Common use of Base Rate Portion Clause in Contracts

Base Rate Portion. The Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time, provided that if the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Bank upon notice to the Company during the existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full thereof at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto from time to time. Interest on the Base Rate Portion shall be payable quarter-annually on the last day of each March, June, September and December, in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c)

Base Rate Portion. The Each Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin equal to the Base Rate as in effect from time to timetime plus the Applicable Base Rate Margin, provided that if the a Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Bank Lender upon notice to the Company after the occurrence and during the existence continuation of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full thereof of the amount then due at the rate per annum determined by adding 22.0% to the interest rate which would otherwise be applicable thereto from time to time. Interest on the each Base Rate Portion shall be payable quarter-annually quarterly in arrears on the last day of each March, June, September and December, December in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note applicable Note, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portion Portions resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c).

Base Rate Portion. The Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time, provided that if the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Bank upon notice to the Company during the existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full thereof at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto from time to time. Interest on the Base Rate Portion shall be payable quarter-annually on the last day of each March, June, September and December, in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c).

Base Rate Portion. The Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time, provided that if the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Bank upon notice to the Company during the existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full thereof at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto from time to time. Interest on the Base Rate Portion shall be payable quarter-annually quarter‑annually on the last day of each March, June, September and December, in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c).

Base Rate Portion. The Each Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time, provided that if the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration acceleration, or otherwise), or at the election of the Bank upon notice to the Company Borrower during the existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, judgment until the earlier of payment in full thereof or the date on which such Event of Default is cured, at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto from time to time. Interest on the each Base Rate Portion shall be payable quarter-annually monthly in arrears on the last first day of each March, June, September and December, month in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note Note, and interest after maturity (whether by lapse of time, acceleration acceleration, or otherwise) shall be due and payable upon demand. Any change in the interest rate on the any Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c).

Base Rate Portion. The Each Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time, provided that if the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration acceleration, or otherwise), or at the election of the Bank upon notice to the Company Borrower during the existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, judgment until payment in full thereof thereof, at the rate per annum determined by adding 2% to the interest rate which would otherwise be applicable thereto from time to time. Interest on the each Base Rate Portion shall be payable quarter-annually monthly in arrears on the last first day of each March, June, September and December, month in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note Note, and interest after maturity (whether by lapse of time, acceleration acceleration, or otherwise) shall be due and payable upon demand. Any change in the interest rate on the any Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c).

Base Rate Portion. The Each Base Rate Portion shall bear interest at the rate per annum determined by adding the Applicable Margin Rate to the Base Rate as in effect from time to time, provided that if the any Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration acceleration, or otherwise), or at the election of the Bank upon notice to the Company Borrower during the existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, judgment until payment in full thereof thereof, at the rate per annum determined by adding two percent (2% %) to the interest rate which would otherwise be applicable thereto from time to time. Interest on the each Base Rate Portion shall be payable quarter-annually monthly in arrears on the last day of each March, June, September and December, month in each year (commencing on the first such date occurring after the date hereof) and at maturity of the Note relevant Note, and interest after maturity (whether by lapse of time, acceleration acceleration, or otherwise) shall be due and payable upon demand. Any change in the interest rate on the any Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate. (c).