base Rate plus the Applicable Rate.

Appears in 2 contracts

Samples: Credit Agreement (Sprint Nextel Corp), Credit Agreement (Sprint Nextel Corp)

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Base Rate Borrowings. The Loans comprising each Each Base Rate Borrowing Loan shall bear interest at a rate per annum equal to the Adjusted Base Rate plus the Applicable Rate3.5%.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Chadmoore Wireless Group Inc)

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