Common use of Base Rate Option Clause in Contracts

Base Rate Option. In the case of Base Rate Loans denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable Rate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.

Appears in 4 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.)

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Base Rate Option. In the case of Base Rate Loans Investments denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable Rate, such interest discount rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.; or

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc)

Base Rate Option. In the case of Base Rate Loans denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable Rate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.; or

Appears in 4 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.)

Base Rate Option. In the case of Base Rate Loans denominated in DollarsLoans, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable Rate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.

Appears in 3 contracts

Samples: Receivables Financing Agreement (Worthington Industries Inc), Receivables Financing Agreement (NuStar Energy L.P.), Receivables Financing Agreement (Worthington Industries Inc)

Base Rate Option. In the case of Base Rate Loans denominated in DollarsLoans, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable Rate, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.; or

Appears in 3 contracts

Samples: Receivables Financing Agreement (BrightView Holdings, Inc.), Receivables Financing Agreement (BrightView Holdings, Inc.), Receivables Financing Agreement (BrightView Holdings, Inc.)

Base Rate Option. In the case of Base Rate Loans denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable RateMargin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.; or

Appears in 3 contracts

Samples: Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.), Credit Agreement (ICF International, Inc.)

Base Rate Option. In the case of Base Rate Loans denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of [365 or 366 days], as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable RateMargin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.

Appears in 2 contracts

Samples: Credit Agreement (Steel Partners Holdings L.P.), Credit Agreement (Steel Partners Holdings L.P.)

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Base Rate Option. In the case of Base Rate Loans denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Alternate Base Rate plus the Applicable RateMargin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.

Appears in 2 contracts

Samples: Credit Agreement (Steel Partners Holdings L.P.), Credit Agreement (Steel Partners Holdings L.P.)

Base Rate Option. In the case of Base Rate A fluctuating rate per annum applicable to Revolving Credit Loans denominated in Dollars, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) , equal to the Alternate sum of (a) Base Rate plus (b) the Applicable RateMargin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.;

Appears in 1 contract

Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)

Base Rate Option. In the case of Base Rate Loans denominated in DollarsLoans, a fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) equal to the Alternate Base Rate plus the Applicable RateMargin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Alternate Base Rate.; or

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

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