Reference Rate Loans. Each Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Revolving Loan until such principal amount becomes due, at a rate per annum equal to the Reference Rate plus the Applicable Margin.
Reference Rate Loans. Interest on each outstanding Loan made as or converted into a Reference Rate Loan shall be computed for the actual number of days elapsed on the basis of a year of 360 days and shall be payable to Agent, for the ratable benefit of Lenders, in arrears (i) on the first Business Day of each calendar month after the Closing Date, (ii) on the Commitment Maturity Date, and (iii) if any interest accrues or remains payable after the Commitment Maturity Date or during the continuance of an Event of Default, upon demand by Agent. Interest shall accrue and be payable on each such Reference Rate Loan at a per annum interest rate equal to the Reference Rate plus the Applicable Reference Rate Margin.
Reference Rate Loans. On that portion of such Borrowing maintained from time to time as a Reference Rate Loan, equal to the Reference Rate from time to time in effect.
Reference Rate Loans. Each request for a Borrowing of -------------------- Reference Rate Loans shall be received by the Bank from an Authorized Officer on or before 11:00 a.m., Chicago, Illinois time, on the Banking Day of the requested Borrowing. Each request shall specify (i) the borrowing date, which day shall be a Banking Day and (ii) the amount of requested Borrowing.
Reference Rate Loans. 31 2.3 Eurodollar Rate Loans..................................32 2.4 Voluntary Reduction of Commitments.....................32 2.5 Extension of Maturity Date/Reduction of Commitments....32 2.6 Optional Termination of Commitments....................34 2.7 Automatic Termination of Commitments...................34 2.8 Agent's Right to Assume Funds Available for Advances...34 2.9
Reference Rate Loans. Each request by Borrower for a Reference Rate Loan shall be made pursuant to a Request for Loan, with a concurrent telephone notification, received by the Agent, at the Agent's Office (and such additional office of the Agent as it may designate from time to time), not later than 1:00 p.m. San Francisco time, at least one (1) Banking Day before the date of the requested Reference Rate Loan. All Loans shall constitute Reference Rate Loans unless properly designated or redesignated as a Eurodollar Rate Loan pursuant to Section 2.3. -30-
Reference Rate Loans. All Revolving Loans shall constitute Reference Rate Loans unless properly designated or redesignated as Offshore Rate Loans pursuant to Sections 4.2, 4.4 or 4.5.
Reference Rate Loans. That portion of the Loans maintained -------------------- from time to time as a Reference Rate Loans shall accrue and bear interest until maturity at a rate per annum equal to (i) the Reference Rate from time to time in effect minus one-half of one ----- percent (0.50%) with respect to the Revolving Loans and (ii) the Reference Rate from time to time in effect minus one-quarter of one ----- percent (0.25%) with respect to the Term Loan.
Reference Rate Loans. The unpaid principal of the Reference Rate Loans shall bear interest prior to maturity at a rate per annum equal to the Alternate Base Rate in effect from time to time. Prior to maturity interest on each Reference Rate Loan shall be payable on each Payment Date therefor and on the Termination Date. (b)
Reference Rate Loans. If such Loan is a Reference Rate Loan, a rate per annum equal at all times to the Adjusted Reference Rate plus 8.00%, but in no event to exceed the Maximum Rate provided that if, for any fiscal quarter occurring after December 31, 2020, the Borrower delivers financial statements in accordance with Section 8.06(a) or Section 8.06(b) to the Administrative Agent reflecting that its Total Debt to Consolidated EBITDAX Ratio of the Borrower as of the fiscal quarter just ended is less than 2.00 to 1.00, then for each fiscal quarter thereafter where such ratio is less than 2.00 to 1.00, the Reference Rate Loans shall bear interest at a rate per annum equal to the Adjusted LIBO Rate plus 7.50%, but in no event to exceed the Maximum Rate.
