Common use of On Base Rate Advances Clause in Contracts

On Base Rate Advances. (i) The Borrower shall pay interest on the outstanding unpaid principal amount of the Base Rate Advances outstanding from time to time, until such Base Rate Advances are due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid at a simple interest rate per annum equal to the Base Rate Basis for the Base Rate

Appears in 1 contract

Samples: Credit Agreement (Netcom Systems Inc)

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On Base Rate Advances. (i) The Borrower shall pay interest on the outstanding unpaid principal amount of the each Base Rate Advances outstanding Advance, from time to time, the date such Advance is made until such Base Rate Advances are it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid and repaid, which shall be payable as set forth in SECTION 2.3(a)(ii) hereof, at a simple interest rate per annum equal to the Base Rate Basis for such Base Rate Advance as in effect from time to time, provided that interest on such Base Rate Advance shall not exceed the Base RateMaximum Amount.

Appears in 1 contract

Samples: Credit Agreement (Sun Healthcare Group Inc)

On Base Rate Advances. (i) The Borrower shall pay interest on the outstanding unpaid principal amount of the each Base Rate Advances outstanding Advance, from time to time, the date such Advance is made until such Base Rate Advances are it is due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or repaid and repaid, which shall be payable as set forth in Section 2.3(a)(ii) hereof, at a simple interest rate per annum equal to the Base Rate Basis for such Base Rate Advance as in effect from time to time, provided that interest on such Base Rate Advance shall not exceed the Base RateMaximum Amount.

Appears in 1 contract

Samples: Credit Agreement (Texas Industries Inc)

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On Base Rate Advances. (i) The Borrower shall pay interest on the outstanding unpaid principal amount of the Base Rate Advances outstanding from time to time, until such Base Rate Advances are due (whether at maturity, by reason of acceleration, by scheduled reduction, or otherwise) or and repaid at a simple interest rate per annum equal to the Base Rate Basis for the Base RateBasis

Appears in 1 contract

Samples: Credit Agreement (Signature Resorts Inc)

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