Common use of Interest Rates; Payments Clause in Contracts

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 8 contracts

Samples: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

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Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that providedthat in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the principal of the Base Rate Loan shall be payable as it accrues pursuant to Section 2.5 and on each Quarterly Date, and on the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc), Credit Agreement (Venus Exploration Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes Note exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Monthly Date, and on the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Credo Petroleum Corp), Credit Agreement (Earthstone Energy Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the principal of the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Denbury Management Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day which is the subject of an Adjusted Base Rate Tranche shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Adjusted Base Rate in effect from day to day; provided that providedthat, in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on any portion of the principal of the Loan subject to an Adjusted Base Rate Loan Tranche shall be payable as it accrues on each Quarterly Date, Date and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Patina Oil & Gas Corp)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day which is the subject of a Base Rate Tranche shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Adjusted Base Rate in effect from day to dayRate; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on any portion of the principal of the Loan subject to a Base Rate Loan Tranche shall be payable as it accrues on the last day of each Quarterly Date, and on the Termination DateFiscal Quarter.

Appears in 1 contract

Samples: Credit Agreement (Castle Energy Corp)

Interest Rates; Payments. (a) The principal amount of the each Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin Margin, plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the principal of each Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Encore Acquisition Co)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on the last day of each Quarterly Datecalendar month, commencing January 31, 2004, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Quest Resource Corp)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day which is the subject of an Adjusted Base Rate Tranche shall bear interest at a rate per annum equal to the lesser of (x) the sum of (i) the Applicable Margin plus (ii) the applicable Adjusted Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed day and (y) the Maximum Lawful Rate. Interest on any portion of the principal of the Loan subject to an Adjusted Base Rate Loan Tranche shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Mariner Energy Inc)

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Interest Rates; Payments. (a) The principal ------------------------ amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided provided, -------- that in no event shall the rate charged hereunder or under the Notes exceed the ---- Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Interest Rates; Payments. (a) The principal amount of the ------------------------ Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no -------- ---- event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided -------- that in no event shall the rate charged hereunder or under the Notes exceed the ---- Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that PROVIDED THAT in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Interest Rates; Payments. (a) The principal amount of the Base Rate Loan outstanding from day to day shall bear interest at a rate per annum equal to the sum of (i) the Applicable Margin plus (ii) the applicable Base Rate in effect from day to day; provided that in no event shall the rate charged hereunder or under the Notes exceed the Maximum Lawful Rate. Interest on the Base Rate Loan shall be payable as it accrues on each Quarterly Date, Date and on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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