Examples of Adjusted Base Rate in a sentence
The Company did not have any Adjusted Base Rate borrowings outstanding at September 30, 1998.
Borrowings under the 1998 Credit Facility bear interest at floating rates equal to LIBOR plus an applicable margin or an "Adjusted Base Rate" plus an applicable margin, at the election of the Company.
Each change in the Adjusted Base Rate shall become effective automatically as of the opening of business on the date of such change in the Adjusted Base Rate, without prior written notice to Borrower or Banks.
During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.
Each Base Rate Advance shall bear interest at the Adjusted Base Rate in effect from time to time plus the Applicable Margin for Base Rate Advances for such period.