Common use of Base Rate Loan Clause in Contracts

Base Rate Loan. Core Molding shall pay interest on the unpaid principal amount of a Capex Draw Loan that is a Base Rate Loan outstanding from time to time, from the date thereof until paid at the Derived Base Rate from time to time in effect. Interest on such Base Rate Loan shall be payable, commencing January 1, 2009, and continuing on each Regularly Scheduled Payment Date thereafter and at the maturity thereof.

Base Rate Loan. With respect to any portion of the Capex Term Loan that is a Base Rate Loan, Core Molding shall pay interest on the unpaid principal amount of a Capex Draw Loan that is a Base Rate Loan thereof outstanding from time to time, from the date thereof until paid at the Derived Base Rate from time to time in effect. Interest on such Base Rate Loan shall be payablepaid, commencing January 1, 2009on the first Regularly Scheduled Payment Date following the Capex Conversion Date, and continuing on each Regularly Scheduled Payment Date thereafter and at the maturity thereof, at the Derived Base Rate from time to time in effect.