Common use of Interest Rates Clause in Contracts

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 40 contracts

Samples: Credit Agreement (Target Corp), Credit Agreement (Target Corp), 364 Day Credit Agreement (Target Corp)

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Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 20 contracts

Samples: Year Term Loan Agreement (United States Steel Corp), Credit Agreement (Consolidated Edison Inc), Agreement (Consolidated Edison Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 9 contracts

Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Meadwestvaco Corp), Credit Agreement (Westvaco Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 6 contracts

Samples: Credit Agreement (Clorox Co /De/), Assignment and Assumption Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date and at maturity. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 5 contracts

Samples: Credit Agreement (Litton Industries Inc), Bridge Loan Agreement (Pentair Inc), Credit Agreement (United Asset Management Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate plus the Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 2 contracts

Samples: Credit Agreement (Unova Inc), Credit Agreement (Unova Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, due for each day at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus PLUS the interest rate otherwise applicable to such Base Rate Loans Loan for such day.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Bellwether Exploration Co), Purchase and Sale Agreement (Bellwether Exploration Co)

Interest Rates. (aA) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue Overdue principal of or and, to the extent permitted by law, overdue interest on any the Base Rate Loan Loans shall bear interest, payable on demand, interest for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interestinterest (after as well as before judgment), payable on demand, for each day until paid at a rate per annum equal to the sum of 22 % plus the rate otherwise applicable to Base Rate Loans Margin plus the Base Rate for such day.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Consolidated Edison Co of New York Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate for such day plus the Applicable Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Western Atlas Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Target Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 23% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Roadway Express Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereofQuarterly Payment Date. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Aes Corporation)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofof each calendar quarter. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Term Loan Agreement (Policy Management Systems Corp)

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Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for in arrears at maturity and on each Interest Period on the last day thereofQuarterly Date prior to maturity. Any overdue principal of or overdue interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Blyth Industries Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable in arrears for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Cisco Systems Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or and, to the extent permitted by law, overdue interest on any the Base Rate Loan Loans shall bear interest, payable on demand, interest during such overdue period for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans rate for such day, payable on demand of the Bank.

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such dayRate. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue Overdue principal of or and, to the extent permitted by law, overdue interest on any the Base Rate Loan Loans shall bear interest, payable on demand, interest for each day until paid at a rate per annum equal to the sum of 21% plus the rate otherwise applicable to Base Rate Loans rate for such day.

Appears in 1 contract

Samples: Bridge Credit Agreement (Bemis Co Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofDomestic Business Day of each calendar quarter. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, thereof for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Margin for such day plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Score Acquisition Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofof each calendar quarter (or if such day is not a Domestic Business Day, the next Domestic Business Day). Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans rate for such day.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Base Rate Loan is made until it becomes due, at a rate per annum equal to the sum of the Applicable Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereofDomestic Business Day of each month. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to such Base Rate Loans Loan for such day.

Appears in 1 contract

Samples: Credit Agreement (Perini Corp)

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