Common use of Base Rate Advances Clause in Contracts

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.

Appears in 9 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

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Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such each Base Rate Advance shall bear interest payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 7 contracts

Samples: Day Credit Agreement (Alliant Energy Corp), Day Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 4 contracts

Samples: Collateral Agency Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

Base Rate Advances. If such A Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such thereafter each Base Rate Advance shall bear interest payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 3 contracts

Samples: Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable (A) quarterly on the last day of each March, June, September and December and December, (B) on the date such Base Rate Advance shall be paid in fullfull and (C) on the Termination Date; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 22.0% per annum above the Applicable Rate for such Advance for such Interest Period.

Appears in 3 contracts

Samples: Credit Agreement (Western Massachusetts Electric Co), Credit Agreement (Northeast Utilities), Credit Agreement (Northeast Utilities System)

Base Rate Advances. If such A Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or otherwise shall be paid in full; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Wicor Inc), Revolving Credit Agreement (Wicor Inc), Revolving Credit Agreement (Wicor Inc)

Base Rate Advances. If such A Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such thereafter each Base Rate Advance shall bear interest payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 3 contracts

Samples: Day Credit Agreement (Alliant Energy Corp), Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such thereafter each Base Rate Advance shall bear interest payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 2 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable (A) quarterly on the last day of each March, June, September and December and December, (B) on the date such Base Rate Advance shall be paid in fullfull and (C) on the Termination Date; provided that during the continuance of any if an Event of DefaultDefault shall occur and be continuing, such Advance shall bear interest at a rate per annum equal at all times to 22.0% per annum above the Applicable Rate for such Advance for such Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement (Public Service Co of New Hampshire)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable (A) quarterly on the last day of each March, June, September and December and December, (B) on the date such Base Rate Advance shall be paid in fullfull and (C) on the Termination Date; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodAdvance.

Appears in 2 contracts

Samples: Credit Agreement (Western Massachusetts Electric Co), Credit Agreement (Northeast Utilities System)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable (A) quarterly on the last day of each March, June, September and December and December, (B) on the date such Base Rate Advance shall be paid in fullfull and (C) on the Termination Date; provided that during the continuance of any if an Event of DefaultDefault shall have occurred and be continuing, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodAdvance.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Public Service Co of New Hampshire)

Base Rate Advances. If such A Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such thereafter each Base Rate Advance shall bear interest payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.Default Rate. (b)

Appears in 2 contracts

Samples: Year Credit Agreement (Ies Utilities Inc), Day Credit Agreement (Ies Utilities Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and December, on the date such Base Rate Advance shall be paid in fullfull and on the Termination Date; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

Base Rate Advances. If such A Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance any amount of any Event of Defaultprincipal that is not paid when due (whether at stated maturity, such Advance by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 1 contract

Samples: Credit Agreement (Ies Utilities Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each MarchJanuary, JuneApril, September July and December October, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance any amount of any Event of Defaultprincipal that is not paid when due (whether at stated maturity, such Advance by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 1 contract

Samples: Term Loan Agreement (CMS Energy Corp)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 1 contract

Samples: Credit Agreement (Summit Properties Inc)

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Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December and in each year, commencing December, 2000, on the date such Base Rate Advance shall be paid in fullfull and on the Termination Date; provided that during the continuance continuation of any Event of Default, such each Base Rate Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 1 contract

Samples: Term Credit Agreement (Northeast Utilities System)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or shall otherwise be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such each Base Rate Advance shall bear interest interest, payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest PeriodDefault Rate.

Appears in 1 contract

Samples: Day Credit Agreement (Alliant Energy Corp)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.. (i)

Appears in 1 contract

Samples: Term Loan Agreement (Northeast Utilities System)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.Default Rate

Appears in 1 contract

Samples: Credit Agreement (Summit Properties Inc)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of November, February, May and August in each Marchyear, Junecommencing February, September and December and 1996, on the date such Base Rate Advance shall be paid in fullfull and on the Termina- tion Date; provided that during the continuance continuation of any Event of Default, such each Base Rate Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 1 contract

Samples: Term Credit Agreement (North Atlantic Energy Corp /Nh)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided PROVIDED that during the continuance of any Event of Default, such Advance shall bear interest at a rate per annum PER ANNUM equal at all times to 2% per annum PER ANNUM above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 1 contract

Samples: Credit Agreement (Northeast Utilities)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance any amount of any Event of Defaultprincipal which is not paid when due (whether at stated maturity, such Advance by acceleration or otherwise) shall bear interest interest, from the date on which such amount is due until such amount is paid in full, payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 1 contract

Samples: Collateral Agency Agreement (North Atlantic Energy Corp /Nh)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly on the last day of each March, June, September and December and on the date such Base Rate Advance shall be paid in full; provided that during the continuance of any if an Event of DefaultDefault shall have occurred and is continuing, such Advance any principal amounts outstanding shall bear interest during such period, payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 1 contract

Samples: Revolving Credit Agreement (North Atlantic Energy Corp /Nh)

Base Rate Advances. If such Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last day of each March, June, September and December and in each year, commencing December, 2001, on the date such Base Rate Advance shall be paid in fullfull and on the Termination Date; provided that during the continuance continuation of any Event of Default, such each Base Rate Advance shall bear interest at a rate per annum equal at all times to 2% per annum above the Applicable Rate in effect from time to time for such Advance for such Interest PeriodBase Rate Advances.

Appears in 1 contract

Samples: Term Credit Agreement (Northeast Utilities System)

Base Rate Advances. If such Tender Advance is a Base Rate Advance, interest thereon shall be payable quarterly in arrears on the last first day of each March, June, September and December December, on the date of any Conversion of such Base Rate Advance and on the date such Base Rate Advance shall become due and payable or otherwise shall be paid in full; provided that during the continuance of at any time an Event of DefaultDefault shall have occurred and be continuing, such thereafter each Base Rate Advance shall bear interest interest, payable on demand, at a rate per annum equal at all times to 2% per annum above the Applicable Rate for such Advance for such Interest Period.Default Rate; or

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (South Jersey Industries Inc)

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