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: Revolving Credit and Letter of Credit Issuance Agreement (Rti International Metals Inc), Revolving Credit and Letter of Credit Issuance Agreement (Rmi Titanium Co), Revolving Credit and Letter of Credit Issuance Agreement (Rti International Metals 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 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
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: Revolving Credit and Letter of Credit Issuance Agreement (Carbide Graphite Group Inc /De/)
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
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: Revolving Credit and Letter of Credit Issuance Agreement (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 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)
