Common use of Interest on Loans; Payments of Interest Clause in Contracts

Interest on Loans; Payments of Interest. (a) Except as otherwise provided by Section 3.11 hereof, each Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate in effect from time to time, which rate shall change contemporaneously with any change in the Base Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

AutoNDA by SimpleDocs

Interest on Loans; Payments of Interest. (a) Except as otherwise provided by Section 3.11 4.11 hereof, each Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate in effect from time to time, which rate shall change contemporaneously with any change in the Base Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (United States Cellular Corp)

Interest on Loans; Payments of Interest. (a) Except as otherwise provided by Section section 3.11 hereof, each Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate in effect from time to time, which rate shall change contemporaneously with any change in the Base Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

AutoNDA by SimpleDocs

Interest on Loans; Payments of Interest. (a) Except as otherwise provided by Section 3.11 §4.11 hereof, each Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate in effect from time to time, which rate shall change contemporaneously with any change in the Base Rate.in

Appears in 1 contract

Samples: Revolving Credit Agreement (United States Cellular Corp)

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