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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 14 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made until to but excluding the date it becomes due, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period in arrears on the last day thereof Domestic Business Day of each Fiscal Quarter and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 8 contracts

Samples: Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare 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 for such day plus the applicable Base Rate Margin for such dayMargin. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 7 contracts

Samples: Credit Agreement (Rockwell Automation Inc), Day Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation 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 plus sum of the applicable Base Rate Margin and the Base Rate for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 (Rockwell Collins Inc), Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Collins Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made until it to but excluding the date on which such Loan becomes due, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 4 contracts

Samples: Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International 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 plus sum of (x) the applicable Base Rate Margin plus (y) the Base Rate for such day. Such interest shall be payable for in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionBase Rate Loan is so converted. 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 4 contracts

Samples: Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD), Credit Agreement (Universal City Development Partners LTD)

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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 4 contracts

Samples: Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Collins 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 plus the applicable Applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Date prior to maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 4 contracts

Samples: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date, at maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionBase Rate Loan is so converted. 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 4 contracts

Samples: Assignment and Assumption Agreement (Imc Global Inc), Day Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period Quarterly Date and on the last day thereof Termination Date, and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 4 contracts

Samples: Credit Agreement (At&t Capital Corp /De/), Credit Agreement (At&t Capital Corp /De/), Credit Agreement (At&t Capital Corp /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 Closing Date until it becomes due, at a rate per annum equal to the Base Rate plus sum of the applicable Base Rate Margin and the Base Rate for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 3 contracts

Samples: Credit Agreement (Rockwell Collins Inc), Bridge Credit Agreement (Rockwell Collins Inc), Bridge Credit Agreement (Rockwell Collins 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or Euro-Dollar Loan, on the date of such prepayment or conversion. 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 3 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date day such Loan is made until to but excluding the day it becomes due, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Date prior to maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Fixed Rate Loan, on the date of such prepayment or conversionLoan is so converted. 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 3 contracts

Samples: Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period at maturity, quarterly in arrears on the last day thereof andof each March, June, September and December prior to maturity, and with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 (Ace LTD), Term Loan Agreement (Ace LTD)

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 Alternative Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Term Benchmark Loan, on the date of such prepayment or conversion. 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: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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 duethe last day of each Interest Period applicable thereto, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Currency Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 2 contracts

Samples: Credit Agreement (Atlantic Richfield Co /De), Credit Agreement (Atlantic Richfield 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. Any overdue principal of or interest on any Base Rate Loan (and any overdue fees) 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 (CNF Inc), Credit Agreement (CNF Inc)

Interest Rates. (a) 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or Euro-Dollar Loan, on the date of such prepayment or conversion. 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: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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 duedue or is converted to a different type of Loan, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar different type of Loan, on the date of such prepayment or conversionprincipal amount is so converted. 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 (Allergan Inc), Credit Agreement (Allergan Inc)

Interest Rates. (a) Each The unpaid principal amount of 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-CD Loan or a Euro- Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 2 contracts

Samples: Agreement (Ultramar Diamond Shamrock Corp), Assignment and Assumption Agreement (Ultramar Diamond Shamrock 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period at maturity, quarterly in arrears on the last first day thereof andof each March, June, September and December prior to maturity, and with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 and Reimbursement Agreement (Usf&g Corp), Credit and Reimbursement Agreement (Usf&g 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for in arrears at maturity, on each Interest Period on the last day thereof Quarterly Payment Date prior to maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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: Assignment and Assumption Agreement (Trigon Healthcare Inc), Agreement (Trigon Healthcare 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 plus sum of the applicable 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 thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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: Agreement (Estee Lauder Companies Inc)

Interest Rates. (a) Each Subject to Section 2.15, 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to in the principal amount case of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Fixed Rate Loan, on the date of such prepayment or conversion. Any Subject to Section 2.15, any overdue principal of or and 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.. 176

Appears in 1 contract

Samples: Credit Agreement (Cabot Oil & Gas 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 to but excluding the date it becomes due, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for to but excluding the date of actual payment in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Praxair 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Interest Rates. (a) Each Subject to Section 2.16, 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to in the principal amount case of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Fixed Rate Loan, on the date of such prepayment or conversion. Any Subject to Section 2.16, any overdue principal of or and 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 (Cabot Oil & Gas 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 duedue or is converted to a Loan of another Type, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Currency Loan, on the date of such prepayment or conversionBase Rate Loan is so converted. 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 (Footstar 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Date prior to maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 (Martin Marietta Materials Inc)

Interest Rates. (a) Each Subject to Section 2.15, 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 plus sum of the applicable 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 thereof Quarterly Date and, with respect to in the principal amount case of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. Any Subject to Section 2.15, any overdue principal of or and 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 (Cabot Oil & Gas Corp)

Interest Rates. (a) Each Loan (or portion thereof) when it is a Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such it is a Base Rate Loan is made until it becomes due, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversionBase Rate Loan is so converted. 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: Agreement (Estee Lauder 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 Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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.. (b) Each Euro-Dollar Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per 21

Appears in 1 contract

Samples: Year Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

Interest Rates. (a) Each Base Rate Loan shall bear interest 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or Euro-Dollar Loan, on the date of such prepayment or conversion. 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: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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 duedue or is converted, at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such Subject to Section 2.06, such interest shall be payable for each Interest Period calendar month in arrears on the last day Domestic Business Day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the date of such prepayment or conversionprincipal amount is so converted. 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 (Woolworth Corporation)

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Interest Rates. (a1) 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 duedue or the date of conversion to a Euro-Dollar Loan, at a rate 27 29 per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period monthly, in arrears, on the last day thereof andeach Interest Payment Date or, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 dayDefault Rate.

Appears in 1 contract

Samples: Revolving Loan Agreement (Malan Realty Investors 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Euro- Dollar Loan, on the date of such prepayment or conversion. 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 (National Rural Utilities Cooperative Finance Corp /Dc/)

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 plus the applicable Applicable Margin for Base Rate Margin for such dayLoans. Such interest shall be payable for on each Interest Period on the last day thereof and, with respect to the principal amount of any Quarterly Payment Date while such Base Rate Loan that is prepaid or outstanding and on the date such Base Rate Loan is converted to a Euro-Dollar Eurodollar Loan, on the date of such prepayment or conversion. Any overdue principal of or and, to the extent permitted by applicable law, 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 dayDefault Rate.

Appears in 1 contract

Samples: Credit Agreement (Avocent 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 applicable Applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Date prior to maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Term Benchmark Loan, on the date of such prepayment or conversion. 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 (Martin Marietta Materials Inc)

Interest Rates. (a) 5. Each Base Rate Domestic 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 plus sum of the applicable Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period quarterly in arrears on the last day thereof of each calendar quarter and, with respect to the principal amount of any Base Rate Domestic Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversiona Domestic Loan is so converted. Any overdue principal of or interest on any Base Rate Domestic 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 Domestic Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International 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 plus sum of the applicable Base Rate Margin for such day plus the Base Rate for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 Margin for such day plus the Base Rate for such day.

Appears in 1 contract

Samples: Year Credit Agreement (American Express Credit 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or Euro-Dollar Loan, on the date of such prepayment or conversion. 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: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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.. (b) Each Euro-Dollar Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per 20

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Interest Rates. (a) 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 plus sum of the applicable Base Rate Margin plus the Base Rate, in each case for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 and Reimbursement Agreement (Orbital Sciences Corp /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 plus the applicable Applicable Rate for Base Rate Margin for such dayLoans. Such interest shall be payable for each Interest Period on the last day thereof thereof, and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 plus the Applicable Rate for such dayBase Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Chubb Corp)

Interest Rates. (a) Each Base Rate Domestic 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 plus sum of the applicable Base Rate Margin plus the Base Rate for such day. Such interest shall be payable for each Interest Period quarterly in arrears on the last day thereof of each calendar quarter and, with respect to the principal amount of any Base Rate Domestic Loan that is prepaid or converted to a Euro-Dollar Loan, on the each date of such prepayment or conversiona Domestic Loan is so converted. Any overdue principal of or interest on any Base Rate Domestic 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 Domestic Loans for such day.

Appears in 1 contract

Samples: Term Loan Agreement (Qwest Communications International 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 21% plus the rate otherwise applicable to Base Rate Loans for such day.

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

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 relevant Applicable Margin and the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loanthereof, on the date of such any repayment or prepayment or conversionof the relevant Borrowing of Base Rate Loans and on the Maturity 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: Term Loan Agreement (Dow Chemical 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 sum of (i) the Base Rate Margin, plus (ii) the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Eurodollar Loan, on the each date of such prepayment or conversiona Base Rate Loan is so converted. 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 (Turner 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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.. 18

Appears in 1 contract

Samples: Day Credit Agreement (Rockwell Automation Inc)

Interest Rates. (a) Each The unpaid principal amount of 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a CD Loan or a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 1 contract

Samples: Assignment and Assumption Agreement (Ultramar Diamond Shamrock 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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date, at maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Euro- Dollar Loan, on the date of such prepayment or conversionBase Rate Loan is so converted. 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 (Imc Global Inc)

Interest Rates. (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date day such Loan is made until (or is converted from a Euro- Dollar Loan or CD Loan to become a Base Rate Loan) to but excluding the day it becomes duedue (or is converted to a Euro-Dollar Loan or CD Loan), at a rate per annum equal to the Base Rate plus the applicable Base Rate Margin for such day. Such interest shall be payable for each Interest Period quarterly in arrears on the last day thereof and, with respect to the principal amount Domestic Business Day of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversioneach 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 (Vencor 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 plus sum of the applicable Base Rate Margin plus the Base Rate, in each case for such day. Such interest shall be payable for quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 and Reimbursement Agreement (Orbital Sciences Corp /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 plus the applicable Base Rate Margin for such day. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date prior to maturity and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversionamount is so converted. 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 (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 duedue or is converted to a Loan of another Type, at a rate per annum equal to the Base Rate for such day plus the applicable Base Rate Margin for such dayMargin. Such interest shall be payable for each Interest Period on the last day thereof and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Currency Loan, on the date of such prepayment or conversionBase Rate Loan is so converted. 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 (Footstar Inc)

Interest Rates. (a) Each During such periods as each Loan is a Base Rate Loan, such Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, thereof at a rate per annum equal to the sum of the Base Rate for such day plus the applicable Base Rate Margin for such dayMargin. Such interest shall be payable for at maturity, quarterly in arrears on each Interest Period on the last day thereof Quarterly Payment Date and, with respect to the principal amount of any Base Rate Loan that is prepaid or converted to a Euro-Dollar Loan, on the date of such prepayment or conversion. 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 (Rockwell Automation, Inc)

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