Common use of Interest Rates Clause in Contracts

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 40 contracts

Samples: Credit Agreement, Credit Agreement (Target Corp), Assignment and Assumption Agreement (Target Corp)

AutoNDA by SimpleDocs

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 20 contracts

Samples: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc), Year Term Loan Agreement (United States Steel Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period Quarterly Payment Date, at maturity and on the last day thereofdate of termination of the Commitments in their entirety. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 17 contracts

Samples: Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Energy CORP), Credit Agreement (Duke Energy Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Euro-Dollar Loan pursuant to Section 2.7, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Applicable Margin for Base Rate Loans for such day.

Appears in 11 contracts

Samples: Revolving Credit Agreement (Eop Operating LTD Partnership), Revolving Credit Agreement (Eop Operating LTD Partnership), Credit Agreement (Equity Office Properties Trust)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate Margin applicable to such Loan plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such dayQuarterly Payment Date.

Appears in 10 contracts

Samples: Credit and Reimbursement Agreement (Aes Corp), Credit and Reimbursement Agreement (Aes Corp), Assignment and Assumption (Aes Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 9 contracts

Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Meadwestvaco Corp), Credit Agreement (Gillette Co)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Euro-Dollar Loan pursuant to Section 2.7, at a rate per annum equal to sum of the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Applicable Margin for Base Rate Loans for such day.

Appears in 8 contracts

Samples: Revolving Credit Agreement (Amb Property Lp), Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date and at maturity. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 7 contracts

Samples: Term Loan Credit Agreement (Duke Energy Florida, Llc.), Term Loan Credit Agreement (Duke Energy Florida, Llc.), Term Loan Credit Agreement (Duke Energy CORP)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for in arrears on each Interest Period on the last day thereofPayment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 6 contracts

Samples: Credit Agreement (Target Corp), Credit Agreement (Target Corp), Credit Agreement (Target Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 6 contracts

Samples: Assignment and Assumption Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Rate for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Applicable Rate for such day plus the Base Rate Loans for such day.

Appears in 5 contracts

Samples: Credit Agreement (United States Steel Corp), Credit Agreement (United States Steel Corp), Credit Agreement (United States Steel Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans plus the Base Rate for such day. Such interest shall be payable in arrears for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 5 contracts

Samples: Term Loan Agreement (Kilroy Realty, L.P.), Credit Agreement (Kilroy Realty, L.P.), Revolving Credit Agreement (Kilroy Realty, L.P.)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of twenty-five (25) basis points plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Kilroy Realty Corp), Revolving Credit Agreement (Kilroy Realty Corp), Revolving Credit Agreement (Kilroy Realty Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date and at maturity. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 5 contracts

Samples: Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Euro-Dollar Loan pursuant to Section 2.6 or at the Maturity Date, at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal first Business Day of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such daymonth.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Equity Residential), Credit Agreement (Equity Residential), Revolving Credit Agreement (Erp Operating LTD Partnership)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin and the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% the Applicable Margin plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Alternate Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% per annum plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 4 contracts

Samples: Credit Agreement (Dover Corp), Credit Agreement (Dover Corp), Credit Agreement (Dover Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Cabot Industrial Trust), Credit Agreement (Cabot Industrial Properties Lp), Assignment and Assumption Agreement (Cabot Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans for such day plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.such

Appears in 4 contracts

Samples: Credit Agreement (Aes Corporation), Day Credit Agreement (New Rockwell Collins Inc), Credit Agreement (Duke Capital Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans for the applicable Class of Loans plus the Base Rate for such day. Such interest shall be payable for in arrears on each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans Payment Date for such dayLoan.

Appears in 4 contracts

Samples: Credit Agreement (Kilroy Realty, L.P.), Term Loan Agreement (Kilroy Realty, L.P.), Term Loan Agreement (Kilroy Realty, L.P.)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interestinterest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the sum of 22 % plus the rate otherwise applicable to Base Rate Loans Margin plus the Base Rate for such day.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes duedue or is converted to a Loan of another Type, at a rate per annum equal to the Base Rate for such dayday plus the Applicable Margin. Such interest shall be payable for each Interest Period monthly in arrears on the last day thereof. Any overdue first Domestic Business Day of each month and, with respect to the principal amount of or interest on any Base Rate Loan shall bear interestconverted to a LIBOR Loan, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to date such Base Rate Loans for such dayLoan is so converted.

Appears in 3 contracts

Samples: Credit Agreement (Elizabeth Arden Inc), Credit Agreement (Elizabeth Arden Inc), Credit Agreement (Elizabeth Arden Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans Margin plus the Base Rate for such day.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such dayday plus the Applicable Margin. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or and, to the extent permitted by applicable law, overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such dayDefault Rate.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Mohawk Industries Inc), Five Year Credit Agreement (Mohawk Industries Inc), Credit Agreement (Loewen Group Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes duedue or is prepaid, repaid or converted to a Euro-Dollar Loan, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the earlier of (A) the last day thereof. Any overdue principal of the Interest Period applicable thereto or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (B) the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such dayMaturity Date.

Appears in 3 contracts

Samples: Credit Agreement (Aetna Inc /Pa/), Bridge Credit Agreement (Aetna Inc /Pa/), Bridge Credit Agreement (Aetna Inc /Pa/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Euro-Dollar Loan pursuant to Section 2.5, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% the Base Rate plus the rate otherwise applicable to Applicable Margin for Base Rate Loans for such day.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Lp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, thereof for each day from the date such Loan is made until the date it becomes due, is repaid at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 3 contracts

Samples: Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Tower Realty Trust Inc), Credit Agreement (Amb Property Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interestinterest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans Margin plus the Base Rate for such day.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period Quarterly Payment Date and on the last day thereof. Any overdue Termination Date and, with respect to the principal amount of or interest on any Base Rate Loan shall bear interestthat is prepaid or converted to a Euro-Dollar Loan, payable on demand, for each day until paid at a rate per annum equal to the sum date of 2% plus the rate otherwise applicable to Base Rate Loans for such dayprepayment or conversion.

Appears in 3 contracts

Samples: Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period in arrears quarterly on the last day thereof. Any overdue principal of or interest each March, June, September and December during such period and on any such date as such Base Rate Loan shall bear interest, payable on demand, for each day until be Converted or paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such dayin full.

Appears in 2 contracts

Samples: Credit Agreement (Massey Energy Co), Credit Agreement (Massey Energy Co)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate plus the Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period Quarterly Payment Date and on the last day thereof. Any overdue Termination Date and, with respect to the principal amount of or interest on any Base Rate Loan shall bear interestthat is prepaid or converted to a Euro-Dollar Loan, payable on demand, for each day until paid at a rate per annum equal to the sum date of 2% plus the rate otherwise applicable to Base Rate Loans for such dayprepayment or conversion.

Appears in 2 contracts

Samples: Credit Agreement (Neiman Marcus Group Inc), Credit Agreement (Neiman Marcus Group Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on Quarterly Date prior to maturity and, with respect to the last day thereof. Any overdue principal amount of or interest on any Base Rate Loan shall bear interestconverted to a Euro-Dollar Loan, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to date such Base Rate Loans for such dayLoan is so converted.

Appears in 2 contracts

Samples: Credit Agreement (Wiley John & Sons Inc), Credit Agreement (Wiley John & Sons Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin for such day plus the applicable Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Credit Agreement (Ck Witco Corp), Credit Agreement (Ck Witco Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, due for each day at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus PLUS the interest rate otherwise applicable to such Base Rate Loans Loan for such day.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Bellwether Exploration Co), Purchase and Sale Agreement (Bellwether Exploration Co)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate plus the Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

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

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of fifty (50) basis points plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Credit Agreement (Kilroy Realty Corp), Credit Agreement (Kilroy Realty Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Euro-Dollar Loan or CD Loan pursuant to Section 2.7 or at the Maturity Date, at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Trinet Corporate Realty Trust Inc), Revolving Credit Agreement (Trinet Corporate Realty Trust Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% four percent (4%) plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Security Capital Atlantic Inc), Revolving Credit Agreement (Security Capital Atlantic Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such dayQuarterly Payment Date.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Aes Corporation), Reimbursement and Exchange Agreement (Aes Corporation)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for Base Rate Loans for the applicable Class of Loans plus the Base Rate for such day. Such interest shall be payable in arrears for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Credit Agreement (Kilroy Realty, L.P.), Credit Agreement (Kilroy Realty, L.P.)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such daydate plus the Applicable Margin. Such interest shall be payable for each Interest Period quarterly in arrears on September 30, 2007 and on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such dayTermination Date.

Appears in 2 contracts

Samples: Credit Agreement (Home Depot Inc), Credit Agreement (Home Depot Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Euro-Dollar Loan pursuant to Section 2.6 or at the Maturity Date, at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans for such day. Such interest shall be payable for each Interest Period in arrears on the last first day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such daycalendar month.

Appears in 2 contracts

Samples: Credit Agreement (Smith Charles E Residential Realty Lp), Assignment and Assumption Agreement (Smith Charles E Residential Realty Lp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date day such Loan is made until to but excluding the day it becomes due, at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on Quarterly Date prior to maturity and, with respect to the last day thereof. Any overdue principal amount of or interest on any Base Rate Loan shall bear interestconverted to a Fixed Rate Loan, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for date such dayLoan is so converted.

Appears in 2 contracts

Samples: Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made until to but excluding the date it becomes due, at a rate per annum equal to the sum of the Base Rate Margin for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on Quarterly Date and, with respect to the last day thereof. Any overdue principal amount of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.converted

Appears in 2 contracts

Samples: Credit Agreement (Beverly Enterprises Inc /De/), Credit Agreement (New Beverly Holdings Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes duedue and payable, at a rate per annum equal to the lesser of (i) the Base Rate as in effect for each such dayday and (ii) the Maximum Rate. Such Accrued, unpaid interest on the outstanding principal of the Base Rate Loans shall be due and payable for on each Interest Period on the last day thereofQuarterly Date. Any overdue principal of or and, to the extent permitted by Law, accrued and unpaid interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.which has become due and payable

Appears in 2 contracts

Samples: Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Hastings Entertainment Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest -------------- on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, due at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or and, to the extent permitted by law, overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Arco Chemical Co), Credit Agreement (Arco Chemical Co)

Interest Rates. (a) Each If a Base Rate Loan, the Mortgage Loan shall bear interest on the outstanding principal amount thereof, thereof for each day from the date such the Mortgage Loan is made (or converted to a Base Rate Loan) until the date it becomes due, is repaid at a rate per annum equal to the Base Rate plus the Applicable Margin for a Base Rate Loan for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Mortgage Loan Agreement (Tower Realty Trust Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest -------------- on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate plus the Applicable Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Applicable Margin plus the Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Unumprovident Corp)

Interest Rates. (a) a Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of twenty-five (25) basis points plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kilroy Realty Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% the Applicable Margin plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Republic Group Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interestinterest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Edison Co of New York Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Margin plus the Base Rate Rate, in each case for such day. Such interest shall be payable for monthly in arrears on each Interest Period on the last day thereofMonthly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate the Loans for such day.

Appears in 1 contract

Samples: Senior Credit Agreement (Orbital Sciences Corp /De/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes duedue or is converted to a different type of Loan, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on Quarterly Payment Date and, with respect to the last day thereof. Any overdue principal amount of or interest on any Base Rate Loan shall bear interestconverted to a different type of Loan, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for date such dayprincipal amount is so converted.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of 1% plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereoffirst Domestic Business Day of each month. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 23% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Term Loan Agreement (Musicland Stores Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of 0.50% plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Revolving Credit Agreement (Carramerica Realty Corp)

AutoNDA by SimpleDocs

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Target Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interestinterest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the sum of 22 % plus the rate otherwise applicable to Base Rate Loans Margin plus the Base Rate for such day.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc)

Interest Rates. (ai) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Rate for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Applicable Rate for such day plus the Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (United States Steel Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or and, to the extent permitted by law, overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.shall bear PAGE

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofDomestic Business Day of each calendar quarter. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal Domestic Business Day of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.each

Appears in 1 contract

Samples: Exchange Agreement (Perini Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is was made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Albany International Corp /De/)

Interest Rates. (a) a Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (K N Energy Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly on each Interest Period on the last day thereofQuarterly Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes duedue (or prepaid), at a rate per annum equal to the Base Rate for such dayday plus the Applicable Margin for Base Rate Loans of such tranche. Such interest shall be payable for each Interest Period quarterly in arrears on the last day thereof. Any overdue of each quarter and, with respect to the principal amount of or interest on any Base Rate Loan shall bear interestconverted to a Euro-Dollar Loan, payable on demand, for each day until paid at a rate per annum equal to the sum date of 2% plus the rate otherwise applicable to Base Rate Loans for such dayconversion.

Appears in 1 contract

Samples: Credit Agreement (Nortel Networks LTD)

Interest Rates. (a) Each Base Rate Loan shall bear -------------- interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period Quarterly Date and on the last day thereofdate such Base Rate Loan is converted to a Fixed Rate Loan. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Hancock John Financial Services Inc)

Interest Rates. (a) Each Base Rate Loan shall -------------- bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Unumprovident Corp)

Interest Rates. (a) Each -------------- Base Rate Committed Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofof each calendar quarter. Any overdue principal of or interest on any Base Rate Committed Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Committed Loans for such day.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Policy Management Systems Corp)

Interest Rates. (a) Each Base Rate Loan shall bear -------------- interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Agreement (FMC Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes dueduring each Interest Period applicable thereto, at a rate per annum equal to the Base Rate for such day. Such interest on each Base Rate Loan shall be payable for each Interest Period on in Dollars at the last day thereofmaturity of such Base Rate Loan. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid from and including the date payment thereof was due to but excluding the actual date of payment at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Honeywell Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Alternate Base Rate for such dayRate. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue Overdue principal of or and, to the extent permitted by law, overdue interest on any the Base Rate Loan Loans shall bear interest, payable on demand, interest for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofDomestic Business Day of each month. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to such Base Rate Loans Loan for such day.

Appears in 1 contract

Samples: Credit Agreement (Perini Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofof each calendar quarter. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Term Loan Agreement (Policy Management Systems Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for in arrears at maturity and on each Interest Period on the last day thereofQuarterly Date prior to maturity. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Blyth Industries Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, thereof for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Score Acquisition Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until the date it becomes dueis repaid or converted into a Fixed Rate Loan pursuant to Section 2.17 or at the Maturity Date, at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Revolving Credit Agreement (Avalon Properties Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (x) the Base Rate Margin for such day plus (y) the Base Rate for such day. Such interest shall be payable for each Interest Period period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 23% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Corporate Realty Consultants Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin and the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% the Applicable Margin plus the rate otherwise applicable to Base Rate Loans for such day.. Table of Contents

Appears in 1 contract

Samples: Credit Agreement (Lyondell Chemical Co)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 23% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Roadway Express Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Date. Any overdue principal of or interest on any Base Rate Loan (and any overdue fees) shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Con-Way Inc.)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin for such day plus the Base Rate for such day. Such interest shall be payable for in arrears at maturity and on each Interest Period on the last day thereofQuarterly Date prior to maturity. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Blyth Inc)

Interest Rates. (aA) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue Overdue principal of or and, to the extent permitted by law, overdue interest on any the Base Rate Loan Loans shall bear interest, payable on demand, interest for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until to but excluding the date it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid from and including the date payment thereof was due to but excluding the date of actual payment at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Px Acquisition Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (i) the Base Rate Margin for such day plus (ii) the Base Rate for such day. Such interest shall be payable for each Interest Period quarterly in arrears on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.each

Appears in 1 contract

Samples: Credit Agreement (Marvel Enterprises Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of (x) the Base Rate Margin for such day plus (y) the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to such Base Rate Loans Loan for such day.

Appears in 1 contract

Samples: Agreement (Marvel Enterprises Inc)

Interest Rates. (a) a Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date and at maturity. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Litton Industries Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.79580.000005 EMF_US 47579863v13

Appears in 1 contract

Samples: Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable in arrears for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Cisco Systems Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such daydate plus the Applicable Margin. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (McWhorter Technologies Inc /De/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period Quarterly Payment Date, at maturity and on the last day thereofdate of termination of the Commitments in their entirety. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21 % plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Year Credit Agreement (Duke Energy Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!