Common use of Base Rate Option Clause in Contracts

Base Rate Option. A rate of interest per annum which is at all times equal to the Base Rate. If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) the Applicable Margin for the Base Rate Option. If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) the Applicable Margin. If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance amounts to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances amounts bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) fifty (50) basis points (0.50%). If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) 0.00%. If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) the Applicable Margin per annum, then in effect. If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the BorrowerBorrowers, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) the Applicable Margin for Base Rate Loans (as defined in the Loan Agreement). If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to (A) the Base RateRate plus (B) the Applicable Margin. If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.

Base Rate Option. A rate of interest per annum which is at all times equal to the Base RateRate plus the Base Rate Applicable Margin (as set forth in Section 1.4(a) of the Loan Agreement, as hereinafter defined). If and when the Base Rate (or any component thereof) changes, the rate of interest with respect to any advance to which the Base Rate Option applies will change automatically without notice to the Borrower, effective on the date of any such change. There are no required minimum interest periods for advances bearing interest under the Base Rate Option.