Common use of Base Rate Option Clause in Contracts

Base Rate Option. Interest under this Interest Rate Option shall accrue, for the Base Rate Portion of the Revolving Credit Loans outstanding, at a rate per annum equal to the Base Rate. The Base Rate shall be adjusted automatically from time to time upon each change in the Prime Rate or the Federal Funds Effective Rate, as the case may be, and in accordance with the provisions of Section 2.08(c).

Appears in 3 contracts

Samples: Rti International Metals Inc, Rti International Metals Inc, Rmi Titanium Co

AutoNDA by SimpleDocs

Base Rate Option. Interest under this Interest Rate Option shall accrue, for the Base Rate Portion of the Revolving Credit Loans outstanding, at a rate per annum equal to the sum of (A) the Base RateRate plus (B) the Applicable Base Rate Margin. The Base Rate shall be adjusted automatically from time to time upon each change in the Prime Rate or the Federal Funds Effective Rate, as the case may be, and in accordance with the provisions of Section Sections 2.08(b)(iii) and 2.08(c).

Appears in 1 contract

Samples: Pitt Des Moines Inc

Base Rate Option. Interest under this Interest Rate ---------------- Option shall accrue, for the Base Rate Portion of the Revolving Credit Loans outstanding, at a rate per annum equal to the sum of (A) the Base RateRate plus one-half percent (0.5%). The Base Rate shall be adjusted automatically from time to time upon each change in the Prime Rate or the Federal Funds Effective Rate, as the case may be, and in accordance with the provisions of Section 2.08(c2.08(d).

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

Base Rate Option. Interest under this Interest Rate Option ---------------- shall accrue, for the Base Rate Portion of the Revolving Credit Loans outstanding, at a rate per annum equal to the Base Rate. The Base Rate shall be adjusted automatically from time to time upon each change in the Prime Rate or the Federal Funds Effective Rate, as the case may be, and in accordance with the provisions of Section 2.08(c2.08(d).

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

AutoNDA by SimpleDocs

Base Rate Option. Interest under this Interest ---------------- Rate Option shall accrue, for the Base Rate Portion of the Revolving Credit Loans outstanding, at a rate per annum equal to the sum of (A) the Base RateRate and (B) the Applicable Base Rate Margin as determined below. The Base Rate interest rate established pursuant to the preceding sentence of this Section 2.03(b)(i) also shall be adjusted automatically from time to time upon each change in the Prime Rate or the Federal Funds Effective Rate, as the case may be, and in accordance with the provisions of Section 2.08(c2.03(c).

Appears in 1 contract

Samples: Credit Agreement (Spectrum Control Inc)

Base Rate Option. Interest under this Interest Rate Option ---------------- shall accrue, for the Base Rate Portion of the Revolving Credit Loans outstanding, at a rate per annum equal to the Base Rate. The Base Rate shall be adjusted automatically from time to time upon each change in the Prime Rate or the Federal Funds Effective Rate, as the case may be, and in accordance with the provisions of Section 2.08(c).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Carbide Graphite Group Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!