Common use of Interest on the Advances Clause in Contracts

Interest on the Advances. The Borrower shall pay interest on the unpaid principal amount of the Advances, if any, from the date of the Advances until such principal amount shall be paid in full, payable semiannually, at an interest rate per annum equal to the Base Rate plus 0.50%; provided, however, that as of the date occurring 45 Business Days after the Change of Control Date, the interest rate per annum shall be the Base Rate in effect for such Advances plus the Applicable Margin.

Appears in 3 contracts

Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)

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Interest on the Advances. The Borrower shall pay interest on the unpaid principal amount of the Advances, if any, from the date of the Advances until such principal amount shall be paid in fullfull at an interest rate equal to (i) until and including September 30, 1998, 7.220% and (ii) as of October 1, 1998, the Interest Rate, which interest shall be payable semiannuallysemiannually on each April 1 and October 1, at an interest rate per annum equal to the Base Rate plus 0.50%; provided, however, that as of the date occurring 45 Business Days after the Change of Control Date, the interest rate per annum shall be the Base Rate in effect for such Advances plus the Applicable MarginInterest Rate.

Appears in 1 contract

Samples: Loan Agreement (Memc Electronic Materials Inc)

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Interest on the Advances. The Borrower shall pay interest on the unpaid principal amount of the Advances, if any, from the date of the Advances until such principal amount shall be paid in full, payable semiannually, at an interest rate per annum equal to the Base Rate plus 0.507.12%; provided, however, that as of the date occurring 45 Business Days after the Change of Control Date, the interest rate per annum shall be the Base Rate in effect for such Advances plus the Applicable Margin.

Appears in 1 contract

Samples: Credit Agreement (Memc Electronic Materials Inc)

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