Common use of Term Loan Base Rate Option Clause in Contracts

Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 14 contracts

Samples: Credit Agreement (Stewart Information Services Corp), Credit Agreement (Neogenomics Inc), Credit Agreement (Aimco Properties L.P.)

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Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, or, if the Base Rate is measured by reference to the Daily Euro Rate, 360 days, and in each case actual days elapsed) equal to the Base Rate plus the Applicable Marginapplicable number of basis points calculated under the Pricing Grid, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 7 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 three hundred sixty five (365) or 366 three hundred sixty six (366) days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 3 contracts

Samples: Credit Agreement (Foster L B Co), Assignment and Assumption Agreement (Foster L B Co), Credit Agreement (Universal Stainless & Alloy Products Inc)

Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 three hundred sixty-five (365) or 366 three hundred sixty-six (366) days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 3 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 three hundred sixty-five (365) or 366 three hundred sixty- ​ six (366) days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Samples: Credit Agreement (Cadre Holdings, Inc.)

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Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or;

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Koppers Holdings Inc.)

Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, 360 days and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Samples: Credit Agreement (O'Gara Group, Inc.)

Term Loan Base Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 three hundred sixty-five (365) or 366 three hundred sixty- six (366) days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Appears in 1 contract

Samples: Credit Agreement (Cadre Holdings, Inc.)

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