Base Rate Payment Date means (i) the last day of each calendar month, beginning July 31, 1997, and (ii) any day on which past due interest or principal is owed hereunder and is unpaid. If the terms hereof or of the Credit Agreement provide that payments of interest or principal hereon shall be deferred from one Base Rate Payment Date to another day, such other day shall also be a Base Rate Payment Date.
Base Rate Payment Date as to any Specified Borrower, the Specified Interest Payment Date for the Specified Base Rate Loans set forth in the Administrative Schedule.
Base Rate Payment Date means (i) the last day of each March, June, September and December, beginning December 31, 1996, and (ii) any day on which past due interest or principal is owed hereunder and is unpaid. If the terms hereof or of the Credit Agreement provide that payments of interest or principal hereon shall be deferred from one Base Rate Payment Date to another day, such other day shall also be a Base Rate Payment Date. 58704 08037 CORP 133021 1 PROMISSORY NOTE (FACILITY B) $5,000,000 New York, New York November 7, 1996 FOR VALUE RECEIVED, the undersigned, Cairn Energy USA, Inc., a Delaware corporation (herein called "Borrower"), hereby promises to pay to the order of ING (U.S.) CAPITAL CORPORATION, a Delaware corporation (herein called "Lender"), the principal sum of Five Million Dollars ($5,000,000), or, if greater or less, the aggregate unpaid principal amount of the Facility B Loan made under this Note by Lender to Borrower pursuant to the terms of the Credit Agreement (as hereinafter defined), together with interest on the unpaid principal balance thereof as hereinafter set forth, both principal and interest payable as herein provided in lawful money of the United States of America at the offices of the Agent under the Credit Agreement, 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx or at such other place within New York, New York, as from time to time may be designated by the holder of this Note. This Note (a) is issued and delivered under that certain Credit Agreement dated December 20, 1994 among Borrower, Internationale Nederlanden (U.S.) Capital Corporation, as Agent, and the lenders (including Lender) referred to therein (herein, as from time to time supplemented, amended or restated, called the "Credit Agreement"), and is a "Facility B Note" as defined therein, (b) is subject to the terms and provisions of the Credit Agreement, which contains provisions for payments and prepayments hereunder and acceleration of the maturity hereof upon the happening of certain stated events, and (c) is secured by and entitled to the benefits of certain Security Documents (as identified and defined in the Credit Agreement). Payments on this Note shall be made and applied as provided herein and in the Credit Agreement. Reference is hereby made to the Credit Agreement for a description of certain rights, limitations of rights, obligations and duties of the parties hereto and for the meanings assigned to terms used and not defined herein and to the Security Documents for a description ...
Examples of Base Rate Payment Date in a sentence
Each prepayment of principal under this section shall be accompanied by all interest then accrued and unpaid on the principal so prepaid (provided that Borrower may, if it wishes, defer payment of any such interest on Base Rate Portions of Loans until the next "Base Rate Payment Date" specified in the Notes).
Interest on the Base Rate Portion of any Loans shall be due and payable monthly in arrears on each Base Rate Payment Date.
During such periods as such Loan is a Base Rate Loan, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable monthly in arrears on each Base Rate Payment Date, on the date such Base Rate Loan shall be Converted and on the date of any repayment or prepayment (on the amount repaid or prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand.
Such installments shall be due and payable on each Base Rate Payment Date, beginning with the first Base Rate Payment Date which occurs after the end of the Commitment Period and ending on the Maturity Date.
This commitment fee shall be due and payable in arrears on each Base Rate Payment Date and at the end of the Commitment Period.
More Definitions of Base Rate Payment Date
Base Rate Payment Date means (i) the last day of each March, June, September and December, beginning December 31, 1996, and (ii) any day on which past due interest or principal is owed hereunder and is unpaid. If the terms hereof or of the Credit Agreement provide that payments of interest or principal hereon shall be deferred from one Base Rate Payment Date to another day, such other day shall also be a Base Rate Payment Date. 58704 08037 CORP 133021 1 PROMISSORY NOTE (FACILITY A) $22,500,000 New York, New York November 7, 1996 FOR VALUE RECEIVED, the undersigned, Cairn Energy USA, Inc., a Delaware corporation (herein called "Borrower"), hereby promises to pay to the order of CREDIT LYONNAIS NEW YORK BRANCH (herein called "Lender"), the principal sum of Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000), or, if greater or less, the aggregate unpaid principal amount of the Facility A Loan made under this Note by Lender to Borrower pursuant to the terms of the Credit Agreement (as hereinafter defined), together with interest on the unpaid principal balance thereof as hereinafter set forth, both principal and interest payable as herein provided in lawful money of the United States of America at the offices of the Agent under the Credit Agreement, 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx or at such other place within New York, New York, as from time to time may be designated by the holder of this Note.
Base Rate Payment Date means (i) the last day of each
Base Rate Payment Date means (i) the fifteenth (15th) day of each calendar month, beginning with July 15, 2001 and (ii) any day on which past due interest or principal is owed hereunder and is unpaid.
Base Rate Payment Date has the meaning given it in the Note. ----------------------
Base Rate Payment Date means the last Business Day of each month occurring after the Effective Date, commencing on September 30, 2018.
Base Rate Payment Date means the last day of March, June, September and December.
Base Rate Payment Date means the first day of each calendar month.