Common use of Base Rate Term Loans Clause in Contracts

Base Rate Term Loans. If such Term Loan is a Base Rate Term Loan, a rate per annum equal at all times to the Base Rate in effect from time to time plus the Applicable Margin, payable quarterly on the last day of each March, June, September and December, on the Maturity Date and on each date such Base Rate Term Loan shall be Converted or paid, repaid or prepaid in part or in full.

Appears in 2 contracts

Samples: Credit Agreement (Entergy Mississippi, LLC), Credit Agreement (Entergy Louisiana, LLC)

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Base Rate Term Loans. If During such Term periods as such Loan is a Base Rate Term Loan, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin, payable in arrears quarterly on the last day of each MarchJanuary, JuneApril, September July and December, October during such periods and on the Maturity Date and on each date such Base Rate Term Loan shall be Converted or paid, repaid or prepaid in part or paid in full.

Appears in 2 contracts

Samples: Intercreditor Agreement (Eastman Kodak Co), Intellectual Property Security Agreement (Eastman Kodak Co)

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