Common use of Interest Rates and Payments of Interest Clause in Contracts

Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus the Applicable Margin, which rates shall change contemporaneously with any change in the Base Rate. Such interest shall be payable monthly in arrears on the first Business Day of each month.

Appears in 2 contracts

Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)

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Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus the Applicable MarginRate, which rates rate shall change contemporaneously with any change in the Base Rate, as provided below. Such interest shall be payable monthly in arrears on the first Business Day of each month.

Appears in 2 contracts

Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)

Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus the Applicable Base Rate Margin, which rates rate shall change contemporaneously with any change in the Base Rate. Such interest shall be payable monthly in arrears on the first last Business Day of each monthany fiscal quarter in which a Base Rate Loan is outstanding hereunder, and when such Loan is due (whether at maturity, by reason of acceleration or otherwise).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Gamestop Corp), Revolving Credit Agreement (Gamestop Corp)

Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus the Applicable MarginRate, which rates rate shall change contemporaneously with any change in the Base Rate. Such interest shall be payable monthly in arrears on the first Business Day last day of each monthmonth in which a Base Rate Loan is outstanding hereunder, and when such Base Rate Loan is due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Agreement (Ust Inc)

Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin, which rates rate shall change contemporaneously with any change in the Alternate Base RateRate or the Applicable Margin, as provided below. Such interest shall be payable monthly quarterly in arrears on the first Business Day of each monthquarter.

Appears in 1 contract

Samples: Credit Agreement (Mexican Restaurants Inc)

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Interest Rates and Payments of Interest. (a) Base Rate Loans. Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin, which rates rate shall change contemporaneously with any change in the Alternate Base RateRate or the Applicable Margin, as provided below. Such interest shall be payable monthly in arrears on the first Business Day of each month, commencing February 1, 1999.

Appears in 1 contract

Samples: Credit Agreement (Goldendale Aluminum Co)

Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate plus the Applicable Margin, which rates rate shall change contemporaneously with any change in the Base RateRate or in the Applicable Margin. Such interest shall be payable monthly in arrears on the first Business Day of each month.

Appears in 1 contract

Samples: Bridge Loan Agreement (MF Merger Sub Corp.)

Interest Rates and Payments of Interest. (a) Each Revolving Credit Loan which is a Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin0.25%, which rates rate shall change contemporaneously with any change in the Alternate Base Rate. Such interest shall be payable monthly in arrears on the first Business Day of each monthcalendar month following the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Star Buffet Inc)

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