Common use of Base Rate Portion Clause in Contracts

Base Rate Portion. Interest accrued on Base Rate Portions shall be due and payable on the earliest of (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 11 contracts

Samples: Financing and Security Agreement (Henry Co), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

AutoNDA by SimpleDocs

Base Rate Portion. Interest accrued on the Base Rate Portions Portion shall be due and payable on the earliest of (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 4 contracts

Samples: Loan and Security Agreement (Mfri Inc), Loan and Security Agreement (Mfri Inc), Loan and Security Agreement (Truserv Corp)

Base Rate Portion. Interest accrued on the Base Rate Portions Portion shall be due and payable on each of the earliest of following dates (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

Base Rate Portion. Interest accrued on Base Rate Portions shall be due and payable on the earliest of (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence acceleration of an Event such Base Rate Portion in accordance with the terms of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations Section 10.2 or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

Base Rate Portion. Interest accrued on Base Rate Portions shall be due and payable on the earliest of (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Required Lenders elect elect(s) to accelerate the maturity and payment of the Obligations or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Houston Wire & Cable CO), Loan and Security Agreement (Houston Wire & Cable CO)

Base Rate Portion. Interest accrued on the Base Rate Portions Portion shall be due and payable on the earliest of (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence of an Event of Default in consequence of which Administrative Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations (or in consequence of which payment of the Obligations is automatically accelerated) or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)

Base Rate Portion. Interest accrued on the Base Rate Portions Portion shall be due and payable on the earliest of (1) the first calendar day of each month fiscal quarter (for the immediately preceding monthfiscal quarter), computed through the last calendar day of the preceding monthfiscal quarter, (2) the occurrence of an Event of Default in consequence of which Administrative Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations (or in consequence of which payment of the Obligations is automatically accelerated) or (3) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)

AutoNDA by SimpleDocs

Base Rate Portion. Interest accrued on Base Rate Portions the Loans shall be due and payable on the earliest of (1i) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2ii) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect Lender elects to accelerate the maturity and payment of the Obligations Obligations, or (3iii) termination of this Agreement pursuant to Section 4 hereof4.

Appears in 1 contract

Samples: Loan and Security Agreement (Avalon Community Services Inc)

Base Rate Portion. Interest accrued on the Base Rate Portions Portion shall be due and payable on the earliest of (1) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2) the occurrence of an Event of Default in consequence of which Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations or (3) termination of this Agreement pursuant to Section 4 hereof.. CHICAGO/#1571873.4

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Base Rate Portion. Interest accrued on Base Rate Portions shall be due and payable on the earliest of (1a) the first calendar day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month, (2b) the occurrence of an Event of Default in consequence of which Agent or Majority Required Lenders elect elect(s) to accelerate the maturity and payment of the Obligations or (3c) termination of this Agreement pursuant to Section 4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Time is Money Join Law Insider Premium to draft better contracts faster.