Common use of Base Rate Loans Clause in Contracts

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 10 contracts

Sources: Credit Agreement (Lecg Corp), Credit Agreement (Penford Corp), Second Lien Credit Agreement (Excelligence Learning Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender Bank shall bear interest during each Interest Period it is outstanding (computed at all times on the basis of a year of 365 or 366 days, as the case may beapplicable, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise)) and no less frequently than quarterly.

Appears in 7 contracts

Sources: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or advanced, continued, or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 4 contracts

Sources: Credit Agreement (Lamson & Sessions Co), Credit Agreement (Lamson & Sessions Co), Credit Agreement (Lamson & Sessions Co)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Eurocurrency Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 3 contracts

Sources: Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement (Gallagher Arthur J & Co), Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, or created by conversion from a Eurodollar Term SOFR Loan or a Daily Simple SOFR Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable by the Borrower on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 3 contracts

Sources: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, or created by conversion from a Eurodollar Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans plus the Base Rate from time to time in effect, payable by the Borrower on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 3 contracts

Sources: Credit Agreement (Smart Balance, Inc.), Credit Agreement (Fifth Street Finance Corp), Credit Agreement (Smart Balance, Inc.)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last tenth day of its each calendar month in arrears for the prior Interest Period Period, and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Sources: Credit Agreement (Kimball Hill, Inc.), Credit Agreement (National Credit & Guaranty CORP)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Eurocurrency Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise). Base Rate Loans must be denominated in U.S. Dollars.

Appears in 2 contracts

Sources: Credit Agreement (Penford Corp), Credit Agreement (Penford Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Eurocurrency Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable by the Borrowers on the last day of its each Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Sources: Credit Agreement (Rc2 Corp), Credit Agreement (Rc2 Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest for each day during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Revolving Loan is advanced or continuedadvanced, or created by conversion from a Eurodollar Daily SOFR Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effecteffect applicable for such day during such Interest Period, payable by the Borrower on the last day of its Interest Period each Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Sources: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable quarterly in arrears on the last day of its Interest Period second Business Day immediately following each Quarterly Date and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Sources: Credit Agreement (Penford Corp), Delayed Draw Term Loan Credit Agreement (Penford Corp)

Base Rate Loans. Each Subject to the provisions of Section 1.9, each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) such Loan is repaid at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its such Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 2 contracts

Sources: Credit Agreement (CTS Corp), Credit Agreement (CTS Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender Bank shall bear interest during each Interest Period it is outstanding (computed at all times on the basis of a year of 365 or 366 days, as the case may beapplicable, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Term SOFR Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise)) and no less frequently than quarterly.

Appears in 2 contracts

Sources: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest for each day during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Revolving Loan is advanced or continuedadvanced, or created by conversion from a Eurodollar EurodollarDaily SOFR Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effecteffect applicable for such day during such Interest Period, payable by the Borrower on the last day of its Interest Period each Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Loan and Security Agreement (Credit Acceptance Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest for each day during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Revolving Loan is advanced or continuedadvanced, or created by conversion from a Eurodollar EurodollarBenchmark Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effecteffect applicable for such day such Interest Period, payable by the Borrower on the last day of its Interest Period each Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Loan and Security Agreement (Credit Acceptance Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender Bank shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may beapplicable, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of each calendar month, on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Credit Agreement (Federal Signal Corp /De/)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Eurocurrency Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Credit Agreement (Amcol International Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a U.S. Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Credit Agreement (Penford Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days366, as the case may beapplicable, days and the actual days elapsed) on the unpaid principal amount thereof from the date such Base Rate Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the first Business Day following the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Credit Agreement (Cobra Electronics Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Loan, made until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum greater of the Applicable Margin plus (x) the Base Rate from time to time in effecteffect plus 1.0% and (y) 4.0%, payable quarterly in arrears on the last day of its Interest Period each March, June, September and December in each year (commencing on the first such date occurring after the date hereof) and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Revolving Credit Agreement (World Acceptance Corp)

Base Rate Loans. Each U.S. Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a Eurodollar Eurocurrency Loan, until both before and after maturity (whether by acceleration or otherwise) ), default, and judgment, until paid in full at a rate per annum equal to the sum of the Applicable Margin plus the U.S. Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Credit Agreement (Lojack Corp)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last first day of its Interest Period each month for the immediately preceding month and at maturity (whether by acceleration or otherwise).”

Appears in 1 contract

Sources: Credit Agreement (Rent Way Inc)

Base Rate Loans. Each Base Rate Loan made or maintained by a the Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, continued or created by conversion from a Eurodollar Loan, Loan until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable on the last day of its Interest Period and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Revolving Credit Agreement (K12 Inc)

Base Rate Loans. Each Base Rate Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continuedadvanced, or created by conversion from a Eurodollar Eurocurrency Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans plus the Base Rate from time to time in effect, payable by the Borrowers on the last day of its each Interest Period Payment Date and at maturity (whether by acceleration or otherwise).

Appears in 1 contract

Sources: Credit Agreement (Smart Balance, Inc.)