Common use of Rate after Maturity Clause in Contracts

Rate after Maturity. Except as provided in the next sentence, any Advance or Reimbursement Obligation not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Alternate Base Rate plus 2% per annum. In the case of a Eurodollar Advance the maturity of which is accelerated, such Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period, at the higher of the rate otherwise applicable to such Interest Period plus 2% per annum or the Prime Rate plus 2% per annum.

Appears in 2 contracts

Samples: Credit Agreement (Midamerican Funding LLC), Credit Agreement (Midamerican Funding LLC)

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Rate after Maturity. Except as provided in the next sentence, any Advance or Reimbursement Obligation not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Alternate Base Floating Rate plus 2% per annum. In the case of a Eurodollar Rate Advance the maturity of which is acceleratedaccelerated pursuant to Section 8.1, such Eurodollar Rate Advance shall bear interest until paid in full for the remainder of the applicable Interest Period, Period at the higher of the rate otherwise applicable to such Interest Period plus 2% per annum or and thereafter at the Prime Floating Rate plus 2% per annum.

Appears in 2 contracts

Samples: Credit Agreement (Cordant Technologies Inc), Credit Agreement (Cordant Technologies Inc)

Rate after Maturity. Except as provided in the next sentence, any Advance or Reimbursement Obligation not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Alternate Base Rate plus 2% per annum%. In the case of a Eurodollar Advance the maturity of which is accelerated, such Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period, at the higher of (i) the rate (including the Eurodollar Spread) otherwise applicable to such Interest Period plus 2% per annum or (ii) the Prime Alternate Base Rate plus 2% per annum.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

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Rate after Maturity. Except as provided in the next sentence, any Advance or Reimbursement Obligation not paid at maturity, whether by acceleration or otherwise, shall bear interest until paid in full at a rate per annum equal to the Alternate Base Rate plus 2% per annum%. In the case of a Eurodollar Advance the maturity of which is accelerated, such Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period, at the higher of (i) the rate (including the Eurodollar Spread or the Competitive Bid Margin, as applicable) otherwise applicable to such Interest Period plus 2% per annum or (ii) the Prime Alternate Base Rate plus 2% per annum.

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

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