Common use of On Base Rate Advances Clause in Contracts

On Base Rate Advances. Interest on each Base Rate Advance shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed and shall be payable at the Base Rate Basis for such Advance, in arrears on the applicable Payment Date. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date.

Appears in 6 contracts

Samples: Term Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

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On Base Rate Advances. Interest on each Base Rate Advance shall be computed on the basis of a year of 365/366 days (360 days to the extent based on the Federal Funds Rate) for the actual number of days elapsed (which shall include the first day of such Interest Period but exclude the last day) and shall accrue daily and be payable in U.S. Dollars at the Base Rate Basis for such Advance, in arrears on the applicable Payment Date. Interest on Base Rate Advances then outstanding shall also be due and payable in U.S. Dollars on the applicable Maturity DateDates.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Whole Earth Brands, Inc.), Loan Agreement (Whole Earth Brands, 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 year of 365/366 days for 365 or 366 days, as the actual number of days elapsed case may be, and shall be payable at the Base Rate Basis for such Advance, monthly in arrears on the applicable Payment Datefirst day of each month for the prior month, commencing on February 1, 2000. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Base Rate Advance at the simple per annum interest rate equal to the sum of (A) the Base Rate, and (B) the applicable Interest Rate Margin.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, 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 year of 365/366 days for 365 or 366 days, as the actual number of days elapsed case may be, and shall be payable at the Base Rate Basis for such Advance, monthly in arrears on the applicable Payment Datefirst day of each month for the prior month, commencing on February 1, 2004. Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date. Interest shall accrue and be payable on each Base Rate Advance at the simple per annum interest rate equal to the sum of (A) the Base Rate, and (B) the applicable Interest Rate Margin.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

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