Applicable Interest Rates. The Borrower shall pay interest on the unpaid principal amount of each Advance made by each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:
Appears in 6 contracts
Samples: Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Energy LLC)
Applicable Interest Rates. The Borrower Borrowers shall pay interest on the unpaid principal amount of each Advance made by each Lender from the date of such Advance until such principal amount shall be paid in full at a rate per annum equal at all times to the lesser of (A) the Maximum Rate and (B) the greater of (aa) the Reference Rate in effect from time to time and (bb) four percent (4.0%), payable monthly in arrears on the last day of each calendar month, commencing February 28, 2013, and on the date such Advance shall be paid in full, at the following rates per annum:.
Appears in 3 contracts
Samples: Secured Credit Agreement (Cross Border Resources, Inc.), Secured Credit Agreement (Red Mountain Resources, Inc.), Secured Credit Agreement (Cross Border Resources, Inc.)
