U.S. Base Rate Loans Sample Clauses
The U.S. Base Rate Loans clause defines the terms under which loans are provided at an interest rate tied to a base rate commonly used in the United States, such as the prime rate set by major banks. This clause typically outlines how the base rate is determined, how often it may change, and how it affects the borrower's interest payments. By specifying these details, the clause ensures transparency in how interest is calculated and protects both lender and borrower from ambiguity regarding rate adjustments.
U.S. Base Rate Loans. Each Advance of a U.S. Base Rate Loan will bear interest at a variable rate per annum equal to the U.S. Base Rate plus the applicable margin (expressed as a rate per annum) as specified in the pricing table set forth in Section 3.2(g).
U.S. Base Rate Loans. The Borrower shall pay interest on each U.S. Base Rate Loan outstanding from time to time in U.S. Dollars at a variable rate per annum equal to the U.S. Base Rate in effect from time to time plus the applicable U.S. Base Rate Margin. Interest on U.S. Base Rate Loans shall accrue and be calculated (but not compounded) daily on the principal amount of each U.S. Base Rate Loan on the basis of the actual number of days each such U.S. Base Rate Loan is outstanding in a Year of 365 days (or 366 days in the case of a leap Year) and shall be compounded and payable monthly in arrears on each Interest Payment Date for such U.S. Base Rate Loan. Changes in the U.S. Base Rate shall cause an immediate adjustment of the interest rate applicable to each U.S. Base Rate Loan without the necessity of any notice to the Borrower.
U.S. Base Rate Loans. If such U.S. Swingline Loan is a U.S. Base Rate Loan, at a per annum rate (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be) equal to the U.S. Base Rate plus the Applicable Rate; and
U.S. Base Rate Loans. During such periods as Foreign Currency Loans shall be comprised in whole or in part of U.S. Base Rate Loans, such U.S. Base Rate Loans shall bear interest at a per annum rate equal to the U.S. Base Rate plus the Applicable Rate; and
U.S. Base Rate Loans. The Borrower shall pay interest on U.S. Base Rate Accommodations at the U.S. Base Rate per annum plus the Base Rate Margin, calculated (but not compounded) daily and compounded and payable monthly in arrears, on the first Business Day of each month for the immediately preceding month.
U.S. Base Rate Loans. The Borrower shall pay to the Bank interest on each US Base Rate Loan, monthly in arrears at the rates set out in this Agreement, on the last Business Day of each month. Such interest will be calculated monthly and will accrue daily on the basis of the actual number of days elapsed and a year of 365 or 366 days, as applicable.
U.S. Base Rate Loans. Each US Base Rate Loan will bear interest in US Dollars as well after as before maturity, demand, default and judgement at a variable rate per annum (calculated on the basis of a 365 or 366 day year) equal at all times to the US Base Rate plus the Applicable Margin which applicable rate per annum shall change automatically without notice to the Borrower.
U.S. Base Rate Loans. The outstanding principal balance of U.S. Base Rate Loans shall bear interest at the U.S. Base Rate plus 2% per annum, as in effect from time to time, and the Borrower hereby promises to pay such interest at the rate and at the times set forth herein.
U.S. Base Rate Loans. Each U.S. Base Rate Loan made or maintained by the Bank shall bear interest (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed on the unpaid principal amount thereof from the date such Loan is advanced, or created by conversion from a LIBOR Loan, until maturity (whether by acceleration or otherwise)) at a rate per annum equal to the sum of the Applicable Margin plus the U.S. Base Rate from time to time in effect, payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).
U.S. Base Rate Loans. The Borrower shall pay interest on each U.S. Base Rate Loan (including U.S. $ overdraft borrowings under the Operating Facility) outstanding from time to time in U.S. Dollars at a variable rate per annum equal to the U.S. Base Rate in effect from time to time plus the applicable U.S. Base Rate Margin. Interest on U.S. Base Rate Loans shall accrue and be calculated (but not compounded) daily on the principal amount of each U.S. Base Rate Loan on the basis of the actual number of days each such U.S. Base Rate Loan is outstanding in a Year of 365 days (or 366 days in the case of a leap Year) and shall be compounded and payable monthly in arrears on each Interest Payment Date for such U.S. Base Rate Loan. Changes in the U.S. Base Rate shall cause an immediate adjustment of the interest rate applicable to each U.S. Base Rate Loan without the necessity of any notice to the Borrower.