Common use of Base Rate Portion Clause in Contracts

Base Rate Portion. Each Base Rate Portion shall bear interest at the rate per annum determined equal to the Base Rate as in effect from time to time plus the Applicable Base Rate Margin, provided that if a Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Lender upon notice to the Company after the occurrence and during the continuation of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full of the amount then due at the rate per annum determined by adding 2.0% to the interest rate which would otherwise be applicable thereto from time to time. Interest on each Base Rate Portion shall be payable quarterly in arrears on the last day of each March, June, September and December in each year and at maturity of the applicable Note, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portions resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.

Base Rate Portion. Each The Base Rate Portion shall bear interest at the rate per annum determined equal by adding the Applicable Margin to the Base Rate as in effect from time to time plus the Applicable Base Rate Margintime, provided that if a the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Lender Bank upon notice to the Company after the occurrence and during the continuation existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full of the amount then due thereof at the rate per annum determined by adding 2.02% to the interest rate which would otherwise be applicable thereto from time to time. Interest on each the Base Rate Portion shall be payable quarterly in arrears quarter-annually on the last day of each March, June, September and December December, in each year (commencing on the first such date occurring after the date hereof) and at maturity of the applicable Note, Note and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portions Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.. (c)

Base Rate Portion. Each Base Rate Portion shall bear interest at the rate per annum determined equal by adding the Applicable Margin to the Base Rate as in effect from time to time plus the Applicable Base Rate Margintime, provided that if a the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration acceleration, or otherwise), or at the election of the Lender Bank upon notice to the Company after the occurrence and Borrower during the continuation existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, judgment until the earlier of payment in full thereof or the date on which such Event of the amount then due Default is cured, at the rate per annum determined by adding 2.02% to the interest rate which would otherwise be applicable thereto from time to time. Interest on each Base Rate Portion shall be payable quarterly monthly in arrears on the last first day of each March, June, September and December month in each year and at maturity of the applicable Note, and interest after maturity (whether by lapse of time, acceleration acceleration, or otherwise) shall be due and payable upon demand. Any change in the interest rate on the any Base Rate Portions Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.

Base Rate Portion. Each The Base Rate Portion shall bear interest at the rate per annum determined equal by adding the Applicable Margin to the Base Rate as in effect from time to time plus the Applicable Base Rate Margintime, provided that if a the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Lender Bank upon notice to the Company after the occurrence and during the continuation existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full of the amount then due thereof at the rate per annum determined by adding 2.02% to the interest rate which would otherwise be applicable thereto from time to time. Interest on each the Base Rate Portion shall be payable quarterly in arrears quarter-annually on the last day of each March, June, September and December December, in each year (commencing on the first such date occurring after the date hereof) and at maturity of the applicable Note, Note and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portions Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.

Base Rate Portion. Each The Base Rate Portion shall bear interest at the rate per annum determined equal by adding the Applicable Margin to the Base Rate as in effect from time to time plus the Applicable Base Rate Margintime, provided that if a the Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration or otherwise), or at the election of the Lender Bank upon notice to the Company after the occurrence and during the continuation existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, until payment in full of the amount then due thereof at the rate per annum determined by adding 2.02% to the interest rate which would otherwise be applicable thereto from time to time. Interest on each the Base Rate Portion shall be payable quarterly in arrears quarter‑annually on the last day of each March, June, September and December December, in each year (commencing on the first such date occurring after the date hereof) and at maturity of the applicable Note, Note and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. Any change in the interest rate on the Base Rate Portions Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.

Base Rate Portion. Each Base Rate Portion shall bear interest at the rate per annum determined equal by adding the Applicable Rate to the Base Rate as in effect from time to time plus the Applicable Base Rate Margintime, provided that if a any Base Rate Portion or any part thereof is not paid when due (whether by lapse of time, acceleration acceleration, or otherwise), or at the election of the Lender Bank upon notice to the Company after the occurrence and Borrower during the continuation existence of any other Event of Default, such Portion shall bear interest, whether before or after judgment, judgment until payment in full of the amount then due thereof, at the rate per annum determined by adding 2.0% two percent (2%) to the interest rate which would otherwise be applicable thereto from time to time. Interest on each Base Rate Portion shall be payable quarterly monthly in arrears on the last day of each March, June, September and December month in each year (commencing on the first such date occurring after the date hereof) and at maturity of the applicable relevant Note, and interest after maturity (whether by lapse of time, acceleration acceleration, or otherwise) shall be due and payable upon demand. Any change in the interest rate on the any Base Rate Portions Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.