Common use of Interest on Base Rate Loans Clause in Contracts

Interest on Base Rate Loans. Subject to the provisions of Section 4.4 hereof, interest on Base Rate Loans shall be payable quarterly in arrears (i) on the last Business Day of each calendar quarter, (ii) upon any prepayment, except pursuant to Section 2.6(d), (on the amount prepaid) and (iii) at maturity, in each case at an interest rate per annum equal to the Base Rate plus the relevant Applicable Margin. Each determination by the Payments Administrator of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

Interest on Base Rate Loans. Subject to the provisions of Section 4.4 hereof, interest on Base Rate Loans shall be payable quarterly in arrears (i) on the last Business Day of each calendar quarter, (ii) upon any prepayment, except pursuant to Section 2.6(d), (on the amount prepaid) and (iii) at maturity (whether by acceleration or otherwise) and, after such maturity, on demand, in each case at an interest rate per annum PER ANNUM equal to the Base Rate plus the relevant Applicable Margin. Each determination by the Payments Administrator of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.

Interest on Base Rate Loans. Subject to the provisions of Section 4.4 hereof, interest on Base Rate Loans shall be payable quarterly in arrears (i) on the last Business Day of each calendar quarter, (ii) upon any prepayment, except pursuant to Section 2.6(d), (on the amount prepaid) and (iii) at maturity (whether by acceleration or otherwise) and, after such maturity, on demand, in each case at an interest rate per annum equal to the Base Rate plus the relevant Applicable Margin. Each determination by the Payments Administrator Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.