Interest on Base Rate Advances. Interest on each Base Rate Advance shall accrue at a rate per annum equal to the Base Rate in effect from time to time during the period of time that the Base Rate Advance is outstanding plus the Applicable Margin. Such interest shall be payable to the Administrative Agent at its Toronto Office in United States Dollars monthly in arrears on each Interest Payment Date in each year for the period from and including the Drawdown Date for such Advance (or, if applicable, the date on which such Advance was converted into a Base Rate Advance) or the preceding Interest Payment Date for such Base Rate Advance, as the case may be, to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Base Rate Advance from time to time outstanding during such period and on the basis of the actual number of days elapsed in a year of 360 days. Changes in the Base Rate shall cause an automatic and immediate adjustment of the interest rate payable on Base Rate Advances without the necessity of any notice to the Borrowers.
Interest on Base Rate Advances. Except as provided in Section 2.6(c) hereof, the Borrowers shall pay interest on the unpaid principal amount of each Base Rate Advance and, to the extent due and payable, Additional Indebtedness incurred by it, in each case, which is outstanding from time to time at an interest rate per annum equal to the Base Rate in effect from time to time. Interest on Base Rate Advances shall be payable monthly in arrears on the last day of each month, upon conversion thereof to a Eurodollar Advance and at maturity (whether by acceleration or otherwise) and thereafter on demand. Interest on Additional Indebtedness shall be payable upon demand.
Interest on Base Rate Advances. Except to the extent that the Borrower shall elect to pay interest on all or any part of any Advance made or to be made to the Borrower under Section 2.01 for any Interest Period pursuant to subsections (b) and (c) of this Section 2.06, the Borrower shall pay interest on the unpaid principal amount of each Advance, from the date of such Advance until such principal amount is paid in full, payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing June 30, 1998 and on the Revolving Commitment Termination Date, at a fluctuating interest rate per annum equal, subject to Section 2.06(d), to the sum of the Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances in effect from time to time.
Interest on Base Rate Advances. The US Borrower and the CAN Borrower each shall, as applicable, pay interest on all Base Rate Advances at the aggregate of the Base Rate (for US Revolving Loans) or the Reference Rate (for CAN Revolving Loans), as applicable, in effect from time to time, plus the Applicable Margin for Base Rate Advances. Interest on Base Rate Advances shall be payable quarterly in arrears on the last day of each January, April, July and October of each calendar year commencing April 30, 1997, upon conversion thereof to a Eurodollar Advance or a Bankers' Acceptance Advance and at maturity (whether by acceleration or otherwise) and thereafter on demand.
Interest on Base Rate Advances. Except to the extent that the ------------------------------ Borrower shall elect to pay interest on all or any part of any Advance made or to be made to the Borrower under Section 2.01 for any Interest Period pursuant to subsections (b) and (c) of this Section 2.06, the Borrower shall pay interest on the unpaid principal amount of each Advance, from the date of such Advance until such principal amount is paid in full, payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing June 30, 1997 and on the Termination Date, at an interest rate per annum equal, subject to Section 2.06(d), to the sum of the Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances in effect from time to ---- time.
Interest on Base Rate Advances. (i) Unpaid accrued interest on the Base Rate Advances outstanding under the Existing Agreement as of the Closing Date of this Agreement, based on the Floating Rate as in effect under the Existing Agreement shall be paid on December 31, 1998. (ii) Except as provided in Section 5.1(c) hereof, Borrower shall pay interest on the unpaid principal amount of the Base Rate Advances made to it hereunder, and, to the extent due and payable, Additional Indebtedness incurred by it, in each case, which is outstanding from time to time at an interest rate per annum equal to the Floating Rate in effect from time to time. Interest on Base Rate Advances shall be paid quarterly in arrears on the last day of each March, June, September and December of each calendar year commencing with December 31, 1998, upon conversion thereof to a Eurodollar Advance and at maturity (whether by acceleration or otherwise) and thereafter on demand. Interest on Additional Indebtedness shall be paid upon demand.
Interest on Base Rate Advances. Subject to the provisions of subsection (c) immediately below, interest on each Base Rate Advance shall be payable monthly in arrears on the last day of each calendar month of each year and at maturity at an interest rate per annum equal to the Base Rate.
Interest on Base Rate Advances. (v) The Borrower shall pay interest on the outstanding unpaid principal amount of each Base Rate Advance, from the date such Advance is made until it is due (whether at maturity, by reason of
Interest on Base Rate Advances. The Borrowers shall pay interest ------------------------------ on all Base Rate Advances at the aggregate of the Base Rate, the UK Dollar Base Rate, or the Sterling Base Rate, as applicable, in effect from time to time, plus the Applicable Margin for Base Rate Advances. Interest on Base Rate Advances shall be payable quarterly in arrears on the first day of each February, May, August and November of each calendar year commencing February 1, 2002, upon conversion thereof to a LIBOR Advance and at maturity (whether by acceleration or otherwise) and thereafter on demand.
Interest on Base Rate Advances. Except to the extent that the Borrower shall elect to pay interest on all or any part of any Advance made or to be made to the Borrower under Section 2.1(a) for any Interest Period pursuant to subsections (b), (c) and (d) of this Section 2.6, the Borrower shall pay interest on the unpaid principal amount of each Advance, from the date of such Advance until such principal amount is paid in full, payable quarterly in arrears on the first day of each January, April, July and October, commencing January 1, 1997 and on the Commitment Termination Date, in each case at a fluctuating interest rate per annum equal, subject to Section 2.6(e), to the Base Rate in effect from time to time.
