Interest on Base Rate Loans. Subject to the provisions of subsection (c) 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.
Appears in 2 contracts
Samples: Credit Agreement (Delta Air Lines Inc /De/), Credit Agreement (Delta Air Lines Inc /De/)
Interest on Base Rate Loans. Subject to the provisions of subsection (cd) 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.
Appears in 2 contracts
Samples: Credit Agreement (Delta Air Lines Inc /De/), Credit Agreement (Delta Air Lines Inc /De/)
Interest on Base Rate Loans. Subject to the provisions of subsection (c) immediately below, interest on each Base Rate Loan shall be payable quarterly monthly in arrears on the last day Business Day of each March, June, September and December of each year calendar month and at maturity (and after maturity (whether by acceleration or otherwise) upon demand) at an interest rate per annum equal to the Base RateRate plus the Applicable Margin.
Appears in 1 contract
