Interest on Base Rate Loans. During such periods as a Loan is a Base Rate Loan, it shall bear interest at a fluctuating rate per annum that shall at all times be equal to the Base Rate in effect from time to time plus the Applicable Margin in effect from time to time for such Loan.
Interest on Base Rate Loans. Except as otherwise provided in §4.10, each Revolving Credit Loan that is a Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the last day of the Interest Period with respect thereto (unless earlier paid in accordance with §2.8) at a rate equal to the Base Rate plus the Applicable Margin for Revolving Credit Loans which are Base Rate Loans.
Interest on Base Rate Loans. Subject to the provisions of Section 4.6, each Base Rate Loan shall bear interest on its unpaid principal amount at a rate per annum equal to the Base Rate plus the Applicable Margin, as the same may be adjusted pursuant to the provisions of the definition of Applicable Margin. Such interest shall be payable quarterly as of the end of each Fiscal Quarter, at the date of conversion of such Base Rate Loan (or a portion thereof) to a Eurocurrency Loan and at maturity of such Base Rate Loan, and after maturity of such Base Rate Loan (whether by acceleration or otherwise), upon demand. In the event of any change in said Base Rate, the rate hereunder shall change, effective as of the day the Base Rate changes. Each determination by the Administrative Agent of any interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Base Rate Loans. Subject to the provisions of subsection (d) immediately below, interest on each Base Rate Loan shall be payable quarterly in arrears on the last day of each March, June, September and December of each year and at maturity (and after maturity (whether by acceleration or otherwise) upon demand) at an interest rate per annum equal to the Base Rate.
Interest on Base Rate Loans. Subject to the provisions of Section 4.4 hereof, interest on Base Rate Loans shall be payable quarterly in arrears (i) on the last Business Day of each calendar quarter, (ii) upon any prepayment, except pursuant to Section 2.6(d), (on the amount prepaid) and (iii) at maturity, in each case at an interest rate per annum equal to the Base Rate plus the relevant Applicable Margin. Each determination by the Payments Administrator of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Base Rate Loans. Subject to the provisions of Section 3.6., interest on each Base Rate Loan shall accrue at an interest rate per annum equal to the Base Rate then in effect plus the Applicable Margin. All such accrued interest shall be payable (i) monthly on the last day of each month, (ii) upon any prepayment of such Base Rate Loan (but only on the principal amount so prepaid) and (iii) at maturity of such Base Rate Loan (and after maturity (whether by acceleration or otherwise) upon demand).
Interest on Base Rate Loans. Borrower shall pay to Agent for the account of the Lenders, quarterly in arrears, on the last Business Day of each calendar quarter, interest on Base Rate Loans outstanding during such calendar quarter at an interest rate per annum equal to the Base Rate plus the Applicable Margin. The rate hereunder shall change each day the Base Rate changes. After maturity of such Base Rate Loans (whether by acceleration or otherwise), interest shall be payable upon demand. Each determination by Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Base Rate Loans. The U.S. Borrower and the Canadian Borrower each shall, as applicable, pay interest on all Base Rate Loans at the aggregate of the Base Rate or the Reference Rate, as applicable, in effect from time to time, plus the Applicable Base Rate Margin. Except as provided in Section 2B.2(e) hereof, the Borrower shall pay interest on the unpaid principal amount of Base Rate Loans made to it hereunder outstanding from time to time (i) monthly in arrears on the first day of each calendar month commencing with December 1, 1996, (ii) at the Maturity Date, and (iii) after the Maturity Date of such Base Rate Loan (whether by acceleration or otherwise) upon demand.
Interest on Base Rate Loans. Subject to the provisions of Section 4.4 hereof, interest on Base Rate Loans shall be payable monthly as of the end of each month, and at maturity at an interest rate per annum equal to the Base Rate plus the relevant Applicable Margin. Each determination by the Payments Administrator of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Interest on Base Rate Loans. Subject to the provisions of Section 4.3 hereof, interest on Base Rate Loans shall be payable monthly on the last day of each month at an interest rate per annum equal to the Base Rate plus the Base Rate Spread. The "Base Rate Spread" shall be equal to the percentage per annum set forth below opposite the Interest Coverage Ratio maintained by the Consolidated Entity for the Consolidated Entity's most recently ended four full fiscal quarters for which Financial Statements of the Consolidated Entity have been delivered to the Agent pursuant to Section 7.1(a) or 7.1(c), as applicable: Ratio Base Rate Spread ------------- ---------------- 2.25 to 1.00 0% ------------- ---------------- 1.75 to 1.00 and 0.25% 2.25 to 1.00 ------------- ---------------- 1.50 to 1.00 0.50% and 1.75 to 1.00 ------------- ---------------- 1.50 to 1.00 0.75% ------------- ---------------- In the event of any change in the Base Rate, the rate hereunder shall change, effective as of the day the Base Rate changes. In the event of any change in the Interest Coverage Ratio of the Consolidated Entity for the most recently ended four full fiscal quarters of the Consolidated Entity, the Base Rate Spread shall change effective as of the first day of the first calendar month beginning after the date on which the most recent Financial Statements of the Consolidated Entity were delivered to the Agent pursuant to Section 7.1(a) or 7.1(c), as applicable, or if such Financial Statements were not delivered on a timely basis, on the day following the ultimate delivery thereof. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. Notwithstanding the foregoing (but subject to Section 4.3) the Base Rate Spread shall be one-half of one percent (0.50%) until the delivery of the Financial Statements for the fiscal quarter ending June 26, 1999.
