Common use of Reference Rate Advances Clause in Contracts

Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Reference Rate Advances, quarterly in arrears, on each March 31st, June 30th, September 30th, and December 31st commencing on September 30, 2016, on the date such Reference Rate Advance shall be paid in full and on the Commitment Termination Date.

Appears in 2 contracts

Samples: Master Assignment, Borrowing Base Increase Agreement, and Amendment No. 6 to Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)

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Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Reference Rate Advances, quarterly in arrears, on each March 31st, June 30th, September 30th, and December 31st commencing on September June 30, 20162013, on the date such Reference Rate Advance shall be paid in full and on the Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Gastar Exploration Inc.), Credit Agreement (Gastar Exploration LTD)

Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Reference Rate Advances, quarterly Advances in arrears, on each March 31st, June 30th, September 30th, and December 31st commencing on September 30, 2016, arrears on the date such Reference Rate Advance shall be paid in full and on the Commitment Termination Datefull.

Appears in 1 contract

Samples: Credit Agreement (CVR Energy Inc)

Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Reference Rate Advances, quarterly in arrears, on each March 31st, June 30th, September 30th, and December 31st commencing on September 30, 2016, on and the date such Reference Rate Advance shall be paid in full and on the Commitment Termination Datefull.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Reference Rate Advances, quarterly in arrears, on each March 31st, June 30th, September 30th, and December 31st commencing on September 30December 31, 20162017, on the date such Reference Rate Advance shall be paid in full and on the Commitment Termination Datefull.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such Lender’s Reference Rate Advances, quarterly in arrears, on each March 31st, June 30th, September 30th, and December 31st 31st, commencing on September 30, 2016, on the date such Reference Rate Advance shall be paid in full and on the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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