Common use of On Base Rate Advances Clause in Contracts

On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days and shall be payable monthly in arrears on the second Business Day of each calendar month for the prior calendar month, commencing with calendar month ending August 31, 2008. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on each Base Rate Advance at a per annum interest rate equal to the sum of (A) the Base Rate and (B) the Applicable Margin with respect to Base Rate Advances.

Appears in 3 contracts

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

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On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical 365/366 day year of three hundred sixty (360) days and shall be payable monthly in arrears on the second Business Day first day of each calendar month for the prior calendar month, commencing with the first calendar month ending August 31, 2008beginning after the Agreement Date. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the ObligationsObligations arising under this Agreement and the other Loan Documents). Interest shall accrue and be payable on each Base Rate Advance at a the simple per annum interest rate equal to the sum of (A) the Base Rate and (B) the Applicable Margin with respect to for Base Rate Advances.

Appears in 2 contracts

Samples: Credit Agreement (Installed Building Products, Inc.), Credit Agreement (Installed Building Products, Inc.)

On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days for the actual number of days elapsed and shall be payable monthly in arrears on the second Business Day last day of each calendar month for the prior such calendar month, commencing with calendar month ending August on March 31, 20082010. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on each Base Rate Advance at a the simple per annum interest rate equal to the sum of (A) the Base Rate Rate, and (B) the Applicable Margin with respect to Base applicable Interest Rate AdvancesMargin.

Appears in 2 contracts

Samples: Credit Agreement (Affinity Guest Services, LLC), Credit Agreement (Affinity Group Holding, Inc.)

On Base Rate Advances. Interest on the outstanding principal amount of each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty sixty-five (360365) days and shall be payable monthly in arrears on the second first Business Day of each calendar month for the prior calendar month, commencing with calendar month ending August 31January 1, 20082016. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on the outstanding principal amount of each Base Rate Advance at a the per annum interest rate equal to the sum of (Ax) the Base Rate and (By) the Applicable Margin with respect to Base Rate AdvancesMargin.

Appears in 2 contracts

Samples: Credit Agreement (Fluent, Inc.), Credit Agreement (Cogint, Inc.)

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On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days for the actual number of days elapsed and shall be payable monthly in arrears on the second Business Day last day of each calendar month for the prior such calendar month, commencing with calendar month ending August on March 31, 20082010. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on each Base Rate Advance at a the simple per annum interest rate equal to the sum of (A) the Base Rate applicable to such Base Rate Advance from time to time, and (B) the Applicable Margin with respect to Base Interest Rate AdvancesMargin.”

Appears in 1 contract

Samples: Credit Agreement (Affinity Guest Services, LLC)

On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days and shall be payable monthly in arrears on the second Business Day first day of each calendar month for the prior calendar month, commencing with calendar month ending August 31on June 1, 20082006. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations). Interest shall accrue and be payable on each Base Rate Advance at a the simple per annum interest rate equal to the sum of (A) the Base Rate Rate, and (B) the Applicable Margin with respect to Base Rate Advances.

Appears in 1 contract

Samples: Credit Agreement (Gtsi Corp)

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