Common use of Base Rate Option Clause in Contracts

Base Rate Option. A rate of interest per annum (computed upon 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 sum of (A) the Base Rate plus (B) the Applicable Base Rate Margin from time to time in effect (the "Adjusted Base Rate"). The rate of interest per annum under the Base Rate Option shall be adjusted automatically, from time to time, upon each change in the Adjusted Base Rate.

Base Rate Option. A rate of interest per annum (computed upon 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 sum of (A) the Base Rate plus (B) the Applicable Base Rate Margin from time to time in effect (the "Adjusted Base Rate"). The rate of interest per annum under the Base Rate Option shall be adjusted automatically, from time to time, upon each change in the Adjusted Base Rate.

Base Rate Option. A rate of interest per annum (computed upon 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 sum of (A) the Base Rate plus (B) the Applicable Base Margin. If and when the Prime Rate Margin from time to time in effect (or the "Adjusted Base Rate"). The Federal Funds Effective Rate changes, the rate of interest per annum under with respect to any Advance to which the Base Rate Option shall be adjusted automaticallyapplies will change automatically without notice to the Borrower, from time to time, upon each change in effective on the Adjusted Base Ratedate of any such change.

Base Rate Option. A per annum rate of interest per annum (computed upon on the basis of a year of 365 or 366 days, as the case may be, 360 days and the actual number of days elapsed) equal to the sum of (A) Prime Rate. If and when the Base Prime Rate plus (B) changes, the Applicable Base Rate Margin from time to time in effect (the "Adjusted Base Rate"). The rate of interest per annum on principal bearing interest under the Base Rate Option shall be adjusted automaticallywill change automatically without notice to Borrower, from time to time, upon each change in effective on the Adjusted Base Ratedate of any such change.

Base Rate Option. A rate of interest per annum (computed upon 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 sum of (A) the Base Rate plus (B) the Applicable Base Rate Margin from time to time in effect ("the "Adjusted Base Rate"). The rate of interest per annum under the Adjusted Base Rate Option for each Base Rate Portion then outstanding shall be adjusted automatically, from time to time, effective upon each change in the Adjusted Base RateRate Margin resulting from any increase or decrease in the Leverage Ratio."