Common use of Base Rate Portion Clause in Contracts

Base Rate Portion. Each Base Rate Portion shall bear interest (which the Company promises to pay at the times herein provided) at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time. Interest on the Base Rate Portions shall be payable quarterly in arrears on the first day of each March, June, September and December in each year and at maturity of the applicable Notes, and interest after maturity shall be due and payable upon demand.

Appears in 3 contracts

Samples: Credit Agreement (Morrison Knudsen Corp//), Credit Agreement (Morrison Knudsen Corp//), Credit Agreement (Morrison Knudsen Corp//)

AutoNDA by SimpleDocs

Base Rate Portion. Each Base Rate Portion shall bear interest (which the Company promises Borrowers jointly and severally promise to pay at the times herein provided) ), at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time. Interest on the Base Rate Portions shall be payable quarterly in arrears on the first last day of each March, June, September and December month in each year and at maturity of the applicable Notes, Notes and interest after maturity shall be due and payable upon demand.

Appears in 1 contract

Samples: Credit Agreement (Seminis Inc)

AutoNDA by SimpleDocs

Base Rate Portion. Each Base Rate Portion shall bear interest (which the Company promises to pay at the times herein provided) at the rate per annum determined by adding the Applicable Margin to the Base Rate as in effect from time to time. Interest on the Base Rate Portions shall be payable quarterly monthly in arrears on the first last day of each March, June, September and December in each year month and at maturity of the applicable Notes, and interest after maturity shall be due and payable upon demand.

Appears in 1 contract

Samples: Credit Agreement (Curtice Burns Foods Inc)

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